Closing Subdued…!!!

Astro Technical Guide for Thursday, 09.12.2010 ::

Astro Info:: Moon transits in Uttarashadha constellation ruled by Sun and persons born in Aardra, Swathi, Sathabhisham and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.20am; 1.10pm; 2.20pm;

Likely Intraday Trend for 09.12.2010 ::
On the basis of planetary position and aspects amongst planets, After opening, market is expected to remain generally better from 9.30 in the forenoon time and slowly become subdued thereafter and may fall towards close of the day. Highest rates might be recorded before noon. to 1pm and expected to be subdued / weak
FMCG , Entertainment stocks are expected to be subdued and PSU stocks also may nosedive in the closing.

Astro Technical Trading Strategy for the day :: After 1.00pm, if Nifty fut trades below Average Price by about 10 points , short positions can be taken with a 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 5937 with resistance at 5954, 5972 and 6002 and weak below 5913 with supports at 5894, 5877, 5845 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 5950 and in Bearish zone below 5930 for Thursday.

Market opened lower and continued to remain bearish through out the day . Bank stocks have once again led the fall. Strong support is available for Nifty fut at 5875, which if breached would make the market more nervous to take it to November Low levels. Any pull back due to technical reasons, may be utilized to create hedged short positions. Nifty continues to be bearish as long as it trades below 6025.

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