Astro Technical Guide for Friday, 12.11.2010 ::
Astro Info:: Moon transits in Uttarashadha constellation ruled by Sun upto 11.55am, and in Sravana ruled by Moon thereafter and persons born in Aardra, Swathi , Sathabhisham (in the forenoon session) and persons born in Punarvasu, Visakha and Poorvabhadra (in the afternoon) and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 11.55am; 2.55pm;
Likely Intraday Trend for 12.11.2010 ::
On the basis of planetary position and aspects amongst planets , Market is expected to be better (after opening) till about 11.30am and may remain subdued / weak thereafter till about 1.15am and expected to remain highly volatile thereafter with another expected trend change after 3pm.
Communication stocks are expected to be 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 11.45am, 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 1.30pm. 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 6266, 6285, 6316 and find support at 6203, 6185 and 6153 for the day ...
Based on present market movement, Nifty fut. would be in Bullishzone above 6280 and in Bearish zone below 6250 for Friday.
Market appears to have postponed the event of making a new all time high as it has retraced considerably and is far away from the All time high level. Nifty spot closed below 6200 mark and futures also closed below 6250 mark thereby signalling the end of short term bullishness. Next major support for Nifty fut. is 6125 / 6150 and at 6075. Major resistance for Nifty is at 6350.
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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