Astro Technical Guide for Monday, 5th October 2009 ::

Astro Info:: Moon transits in Revathi constellation ruled by Mercury upto 11.30am and in Aswini ruled by Ketu thereafter. . Persons born in Rohini, Hastha and Sravanam constellations and in Taurus and Virgo zodiac signs are advised to be alert in their dealings after 11.30am.

Astro Technical Position for the week :: Contrary to expectations, Nifty remained quite bullish last week and closed above the important resistance level of 5050. Mars, planet representing Action and Volatility, enters Cancer, its sign of debilitation from Monday and would be transiting in this sign very slowly for about Six months as against normal period of 45 days. Real estate Stocks, Power and Communication stocks would be affected and general volatility is expected to be high . Probably, it should be the end of the period of narrow intraday volatility. Current week witnesses several important geocosmic signatures and important among them being Mars’s entry into Cancer and Tsquare involving Saturn, Uranus and Pluto and fast moving Mercury and Venus conjoining Saturn. Further, companies would start declaring their Second quarter results which are generally expected to be better. But the nature of market is to discount future and good corporate performance is also discounted. October 5 and 8 are important dates for trend change this week. Further, Gap opening (up / down) would be common this week and hence overnight positions need to be properly hedged. Technically Nifty is generally Bullish above 5000 and bearish below 4960. Correction is overdue and traders are advised to exercise caution at higher levels.

Technical Levels for the week :: Nifty is strong above 5095 with resistance around 5176, 5242 and 5349 and weak below 5045 with supports around 4964 , 4898 and 4791 for the week. Based on present market movement, Nifty would be in bullish zone above 5065 and in bearish zone below 5025 for the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 4866, 4936, 5006, 5077, 5149,5221 during the week.

Sensitive / Trend change Timings for the day ::11.30am; 2.00pm;


Intraday Trend for 5.10.09::
On the basis of planetary position, Market is expected to open weak (in view of global cues) and may remain steady after 10.30am. Important trend change time is 11.30am. Market is expected to remain sgenerally subdued and recover mildly after 2.15pm.

Communication, power and Technology stocks are expected to be subdued while oil stocks could be steady. Cement and Steel stocks could become subdued towards close of the day.

Astro Technical Trading Strategy for the day :: Gap down opening is a foregone conclusion in view of the weak global cues. First hour high and low is very important for intraday trading. If Nifty breaks First hour low, intraday longs should be avoided and vice versa. If Nifty trades above First hour high and above Day’s average traded price after 2.00pm, long positions can be taken with a stop loss of 20 points below Averge price and such 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 5080 with resistance around 5111, 5136 and bearish below 5060 with supports around 5029 , 5004, 4964 and 4931 for the day..
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There is a strong support for Nifty futures around 4980 – 4990 in case of gap down opening .

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