Astro Technical Guide for Friday, 20.05.2011 ::
Astro Info:: Tithi :: Vaisakha Bahula Thadiya upto 10.20am and Chavithi thereafter ; Day :: Friday ; Nakshatra :: Moola upto 2.45 and Poorvashadha thereafter (Moon in Sagittarius) .
Persons born in Rohini, Hastha and Sravanam constellations and Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 10.55am; 12.15pm; 2.45pm;
Likely Intraday Trend for 20.05.2011:: (Pl. read the disclaimer given below)
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain relatively volatile inclined towards subdued trend with sensitive time between 12.15 to 1..15(inclined towards bullishness) and remain subdued thereafter with possible trend change after 2.45pm.
FMCG, Communication, Power stocks are expected to be generally better in the forenoon and Cement, Mining stocks are expected to be subdued.
Astro Technical Trading Strategy for the day :: After 1.00pm, 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 2.45pm or be continued with strict trailing stop loss.
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 5440 with resistance around 5475, 5500 and weak below 5420 with supports around 5385, 5360 for the day. Based on present market movement, Nifty spot would be in Bullishzone above 5440 and in Bearish zone below 5420 for Friday . Under normal circumstances, Nifty spot is expected to trade between 5485/ 5505 on the higher side and 5375 / 5355 on the Lower side.
Nifty traded in a narrow range and closed nearly flat with minor gain due to encouraging show by L&T. Nifty continues to remain bearish with major resistance at 5555 and support at 5350.
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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