Volatile Movements with Recovery in Opening Session …Mid Session Subdued …. Recovery towards Close …... !!!

Astro Technical Guide for Tuesday, 29.03.2011 :: Astro Info:: Tithi :: Phalguna Bahula Ekadasi ; Day :: Tuesday ; Nakshatra :: Sravana (Moon in Capricorn ) . Persons born in Aswini, Makha and Moola constellations and Sagittarius and Aries zodiac signs are advised to be alert in their dealings. Sensitive / Trend change Timings for the day :: 9.50am;11.15am; 1.40pm; Likely Intraday Trend for 29.03.2011 :: On the basis of planetary position and aspects amongst planets, After Opening, Market is generally expected to remain better in the opening session , particularly from 9.50 to 10.45 and expected to become subdued 11.15am to 1.15pm and may again recover after 1.30pm. Power stocks may remain subdued while Steel, Cement stocks may remain better . Bank stocks also may recover in Second half of the day. Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above 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 11am. After 11.15am, if Nifty fut appears to be becoming weak / trades below Average Traded Price, short positions can be taken with suitable stop loss and such positions may be closed by 1.15pm.,(Intraday short positions are against short term trend hence need careful monitoring). 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 5700 with resistance at 5732, 5760 and weak below 5675 with supports at 5640, 5615 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5685 and in Bearish zone below 5670 for Tuesday . Under normal circumstances, Nifty spot is expected to trade between 5745/ 5760 on the higher side and 5630 / 5615 on the Lower side. Nifty traded in positive zone with Bullish bias and closed with a gain of about 30 points , straight 5th day of Gain. Nifty appears to have entered Medium term bullish zone having crossed most of the resistances and can go up further. Hence any retracement may be utilized for taking long positions. Stop loss for existing long positions may be maintained at 5550(on close basis). 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