Closing Better …!!!

Astro Technical Guide for Thursday, 16.12.2010 ::

Astro Info:: Moon transits in Revathi constellation ruled by Mercury upto 12.35pm and in Aswini ruled by Ketu thereafter and persons born in Krittika, Uttara and Uttarashadha in the forenoon period and those born in Rohini, Hastha and Sravana in the afternoon and in Aries and Leo Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 12.35pm; 2.15pm;

Likely Intraday Trend for 16.12.2010 ::
On the basis of planetary position and aspects amongst planets, After opening market is expected to remain better from 9.45 to 12pm and remain subdued thereafter to again recover after 2.15pm.
PSU and Oil stocks are expected to be generally better.

Astro Technical Trading Strategy for the day :: After 2.15pm, if Nifty fut trades above Average traded Price by about 10 points , long positions can be taken with a stop loss of 10 points below Average Traded 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 5907 with resistance at 5925, 5942 and 5971 and weak below 5883 with supports at 5865, 5847, 5818 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 5925 and in Bearish zone below 5905 for Thursday. Nifty fut is expected to trade between 5933 / 5972 on higher side and 5856 / 5818 on Lower side.

Market moved in negative zone throughout the day and retraced a part of the upmove recorded in the last Three sessions. Market is once again positioned at crucial level as close above 5950 would leave hope for Bulls while a close below 5850 / 5800 would make the market weak once again . Astrologically, Today’s High and Low levels are important above which long positions can be taken with low as stop loss and below Low level short positions can be taken with high as stop loss with One month time frame.

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