Astro Technical Guide for Wednesday, 02.02.2011 ::
Astro Info:: Moon transits in Uttarashadha ruled by Sun upto 12.40pm and in Sravana ruled by Moon thereafter and persons born in Aardra, Swathi and Sathabhisham in the forenoon and those born in Punarvasu, Visakha and Poorvabhadra in the afternoon and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 9.30am; 12.40pm; 2.20pm;
Likely Intraday Trend for 02.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain better in the forenoon session (from 9.30 to 12.30) and again from 1.30 to 2.20 and may become weak thereafter towards close of the day.
Power, PSU stocks may remain better.
Astro Technical Trading Strategy for the day :: After 9.30am, 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 12.30pm or be continued with strict trailing stop loss till about 2.30 ( as closing time after 2.45 is expected to be subdued / weak).
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 5430 with resistance at 5447, 5463 and 5490 and weak below 5410 with supports at 5392, 5376 and 5350 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5490 and in Bearish zone below 5460 for Wednesday. Nifty fut. is expected to trade between 5460/ 5495 on the higher side and 5385 / 5345 on the Lower side.
Nifty fell sharply in the opening session and after sideways movements till afternoon , once again fell to close with a loss of about 100 points close to 5400. This is the last major support area (between 5350 and 5400) and Nifty gets into stable mode only above 5555.
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..
Happy Trading..
Dr B Amaranatha Sastry
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment