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 :: Market experienced highly volatile movements in view of F&O settlement and also Dubai financial crisis and ended lower by about 2% for the week inspite of significant recovery from lower levels on Friday . Astrologically, significant correction can be expected before January 2010 and hence traders and investors are advised to be cautious at higher levels. Thurs day and Friday ( 3 and 4 December) are expected to be crucial for the market. In December F&o series, market may trade between 5050 - 5150 and 4650 – 4500 and may end lower for the series in general.
Technically, Resistance at 5050 and support at 4800 is available for the market this week.
Technical Levels for the week :: Nifty is strong above 4970 with resistance around 5050, 5115, 5215 and weak below 4920 with supports around 4840, 4775 , 4790 and 4675 for the week.
Based on present market movement, Nifty would be in bullish zone above 5005 and in bearish zone below 4935 for the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4659, 4727, 4796, 4866, 4936, 5077, 5149, 5221 during the week.
Sensitive / Trend change Timings for the day ::10.15am; 12.20pm; 1.40pm ;
Intraday Trend for 30.11..09::
On the basis of planetary position, Market is expected to open steady and recover from 10.20am and is expected to be highly volatile (either heavy bullishness or heavy bearishness) towards close of the day (after 2.00pm).
Astro Technical Trading Strategy for the day ::Long positions can be taken between 10.30am (if Nifty futures trades above high recorded upto 10.30am ) with Day low as stop loss and such positions may be closed by 2.00pm or be continued with trailing stop loss as market market is expected to experience huge swings (up or down)
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 4960 with resistance around 4990, 5015 and 5050 and bearish below 4935 with supports around 4905, 4880 and 4840
for the day.
Nifty fut is Bullish zone above 4900 and weak below 4865 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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