Second Half Subdued / Weak….!!!

Astro Technical Guide for Friday, 18.02.2011 ::

Astro Info::
Tithi :: Magha Sukla Pournima ;
Day ::Friday;
Nakshatra :: Makha
Persons born in Rohini, Hastha and Sravana and in Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Around Pournima Tithi , Market usually finds Top for the season (fortnight).

Sensitive / Trend change Timings for the day : 10.00am; 10.55am; 2.10pm;

Likely Intraday Trend for 18.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain better in the morning with bullish bias from 10am to 10.50am and slowly become subdued / weak in the afternoon session.
PSU stocks are expected to be subdued while Tech stocks could be 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 11.00am . 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. (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 5560 with resistance at 5580, 5595, 5625 and weak below 5535 with supports at 5505, 5475, 5450 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5515 and in Bearish zone below 5495 for Friday . Nifty fut. is expected to trade between 5590/ 5605 on the higher side and 5490 / 5475 on the Lower side.

After subdued movement in the initial hour, market recovered smartly to close near very important resistance level of 5555. Strong resistance is seen at the current level (between 5550 and 5650) Long positions may be partially liquidated at these levels and Stop loss for the remaining positions may be maintained at 5450 ( on close basis). High degree of caution is advised at current level and fresh long positions (without stop loss) may be avoided .
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 .
only with stop loss..
Prosperous Trading..
Dr B Amaranatha Sastry