Astro Info:: Moon transits in Dhanishta constellation ruled by Mars Persons born in Pushyami, Anuradha and Uttarabhadra constellations and in Aquarius and Gemini zodiac signs are advised to be alert in their dealings . quidity
Astro Technical Position for the week :: Market was generally weak, excepting IT and Pharma, and closed lower by about 2.5% for the week. Jupiter moved to Aquarius and Mars turned retrograde by the beginning of this week and is expected to significantly affect the market sentiment. Venus, coruler for finance, is getting combust and as already mentioned last week, solar and lunar month charts are exhibiting bearishness in the current month. Further Two eclipses in the current lunar month are also inauspicious. Technically also, Nifty has dropped below 50DMA and is indicating weakness. Fundamentally too, rising inflation is a cause for concern and RBI may hike CRR in the January credit policy and Bank stocks are already on a slippery wicket ahead of RBI policy and interest rate sensitives may nosedive further. Market when analysed from three angles i.e., Fundamental, Technical and Astrological (indicating investor sentiment and market timing) all point towards short term bearishness. In view of the above, Investors may either defer or stagger their purchases and traders to be utmost careful with any long positions. With long weekend this week and muted FII presence due to holiday season, bearishness may precipitate by the weekend. Silver lining at present is possible better quarterly results to be declared in January, if Advance tax payments by India Inc is any indication and also the tremendous liquidity in the financial system which will avert any sharp downfall.. However, market is bullish in the long run and any sharp decline in January is a good opportunity for investors .
Technical Levels for the week :: Nifty is strong above 5010 with resistance around 5090, 5160 and weak below 4960 with supports around 4880, 4815 for the week.
Based on present market movement, Nifty would be in bullish zone above 5090 and in bearish zone below 5050 during the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4796, 4866, 4936, 5077, 5149, during the week.
Sensitive / Trend change Timings for the day ::10.10am; 12.20pm ; 2.00pm;
Intraday Trend for 21.12.09 ::
On the basis of planetary position, Market is expected to open steady and may recover from 10.30am and display two way movements after 12.30pm.
Bank stocks, Oil stocks and Entertainment , Media stocks are expected to be better.
Astro Technical Trading Strategy for the day :: Market is generally bearish and hence any intraday long positions are against the trend of the market. Hence, Open level, Day’s average price may be kept as reference and trading strategy may be designed accordingly, preferably bearish strategy at resistance levels.
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 5000 with resistance around 5030, 5060 and 5090 and bearish below 4970 with supports around 4940, 4915 and 4875 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.
Note ::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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