Astro Technical Guide for Thursday, 03.02.2011 ::
Astro Info:: Moon transits in Sravana ruled by Moon upto 2.48pm and in Dhanishta ruled by Mars thereafter and persons born in and those 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 : 11.05am; 1.25pm; 2.50pm;
Likely Intraday Trend for 03.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain volatile with frequent see-saw movements with crucial time between 1.25 and 2.20pm(bullish bias) and become subdued / weak after 2.45pm .
Cement and Mining stocks are expected to be better while Bank stocks could remain subdued.
Astro Technical Trading Strategy for the day :: After 2.30pm, if Nifty fut trades below Average Traded Price, short positions can be taken with 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 5445 with resistance at 5475, 5505 and weak below 5420 with supports at 5390, 5360 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5475 and in Bearish zone below 5455 for Thursday. Nifty fut. is expected to trade between 5470/ 5505 on the higher side and 5395 / 5360 on the Lower side.
Nifty after being positive till about 2.30 witnessed sharp sell in the last hout and closed nearly flat for the day. This is the last major support area (between 5350 and 5400) and Nifty gets into stable mode only 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..
ProsperousTrading..
Dr B Amaranatha Sastry
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