Astro Technical Guide for Thursday, 12.05.2011 ::
Astro Info:: Tithi :: Vaisakha Sukla Navami till 11am and Dasami thereafter ; Day :: Thursday ; Nakshatra :: Pubba (Moon in Leo ) .
Persons born in Mrigasira, Chitta and Dhanishta constellations and Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 11am; 12.35pm; 1.35pm;
Likely Intraday Trend for 12.05.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain relative better in the forenoon / midsession and become subdued in second half of the day , particularly close of the day.
Time from 1.45 to 2.45pm is sensitive for the day.
Communication, FMCG, Bank stocks are generally expected to be subdued.
Astro Technical Trading Strategy for the day :: After 2pm, if Nifty futures 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 would be bullish above 5575 with resistance around 5605, 5630 and weak below 5550 with supports around 5520, 5495 for the day. Based on present market movement, Nifty spot would be in Bullishzone above 5555 and in Bearish zone below 5540 for Thursday . Under normal circumstances, Nifty spot is expected to trade between 5615/ 5625 on the higher side and 5505 / 5485 on the Lower side.
Nifty moved in a narrow range and closed with a gain of about 20 points. Market appears to be waiting for triggers by way of political developments or Oil Price hike decision etc., to take further direction. If Nifty closes above 5600, it would come out of short term bearishness with resistance at 5700 . On the other hand, if it closes below 5500, fresh bout of selling / down trigger can take the Index to less than 5400 in a short span of time.
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
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