Volatile Movements …... !!!

Astro Technical Guide for Thursday, 31.03.2011 :: Astro Info:: Tithi :: Phalguna Bahula Dwadasi till 12.40pm and Trayodasi thereafter ; Day :: Thursday ; Nakshatra :: Sathabhisham (Moon in Aquarius ) . Persons born in Aslesha, Jyeshta and Revathi constellations and Pisces and Cancer zodiac signs are advised to be alert in their dealings. Sensitive / Trend change Timings for the day :: 11.30am; 12..15pm; 1.20pm; Likely Intraday Trend for 31.03.2011 :: On the basis of planetary position and aspects amongst planets, After Opening, Market is generally expected to remain generally steady / better with general volatile movements after 1.30pm. Entertainment, FMCG stocks may fare better. Astro Technical Trading Strategy for the day :: After 1.30pm , 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., 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 5800 with resistance at 5835, 5865 and weak below 5775 with supports at 5740, 5715 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5785 and in Bearish zone below 5765 for Thursday . Under normal circumstances, Nifty spot is expected to trade between 5845/ 5865 on the higher side and 5730 / 5710 on the Lower side. Nifty traded in positive zone with Bullish bias and closed with a gain of about 50 points , straight 7th day of Gain, a rare happening. . Being last day of F&O expiry, market would be witnessing scrip specific movement with Bullish scrips becoming further bullish and vice versa. However, Market has gone up quite sharply in the last 7 days , a rise of nearly 400 points and is in over bought territory , technically and any meaningful correction is to be utilized for Buying . However, strong resistance is expected in this region of 5825 above which only it can move up further sharply. Stop loss for existing long positions may be maintained at 5550(on close basis) for Medium Term positions and 5675 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