Wednesday, January 26, 2011

Midsession Subdued …. !!!

Astro Technical Guide for Thursday, 27.01.2011 ::
Astro Info:: Moon transits in Visakha ruled by Jupiter and persons born in Aswini, M?akha and Moola and in Scorpio and Pisces Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.45am; 12.55pm; 1.50pm;
Likely Intraday Trend for 27.01.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to be better in the Opening hour and remain volatile thereafter inclined towards subduedness particularly after 1.45pm.
Communication / Tech stocks are expected to be better while Bank stocks could remain subdued.

Astro Technical Trading Strategy for the day ::After 1.15pm, if Nifty fut trades below Average Traded Price, short positions can be taken with suitable stop loss (atleast 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 5695 with resistance at 5715, 5730 and 5760 and weak below 5670 with supports at 5655, 5640 and 5610 for the day ... Based on present market movement, Nifty fut . would be in Bullishzone above 5750 and in Bearish zone below 5720 for Thursday. Nifty fut. is expected to trade between 5725/ 5760 on the higher side and 5645 / 5620 on the Lower side.

Market remained better till the announcement of Credit policy on Tuesday and fell sharply by end of the day to close below 5700. Further fall is to be expected only if Nifty goes below the recent low of 5625. On the other hand , if it closes above 5750, it can go up further. Thursday, being last day of F&O expiry, scrip specific movement is to be expected and considering present state of the market, further down move can not be ruled out.

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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