Astro Technical Guide for Wednesday, 03.11.2010 ::
Astro Info:: Moon transits in Uttara constellation ruled by Sun and persons born in Aardra, Swathi and Sathabhisham and in Libra and Aquarius Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 11.55am; 2.00pm;
Likely Intraday Trend for 03.11.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally remain better in the forenoon with crucial time between 12 and 1 and expected to be generally subdued in the afternoon session. Highest rates are expected to be recorded before noon. Power, Pharma stocks are expected to be better while Cement , Steel stocks may remain subdued .
Astro Technical Trading Strategy for the day :: After 1..30pm, if Nifty futures trades below Average Price by about 5 points , 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 6185, 6205, 6230 and find support at 6120, 6100 and 6070 for the day ...
Based on present market movement, Nifty fut. would be in Bullishzone above 6157 and in Bearish zone below 6142 for Wednesday.
Nifty futures traded in a narrow range throught out the day inspite of significant event of RBI credit policy and closed flat for the day indicating indecisiveness. 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.
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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