Astro Technical Position for the week :: Nifty gained about 2% last week amidst high volatility. Nifty did not close below the crucial level of 4400 and had taken support from that level. While technically market does not appear to be weak, from astrological parlance, caution is advised till the end of September as deep correction is possible. There are quite a number of significant astrological signatures (Mars and Sun changing their Zodiac signs) which suggest volatility and sudden surprises as Uranus opposes Saturn, and Mercury and squares Mars during the week. Astrologically, Monday’s high and low levels are also important for another One month. If market trades above Monday’s high, Monday’s low is the stop loss . If market trades below Monday’s low thereafter, Monday’s high is the stop loss for the next One month. Astrologically, next week appears to be a bearish one. Technically, Nifty would become weak below 4480 and weaker below 4350 and strong above 4625 and stronger above 4750. Caution is advised at higher levels. If Nifty closes above 4625 levels continuously for 2 days, technically, low for the month can be deemed to be over and can seek higher levels. However, long term is Bullish and long term investors can buy on deep declines.
Weekly Technical Levels :: Nifty is strong above 4600 with resistance around 4670, 4725, 4821 and weak below 4550 with supports around 4475, 4415 and 4320 for the week. Based on present market movement, Nifty would be in bullish zone above 4520 and in bearish zone below 4460 for the week .
WD Gann’s natural numbers which would act as natural support and resistance are :: 4324, 4390, 4456, 4523, 4591, 4659 , 4727 and 4866 during the week.
Nifty is generally Bullish as long as it maintains above 4500.
Sensitive / Trend change Timings for the day :: 11.00am; 12.10pm; 13.35pm;
Likely Intraday Trend for 17.08.09:: 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 subdued and recover from 11.00am and may become subdued towards close of the day . Market expected to display volatile movements from 11.00am to 12.00pm inclined towards bullishness. PSU stocks are expected to be subdued better and Media and Entertainment stocks appear to be positive.
Astro Technical Trading Strategy for the day :: If Nifty futures is trading above open and day average traded price by about 11.00 am / 11.30am , long positions can be taken and they may be closed by about 1.30pm ., Short positions can be taken after about 2.00pm if Nifty futures is trading atleast 10 points below Day’s average traded price 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 4585 with resistance around 4612, 4635, 4671 and bearish below 4565 with supports around 4538, 4515 and 4478 for the day...
Based on present market movement, Nifty futures would be in Bearish zone below 4570 and in Bullish zone above 4590 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
