Astro Info:: Moon transits in Swathi constellation ruled by Rahu upto 11.30am and in Visakha ruled by Jupiter thereafter . Persons born in Aswini, Makha and Moola constellations and in Scorpio and Pisces zodiac signs are advised to be alert in their dealings after 11.30am.
Astro Technical Position for the week :: Nifty has remained generally bullish in the week clocking a net gain of around 3%. However, intraday volatility has come down significantly signifying major move either side. Astrologically, new lunar month Aswayuja commenced from 19th September with Gemini rising and luminaries in close conjunction with Saturn opposed by Uranus signifying sudden surprises and a general down turn can be expected before the end of this lunar month i.e., Diwali. In other words, Index by Diwali might be lower compared to the Index on 18.9.09 . 28th September, 5th, 8th and 13 October are likely to be the sensitive / likely trend changing days in the current lunar month.
Current week is an important week as F&O month expires on the coming Thursday and in the current F&o month index has moved between 4575 and 5000 and is generally Bullish. Considering the movement, rising trend may not be reversed this week considering F&o positions.
Weekly Technical Levels :: Nifty is strong above 5005 with resistance around 5085, 5150 and 5255 and weak below 4955 with supports around 4915 , 4810 and 4705 for the week. Based on present market movement, Nifty would be in bullish zone above 4920 and in bearish zone below 4875 for the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 4727, 4866, 4936, 5006, 5077, 5149 and 5221 during the week.
Nifty is generally Bullish as long as it maintains above 4900.
Sensitive / Trend change Timings for the day :: 10.40am; 11.30am; 12.40pm; 1.25pm;
Likely Intraday Trend for 22.09.09:: 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 / subdued and recover till about 11.30am and is expected to be generally steady / subdued thereafter. Time from 12.40pm to 1.40pm is the time to watch for volatile movements.
PSU and Bank stocks are expected to be subdued while Power and pharma stocks could be better.
Astro Technical Trading Strategy for the day :: If Nifty futures is trading below first half an hour (10.30am) low after 11.45am , short positions can be considered with a stop loss of about 20 points above Day’s average traded price and such short positions 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 4990 with resistance around 5020, 5045 and 5085 and bearish below 4970 with supports around 4940 , 4915nand 4875 for the day...
There is resistance around 5010 and strong support in the region of 4900 for Nifty.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
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