Opening Session Sensitive (Bullish Bias)… Volatile Movements….!!!

Astro Technical Guide for Thursday, 17.02.2011 ::

Astro Info::
Tithi :: Magha Sukla Chaturdasi;
Day :: Thursday ;
Nakshatra :: Aslesha
Persons born in Krittika, Uttara and Uttarashadha and in Leo and Sagittarius Zodiac signs are advised to be alert in their dealings. Tithi and Day combination does not seem to be favourable for the market.

Sensitive / Trend change Timings for the day : 9.25am; 10.10am; 11.50am; 1.35pm;

Likely Intraday Trend for 17.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain better in the morning with bullish bias rom 9.25 to 10.10am; Market expected to be highly volatile with no clear direction with trend change time at 11.50am and at 1.50pm;
Tech, Fmcg, Entertainment stocks expected to be subdued; Cement , Steel better;

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty trades above High recorded upto 9.30am; long positions can be taken with Low level as stop loss and such positions may be closed by about 10.15am or be maintained with strict trailing stop loss at entry level. After 2.00pm 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 5505 with resistance at 5535, 5560 and weak below 5479 with supports at 5445, 5420 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5490 and in Bearish zone below 5475 for Thursday . Nifty fut. is expected to trade between 5530/ 5560 on the higher side and 5450 / 5420 on the Lower side.

After Three days of smart rise, market went into consolidation mode with very low intraday range and closed flat for the day. Strong resistance is seen around 5550 - 5600 level ( at which level long positions may be liquidated partially), while strong support exists at 5350. Stop loss for the existing long positions may be maintained at 5350/ 5400.

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