Volatile and Deceptive Movements ….!!!

Astro Technical Guide for Thursday, 28.04.2011 ::

Astro Info:: Tithi :: Chaitra Bahula Ekadasi; Day :: Thursday ; Nakshatra :: Sathabhisham upto 2.40 and Poorvabhadra thereafter (Moon in Aquarius) . Combination of Tithi and Day is generally favourable.
Persons born in Aslesha, Jyeshta and Revathi constellations and Pisces and Cancer Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 11.30am; 1.45pm; 2.40pm;

Likely Intraday Trend for 28.04.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain better in the Opening hour and remain generally volatile thereafter . Today’s market movements is expected to be deceptive or against the general trend and general trend would continue later.
Cement/ Mining stocks could remain subdued.

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 12.00pm. 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. As Highly volatile movements are expected , extra degree of caution is required.

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 5845 with resistance at 5880, 5910 and weak below 5820 with supports at 5790, 5760 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5865 and in Bearish zone below 5845 for Thursday . Under normal circumstances, Nifty spot is expected to trade between 5890/ 5910 on the higher side and 5780 / 5760 on the Lower side.

Market traded with negative bias through out the day and yesterday’s recovery from lower levels has not been followed up today. Market moved in a narrow range during entire April and a vicious breakout is to be expected soon. Being last day of F&O expiry, scrip specific movement is to be expected. Nifty would encounter resistance around 5900 and support around 5800 below which fall can accelerate.

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