ASTRO TECHNICAL GUIDE FOR NIFTY

for Wednes day, 24.02.2016 ::

Forenoon Better… !

Astro Info

Tithi :: Magha Bahula Vidiya

Nakshatra ::  Uttara   (Moon in  Leo)

Persons   born in    Aardra, Swathi and Sathabhisham   constellations and Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day ::1.40pm, 3.20pm

Likely Intraday Trend for 24.02.2016::
On the basis of planetary position and aspects amongst planets, Market is expected to open generally better and remain so till about 1.30pm and could resort to profit booking thereafter.

Astro Technical Trading Strategy

After 9.30am,   if Nifty fut trades  above the Open Price, long positions  can be taken with  Low level  as stop loss and such positions may be closed by about 1.15 / 1.30pm.,  After 2pm, Short positions can be taken (if it trading below the ATP) with Stop loss of about 20 points) and 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

Resistance around 7170, 7230 and Support  around  7050, 6990

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.