Astro Info:: Moon transits in Bharani constellation ruled by Venus . Persons born in Mrigasira, Chitta and Dhanishta constellations and in Taurus and Virgo zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: Nifty lost more than 5% and became distinctly weak below 4900 and finally closed around 4700. Global markets are generally weak . RBI’scredit policy appears to have been the trigger for the trend reversal. Even on the first day of new F&O settlement, market continued its weakness. Venus raasi change to Libra can positively affect the market this week.
Trend change dates during the week are 4th and 6th during the week. Technically Nifty would get back on the rails , if it closes above 4900. In case it becomes further weak, it can get support at 4550. There are no fresh triggers for the market as Results season is over.
Technical Levels for the week :: Nifty is strong above 4725 with resistance around 4800, 4860, and 4960 and weak below 4675 with supports around 4600 , 4540 and 4445 for the week.
Based on present market movement, Nifty would be in bullish zone above 4910 and in bearish zone below 4840 for the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4456, 4523, 4591, 4659, 4727, 4796, 4866, 4936 during the week.
Sensitive / Trend change Timings for the day ::10.30am; 12.00pm and 1.15pm;
Intraday Trend for 3.11..09::
On the basis of planetary position, Market is expected to open subdued and generally recover from 12.00pm and may remain sideways after 2.00pm.
Time between 10.50 to 11.50am is expected to have volatile movements.
Bank stocks are expected to be subdued / weak, and Cement and steel stocks also may remain subdued.
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 1.30pm or maintain with 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 4710 with resistance around 4738, 4761 and 4800 and bearish below 4690 with supports around 4662, 4640 and 4600 for the day.
Nifty fut is Bullish zone above 4795 and weak below 4755 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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