Midsession Better .... Closing Subdued ….!!!

Astro Technical Guide for Tuesday, 19.04.2011 ::

Astro Info:: Tithi :: Chaitra Bahula Vidiya; Day :: Tuesday ; Nakshatra :: Swathi upto 10.10am; Visakha thereafter (Moon in Libra) .
Persons born in Aswini, Makha and Moola constellations and Scorpio and Pisces zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 10.10am; 11.20am; 12.05pm; 2.15pm;

Likely Intraday Trend for 19.04.2011::
On the basis of planetary position and aspects amongst planets, After Opening (subdued / weak), Market is generally expected to remain steady with recovery in midsession particularly after 11.20am (11.20 to 12.20 sensitive / crucial) and may become subdued towards close of the day.
Due to Mars and Mercury conjunction this day, market can form a temporary bottom also.
Tech stocks are expected to be subdued.

Astro Technical Trading Strategy for the day :: After 11.30am, if Nifty fut trades above Average Traded Price by about 10 points, Long positions may be taken with a stop loss of about 10 points below Average Traded Price and such positions may be closed by 1.30pm. (Intraday long positions are against the short term trend and need to closely monitored). After 2 pm, if Nifty fut trades below Average Traded Price by about 10 points, short positions can be taken with a stop loss of 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 5740 with resistance at 5775, 5805 and weak below 5718 with supports at 5685, 56545 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5845 and in Bearish zone below 5800 for Tuesday . Under normal circumstances, Nifty spot is expected to trade between 5785/ 5805 on the higher side and 5675 / 5655 on the Lower side.

After smart rise in the First hour , market fell sharply after 11 am to break previous week’s low and also closed below last week’s low signifying further weakness. There is a strong support in the region of 5665 and if it closes below this level, it can also fall sharply, technically. Astrologically, it might form a temporary bottom this week (on Tuesday or Wednesday) to recover once again. However, Nifty would get into Bullish zone for this month only when it closes above 5900.

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