Astro Technical Guide for Friday, 07.01.2011 ::
Astro Info:: Moon transits in Dhanishta ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.00am; 12.50pm; 2.00pm;
Likely Intraday Trend for 07.01.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain subdued immediately after opening but recover from 10 am and remain generally better to again become subdued in the last hour.
Communication / Tech stocks may remain better while PSU stocks could remain subdued.
Astro Technical Trading Strategy for the day :: After 10.00am, if Nifty fut trades above Open level and Average Traded Price, long positions can be taken with Low level as stop loss and such positions may be closed by 2.00pm., (with proper trailing stop loss).. (Intraday long positions is against short term trend , hence high degree of caution advised). After 2.30pm, if Nifty fut trades below Average Traded Price, short positions can be taken with a stop loss of 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 6082 with resistance at 6100, 6120, 6148 and weak below 6058 with supports at 6040, 6021, 5990 for the day ... Based on present market movement, Nifty fut . would be in Bullishzone above 6095 and in Bearish zone below 6080 for Friday. Nifty is expected to trade between 6110/ 6130 on higher side and 6030 / 6010 on Lower side.
Nifty continued its downward journey and is expected to get major support round 6000 and is expected to face major resistance at 6150.
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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