First Half Subdued ….!!!

Astro Technical Guide for Tuesday, 10.05.2011 ::

Astro Info:: Tithi :: Vaisakha Sukla Sapthami ; Day :: Tuesday ; Nakshatra :: Pushyami upto 10.05am and Aslesha thereafter (Moon in Cancer ) .
Persons born in Krittika, Uttara and Uttarashadha constellations and Leo and Sagittarius Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 10.05am; 1.10pm; 3.05pm

Likely Intraday Trend for 10.05.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain Subdued for most part of the day with sensitive time between 12 and 1pm and may highly volatile movements (rise or fall ) from 1 to 3 pm.
Cement and Mining stocks may remain better in the Opening hour and PSU stocks may remain generally subdued.

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty futures trades below Low level recorded till then, Short positions can be taken with High level as stop loss and such positions may be closed by 1 pm 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 5561 with resistance around 5595, 5620 and weak below 5538 with supports around 5505, 5475 for the day. Based on present market movement, Nifty spot would be in Bullishzone above 5555 and in Bearish zone below 5535 for Monday . Under normal circumstances, Nifty spot is expected to trade between 5605/ 5625 on the higher side and 5495 / 5475 on the Lower side.

Nifty closed flat for the day amidst zigzag movements . Nifty would come out of short term bearishness if it closes above 5650.

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