Astro Technical Guide for Friday, 25.03.2011 ::
Astro Info:: Tithi :: Phalguna Bahula Sapthami ; Day :: Friday ; Nakshatra :: Jyeshta (Moon in Scorpio ) .
Persons born in Krittika, Uttara and Uttarashadha constellations and Sagittarius and Aries zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 9.30am;1.40pm; 2.30pm;
Likely Intraday Trend for 25.03.2011 ::
On the basis of planetary position and aspects amongst planets, After Opening, Market is generally expected to recover from 9.30am and remain generally better till about 1.30pm and may become subdued thereafter with sensitive time after 3 pm.
Communication stock may remain better while Power stocks may remain better.
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades high level recorded upto 9.30am, long positions may be taken with Low level as stop loss and such positions may be closed by about 1 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 spot is expected to be bullish above 5535 with resistance at 5550, 5565 and 5595 and weak below 5510 with supports at 5495, 5475 and 5450 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5520 and in Bearish zone below 5510 for Friday . Nifty spot is expected to trade between 5575/ 5595 on the higher side and 5465 / 5450 on the Lower side.
After mild Gap up Opening, Nifty traded in a very narrow range through out the day and close near day high level with a gain of about 40 points, posting 3rd straight gain in a row. Market appears to have greeted Investment Guru Warren Buffet’s visit to India. However, Nifty is close to Strong resistance zone and might face resistance between 5500 and 5600 and Strong support exists at 5400.
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
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