Astro Info:: Moon transits in Visakha constellation ruled by Jupiter . Persons born in Aswini, Makha and Moola constellations and in Scorpio and Pisces zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: In accordance with expectations markets went up and Nifty gained about 4% and closed around 5000, near upper end of the weekly range. Astrologically, this is a significant week as new Solar month and new Lunar month commence from 16.11.09 and 17.11.09 respectively. These monthly charts per se do not favour Bullishness in the next One month and hence short term investors / traders need to be cautious. However, technically markets are bullish and may seek higher levels.
Technically, there is strong support around 4850 / 4900 and resistance in the region of 5050 and 5150. Global factors and FII interest are the main cues for the market.
Technical Levels for the week :: Nifty is strong above 5025 with resistance around 5105, 5170, and 5275 and weak below 4975 with supports around 4895 , 4830 and 4725 for the week.
Based on present market movement, Nifty would be in bullish zone above 4930 and in bearish zone below 4875 for the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4727, 4796, 4866, 4936, 5077, 5149, 5221 and 5293 during the week.
Sensitive / Trend change Timings for the day ::10.15am; 11.20am and 2.25pm;
Intraday Trend for 16.11..09::
On the basis of planetary position, Market is expected to open better and remain so to become subdued / weak from 12.45pm to 2.45pm and may recover there after. PSU stocks are expected to be better while Cement / Steel stocks could be subdued.
Astro Technical Trading Strategy for the day :: If markets open steady, long positions can be taken with 4975 / 4995 as stop loss and such positions to be liquidated by 12.30pm. Risky traders can consider short positions(if Nifty futures trades below Average traded price ) between 1.00pm and 1,30pm and to be closed by about 2.45pm.
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 5010 with resistance around 5040, 5065 and 5105 and bearish below 4990 with supports around 4960, 4935 and 4895
for the day.
Nifty fut is Bullish zone above 4995 and weak below 4975 for the day.
There is strong Support for Nifty futures around 4900 and strong resistance around 5150.
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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment