Midsession Better .. ….!!!

Astro Technical Guide for Wednesday, 23.03.2011 ::

Astro Info:: Tithi :: Phalguna Bahula Chaturdhi upto 9.45am and PAnchami thereafter ; Day :: Wednesday ; Nakshatra :: Visakha (Moon in Libra ) .
Persons born in Aswini, Makha and Moola constellations and Virgo and Scorpio and Pisces zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::9.30am; 10.30am; 1.05pm; 2.05pm;

Likely Intraday Trend for 23.03.2011 ::
On the basis of planetary position and aspects amongst planets, After Opening, Market is generally expected to recover from 9.40am and may generally remain better and may go sideways in the afternoon. Time between 1 and 2 is sensitive
FMCG/ Entertainment may remain volatile; Power stocks expected to be better.

Astro Technical Trading Strategy for the day :: After 9.45am, if Nifty fut crosses day high level recorded till then, long positions may be taken with Low level as stop loss and such positions may be closed by about 12 pm., After 2 pm, if Nifty fut trades below Average Traded Price by about 10 points, short positions can be taken with a stop loss of about 10 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 is expected to be bullish above 5430 with resistance at 5450, 5470 and 5490 and weak below 5410 with supports at 5390, 5370 and 5345 for the day ... Based on present market movement, Nifty would be in Bullishzone above 5425 and in Bearish zone below 54050 for Wednesday . Nifty is expected to trade between 5480/ 5500 on the higher side and 5360 / 5340 on the Lower side.

Nifty traded in a narrow range with bullish bias and closed above 5400 mark for the day. While, Nifty is generally bearish, strong support exists in the region of 5300 and is also expected to face strong resistance around 5500.

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.

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