Astro Technical Guide for Wednesday, 05.01.2011 ::
Astro Info:: Moon transits in Uttarashadha ruled by Sun and persons born in Aardra, Swathi and Sathabhisham and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.10am; 1.0pm; 2.30pm;
Likely Intraday Trend for 05.01.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to be beter in the forenoon and may remain subdued in the afternoon. Last hour is expected to be quite sensitive / crucial for the markets. Highest rates may be recorded in the forenoon session.
Bank , FMCG and Tech stocks are expected to be generally better.
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above high recorded upto 9.30am, long positions can be taken with Low level as stop loss and such positions may be closed by 1.00pm; After 1.30pm, if Nifty fut trades below Average Traded Price, short positions may be taken with a stop loss of 10 points above Average Traded Price and such positions may be closed by 2.30pm or be continued with strict trailing stop loss( as last hour is sensitive leading to volatile movements) .
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 is expected to be bullish above 6172 with resistance at 6191, 6210, 6240 and weak below 6147 with supports at 6129, 6110, 6080 for the day ... Based on present market movement, Nifty fut . would be in Bullishzone above 6185 and in Bearish zone below 6170 for Wednes day. Nifty is expected to trade between 6197/ 6217 on higher side and 6118 / 6100 on Lower side.
Nifty , unable to cross the resistance , faced selling pressure. Once again Bank stocks led the fall. If Nifty goes below 6100, it would confirm topping out temporaraily and long positions may be liquidated.
Major Resistance for Nifty fut at 6210 / 6240 and Supports at 6125 / 6100.
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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