Astro Technical Guide for Friday, 01.10.2010 ::
Astro Info:: Moon transits in Aardra constellation ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi constellations and in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.50am; 1.05pm; 2.20pm;
Likely Intraday Trend for 01.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to open better and generally and generally remain positive in the forenoon session and may reverse the trend after 1.00pm. Power and FMCG stocks may remain better while PSU, Cement and Steel may remain subdued.
Astro Technical Trading Strategy for the day :: After 1.00pm, If Nifty trades below Average Traded Price by about 10 points , short positions can be taken with a stop loss of 10 points above Average Price and such positions may be closed by end of the day.
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 6060, 6078 and 6108 and find support at 6000, 5982 and 5952 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6010 and in Bearish zone below 5990 for Friday.
Nifty traded in the negative zone till about 2.30pm and gained steep momentum in the last hour and closed at 6030. September month recorded a gain of about 12% (Nifty from 5400 to 6030), one of the biggest gains in the recent past.
Immediate major resistance is at 6100 / 6150 and Supports are at 5950 and 5875..
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
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