Astro Technical Guide for Tuesday, 08.02.2011 ::
Astro Info:: Moon transits in Revathi ruled by Mercury and persons born in and those born in Krittika, UTtara and UTtarashadha and in Aries and Leo Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.00am; 10.45am; 12.30pm; 2.25pm;
Likely Intraday Trend for 08.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain Volatile with better time till 10.45 and subdued trend thereafter and again recover after 12.30pm in general.
Power, Pharma stocks are expected to be better. PSU stocks also may go up in second half of the day. Cement, Mining stocks are expected to be volatile.
Astro Technical Trading Strategy for the day :: After 1.00pm, if Nifty fut trades above Average Traded Price by about 10 points, long positions can be taken with a stop loss of 10 points below 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 5416 with resistance at 5432, 5448, 5475 and weak below 5395 with supports at 5375, 5360, 5335 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5415 and in Bearish zone below 5395 for Monday. Nifty fut. is expected to trade between 5445/ 5475 on the higher side and 5370 / 5335 on the Lower side.
Nifty remained generally in a narrow range with positive bias and did not break Friday’s panic low, despite sharp down swing in the last hour. Strong support for Nifty exists at 5350. However, Nifty would come out of bear grip only when it closes above 5555.
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..
Prosperous Trading..
Dr B Amaranatha Sastry
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