Astro Info :: Moon posited in Mrigasira and Aardra ruled by Mars and Rahu respectively
Market Outlook for 26.5.09 :: Market expected to open steady / better and become subdued / weak from 12.00pm and become volatile inclined towards bearishness from 2.00pm., All in all , First half could be better than Second half.
Trading Strategy for the day (26.5.09) :: Long positions may be initiated in the opening with low index in the first half an hour as stop loss and to liquidate the position by about 12.00pm and depending on the trend , short position can be taken with day’s high as stop loss and to close by 1.45pm or be continued with trailing stop loss
Advance Outlook for 22.5.09::Market expected to open steady and remain better from 12.00pm to 2.00pm and become subdued / weak thereafter.
(This is intended for taking overnight positions)
Technical Levels for 26.5.09:: Nifty futures bullish above 4241 with resistance around 4267, 4289, 4322and 4378 and bearish below 4224 with supports around 4199, 4177, 4143 for the day…
Market becomes bullish only if Nifty closes above 4275 and becomes bearish if it closes below 4200.
Happy trading ...
Dr. B Amaranath Sastry
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