Volatile Movements… !!!

Astro Technical Guide for Tues day, 26.10.2010 ::

Astro Info:: Moon transits in Rohini constellation ruled by Moon and persons born in Punarvasu, Visakha and Poorvabhadra and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.30am; 1.15pm; 2.25pm;


Likely Intraday Trend for 26.10.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain volatile from 10.30am to 12.30pm and recover there aftr with sensitive time between 1.15pm to 2.25pm and again remain volatile thereafter. Time from 1.15 to 2.15 is crucial for the market. There may not be a clear trend for the market and high degree of volatility is to be expected. Communication, Entertainment and FMCG stocks are expected to be volatile.

Astro Technical Trading Strategy for the day :: After 10.30am, if Nifty futures trades below Open Price and Average Price , short positions can be taken with a stop loss of 10 points above Average Price (6185 of Nifty Futures Level) and such positions may be closed by 12.30pm. Since market is expected to be volatile with two way movements, quick profit booking is highly recommended for day traders.

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 6170, 6190 and 6220 and find support at 6110, 6090 and 6060 for the day ...
Based on present market movement, Nifty would be in Bullishzone above 6155 and in Bearish zone below 6135 for Tues day.

Nifty opened better and made new high in the initial hour and was in sideways for most part of the day. While Nifty pierced last week’s high during the day, it closed below the resistance level. Further, there is a premium of 30 pointss between Nifty spot and Futures which would vanish by Thursday. Premium in futures suggests short positions / bullish view in the market. Nifty is expected to trade in the broad range of 6050 and 6200 before F&O expiry, barring unusual movements.

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