Astro Technical Guide for Wednesday, 24.11.2010 ::
Astro Info:: Moon transits in Aardra constellation ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi and in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 11.00am; 12.00pm; 1.55pm;
Likely Intraday Trend for 24.11.2010 ::
On the basis of planetary position and aspects amongst planets, Market is expected to remain generally subdued in the Opening session and remain highly sensitive / erratic movements around 12pm and may recover / remain steady in second half of the day.
PSU stocks are expected to be generally subdued in the opening session.
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty futures trades below Low level recorded upto 9.30am, short positions can be taken with High level of first 30 minutes as stop loss and such positions may be closed before 1pm.
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 5975, 6012, 6050 and find support at 5895, 5858 and 5820 for the day ...
Based on present market movement, Nifty fut. would be in Bullishzone above 5910 and in Bearish zone below 5880 for Wednesday.
After weak open, market fell steeply during midsession following tension between Korean nations, but recovered substantially to close with a reasonable loss of about 60 points. Nifty has taken strong support at long term trend line and below which only (ie., below 5820) it can fall steeply. If yesterday’s low level is held as support, Nifty has resistance around 6050 / 6100 above which it can rally smartly. Being penultimate day of F&O expiry, scrip specific action is most likely and most stocks are weak and can fall futher.
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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