Astro Technical Guide for Monday, 10th August, 2009 ::

Astro Info:: Moon transits in Uttarabhadra constellation ruled by Saturn . Persons born in Bharani, Pubba and Poorvashadha constellations and in Aries and Leo zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the week :: As anticipated, Nifty had shed its bullishness towards the end of last week and is presently at a crucial Support level. Nifty would become further weak below 4400 and much weaker below 4250. As already pointed out, Astrologically, market was expected to experience deep correction in August / September, which has already commenced. If Nifty closes above 4650 / 4730 only, Bullishness would return to the market. In other words, there is limited upside and a lot downside at the present juncture. Hence investors and traders are advised to be cautious at present levels and strongly advised to hedge their long positions and may buy put options (if Nifty closes below 4400). However, long term is Bullish and long term investors can buy on deep declines.

Nifty is strong above 4500 with resistance around 4570, 4627, 4721 and weak below 4450 with supports around 4380, 4323 and 4230 for the week.
Based on present market movement, Nifty would be bullish above 4600 only for the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::4258, 4324, 4390, 4456, 4523, 4591, 4659 and 4727 during the week.

Sensitive / Trend change Timings for the day ::11.05am; 1.30pm; 2.20pm;

Likely Intraday Trend for 10.08.09:: On the basis of Planetary position and the aspects amongst planets, outlook for the day is expected in the following manner ::

On the basis of planetary position, Market is expected to open better but shed most of the opening gains in the first hour and is expected to recover after 11.30am and become subdued after 1.00pm; Market is expected to experience volatile movements between 1.30pm and 2.20pm. Entertainment, Media and Bank stocks could remain subdued .

Astro Technical Trading Strategy for the day :: If Nifty futures is trading atleast 10 points below Day’s average traded price any time after 1.00pm, short positions can be taken with Day high as stop loss and to be closed by end of the day.
Stop loss is a must for intraday trading.

Technical Levels for the day:: Nifty Futures would be bullish above 4490 with resistance around 4515, 4535, 4570 and 4600 and bearish below 4465 with supports around 4440, 4417 and 4381 for the day...
Based on present market movement, Nifty futures is Bearish below 4520 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. Creator only knows what is going to happen and astrologer can only indicate what is likely to happen .

Trade only with stop loss..

Happy Trading..

Dr B Amaranatha Sastry