Astro Info :: Moon posited in Uttarabhadra constellation ruled by Saturn and Saturn positied in Leo in Pubba star ruled by Venus in the sub of Jupiter.
Market Outlook :: Market expected to open steady and generally remain steady / subdued to become weak after 2.20pm.. In view of the recent euphoria, huge volatility and intraday swings can be expected…
Trading Strategy for the day :: If market trades below day’s weighted average in the afternoon, short positions can be taken with day high / day’s average traded price plus some points (as filter) and short positions can be closed by end of the day..
Outlook for 21.5.09::Market expected to open subdued and remain better from 12.00pm and remain volatile after 2.00pm..
Market is generally bullish and hence any sharp fall may be utilized to cover any short positions and risky traders can bet on buying 4000 / 4100 puts for getting quick returns..
Technical Levels :: Nifty futures bullish above 4325 with resistance around 4350,4372,4406 and 4462 and bearish below 4308 with supports around 4281,4260,4225 and 4169 for the day…
Happy trading ...
Dr. B Amarnath Sastry
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