ASTRO TECHNICAL GUIDE FOR NIFTY

for Monday, 29.02.2016 ::

Budget Proposals crucial for market
!!! 

Astro Info:: Tithi :: Magha Bahula Shashti (Upto 1.48pm)

Nakshatra ::  Visakha  (Moon in Libra)

Persons   born in     Aswini, Makha and Moola  constellations and Scorpio and Pisces  Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::10.55am,1.00 pm; 2.20pm,

Likely Intraday Trend for 29.02.2016::
On the basis of planetary position and aspects amongst planets, Market is expected to open generally steady   and remain crucial from 11 am to 1 pm and remain the way the budget proposals are considered by the market.

Astro Technical Trading Strategy for the day

After 11:00am,   if Nifty fut trades  below  the Open Price /ATP , Short  positions  can be taken with  High  level  as stop loss and such positions may be closed by about 1.00 pm.
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
Resistance around 7090, 7150 and Support  around  6970, 6910  for the day.

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 portionand astrological portion given above should be considered together and applied for taking proper trading decisions.

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