Astro Info:: Moon transits in Visakha constellation ruled by Jupiter upto 12.50pm and in Anuradha ruled by Saturn thereafter. Persons born in Aswini, Makha and Moola constellations upto 1.00pm and in Bharani, Pubba and Poorvashadha constellations after 1.00pm and in Sagittarius and Aries zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: Market moved in a very narrow range last week and closed flat for the week indicating caution at higher levels and could not cross previous high. Astrologically, current week is very eventful with new solar month and lunar month commencing from 16.12.09. Since Diwali, Lunar and solar months are commencing around the same day / time which is a bad yoga suggesting inflationary trends which is not good for common man. Further there are Two eclipses in this current lunar month and major planet Jupiter enters Aquarius towards this weekend and several other astro events such Mercury and Mars retro position and . All these changes suggest major changes in the markets and markets being already at higher levels, suggest significant correction and investors need to fasten their seat belts for a rough ride. 16
th and 17th are the major trend changing days during the week which should be watched carefully.
High degree of caution is advised at higher levels as correction is possible. However, market is bullish in the long run and steep corrections may be utilized for buying .
Technically, Strong Resistance at 5225 and support at 5050 are available for the market this wee and Nifty can be considered bearish only if it closes below 5050.
Technical Levels for the week :: Nifty is strong above 5140 with resistance around 5225, 5290 and weak below 5090 with supports around 5010, 4940 and 4840 for the week.
Based on present market movement, Nifty would be in bullish zone above 5135 and in bearish zone below 5105 during the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4866, 4936, 5077, 5149, 5221 and 5293 during the week.
Sensitive / Trend change Timings for the day ::11.15am; 12.50pm ;
Intraday Trend for 14.12.09 ::
On the basis of planetary position, Market is expected to open steady / better and become subdued / weak from 11.15am and recover after 1.00pm. Over all day weightage appears to be positive in the second half.
Communication stocks are expected to be subdued.
Astro Technical Trading Strategy for the day :: Long positions can be taken after 1.30am (if Nifty futures trades at least 10 points above Day’s average traded price ) with a stop loss of about 20 points below Day’s average traded price.
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 5125 with resistance around 5155, 5180 and 5225 and bearish below 5100 with supports around 5075, 5050 and 5010 for the day.
IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.
Intraday trend given above is relative and based purely on the basis of planetary positions and aspects and needs to be understood and applied depending on the market movement. 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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