Astro Technical Guide for 20.7.09

ASTRO TECHNICAL GUIDE FOR 20.7.09
Astro Info:: Moon transits in Aardra constellation ruled by Rahu from 10.24AM. Persons born in Aslesha, Jyeshta and Revathi constellations and in Cancer and Scorpio zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings ::10.24am; 1.25pm.,

Outlook for 20.07.09:: On the basis of Planetary position and the aspects amongst planets, outlook for the day is as under ::
Market is expected to open steady / better and become subdued from 10.25am and is expected to recover slowly and steadily after 1.30pm . Bank stocks are expected to be better while software stocks could be subdued.

Trading Strategy for the day :: Market is generally Bullish but in over bought zone. Hence both Buying at high level and short selling can be considered risky without proper hedging mechanism. However, considering only intraday outlook, If Nifty is trading above day’s Average traded price between 1.30pm and 2.00pm, long positions can be considered with Day Low level as strict stop loss and such long positions may be cleared by end of the day. (High risk traders can take short positions by about 10.30am with day high as strict stop loss and such short positions to be closed by about 1.00pm ) .
Considering weekly outlook, traders can buy at the money put option (say 4400 strike price or 4300 strike price put option) and can sell out of the money put option (say 4200 put option or 4100 put option) against above buying position.

Brief outlook for 21.7.09:: Market is expected to open steady and become subdued / weak from 10.15am to 12.25pm and recover after 12.20 and further from 2.30pm.

Technical Levels :: Nifty is Bullish , as it is trading well above 4200 but in over bought zone and considerable correction can be expected in second half of the week and weekly range is expected to be 4540 and 4225 / 4150. W. D Gann, an eminent Astro Technical analyst had suggested certain natural numbers which would act as natural resistance and support levels. Such numbers which are applicable for the present Nifty level for the week are as under::
Gann's Natural Major Support and Resistance numbers 4193, 4324, 4456 and 4591.,
Gann's Natural Minor Support and Resistance levels are :: 4129, 4258, 4390 4523 and 4659.


Technical Levels for the day:: Nifty Futures would be bullish above 4390 with resistance around 4415, 4437 and 4470 and bearish below 4370 with supports around 4345, 4323 and 4290 for the day...

Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.

Disclaimer :: 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 Amaranatha Sastry