Volatile Movements ….. !!!

Astro Technical Guide for Thursday, 06.01.2011 ::

Astro Info:: Moon transits in Hastha ruled by Moon and persons born in Punarvasu, Visakha and Poorvabhadra and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 10.35am; 11.50am; 12.55pm; 2.35pm;

Likely Intraday Trend for 06.01.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain subdued in the opening session and remain volatile after 11 am with alternate bouts of bullishness(after 2.30pm) and bearishness( opening session and again 1pm to 2.30pm) without any clear direction. Communication stocks are expected to be generally subdued.

Astro Technical Trading Strategy for the day :: After 12.30pm, 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. Quick profit booking is advised due 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 6112 with resistance at 6130, 6149, 6179 and weak below 6087 with supports at 6070, 6051, 6020 for the day ... Based on present market movement, Nifty fut . would be in Bullishzone above 6125 and in Bearish zone below 6110 for Thurs day. Nifty is expected to trade between 6140/ 6160 on higher side and 6060 / 6040 on Lower side.

Nifty appears to have given up its fight to go up and seem to be on its way down once again , led by Banking sector. Nifty gets into bullish mode only on a close above 6200 and is expected to face support at 6000 before falling further. Any rise may be utilized to create short positions by traders with 6200 as stop loss.

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