Second Half Subdued…!!!

Astro Technical Guide for Wednesday, 08.12.2010 ::

Astro Info:: Moon transits in P.Shadha constellation ruled by Venus and persons born in Mrigasira , Chitta and Dhanishta and in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 9.45am; 12.55pm; 2.40pm;

Likely Intraday Trend for 08.12.2010 ::
On the basis of planetary position and aspects amongst planets, After opening, market is expected to remain generally better from 9.45 to 1pm and expected to be subdued / weak thereafter till about 2.45pm.
Astrologically, Today’s rise in the forenoon could prove to be deceptive later on. Hence cautiousness is advised at higher rates.

Astro Technical Trading Strategy for the day :: After 9.45am, if Nifty fut trades above Open level and Average Price , long positions can be taken with Low Level e as stop loss and such positions may be closed by about 1pm. After 1.30pm, 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 6023 with resistance at 6049, 6068, 6088 and weak below 5995 with supports at 5971, 5952, 5932 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 5995 and in Bearish zone below 5980 for Wednesday.

After being in the bearish zone for most part of the day, market witnessed sudden spurt after 1.30pm and closed flat but at upper end of the day signalling possible further rise on Wednesday. However, market made lower top and lower bottom signalling cautiouness and continuation of fall once Tuesday’s low is breached. Strong resistance at 6050 / 6100 and strong support at 5875 is available for the market.

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