First Half Better…. Second Half Subdued ….!!!

Astro Technical Guide for Tuesday, 17.05.2011 ::

Astro Info:: Tithi :: Vaisakha Sukla Poornima ; Day :: Tuesday ; Nakshatra :: Visakha a (Moon in Libra and Scorpio) . Combination of Day and Tithi is inauspicious.
Persons born in Aswini, Makha and Moola constellations and Scorpio , Sagittarius, Pisces and Aries Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 10.25am; 1.00pm; 2.35pm;

Likely Intraday Trend for 17.05.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain relatively better (with sensitive Opening hour) and expected to become subdued in second half of the day and particularly last hour.
PSU, Bank, Oil stocks are expected to remain subdued.


Astro Technical Trading Strategy for the day :: After 12.30pm, 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 5510 with resistance around 5540, 5570 and weak below 5489 with supports around 5455, 5430 for the day. Based on present market movement, Nifty spot would be in Bullishzone above 5515 and in Bearish zone below 5500 for Tuesday . Under normal circumstances, Nifty spot is expected to trade between 5555/ 5575 on the higher side and 5445 / 5425 on the Lower side.

Nifty , after opening in the negative territory, continued its downward journey with narrow intraday movements and closed just below 5500 with a loss of about 50 points. Nifty continues to remain in bearish mode with strong reversal point to bullish mode above 5610 and strong support at 5435.

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