ASTRO TECHNICAL GUIDE for the week 6.7.09 to 10.7.09

ASTRO TECHNICAL GUIDE FOR THE WEEK 6.7.09 to 10.7.09

Astro Info :: Moon transits in Sagitarrius and Cancer in the constellations from Moola to Dhanishta. Sun moves from Aardra to Punarvasu.

There is a big event with Union Finance Budget slated to be presented in the Loksabha on 6.7.09 at 11.00am and a detailed write up has already been presented. Daywise market movement is expected to be as under ::

6.7.09:: Volatile day expected because of the Budget presentation. First half is expected to be better while Second half of the day is expected to be subdued / weak. In other words , after Budget market may give up early gains and may close weak. However, extreme caution is advised on account of Budget. Technology stocks to have wild swings (may be inclined towards bearishness). Trend Change time 10.38am and 12.00pm. Persons born in Rohini, Hastha and Sravanam are advised to be cautious.

7.7.09:: Market expected to open steady and recover from 11.15am and likely to have volatile movements towards close of the day. Steel and Cement stocks are likely to be better while PSU and Power stocks could be subdued. Sensitive / Trend change time 12.00pm. Persons born in Mrigasira, Chitta and Dhanishta are advised to be cautious.

8.7.09 :: Market expected to open better and remain subdued / weak from 11.15 / 11.30am and recover after 1.30pm and may become subdued towards close of the day. Entertainment, Chemical, Power and Software stocks are likely to be better. Persons born in Aardra, Swathi and Sathabhisham are advised to be careful in their dealings.

9.7.09 :: Market expected to open subdued / weak and recover after 11.00am and particularly after 11.45am and remain steady / subdued after 1.15pm. Technology stocks could be subdued. Persons born in Punarvasu, Visakha and Poorvabhadra are advised to be cautious.

10.7.09:: Market expected to open better and remain weak from 11.00am and may recover after 1.15pm. PSU and Steel stocks could be subdued while Bank stocks could be better. Sensitive time for the day 11.30am. Persons born in Pushyami, Anuradha and Uttarabhadra are advised to be careful in their dealings.

Technical Levels:: Nifty is Bullish above 4450 with resistances around 4520,4575,4670 and weak below 4400 with supports around 4330,4275 and 4180 for the day.. Extreme range for the week is 4800 on the upside and 4025 on the down side for the week.

Technically market closed better last week and expected to do better . But it depends on Budget proposals and how Institutional investors perceive the Budget. However, caution is advised at higher levels inview of the deep correction expected in the short term.

Astro guidance is to be used as an additional tool in addition to technicals and adapted depending on intraday movements and traders are advised to use appropriate stop loss and are cautioned that Trading involves high risk.

Happy trading ….

Dr. B Amaranatha Sastry