Highly Volatile Movements …!!!

Astro Technical Guide for Wednesday, 01.12.2010 ::

Astro Info:: Moon transits in Hastha constellation ruled by Moon and persons born in Punarvasu, Visakha and Poorvabhadra and in Libra and Aquarius Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.15am; 11.40am; 1.15pm;

Likely Intraday Trend for 01.12.2010 ::
On the basis of planetary position and aspects amongst planets, Market is expected to recover and remain better from 10.10 to 12.00( with specific bullish bias time from 10.50 to 11.40) and experience volatile movements after 12 with another trend change after 1.40pm. Over all a highly volatile day, movements driven by fear.
Cement, Steel, Mining stocks may remain volatile and Bank and Oil stocks may remain subdued.

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 12pm. After 12.30pm, 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. In view of the high volatility expected, strict stop loss and quick profit booking is suggested.

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 5902 with resistance at 5920, 5937, 5967 and weak below 5878 with supports at 5860, 5843 and 5813 for the day ... There is strong resistance at 5950 / 5960 and strong support close to 5800.
Based on present market movement, Nifty . would be in Bullishzone above 5860 and in Bearish zone below 5830 for Wednesday.

After experiencing volatile movements before 11.30 after announcement of IIP Numbers, Nifty recovered smartly to close above 5860. There is strong resistance around 5950 / 6000 and strong support support around 5750.

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