Closing Hour Crucial … !!!

Astro Technical Guide for Wednesday, 10.11.2010 ::

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

Sensitive / Trend change Timings for the day : 10.30am; 12.30pm; 2.55pm;

Likely Intraday Trend for 10.11.2010 ::
On the basis of planetary position and aspects amongst planets , Market is expected to be sensitive during 10.30 to 11.30 and again towards close of the day after 3pm . Market is generally expected to be better from 11.30 to 3 pm.
Cement and Steel stocks are expected to be subdued while Bank stocks may be generally better for the remaining part of the week.

Astro Technical Trading Strategy for the day :: After 11.30am, if Nifty futures trades above Opening Price and Average Price , long positions can be taken with a stop loss of 10 points below Average Price and such positions may be closed by 2.45pm.

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 6372, 6391, 6422 and find support at 6308, 6289 and 6257 for the day ...
Based on present market movement, Nifty fut. would be in Bullishzone above 6315 and in Bearish zone below 6295 for Wednesday.

Nifty , after remaining better in the opening hour, slipped into the negative zone and again came back with full force in the second half of the day to close at the highest level for the day with a gain of about 30 points and closed above 6300 mark. It remains to be seen whether Nifty would break the 2008 high or again slip from 6300 levels. However, there would be huge resistance for Nifty at 6350 and 6400 levels and again strong supports at 6250 and 6150 levels. Nifty, in case would become weak only on a close below 6150 / 6125.

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