Astro Info:: Moon posited in Bharani ruled by Venus
Outlook for 19.06.09:: Market expected to open better and immediately may become weak from (10.15am) and recover from 11.15am to 12.10pm and may recover from 12.20pm or from 2.30pm.
Trading strategy for the day :: If market opens better book profits by 10.15am and buy at 11.10 as market is expected to go up significantly for about One hour and book profits and reenter if market appears to be recovering later. In view of the steep fall in the last Two days, market may stage a technical pull back . Hence, if market continuously trades above Open level, intraday long positions may be held with trailing stop loss also.
It should be borne in mind that the general market is in correction mode and long position is generally against the trend and intraday positions should be based on intraday movements and traders to be alert.
Advance out look for 22.6.2009 :: Market expected to be better in First half and be weak in Second half of the day.
Technical Levels :: Nifty futures bullish above 4289 with resistance around4314,4336,4369 and bearish below 4371 with supports around 4245,4224 and 4190 for the day...
Astro guidance is to be used as an additional tool in addition to technicals and adapted depending on intraday movements..
Trade with stop loss..
Happy trading..
Dr. B Amaranath Sastry
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