Astro Info :: Moon posited in Aardra (upto 11.00am) and Punarvasu ruled by Rahu and Jupiter respectively.
Market Outlook for 27.5.09 :: Market expected to open better and become subdued from 11.00am to 11.45pm and recover thereafter to become weak after 1.30pm. Market expected to display volatile movements (up and down) . Steel and Cement stocks are likely to be better .
Trading Strategy for the day (27.5.09) :: If market opens with upside gap, overnight long positions may be sold and be held with open rate (with some filter ) as stop loss and take short positions after 1.00pm , with day high as stop loss and may be closed by end of the day.
Advance Outlook for 28.5.09::Being last day of F&O expiry, scrip specific position likely but market expected to be sharply down in the second half (after1.45pm).
Technical Levels for 27.5.09:: Nifty futures bullish above 4115 with resistance around 4131, 4163, 4196and 4250 and bearish below 4105 with supports around 4090, 4056, 4023 for the day…
Strict stop loss suggested for intraday trading..
Happy trading,
Dr. B Amaranath Sastry
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