Weakness towards Close……!!!

Astro Technical Guide for Friday, 23.12.2010 ::

Astro Info:: Moon transits in Pushyami upto 12.20pm ruled by Saturn and in Aslesha ruled by Mercury thereafter and persons born in Bharani, Pubba and Poorvashadha in the forenoon and those born in Krittika, Uttara and UTtarashadha in the afternoon and in Leo and Sagittarius Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 12.10pm; 1.00pm; 1.45pm;

Likely Intraday Trend for 24.12.2010 ::
On the basis of planetary position and aspects amongst planets, Market expected to generally remain better in the forenoon after opening (upto 12 pm) and become bearish in the closing session after 1.45pm. (sensitive time between 1 and 1.45 with volatile movements).
Bank, Tech, Power, FMCG stocks are expected to be generally bearish.

Astro Technical Trading Strategy for the day :: 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 about 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 6007 with resistance at 6025, 6044, 6074 and weak below 5983 with supports at 5965, 5947, 5918 for the day ... Based on present market movement, Nifty . would be in Bullishzone above 6000 and in Bearish zone below 5990 for Friday. Nifty fut is expected to trade between 6033 / 6073 on higher side and 5956 / 5918 on Lower side.

Nifty traded in a narrow range for the entire day and closed with marginal loss unable to cross the resistance in the region of 6025. However, strong resistance for Nifty is between 6025 and 6050 while Strong support is available at 5950 / 5900. Clear direction for the Market would emerge only on breaching of 5950 on the lower side and 6050 on the upper side.

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