Volatile Movements …. Closing Time Crucial... !!!

Astro Technical Guide for Tuesday, 05.04.2011 :: Astro Info:: Tithi :: Chaitra Sukla Vidiya ; Day :: Tuesday ; Nakshatra :: Aswini (Moon in Aries) . Day and Nakshatra Combination is Bullish…. Persons born in Rohini, Hastha and Sravana constellations and Taurus and Virgo zodiac signs are advised to be alert in their dealings. Sensitive / Trend change Timings for the day :: 9.55am; 11am; 12.50pm; 1.20pm; 2.00pm; 3.10pm; Likely Intraday Trend for 05.04.2011 :: On the basis of planetary position and aspects amongst planets, After Opening, Market is generally expected to remain volatile with out clear trend and may give a clear direction towards close of the day (last 30 minutes, which time is sensitive / crucial). 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 en dof the day. (In view of the likely uncertain trend, constant trailing of stop loss is advised. ) 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 5920 with resistance at 5955, 5985 and weak below 5895 with supports at 5880, 5860, 5830 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5885 and in Bearish zone below 5865 for Tuesday . Under normal circumstances, Nifty spot is expected to trade between 5965/ 5985 on the higher side and 5850 / 5830 on the Lower side. After subdued trend in the initial hours, Nifty went up sharply after 12 pm and closed near day high with a gain of about 80 points, a gain of nearly 550 in the last 9 trading sessions. Nifty appears to be nearing the target of about 6000 from where a reasonable retracement can be expected. Hence, short term Investors / traders are advised to be cautious around 6000 levels . Fresh long positions may be avoided around 6000 (unless the level is taken out effortlessly) and trailing stop loss of about 5800 may be maintained for existing long positions. 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