Astro Technical Guide for Wednesday, 18.05.2011 ::
Astro Info:: Tithi :: Vaisakha Bahula Padyami ; Day :: Wednesday ; Nakshatra :: Anuradha (Moon in Scorpio) .
Persons born in Bharani, Pubba and Poorvashadha constellations and Sagittarius and Aries Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 11.05am; 12.25pm; 2.30pm;
Likely Intraday Trend for 18.05.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain relatively better (with sensitive time between 10.25am to 11.25am) in the forenoon session and may become subdued in second half of the day, particularly towards close of the day. Power, Oil stocks are expected to be subdued.
Astro Technical Trading Strategy for the day :: After 1.00pm, 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 5455 with resistance around 5485, 5510 and weak below 5430 with supports around 5400, 5370 for the day. Based on present market movement, Nifty spot would be in Bullishzone above 5485 and in Bearish zone below 5465 for Wednesday . Under normal circumstances, Nifty spot is expected to trade between 5495/ 5515 on the higher side and 5385 / 5365 on the Lower side.
Nifty fell sharply in second half of the day following disappointing results by Bank Major State Bank and lost more than 50points and closed below 5450. Nifty continues to remain bearish with major resistance at 5555 and support at 5350. A relief rally may be expected in the forenoon session and any significant recovery should be utilized to unwind trading long positions. Major fall in quality scrips may be utilized to invest for long term.
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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment