Mid Session Crucial...!!!!

Astro Technical Guide for Thurs day, 14.10.2010 ::

Astro Info:: Moon transits in Poorvashadha constellation ruled by Venus and persons born in Mrigasira, Chitta and Dhanishta constellations and in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 12.15pm; 1.25pm;


Likely Intraday Trend for 14.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain better for most except for minor retracements between 11 to 12 Pharma, Power and FMCG stocks are expected to be better.

Astro Technical Trading Strategy for the day :: After 11.15am, If Nifty trades above Average Traded Price by about 10 points, long positions can be taken with a stop loss of 10 points 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 6300, 6320 and 6350 and find support at 6235, 6220 and 6185 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6215 and in Bearish zone below 6185 for Thurs day.

Nifty, after initial hesitance, rallied through out the day without looking back and recorded current year’s highest gain and made new high for this year and very close to breaking 2008 High. Current week may see market making new high, barring unforeseen developments. Nifty may pause around 2008 High of 6336 and reach 6400 before the end of this week. Strong Support around 6248, 6165 and Resistance around 6336 and 6400.


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