Astro Technical Guide for Wednesday, 11.05.2011 ::
Astro Info:: Tithi :: Vaisakha Sukla Ashtami ; Day :: Wednesday ; Nakshatra :: Makha (Moon in Leo ) .
Persons born in Rohini, Hastha and Sravana constellations and Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: 10.20am; 2.10pm;
Likely Intraday Trend for 11.05.2011::
On the basis of planetary position and aspects amongst planets, After Opening , Market is generally expected to remain generally Subdued in the opening hour and remain better thereafter and to experience volatile movements in the second half of the day.
Communication, FMCG, Bank , Power stocks are expected to generally remain better in the forenoon and Cement/ Mining stocks may remain subdued .
Astro Technical Trading Strategy for the day :: After 1.30pm, 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 5551 with resistance around 5585, 5610 and weak below 5530 with supports around 5495, 5470 for the day. Based on present market movement, Nifty spot would be in Bullishzone above 5560 and in Bearish zone below 5540 for Wednesday . Under normal circumstances, Nifty spot is expected to trade between 5595/ 5605 on the higher side and 5485 / 5465 on the Lower side.
Nifty closed flat for the day amidst zigzag movements . Nifty would come out of short term bearishness if it closes above 5625. Petro Price hike decision by EGOM would influence the course of market movement.
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