First Half Subdued … !!!

Astro Technical Guide for Friday, 08.10.2010 ::

Astro Info:: Moon transits in Chitta constellation ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra constellations and in Libra and Aquarius Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.20am; 12.35pm; 2.25pm;


Likely Intraday Trend for 08.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain subdued / weak from 9.30am to 11.45am and may recover mildly thereafter to become volatile after 2.25pm.
Tech stocks are expected to be subdued in general.

Astro Technical Trading Strategy for the day :: After 9.30am, If Nifty trades below Open Price and Average Traded Price, short positions can be taken with High price as stop loss and such positions may be closed by 11.30am or be continued with strict trailing stop loss.

Open level is important for intraday trading and generally, intraday short positions are suggested below Day’s open level only and vice versa.

Stop loss is a must for intraday trading.
Technical Levels for the day:: Nifty fut is expected to face resistance at 6175, 6195 and 6225 and find support at 6115, 6095 and 6065 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6195 and in Bearish zone below 6170 for Fri day.

Nifty remained sideways till about 1.30pm and fell sharply thereafter to record biggest fall ( more than 1%) in the last One month thereby breaching close support of 6150. However, strong support exists at 6050 below fall may accelerate. Strong resistance is seen at 6250.


Note :: Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and applied depending on the realtime market movement. Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be used as an additional tool in addition to technicals and adapted depending on intraday movements. Loss / Gain in market depends on Individual natal chart. Creator only knows what is going to happen and astrologer can only indicate what is likely to happen .
Trade only with stop loss..
Happy Trading..
Dr B Amaranatha Sastry