Astro Technical Guide for Thursday, 21.04.2011 ::
Astro Info:: Tithi :: Chaitra Bahula Chaturdhi; Day :: Thursday ; Nakshatra :: Jyeshta (Moon in Scorpio ) . Combination of Tithi and Day is generally inauspicious.
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 :: 10.45am; 12.00pm; 1.10; 2.35pm;
Likely Intraday Trend for 21.04.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain better till about 12pm and may become subdued from 12 to 1.15 and become highly volatile from 1.15 to 2.15 (huge movement) and again recover towards close of the day.
General rise in Communication, Power, Bank and Metal / Cement stocks are expected .
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above Open Price, Long positions may be taken with Low level as stop loss and such positions may be closed by about 12 pm., After 2pm, 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 about 2.15pm.,
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 5865 with resistance at 5900, 5930 and weak below 5840 with supports at 5805, 5775 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5820 and in Bearish zone below 5800 for Thursday . Under normal circumstances, Nifty spot is expected to trade between 5910/ 5930 on the higher side and 5795 / 5775 on the Lower side.
Market continued its upward journey and gained more than 100 points. If Nifty moves past 5900, it can make new high in the next week.
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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