Astro Technical Guide for Wednesday, 16.02.2011 ::
Astro Info:: Moon transits in Punarvsu ruled by Jupiter upto 10.20am and in Pushyami ruled by Saturn thereafter and persons born in Rohini, Hastha and Sravana and in Leo and Sagittarius Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.20am; 11.55am; 1.55pm;
Likely Intraday Trend for 16.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain steady / subdued in the Opening session (upto 10.15am) and may recover thereafter till about 1.45pm and may again become subdued after 2 pm.,
PSU stocks are expected to be subdued while Bank stocks may remain better.
Astro Technical Trading Strategy for the day :: After 10.30am, if Nifty trades above Average Traded Price by about 10 points, long positions can be taken with suitable stop loss and such positions may be closed by about 1.30pm., After 2pm,. If Nifty fut trades below Average Traded Price, short positions can be taken with a stop loss of about 15 points above Average Traded Price and such positions may be closed by end of the day. (Short positions are against short term trend of the market and need to be closely monitored)
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 5486 with resistance at 5504, 5520 and 5545 and weak below 5464 with supports at 5445, 5430 and 5405 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5460 and in Bearish zone below 5440 for Wednesday . Nifty fut. is expected to trade between 5530/ 5550 on the higher side and 5420 / 5400 on the Lower side.
After initial hesitant movements, Nifty recovered to go past 5500 level and closed with a modest gain for the day, marking the Third consecutive day of rise. Strong resistance is seen around 5550 - 5600 level while strong support exists at 5350. Stop loss for the existing long positions may be maintained at 5350.
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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