Closing Session Crucial ….!!!

Astro Technical Guide for Wednesday, 23.02.2011 ::

Astro Info:: Tithi :: Magha Bahula Shashti ; Day :: Wednesday ; Nakshatra :: Swathi upto 2.30pm and Visakha thereafter (Moon in Libra Sign)
Persons born in Aslesha, Jyeshta and Revathi and in Scorpio and Pisces Zodiac signs are advised to be alert in their dealings. Movements of the day could prove deceptive later on .

Sensitive / Trend change Timings for the day : 10.20am; 1.05pm; 2.30pm;

Likely Intraday Trend for 23.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain subdued for most part of the day with highly volatile movements 2pm;
Tech stocks are expected to be subdued.

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty trades below Low recorded upto 9..30am, short positions can be taken with High level as stop loss and such positions may be closed by about 1pm.

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 5485 with resistance at 5520, 5545 and weak below 5465 with supports at 5430, 5405 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5485 and in Bearish zone below 5465 for Wednesday . Nifty fut. is expected to trade between 5530/ 5550 on the higher side and 5420 / 5400 on the Lower side.
5520 on the upper side and 5410 on the lower side are very important .

Market opened with Downside gap due to global cues and experienced volatile movements and closed with a loss of about 1%. Inspite of decent pullback from low levels, Nifty is unable to clear the major hurdle of 5555 and if it closes below 5400 , it would open doors for another round of fall. However, there are Two important events in the next couple of days i.e., F&o expiry and Union Finance Budget which would significantly affect the sentiment of the market. Hence high degree of cautions is advised and better to wait for Investment buying and trading positions should have proper hedging or 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..
Prosperous Trading..
Dr B Amaranatha Sastry