Astro Technical Guide for Thurs day, 21.10.2010 ::
Astro Info:: Moon transits in Uttarabhadra constellation ruled by Saturn and persons born in Bharani, Pubba and Poorvashadha and in Aries and Leo Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.50am; 11.30am; 2.40pm;
Likely Intraday Trend for 21.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain generally better upto 10.50am (particualy upto 9.50am) and to become subdued / volatile there after and decisive change in trend is expected around 2.40pm. Nifty futures level of 5970 / 5950 is also very crucial for the market around which it is expected to take strong support .
FMCG/ Entertainment, Cement, Steel, stocks are expected to remain subdued in general .
Astro Technical Trading Strategy for the day :: After 2.00pm, if Nifty futures trades 10 points below Average Price , 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 6035, 6055 and 6085 and find support at 5975, 5955 and 5925 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6040 and in Bearish zone below 6020 for Thurs day.
Nifty futures, fell sharply after 2.30 pm and made a new low for this month. However, there is strong support for Nifty futures around 5970 – 5950 and strong resistance around 6175. Only when the above levels are breached decisively, fresh trend would emerge. For short term, Nifty futures is bearish and the stop loss level is 6140.
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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