Astro Technical Guide for Wednesday, 22.12.2010 ::
Astro Info:: Moon transits in Aardra constellation ruled by Rahu and persons born in Aslesha, Jyeshta and Revathi and in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.50am; 11.00am; 1.50pm;
Likely Intraday Trend for 22.12.2010 ::
On the basis of planetary position and aspects amongst planets, Market expected to be generally better in the forenoon , particularly from 11 to 11.50am and may become subdued in the afternoon after 1 pm and particularly after 2pm.,
FMCG, Entertainment stocks are expected to be better while Cement and Mining stocks are expected to be subdued.
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above High recorded till 9.30am, long positions can be taken with Low level as stop loss and such positions may be closed before 1.00pm; After 1.45pm, if Nifty fut trades below Average Traded Price by about 10 points, short positions can be taken with a stop loss of 10 points above 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 6022 with resistance at 6040, 6058, 6088 and weak below 5995 with supports at 5980, 5960, 5931 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 6005 and in Bearish zone below 5990 for Wednesday. Nifty fut is expected to trade between 6048 / 6087 on higher side and 5971 / 5932 on Lower side.
After better opening, Nifty traded in a narrow range with bullish bias and closed just above Psychological mark of 6000. However, close resistance for Nifty is between 6025 and 6050 while Strong support is available at 5900. Nifty may consolidate in this region and go past 6050 after a marginal pullback with out breaching 5900. Nifty becomes weak only on close below 5900. Dec 22nd is an important Gann Turn date which needs to be keenly watched.
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
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