Midsession Better and Closing Subdued ….!!!

Astro Technical Guide for Friday, 29.04.2011 ::

Astro Info:: Tithi :: Chaitra Bahula Dwadasi; Day :: Friday ; Nakshatra :: Poorvabhadra and Pisces (Moon in Aquarius and Pisces) .

Persons born in Aswini, Makha and Moola constellations and Aries and Leo Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 10.55am; 1.45pm;

Likely Intraday Trend for 29.04.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain better in the first half of the day and remain generally subdued towards close of the day.
IT, Cement/ Mining stocks could remain volatile.

Astro Technical Trading Strategy for the day :: After 9.45am, 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 1.30pm. After 2pm, if Nifty fut trades below Average Traded Price by about 10 points, short positions can be taken with a stop loss of about 10 points above 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 5800 with resistance at 5830, 5860 and weak below 5775 with supports at 5740, 5710 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5810 and in Bearish zone below 5795 for Friday . Under normal circumstances, Nifty spot is expected to trade between 5840/ 5860 on the higher side and 5730 / 5710 on the Lower side.

Market traded with negative bias through out the day and closed below 5800 on the last day of F&O expiry. Market generally remained in a narrow range in April series and Market would come out of this congestion zone very soon and give a clear direction. (below 5700 or above 5925).

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