Astro Technical Guide for Thursday, 23.12.2010 ::
Astro Info:: Moon transits in Punarvasu constellation ruled by Jupiter upto 1.50pm and in Pushyami ruled by Saturn thereafter and persons born in Aswini, Makha and Moola and in Leo and Sagittarius Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.35am; 11.40am; 1.50pm;
Likely Intraday Trend for 23.12.2010 ::
On the basis of planetary position and aspects amongst planets, Market expected to remain subdued till about 10.30am and recover thereafter , particularly from 11.40 to 12.25 and remain steady thereafter and may again recover after 2 pm.,.
Bank, Tech stocks are expected to be better while Oil stocks could be subdued.
Astro Technical Trading Strategy for the day :: After 10.30am, if Nifty fut trades above Open Price and Average Traded Price, long positions can be taken with Stop loss of 10 points below Open level 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 be bullish above 6008 with resistance at 6025, 6044, 6074 and weak below 5984 with supports at 5960, 5948, 5918 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 6020 and in Bearish zone below 6000 for Thursday. Nifty fut is expected to trade between 6034 / 6073 on higher side and 5957 / 5918 on Lower side.
Nifty traded in a narrow range for most part of the day and fell sharply from 2 pm to 2.30pm and recovred thereafter to close with marginal weakness.. However, strong resistance for Nifty is between 6025 and 6050 while Strong support is available at 5950 / 5900. Clear direction for the Market would emerge only on breaching of 5900/ 5950 on the lower side and 6050 / 6100 on the upper side.
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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