Midsession Subdued …. .. !!!

Astro Technical Guide for Wednesday, 13.04.2011 :: Astro Info:: Tithi :: Chaitra Sukla Dasami ; Day :: Wednesday ; Nakshatra :: Aslesha (Moon in Cancer) . Persons born in Krittika, Uttara and Uttarashadha constellations and Leo and Sagittarius zodiac signs are advised to be alert in their dealings. Sensitive / Trend change Timings for the day :: 9.25am; 12.25pm; 1.40am; 3.05pm; Likely Intraday Trend for 13.04.2011 :: On the basis of planetary position and aspects amongst planets, After Opening, Market is generally expected to remain better and remain generally subdued from 12.40 to 2.40 and may recover thereafter. (1,40 to 2.40 is sensitive / crucial ). FMCG / Entertainment stocks may remain subdued while Communication / Bank stocks may remain better. Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty futures trades above Open Level, Long positions can be taken with Low level as stop loss and such positions may be closed between 12 and 12.3pm., (Intraday long positions are against Short term trend and hence need to be closely monitored). After 12.30pm , 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 about 2.30pm., 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 5795 with resistance at 5830, 5860 and weak below 5770 with supports at 5735, 5710 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5810 and in Bearish zone below 5795 for Wednesday . Under normal circumstances, Nifty spot is expected to trade between 5840/ 5860 on the higher side and 5730 / 5710 on the Lower side. Nifty traded in the negative zone throughout the day in a narrow range and closed below 5800 signalling confirmed short term weakness. Current week is generally bearish as long as it trades below 5850 and market is expected to have zigzag movements and any rise upto 5850 may be utilized to take short positions with 5900 as stop loss (on close basis). 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