Astro Technical Guide for Monday, 24th August, 2009::

Astro Info:: Moon transits in Chitta constellation ruled by Mars . Persons born in Pushyami, Anuradha and Uttarabhadra constellations and in Libra and Aquarius zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the week :: Nifty closed near week’s high but lost about 1% last week amidst narrow range of 4340 and 4540. For the entire week, Nifty was bearish trading below 4500 , but closed at 4528 on Friday. Considering the present condition, Nifty would remain neutral above 4500 and become Bullish above 4600 and very bullish above 4750. Investors are advised to be cautious at higher levels as September Second half could set the medium term trend for the market. Nifty got strong support whenever it traded below 4400 and bounced back during the week. Hence, for short term 4350 can be taken as an important support level. Astrologically, August 31, September 6 and 9 , 13 are important dates which can change the trend in the present lunar month which commenced on August 21, 2009 (till 18th September, 2009) . Short term traders can hold long positions for the time being with stop loss of about 4350 – 4400. Caution is advised at higher levels. However, long term is Bullish and long term investors can buy on deep declines.

Weekly Technical Levels :: Nifty is strong above 4565 with resistance around 4625, 4685, 4780 and weak below 4495 with supports around 4435, 4375 and 4280 for the week. Based on present market movement, Nifty would be in bullish zone above 4465 and in bearish zone below 4420 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 Bearish only if it maintains below 4500.

Sensitive / Trend change Timings for the day :: 10.38am; 2.00pm;

Likely Intraday Trend for 24.08.09:: 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 and remain better upto 10.40am and remain steady / subdued thereafter and may become weak after 2.30pm;
Power and Oil stocks are expected to be better while Entertainment and Media could be subdued.

Astro Technical Trading Strategy for the day :: If Nifty futures is trading below Open and Day’s Average traded Price ( by atleast 10 points) any time after 11.30 am / 12.00pm , short positions can be taken with day high as strict stop loss and they may be closed by end of the day.
Stop loss is a must for intraday trading and stop loss should be adjusted depending on intraday movements.

Technical Levels for the day:: Nifty Futures would be bullish above 4540 with resistance around 4566, 4589, 4625 and bearish below 4520 with supports around 4496, 4471 and 4435 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