Astro Technical Guide for Thursday, 11.11.2010 ::
Astro Info:: Moon transits in Poorvashadha constellation ruled by Venus upto 9.57a, and in Uttarashadha ruled by Sun thereafter and persons born in Aardra, Swathi and Sathabhisham and in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.57am; 11.30am; 2.55pm;
Likely Intraday Trend for 11.11.2010 ::
On the basis of planetary position and aspects amongst planets , Market is expected to be better from 9.55 to 11.30 and generally remain subdued thereafter and to become volatile in the last hour. Highest rates are expected to be recorded before noon.
Bank stocks are expected to be generally better.
Astro Technical Trading Strategy for the day :: Suitable bullish strategy may be adopted in the opening hour (if Nifty maintains above Open level) to close the positions by 11.30am. After 12.00pm, if Nifty futures trades below Average Price , short positions can be taken with a stop loss of 10 points above Average Price and such positions may be closed by 2.30pm. or be continued with trailing stop loss
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 6345, 6365, 6390 and find support at 6275, 6260 and 6230 for the day ...
Based on present market movement, Nifty fut. would be in Bullishzone above 6320 and in Bearish zone below 6305 for Thursday.
Market remained lackluster through out the day and was unable to go any where near all time high. There is strong resistance for Nifty at 6350 and 6400 levels and 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
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