Astro Technical Guide for Tuesday, 02.11.2010 ::
Astro Info:: Moon transits in Pubba constellation ruled by Venus and persons born in Mrigasira, Chitta and Dhanishta and in Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 11.00am; 2.05pm;
Likely Intraday Trend for 02.11.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain better with crucial time between 11 and 12 and expected to be again better in the second half / close of the day. Communication stocks are expected t be better.
Astro Technical Trading Strategy for the day :: After 1..30pm, if Nifty futures trades above Average Price by about 10 points , long positions can be taken with a stop loss of 10 points below 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 6185, 6203, 6235 and find support at 6125, 6105 and 6075 for the day ...
Based on present market movement, Nifty fut. would be in Bullishzone above 6140 and in Bearish zone below 6120 for Tuesday.
Nifty opened with upside gap and generally remained better through out the day and closed with a gain of about 100 points and is very close to the resistance zone once again. Nifty has been in a narrow zone oscillating between support zone of 5950 and resistance zone of 6150. For Nifty Future resistance is seen at 6185 and 6245 and Supports at 6050 and 5950. Eventful current week with RBI’s credit policy and certain international events are going to set the trend.
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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