Astro Info:: Moon transits in Pushyami constellation ruled by Saturn . Persons born in Bharani, Pubba and Poorvashadha constellations and in Leo and Sagittarius zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: Nifty , while trading in a narrow band, closed at the lower end of the band with a loss of more than 2% and gave its first sign of weakness. In spite of range bound trading, there has been relatively good intraday volatility and IT and Telecommunications stocks led the fall. Reliance Bonus and Higher guidance from Infosys could not enthuse the market as it is the nature the market to prediscount the future. During the week Jupiter , planet representing optimisim and finance sector is turning direct from October 13. Mars, planet of volatility, sextiles Venus and Saturn. Four planets are posited in Virgo, a dual sign, aspected by Jupiter and Moon also joins these planets on Friday. In view of the above , Market is expected to display dual trend . However, there is strong support for Nifty around 4900 and further bearishness is possible only below 4900. Metal and Sugar stocks may experience deceptive rise this week. Second quarter results, which are generally expected to be better, also would influence the movement of the market.
There is very strong support for Nifty futures around 4900 and initial resistance around 5000 and strong resistance 5100.
Technical Levels :: Nifty is strong above 4965 with resistance around 5044, 5108, and 5212 and weak below 4915 with supports around 4836, 4772, 4668 for the week.
Based on present market movement, Nifty would be in bullish zone above 5020 and in bearish zone below 4980 for the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 4727, 4796, 4866, 4936, 5006, 5077, 5149 during the week.
Sensitive / Trend change Timings for the day ::10.07am; 1.30pm; 2.30pm; ;
Intraday Trend for 12.10.09::
On the basis of planetary position, Market is expected to open better and may remain steady /better thereafter and may remain subdued in second half of the day.
Telecom stocks are expected to be better while power stocks may remain subdued.
Astro Technical Trading Strategy for the day :: By 1.30pm, if Nifty futures is trading below Day’s Average traded Price by atleast 15 poins, short positions can be taken with Stop loss of about 15 to 20 points above Day’s average traded price.
Stop loss is a must for intraday trading.
Technical Levels for the day:: Nifty Futures would be bullish above 4950 with resistance around 4980, 5005 and 5045 and bearish below 4930 with supports around 4900, 4875 and 4835.
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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