Generally Better …. High Degree of Caution at Higher Levels .. !!!

Astro Technical Guide for Thursday, 07.04.2011 :: Astro Info:: Tithi :: Chaitra Sukla Chavithi ; Day :: Thursday ; Nakshatra :: Kritiika (Moon in Taurus) . Tithi and Day combination is generally not auspicious. Persons born in Aardra, Swathi and Sathabhisham constellations and Gemini and Libra zodiac signs are advised to be alert in their dealings. Sensitive / Trend change Timings for the day :: 11.40am; 3.00pm; Likely Intraday Trend for 07.04.2011 :: On the basis of planetary position and aspects amongst planets, After Opening, Market is generally expected to remain better (either from Opening or from 9.30am) and generally remain better with occasional sudden falls at times and may fall towards last 30 minutes. Cement and Oil stocks may remain subdued. Astro Technical Trading Strategy for the day :: After 9.30am , if Nifty fut trades above High Level recorded till then, long positions may be taken with Low level as stop loss and such positions may be closed by about 2.45pm., (Any sudden fall may be utilized for Buying and frequent profit booking on good rise is suggested). 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 5905 with resistance at 5940, 5970 and weak below 5880 with supports at 5845, 5815 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5915 and in Bearish zone below 5895 for Thursday . Under normal circumstances, Nifty spot is expected to trade between 5950/ 5970 on the higher side and 5835 / 5815 on the Lower side. After initial rise upto 10am, Nifty fell sharply till 11am to records Day’s low level and traded side ways thereafter to close below 5900 with nominal loss of 18 points, the only double digit loss points in the last 13 trading sessions. While Nifty can be expected to achieve the target of about 6000 , stop loss may be maintained at 5825 (on close basis). Since target is nearly achieved, fresh long positions may be avoided. 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