Astro Technical Guide for Friday, 10.12.2010 ::
Astro Info:: Moon transits in Sravana constellation ruled by Moon and persons born in Punarvasu, Visakha and Poorvabhadara and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.15am; 11.30am; 1.15pm;
Likely Intraday Trend for 10.12.2010 ::
On the basis of planetary position and aspects amongst planets, After opening, market is expected to recover from 9.45 to 11am and expected to experience highly volatile movements from 11.30 to 1pm ( huge rise or fall ) and may remain steady thereafter to again fall towards close of the day.
Cement, Mining stocks may fare better. Tech stocks also may remain subdued. Bank stocks are generally expected to generally remain weak for the next One week (subject to occasional pull backs).
Astro Technical Trading Strategy for the day :: 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 5800 with resistance at 5825, 5837 and 5865 and weak below 5775 with supports at 5760, 5743, 5715 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 5865 and in Bearish zone below 5830 for Friday.
Market generally remained bearish in the forenoon but fall got intensified in the afternoon and Nifty closed below 5800. As Nifty breached one of the major supports of 5875, further fall is to be expected and by next week end, Nifty might test 5600 / 5550. Hence, extreme caution is advised at present levels and any rise / pullback may be utilized to liquidate long positions and create hedged short positions. Astrologically, present turbulent position might get worsened by middle of next week.
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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