Astro Info:: Moon transits in Sravana constellation ruled by Moon . Persons born in Punarvasu, Visakha and Poorvabhadra constellations and in Aquarius and Gemini zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: Nifty lost about 150 points or 3% during the week and closed weak and appears to have lost its momentum. Current week is important as F&O settlement expires on the coming Thursday. Market has been moving in a narrow range during the month and is presently trading below support level of 5050 and another strong support exists around 4900. For the present F&O month, Bank, Sugar, IT, Metal stocks are generally Bullish while Telecom, Auto, Cement, Infra and Oil stocks are generally Bearish, In view of the F&o closing this week, scrip specific action is most likely and traders should be cautious. 29th is a crucial day this week for trend change. Generally, Mid October to Mid November is astrologically quite sensitive as Sun gets debilitated and can adversely affect markets. Caution is advised at higher levels as market has gone up steeply and a decent correction can be expected in this quarter.
Technical Levels for the week :: Nifty is strong above 5030 with resistance around 5110, 5175 and 5280 and weak below 4980 with supports around 4900, 4835, 4730 for the week.
Based on present market movement, Nifty would be in bullish zone above 5090 and in bearish zone below 5050 for the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4796, 4866, 4936, 5006, 5077, 5149, 5221, 5293 during the week.
Sensitive / Trend change Timings for the day ::10.25am; 11.25am; 1.15pm; 2.25pm;;
Intraday Trend for 26.10.09::
On the basis of planetary position, Market is expected to open subdued and generally remain subdued to weak after 10.30 . Volatile movements would be the order of the day. Volatile time during the day is between 11.25am to 12.20pm and again from 1.15pm to 2.00pm.
Power and Pharma stocks are expected to have volatile movements(inclined towards bearishness).
Astro Technical Trading Strategy for the day :: By 10.45am, if Nifty futures trades below the low recorded upto 10.30am , short positions may be taken with day high as stop loss and keep booking small profits on intraday trading positions as day is expected to be volatile and profits may evaporate.
Open level is important below which only short positions may be taken and vice versa.
Stop loss is a must for intraday trading.
Technical Levels for the day:: Nifty Futures would be bullish above 5015 with resistance around 5045, 5070 and 5110 and bearish below 4994 with supports around 4905, 4940 and 4900
Nifty fut is strong above 5030 only 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
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