Astro Technical Guide for Friday, 06.05.2011 ::
Astro Info:: Tithi :: Vaisakha Sukla Thadiya; Day :: Friday ; Nakshatra :: Mrigasira (Moon in Taurus ) .
Persons born in Pushyami, Anuradha and Uttarabhadra constellations and Gemini and Libra Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 10.55am; 1.15pm;
Likely Intraday Trend for 06.05.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain better till about 1.30pm and may become subdued / weak towards close of the day.
Communication and FMCG stocks are expected to be generally better.
Astro Technical Trading Strategy for the day :: After 9.45am, if Nifty futures trades above High Price recorded upto 9.30am, long positions can be taken with stop loss of Low Level recorded till then, and such positions may be closed by 1.00pm., (Since intraday long positions are against the general short term trend of the market, high degree of caution is advised. )
After 2 pm, if Nifty futures trades below Average Traded Price by about 10 points, Short Positions can be taken with stop loss of 10 points above Averag 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 5475 with resistance at 5505, 5530 and weak below 5445 with supports at 5415, 5390 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5500 and in Bearish zone below 5475 for Friday . Under normal circumstances, Nifty spot is expected to trade between 5515/ 5535 on the higher side and 5405 / 5385 on the Lower side.
Nifty closed in the red for the 9th day in succession and technically in oversold zone suggesting a relief rally(on close or intraday pullback). Relief rally may be utilized to liquidate long positions / create trading short positions. Nifty,having closed below 5550, is into Medium Term Bearish zone and Medium Term long positions may be avoided for the time being .
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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