Astro Technical Guide for Wednesday, 29.12.2010 ::
Astro Info:: Moon transits in Chitta ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra and in Libra and Aquarius Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.50am; 10.20am;1.25pm;3.05pm;
Likely Intraday Trend for 29.12.2010 ::
On the basis of planetary position and aspects amongst planets, After initial subdued movements till about 9.50am, market is expected to recover (particularly from 9.50 to 10.35am) and generally remain better and may become subdued after 3.00pm.,
Oil stocks are expected to be better.
Astro Technical Trading Strategy for the day :: After 9.45am, if Nifty fut trades above high recorded upto 9.30am, long positions can be taken with day low level as stop loss and such positions may be closed by 3.00pm ( with trailing stop loss after 1pm).,
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 6027 with resistance at 6045, 6063, 6093 and weak below 6003 with supports at 5985, 5966, 5937 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 6017 and in Bearish zone below 6008 for Wednes day. Nifty fut is expected to trade between 6053 / 6072 on higher side and 5975 on Lower side.
Nifty traded in a narrow range and unable to find clear direction and closed flat for the day. . Nifty is struggling to cross the key resistance level of 6025 / 6050above which only, it would get into a new range. With F&o expiry approaching, scrip specific action is most likely. Strong support for Nifty exists at 5950.
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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