Volatile Movements … !!!

Astro Technical Guide for Thursday, 04.11.2010 ::

Astro Info:: Moon transits in Hastha constellation ruled by Moon and persons born in Punarvasu, Visakha and Poorvabhadra and in Libra and Aquarius Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 9.40am; 12.00pm; 1.30pm;

Likely Intraday Trend for 04.11.2010 ::
On the basis of planetary position and aspects amongst planets , Market expected to generally volatile, with vicious moves on either side, particularly from 9.30am to 11.30am and again from 1.30pm. Time from 11.30 to 1.30 is generally better with time from 12 to 1 being sensitive. Cement and Steel stocks are expected to be generally subdued.

Astro Technical Trading Strategy for the day :: After 11..30am, if Nifty futures trades above Average Price by about 10 points , long positions can be taken with a stop loss of 10 points below Average Price and such positions may be closed by 1.30pm or be continued with strict 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 6225, 6245, 6275 and find support at 6165, 6145 and 6115 for the day ...
Based on present market movement, Nifty fut. would be in Bullishzone above 6200 and in Bearish zone below 6190 for Thursday.

Nifty, after opening with upside gap, traded in a narrow range throught out the day and closed with a gain of about 40 points. Nifty has cleared resistance of 6150 and would be facing another resistance at 6215 and 6285 (Nifty fut at 6245 and 6320). Nifty becomes weak only below 6050.

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