Mid Session Better ……!!!

Astro Technical Guide for Friday, 31.12.2010 ::

Astro Info:: Moon transits in Visakha ruled by Jupiter and persons born in Aswini, Makha and Moola and in Scorpio and Pisces Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.05am; 11.10am; 11.50am; 2.20pm;

Likely Intraday Trend for 31.12.2010 ::
On the basis of planetary position and aspects amongst planets, After initial steady / subdued movements, market is expected to recover from 10am (particularly from 11.10 am to 12.00pm) and remain sideways / volatile thereafter .
Fmcg, Entertainment stocks are expected to be better. Bank and Tech stocks may do better in the afternoon.

Astro Technical Trading Strategy for the day :: After 10.00am, if Nifty fut trades above Open Level and Average Traded Price, long positions can be taken with day low level as stop loss and such positions may be closed by 1.00pm or be continued with strict revised trailing stop loss ( 10 points below Average Traded Price).

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 is expected to be bullish above 6115 with resistance at 6132, 6151, 6181 and weak below 6090 with supports at 6071, 6053, 6022 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 6090 and in Bearish zone below 6080 for Fri day. Nifty is expected to trade between 6141/ 6161 on higher side and 6063 / 6043 on Lower side.

Nifty traded in the positive zone and maintained bullish momentum through out the day and closed above 6100. Next major resistance is 6150 and 6275. Strong support for Nifty exists at 6000 below which only it would get into short term bearishness.

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