Astro Technical Guide for 13.7.09 (with weekly outlook)

ASTRO TECHNICAL GUIDE for the week 13.7.09 to 17.7.09::

Astro Info :: Moon transits from Poorvabhadra in Meena Raasi to Bharani in Mesha Raasi during the week. Sun and Mercury in Punarvasu; Mars in Krittika 4; Venus in Rohini during the week;

General Market Outlook:: Considering the planetary position and the aspects amongst planets , Technology stocks are expected to be better and Bank stocks are expected to be subdued in second half of the week. Public sector stocks are also expected to display volatile movements inclined towards bearishness. Market is generally bearish and Nifty is expected to move between 3800 to 4100 during the week and close lower for the week. Market is generally expected to be bearish till first half of August and much deeper correction can be expected by that time and any rise may be utilized to liquidate long positions and Medium term investors can wait for the market to settle down and consolidate.

Weekly Technical Levels :: Nifty is expected to be Bullish above 4025 with resistance around 4090,4140 and 4225 and Bearish below 3975 with supports around 3920,3865,and 3785 during the week.

ASTRO TECHNICAL GUIDE FOR 13.7.09::


Astro Info:: Moon posited in Poorvabhadra ruled by Jupiter
Persons born in Aswini, Makha and Moola are advised to be alert in their dealings or may refrain from trading.

Sensitive / Trend change Timings ::10.50am; 2.20pm ; 3.01pm;

Outlook for 13.07.09:: Market expected to open better and remain subdued / weak from 10.50am and is expected to recover from 1.00pm and particularly from 2.20pm. Technology stocks are expected to do better.
Trading Strategy for the day :: Market is generally weak and hence any intraday buying is against the main trend and to have strict stop loss . Keeping in view the above outlook, traders can take short positions around 10.45am with day high as stop loss and to cover the positions by about 12.45pm and depending on the position,(if the index trades above day’s weighted average), long positions can be taken with day low as strict stop loss.

Bief outlook for 14.7.09:: Market is expected to open steady / subdued and remain weak from 10.20am and recover from 12.50pm.

Technical Levels :: Nifty would be bullish above 4011 with resistance around4035,4055,4087 and bearish below 4065 with supports around 3995 with supports around 3971,3950 and 3920 for the day...
Intraday trading is risky and Astro guidance is to be used as an additional tool in addition to technicals and adapted depending on intraday movements..
Trade only with stop loss..
Happy trading..
Dr. B Amaranath Sastry