Volatile Movements ….!!!

Astro Technical Guide for Thursday, 19.05.2011 ::

Astro Info:: Tithi :: Vaisakha Bahula Vidiya ; Day :: Thursday ; Nakshatra :: Jyeshta (Moon in Scorpio) .
Persons born in Krittika, Uttara and Uttarashadha constellations and Sagittarius and Aries Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 11.20am; 12.20pm; 2.30pm;

Likely Intraday Trend for 19.05.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain relatively better in the opening hour and may remain subdued thereafter (with sensitive time between 11.20am to 12.20pm) and may again recover after 1.00pm.,
Power stocks may remain subdued and Bank stocks may have relief rally.

Astro Technical Trading Strategy for the day :: After 1.00pm, if Nifty futures trades above Average Traded Price by about 10 points, long positions can be taken with a stop loss of 10 points below Average Traded Price and such positions may be closed by end of the day. (Intraday long positions are against the short term trend and need to be closely monitored)

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 5435 with resistance around 5470, 5495 and weak below 5415 with supports around 5380, 5355 for the day. Based on present market movement, Nifty spot would be in Bullishzone above 5440 and in Bearish zone below 5420 for Thursday . Under normal circumstances, Nifty spot is expected to trade between 5480/ 5500 on the higher side and 5370 / 5350 on the Lower side.

Nifty traded in a narrow range with negative bias and closed with a loss of 20 points. Nifty continues to remain bearish with major resistance at 5555 and support at 5350.

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