Closing Subdued / Weak ….!!!

Astro Technical Guide for Friday, 18.03.2011 ::

Astro Info::
Tithi :: Phalguna Sukla Trayodasi ;
Day :: Friday ;
Nakshatra :: Makha upto 2 pm and Pubba thereafter (Moon in Leo ) .
Persons born in Rohini, Hastha and Sravana constellations and Virgo and Capricorn zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day : :12.15pm; 2.00pm;

Likely Intraday Trend for 18.03.2011 ::
On the basis of planetary position and aspects amongst planets, After Opening, Market is generally expected to generally remain subdued and generally remain so and may close also subdued / weak for the day. Opening gains, if any , will slowly evaporate as the day progresses and might get into negative territory.

Astro Technical Trading Strategy for the day :: After 10.00am, if Nifty fut trades below Open Price and Average Traded Price , short positions can be taken with Day’s High level as stop loss and such positions may be closed by end of the day. (Stop loss may be trailed after 2pm to protect profits.)

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 is expected to be bullish above 5465 with resistance at 5500, 5525 and weak below 5445 with supports at 5425, 5410 and 5385 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5500 and in Bearish zone below 5480 for Friday . Nifty is expected to trade between 5510/ 5530 on the higher side and 5400 / 5380 on the Lower side.

Nifty recovered opening losses before noon but became nervous after RBI credit policy ( despite no surprises) and slowly fell to close near 5450 with a loss of about 60 points (due to FII selling). Nifty continues to experience see – saw movements with One day positive and next day negative closing. Nifty needs to close above 5555 (continuously atleast for Two days) or below 5400 to seek a clear direction .
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..
Stay Disciplined for Prosperous Trading and Investing..
Dr B Amaranatha Sastry