Volatile Movements……!!!

Astro Technical Guide for Tuesday, 28.12.2010 ::

Astro Info:: Moon transits in Hastha ruled by Moon and persons born in Punarvasu, Visakha and Poorvabhadra and in Libra and Aquarius Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 9.50am; 12.05pm; 1.30pm;

Likely Intraday Trend for 28.12.2010 ::
On the basis of planetary position and aspects amongst planets, After initial volatile movements, Market is expected to generally remain steady / better in the midsession and remain subdued from 1.30 till 3.00pm and may recover in the close.
PSU stocks are expected to be subdued. Power, Pharma stocks also may become subdued in the afternoon.

Astro Technical Trading Strategy for the day :: After 10.15am, if Nifty fut trades above Open and Average Traded Price , long positions can be taken with day low level as stop loss and such positions may be closed by 1.30pm.

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 5998 with supports at 5980, 5962, 5932 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 6040 and in Bearish zone below 6025 for Tuesday. Nifty fut is expected to trade between 6048 / 6088 on higher side and 5971 on Lower side.

After trading in the positive zone in the initial hour, gave up the gains and slipped into the red in the afternoon and closed below 6000 mark. 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. Generally, IT stocks are better while Bank stocks are subdued. 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