Closing Subdued ….!!!

Astro Technical Guide for Tuesday, 03.05.2011 ::

Astro Info:: Tithi :: Chaitra Bahula Amavasya upto 12.20pm and Vaisakha Sukla Padyami thereafter ; Day :: Tuesday ; Nakshatra :: Bharani (Moon in Aries) .
Persons born in Mrigasira, Chitta and Dhanishta constellations and Taurus and Virgo Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 9.50am; 11.10am; 12.20pm;1.20pm;

Likely Intraday Trend for 03.05.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain sideways / better and may remain better in the midsession but become subdued / bearish after 1.30pm.
PSU stocks are expected to be better in the forenoon session.

Astro Technical Trading Strategy for the day :: After 1.30pm, 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 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 is expected to be bullish above 5715 with resistance at 5745, 5775 and weak below 5690 with supports at 5655, 5625 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5730 and in Bearish zone below 5710 for Tuesday . Under normal circumstances, Nifty spot is expected to trade between 5755/ 5775 on the higher side and 5645 / 5625 on the Lower side.

Market generally traded with negative bias through out the day and closed with a loss of about 50 points , six straight negative day in a row. Bank stocks were quite weak ahead of RBI Credit policy. Nifty is on the verge of breakdown from the narrow range of last month and it is to be seen whether Credit policy would save the market or not ?

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