Mid session Better … !!!

Astro Technical Guide for Tuesday, 23.11.2010 ::

Astro Info:: Moon transits in Mrigasira constellation ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra and in Gemini and Libra Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.45am; 12.35pm; 2.00pm;

Likely Intraday Trend for 23.11.2010 ::
On the basis of planetary position and aspects amongst planets, Market is expected to remain subdued in the opening hour and recover in the midsession and again become steady after 2pm.
Communication, Metal and Pharma stocks are expected to be volatile while Bank stocks are generally expected to be subdued.

Astro Technical Trading Strategy for the day :: After 10.30am, if Nifty futures trades above Open Price and Average Price, long positions can be taken with Low level 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 6050, 6088 and find support at 5990, 5932 for the day ...
Based on present market movement, Nifty fut. would be in Bullishzone above 5980 and in Bearish zone below 5955 for Tuesday.

After massive fall on Friday, Nifty opened better and generally remained better through out the day and recovered Friday’s fall to close above 6000 mark. However, Tuesday’s market behaviour is extremely important for the market direction. Another positive day would mean the end of correction and vice versa. However, there is strong resistance for Nifty around 6050 and 6100 and strong supports around 5850 and 5800. Only when these levels are broken, market would come out of the present range. However, keeping in view the approaching F&O expiry, scrip specific movements would be the order of the day.

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