Astro Technical Guide for Tuesday, 01.02.2011 ::
Astro Info:: Moon transits in Poorvashadha ruld by Venus upto 10.50am and in Uttarashadha ruled by Sun thereafter and persons born in Aardra, Swathi and Sathabhisham and in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.50am; 12.40pm; 1.30pm;
Likely Intraday Trend for 01.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain better in the forenoon session (from 11 to 1) and might become weak / subdued after 1.30pm.,
Communication stocks are expected to be generally better.
Astro Technical Trading Strategy for the day :: After 10.00am, if Nifty fut trades above Open Price and Average Traded Price, long positions can be taken with Low level as stop loss and such positions may be closed by 1.00pm . After 1.30pm, 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.
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 5535 with resistance at 5552, 5570 and 5600 and weak below 5510 with supports at 5495, 5480 and 5450 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5505 and in Bearish zone below 5480 for Tuesday. Nifty fut. is expected to trade between 5560/ 5595 on the higher side and 5480 / 5445 on the Lower side.
Market opened sharply lower on account of global cues but closed nearly flat without much damage. Nifty fut. appears to have taken support at a very crucial support level . If Nifty closes above 5650, further upside can be expected. However, it needs to maintain above 5500 without making a new low to remain stable at this point of time. Market is expected to bottom out during the week around Feb 4th.
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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