Midsession Subdued … !!!

Astro Technical Guide for Friday, 29.10.2010 ::

Astro Info:: Moon transits in Punarvasu constellation ruled by Jupiter and persons born in Aswini, Makha and Moola and in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 12.25pm; 1.50pm;

Likely Intraday Trend for 29.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain steady / better till about 12.30pm and may remain subdued thereafter and may again recover after 2.15pm. Sun and Venus conjunction is expected to be critical for today’s behaviour.

Astro Technical Trading Strategy for the day :: After 12.30pm, if Nifty futures trades below Average 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 2.30pm 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 is expected to face resistance at 6017, 6036, 6065 and 6115 and find support at 5958, 5940 and 5910 for the day ...
Based on present market movement, Nifty fut. would be in Bullishzone above 6040 and in Bearish zone below 6020 for Fri day.

Nifty remained positive till about 2.45pm and there was sudden fall of about 80 points after 2.55pm (indicating huge selling) and Nifty closed below 6000 but above crucial support level of 5950. Nifty has strong support at 5950 and Resistance at 6150. October F&O series closed with a marginal loss of about 45 points but closed at the lower end for the month indicating bearishness. Nifty becomes bullish only when it closes above 6150.

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