Astro Technical Guide for Thursday, 10.02.2011 ::
Astro Info:: Moon transits in Bharani ruled by Venus and persons born in Mrigasira, Chitta and Dhanishta and in Taurus and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 10.35am; 11.40am; 2.10pm;
Likely Intraday Trend for 10.02.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain volatile with subdued / weak time till about 10.35am and may recover thereafter till about 12.15pm and may become volatile with see saw movements with subdued closing session better from 10.40 to 12.30 and remain generally subdued thereafter.
Communication stocks are expected to be subdued.
Astro Technical Trading Strategy for the day :: After 10.30am, if market appears to be trading better (above Average Traded Price), long positions can be taken with Low level as stop loss and such positions may be closed by about 12.15pm., (Intraday long positions are against the major trend and hence need close attention )
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.
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 5280 with resistance at 5312, 5338, 5360 and weak below 5255 with supports at 5227, 5200, 5175 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5300 and in Bearish zone below 5275 for Thursday . Nifty fut. is expected to trade between 5310/ 5345 on the higher side and 5230 / 5200 on the Lower side.
Nifty experienced highly volatile intraday movements with bearish bias and has taken support around 5225 level, which is a significant support level. 5200 – 5225 is a very important support zone which may not be breached at the first instance. High risk traders / investors can attempt long positions for short term with strict stop loss of close below 5200. However, Nifty continues to remain in bear grip and would come out the same if it closes above 5450.
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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