Astro Technical Guide for Friday, 03.12.2010 ::
Astro Info:: Moon transits in Swathi constellation ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi and in Scorpio and Pisces Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 12.15pm; 2.20pm;
Likely Intraday Trend for 03.12.2010 ::
On the basis of planetary position and aspects amongst planets, After opening, market is expected to remain subdued after the opening and recover after 11am with 12.15 to 1 being crucial (bullish bias ) and may become subdued thereafter.
Bank and power stocks are expected to be subdued.
Astro Technical Trading Strategy for the day :: After 1.30pm, if Nifty fut trades below Average Price by atleast 10 points, short positions can be taken with stop loss of 10 points above Average Price and such positions may be closed by end of the day.
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 be bullish above 6039 with resistance at 6055, 6075, 6100 and weak below 6013 with supports at 5990, 5975, 5945 and 5925 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 6020 and in Bearish zone below 6010 for Friday.
Market extended its gains for the Fourth day in a row and expected retracement for the last month’s fall has come in a very short time. Since expected retracement has come in, high degree of caution is advised at current level and traders may reduce their positions and stay on side lines to take short positions in case weakness is found in the market. Technically, Bullishness would return to the market on a close above 6125. Astrologically, another round of fall / correction is to be expected from next week, which would be confirmed , technically, when Nifty goes below 5850. Strong Resistance for Nifty fut around 6050 and strong support around 5850, below which correction can continue once again.
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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