Astro Info:: Moon transits in Sravana constellation ruled by Moon . Persons born in Punarvasu, Visakha and Poorvahadra constellations and in Scorpio and Pisces zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: Market traded in a narrow range between 4940 and 5080 and closed near upper end of the range indicating bullishness and gained just over 1% during the week. Friday’s sudden strengthe in the late afternoon helped the market to record the gains. Current week being last week of F&O expiry week and in view of the general bullishness of the market further bullishness can be expected technically . However, astrologically, downside can be expected from 5.12.09 and close of 15.12.09 is expected to be lower compared to the close of 16.11.09. Hence any bullshness upto 5.12.09 can be used to liquidate positions and traders should be cautious at higher levels.
Technically, Ressitance at 5170 and support at 5000 / 4950 is available for the market.
Technical Levels for the week :: Nifty is strong above 5095 with resistance around 5175, 5245, and 5350 and weak below 5045 with supports around 4965, 4900 and 4790 for the week.
Based on present market movement, Nifty would be in bullish zone above 4995 and in bearish zone below 5025 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 ::11.20am; 1.10pm and 2.10pm;
Intraday Trend for 23.11..09::
On the basis of planetary position, Market is expected to open steady / subdued and recover from 10.45am and become highly volatile from 12.30pm to 2.10pm (mostly inclined towards bearishness) and and again may recover from 2.15pm.
Power and entertainment stocks are expected to be volatile inclined towards bearishness while Bank stocks could be Bullish.
Astro Technical Trading Strategy for the day ::Llong positions can be taken between 10.45am and 11.00am (if Nifty futures trades above Open level) with Day low as stop loss and such positions may be closed by 12.30pm or may be continued with strict trailing stop loss.
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 5085 with resistance around 5110, 5135 and 5175 and bearish below 5060 with supports around 5035, 5005 and 4965
for the day.
Nifty fut is Bullish zone above 5025 and weak below 4995 for the day.
There is strong Support for Nifty futures around 4950 and strong resistance around 5175.
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