Astro Technical Guide for Friday, 04.03.2011 ::
Astro Info::
Tithi :: Magha Bahula Amavasya ;
Day :: Friday ;
Nakshatra :: Sathabhisham (Moon in Aquarius ) . Market usually gets depressed around Amavasya Thithi .
Persons born in Aardra, Swathi and Sathabhisham and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : 11.20am; 1.20pm;
Likely Intraday Trend for 04.03.2011 ::
On the basis of planetary position and aspects amongst planets, Market is generally expected to remain subdued in the First half of the day(after opening) and may remain better in later half particularly from 1.20pm.,
PSU stocks are expected to be generally better.
Astro Technical Trading Strategy for the day :: After 1.30pm, if Nifty trades above Average Traded Price, long positions can be taken with a stop loss of about 15 points below 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 5560with resistance at 5580, 5595 and 5625 and weak below 5540 with supports at 5520, 5505 and 5475 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5550 and in Bearish zone below 5525 for Friday . Nifty is expected to trade between 5605/ 5625 on the higher side and 5475 / 5460 on the Lower side.
Market experienced highly volatile movements during the day with in a range of 120 points and closed nearly flat for the day. Nifty is bullish in the short term and expected to face strong resistance in the region of 5600 /5650 and becomes bullish for the medium term only when it closes above 5700. Stop loss for the existing positions may be maintained at 5375 .
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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