Astro Technical Guide for Thursday, 24.02.2011
Astro Info:: Tithi :: Magha Bahula Sapthami ; Day :: Thursday ; Nakshatra :: Visakha upto 1.30pm and Anuradha thereafter (Moon in Scorpio Sign)
Persons born in Aswini, Makha and Moola and in Sagittarius and Aries Zodiac signs are advised to be alert in their dealings. Combination of Day and Nakshatra and Tithi generally favourable.
Sensitive / Trend change Timings for the day : 9.50am; 1.30pm;
Likely Intraday Trend for 24.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain subdued in the opening session and may recover in midsession and remain volatile towards close of the day.
Tech, Fmcg better and Power, Oil 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 11.30am; After 2 pm, if Nifty 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 fut. is expected to be bullish above 5450with resistance at 5485, 5510 and weak below 5427 with supports at 5395, 5370 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5475 and in Bearish zone below 5455 for Thursday . Nifty fut. is expected to trade between 5495/ 5515 on the higher side and 5385 / 5365 on the Lower side.
5520 on the upper side and 5410 on the lower side are very important .
Market remained in a narrow range for most part of the day and after making a new intraday high around 2 pm, fell sharply and closed nearer to day low with a loss of about 40 points. Ahead of Union Budget, market seems to have gone into indecisive mood and next couple of days are quite eventful with F&O expiry, opening of new f&o series and Union Finance Budget. Strong Resistance is seen at 5520 and 5600 and Strong support close to 5400, which when broken would signal fresh downtrend. High degree of caution is advised in view of the above stated events. In view of the last day of F&o, scrip specific movement is most likely.
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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