Astro Info:: Moon transits in Aslesha constellation ruled by Mercury . Persons born in Krittika, Utara and Uttarashadha constellations and in Leo and Sagittarius zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: Nifty gained about 2% amidst high volatility and finally closed around 4800, near upper end of the weekly range.
Sun has changed its constellation to Visakha and Mars is moving to Aslesha which are generally considered Bullish. November 10 and 13 are trend change dates this week.
As mentioned last week Venus transit into Libra has changed the recent Bearish sentiment and market appears to have temporarily bottomed out. Technically, there is strong resistance around 4850 above which it would become Bullish for short term.Global cues and FII interest are the main cues for the market.
Technical Levels for the week :: Nifty is strong above 4825 with resistance around 4900, 4965, and 5065 and weak below 4775 with supports around 4700 , 4635 and 4540 for the week.
Based on present market movement, Nifty would be in bullish zone above 4715 and in bearish zone below 4650 for the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4523, 4591, 4659, 4727, 4796, 4866, 4936 during the week.
Sensitive / Trend change Timings for the day ::10.00am; 11.45am and 1.40pm;
Intraday Trend for 9.11..09::
On the basis of planetary position, Market is expected to open steady and generally recover from 11.45am and may become steady towards close of the day (after 3.00pm)
PSU and Bank stocks are expected to be generally volatile (mostly inclined towards bearishness)
Astro Technical Trading Strategy for the day :: By 12.00pm, if Nifty futures trades above Day’s Open level and Day’s Average Traded Price, long positions may be taken and closed by about 2.30pm or maintain with trailing stop loss. Alterhatively, if Nifty futures trades around support levels(4760 or 4730)before 12.00pm, long positions can be taken with below support levels as stop loss and exit positions by 3.00pm.
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 4810 with resistance around 4838, 4861 and 4900 and bearish below 4790 with supports around 4762, 4735 and 4700 for the day.
Nifty fut is Bullish zone above 4805 and weak below 4785 for the day.
There is strong resistance for Nifty futures around 4850 and strong support around 4700.
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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