Astro Technical Guide for Thursday, 05.05.2011 ::
Astro Info:: Tithi :: Vaisakha Sukla Vidiya; Day :: Thursday ; Nakshatra :: Rohini (Moon in Taurus ) .
Persons born in Punarvasu, Visakha and Poorvabhadra constellations and Gemini and Libra Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 9.55am; 11.00am; 1.15pm;
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 subdued till about 11 am and might significantly recover thereafter to again become subdued / weak after 1.15pm.
Mining / Cement stocks may remain better while Tech stocks may remain subdued.
Astro Technical Trading Strategy for the day :: After 11am, if Nifty futures trades above Average Traded Price by about 10 points, long positions can be taken with stop loss of 10 points below Average Traded Price and such positions may be closed by about 1 pm., (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 5545 with resistance at 5580, 5610 and weak below 5525 with supports at 5490, 5465 for the day ... Based on present market movement, Nifty spot would be in Bullishzone above 5550 and in Bearish zone below 5530 for Thursday . Under normal circumstances, Nifty spot is expected to trade between 5590/ 5610 on the higher side and 5480 / 5460 on the Lower side.
Nifty closed in the red for the 8th day in succession and technically in oversold zone suggesting a relief rally. Relief rally may be utilized to liquidate long positions / create trading short 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
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