Volatile Movements with Recovery in Midsession ..Closing Subdued….. !!!

Astro Technical Guide for Wednesday, 30.03.2011 :: Astro Info:: Tithi :: Phalguna Bahula Ekadasi till 10.20am and Dwadasi thereafter ; Day :: Wednesday ; Nakshatra :: Dhanishta (Moon in Capricorn ) . Persons born in Bharani, Pubba and Poorvashadha constellations and Aquarius and Gemini zodiac signs are advised to be alert in their dealings. Sensitive / Trend change Timings for the day :: 10.40am; 11.45am; 2..15pm; Likely Intraday Trend for 30.03.2011 :: On the basis of planetary position and aspects amongst planets, After Opening, Market is generally expected to remain subdued till about 10.45am and may recover thereafter (sensitive time being 10.40 to 11.40) and again may become subdued towards close of the day. (Last hour). Communication and Tech stocks may remain better. Astro Technical Trading Strategy for the day :: After 10.45am , if Nifty fut trades above Average Traded Price by about 10 points, long positions may be taken with stop loss of 10 points below Average Traded Price and such positions may be closed by about 1.30pm., After 2.15pm, if Nifty fut trades below Average Traded Price by about 10 points, short positions can be taken with stop loss of about 10 points above Average Traded Price and such positions may be closed by end of the day. (Intraday short positions are against short term trend hence need careful monitoring). 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 5750 with resistance at 5785, 5810 and weak below 5725 with supports at 5690, 5665 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5735 and in Bearish zone below 5715 for Wednesday . Under normal circumstances, Nifty spot is expected to trade between 5790/ 5810 on the higher side and 5680 / 5660 on the Lower side. Nifty traded in positive zone with Bullish bias and closed with a gain of about 40 points , straight 6th day of Gain. Being penultimate day of F&O expiry, market would be moving towards scrip specific movement. Any fall is to be utilized for buying as short covering Bears would come on the last day of F&O expiry. Stop loss for existing long positions may be maintained at 5550(on close basis) for Medium Term positions and 5640 may be maintained for Short Term positions. . 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