Astro Technical Guide for Wednesday, 06.10.2010 ::
Astro Info:: Moon transits in Pubba constellation ruled by Venus upto 10.35am and in Uttara ruled by Sun thereafter and persons born in Aardra, Swathi and Sathabhisham constellations and in Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.30am; 1.40pm;
Likely Intraday Trend for 06.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market, expected to generally remain better in the forenoon and may become subdued after 2.00pm. Bank stocks are expected to be subdued while FMCG, Power stocks may remain better.
Astro Technical Trading Strategy for the day :: After 9.30am, If Nifty trades above Open Price and Average Traded Price, long positions can be taken with Low price as stop loss 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 6205, 6225 and 6255 and find support at 6145, 6120 and 6095 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6205 and in Bearish zone below 6190 for Wednes day.
Nifty, remained in a narrow range and closed with marginal loss, but nearer to day’s low level indicating bearish pattern for the day. Market having run up too much in a short span needs to consolidate before the announcement of Q2 results. However, overall market is bullish and loses its strength only below 6050. However, for the current week Nifty fut can be taken as Bearish if it trades below 6225. Immediate resistance is at 6250 and Support at 6050 .
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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