Midsession Subdued .. Recovery towards Close….!!!

Astro Technical Guide for Thursday, 24.03.2011 ::

Astro Info:: Tithi :: Phalguna Bahula Shashti ; Day :: Thursday ; Nakshatra :: Anuradha (Moon in Scorpio ) .
Persons born in Bharani, Pubba and Poorvashadha constellations and Sagittarius and Aries zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::9.25am;10.45am; 2.00pm;

Likely Intraday Trend for 24.03.2011 ::
On the basis of planetary position and aspects amongst planets, After Opening, Market is generally expected to remain subdued from 9.35am and may generally recover towards close of the day. Time between 2 and 3 is sensitive
Communication and Tech stocks may remain subdued while Bank stocks may recover towards close of the day.

Astro Technical Trading Strategy for the day :: After 9.45am, if Nifty fut breaches day Low level recorded till then, short positions may be taken with High level as stop loss and such positions may be closed by about 1 pm., After 2 pm, if Nifty fut trades above Average Traded Price by about 10 points, long positions can be taken with a stop loss of about 10 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 spot is expected to be bullish above 5490 with resistance at 5507, 5525 and 5550 and weak below 5470 with supports at 5452, 5435 and 5410 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5460 and in Bearish zone below 5440 for Thursday . Nifty is expected to trade between 5535/ 5555 on the higher side and 5425 / 5405 on the Lower side.

Nifty went up steeply in the Opening hour and traded sideways with bullish bias thereafter and closed at the highest level for the day with a gain of about 60 points. Nifty is once again getting close to strong resistance level of 5555 which may not be crossed with ease and Nifty becomes weak only when it closes below 5350. Hence high degree of caution is advised at higher levels.

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