Astro Technical Guide for Friday, 04.02.2011 ::
Astro Info:: Moon transits in Dhanishta ruled by Mars and persons born in Pushyami, Anuradha and Uttarabhadra and in Pisces and Cancer Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.25am; 11.00am; 12.45pm; 2.45pm;
Likely Intraday Trend for 04.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market (after initial hesiant movements) is generally expected to remain better from 9.30 to 12.45pm and may fall thereafter with sensitive time between 2.15 and 3.10pm., Over all , it appears to be quite a volatile day with lot of activity and if Market does not go up much before 12.45pm, it might experience good fall thereafter.
FMCG, Entertainment stocks are expected to be better while Mining stocks could remain generally better. Power, PSU stocks may remain subdued.
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above High level recorded upto 9.30am, long positions can be taken with Low level as stop loss and such positions may be closed by 12.30pm., After 1.15pm, if Nifty fut trades below Average Traded Price by about 10 points, short positions can be taken with stop loss of 10 points above Average Traded Price and such positions may be closed by 2.30 or be maintained with strict trailing stop loss.
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 5546 with resistance at 5563, 5580, 5605 and weak below 5520 with supports at 5490, 5460 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5505 and in Bearish zone below 5480 for Friday. Nifty fut. is expected to trade between 5575/ 5610 on the higher side and 5500 / 5460 on the Lower side.
Nifty went up smartly by 11.30 am and traded sideways with further bullish bias thereafter and closed near high for the day. Nifty appears to have taken support at the crucial level of about 5400 and would get into bullish zone once it closes above 5555. Feb 4th is an important Gann turn date for possible reversal around this Date.
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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