Midsession Better…. Closing Subdued ….!!!

Astro Technical Guide for Wednesday, 04.05.2011 ::

Astro Info:: Tithi :: Vaisakha Sukla Padyami upto 2.00pm; Day :: Wednesday ; Nakshatra :: Krittika (Moon in Aries and Taurus ) .
Persons born in Aardra, Swathi and Sathabhisham constellations and Gemini and Libra Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 11am; 1.20pm; 2.30pm;

Likely Intraday Trend for 04.05.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain generally better for most part of the day and may become subdued towards close of the day.
Mining / Cement stocks may remain subdued towards close of the day.

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty futures trades above High level recorded till then, long positions can be taken with Low level as stop loss and such postions may be closed by about 2 pm. (Since intraday long positions are against the general short term trend of the market, high degree of caution is advised. )

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 5575 with resistance at 5610, 5640 and weak below 5555 with supports at 5520, 5495 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5645 and in Bearish zone below 5615 for Wednesday . Under normal circumstances, Nifty spot is expected to trade between 5620/ 5640 on the higher side and 5510 / 5490 on the Lower side.

Nifty closed in deep red following RBI’s Monetary policy where in more than expected rate hike was announced. Nifty fell for the 7th day in succession and is temporarily, oversold zone and also close to strong support zone of 5555. Hence, a relief rally can be expected and considering present technical setup, any rise may be utilized to liquidate long positions . Nifty, already in short term weakness, would get into Medium term bearish zone if it closes below 5500.

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