Caution at High Levels …!!!

Astro Technical Guide for Thursday, 02.12.2010 ::

Astro Info:: Moon transits in Chitta constellation ruled by Mars and persons born in Pushyami, Anuradha and Uttarahadra and in Scorpio and Pisces Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.00am; 1.00pm;

Likely Intraday Trend for 02.12.2010 ::
On the basis of planetary position and aspects amongst planets, After opening, market is expected to remain subdued after opening in the opening hour and to recover thereafter and remain volatile in second half of the day.
PSU, Bank stocks are expected to be subdued while FMCG, Entertainment, Power, Oil stocks are expected to be better.

Astro Technical Trading Strategy for the day :: After 10.00am, if Nifty futures trades above Open and Average Price , long positions can be taken with Low level as stop loss and such positions may be closed by 12.30pm. 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 6000 with resistance at 6020, 6040, 6070 and weak below 5975 with supports at 5940, 5910 and 5860 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 5945 and in Bearish zone below 5920 for Thursday.

Market extended its gains for the Third day in a row and expected retracement for the last month’s fall has come in a very short time. Strong resistance for Nifty fut around 6025 – 6050 is expected around which level high degree of caution is suggested. 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