Astro Technical Guide for Monday, 3rd August, 2009::

Astro Info:: Moon transits in Poorvashadha constellation ruled by Venus Persons born in Mrigasira, Chitta and Dhanishta constellations and in Capricorn and Taurus zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the week :: Nifty is technically strong and becomes weak below 4550 and much weaker below 4385. Astrologically, market expected to experience deep correction in August, which may commence from the middle of the week. Hence investors and traders are advised to be cautious at high levels and strongly advised to hedge their long positions.
Nifty is strong above 4675 with resistance around 4750, 4808, 4905 and weak below 4625 with supports around 4552n 4491 and 4400 for the week
Based on present market movement, Nifty would be bullish above 4580 for the week and bearish below 4515 only for the week.
WD Gann’s natural numbers which would act as natural support and resistance are ::
4390, 4456, 4523, 4591, 4659, 4727, 4796 and 4866 during the week.

Sensitive / Trend change Timings for the day ::11.17am; 12.59pm; 1.50pm;

Likely Intraday Trend for 03.08.09:: 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 steady / better and become subdued after 1.50pm; PSU , Software / Communication stocks are expected to be better and Oil, Cigarette stocks could be subdued / weak.

Astro Technical Trading Strategy for the day :: If Nifty futures is trading above Open level and Day’s average traded price by about 10.15am / 10.30am, long positions can be taken with Day low as stop loss and may be closed by 1.00pm / 1.30pm. If Nifty is trading below Day’s average traded price after 1.45pm, short positions can be taken with Day high or Day’s average price plus 20 points as stop loss and such short positions may 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 4665 with resistance around 4680, 4700 and 4737 and bearish below 4630 with supports around 4602, 4580 and 4542 for the day...

Based on present market movement, Nifty futures is Bullish above 4645 and Bearish below 4620 for the day and hence Long just below 4620 and short just above 4645 is not advisable 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