Opening Session Better… Midsession Subdued .. !!!

Astro Technical Guide for Tuesday, 04.01.2011 ::

Astro Info:: Moon transits in Poorvashadha ruled by Venus and persons born in Mrigasira, Chitta and Dhanishta and in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 11.25am; 1..00pm; 1.45pm 3.15pm;

Likely Intraday Trend for 04.01.2011 ::
On the basis of planetary position and aspects amongst planets, After open Market is expected to remain better till about 11.30am and remain subdued thereafter and may recover after 1.00pm ( with sensitive time from 1.45 to 2.30) and remain steady thereafter.
PSU stocks are expected to be better while Cement, Steel, FMCG , Entertainment stocks could remain subdued.

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 11.30am., After 11.45am, 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 1.30pm or be continued with strict trailing stop loss.

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 6197 with resistance at 6215, 6234, 6265 and weak below 6172 with supports at 6154, 6135, 6105 for the day ... Based on present market movement, Nifty fut . would be in Bullishzone above 6195 and in Bearish zone below 6185 for Tues day. Nifty is expected to trade between 6224/ 6244 on higher side and 6145 / 6125 on Lower side.

Nifty traded in the positive zone in a very narrow range for the day indicating lack of buying interest at higher rates. Major Resistance for Nifty fut at 6210 / 6275 and Supports at 6150 / 6100. Nifty fut becomes bearish only on a close below 6075. However, caution is advised at higher levels and fresh long positions may be avoided.

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