Astro Info:: Moon transits in Aslesha constellation ruled by Mercury upto 2.30pm and in Makha ruled by Ketu thereafter. Persons born in Krittika, Uttara and Uttarashadha constellations and in Leo and Sagittarius zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: After last week’s turmoil, market recovered on the back of global cues, FII purchases and gained more than 3% during the week. However, it could not make a new high. Astrologically, significant correction can be expected before January 2010 and hence traders and investors are advised to be cautious at higher levels. During the current week market may experience correction towards week end i.e., on Thursday and Friday. High degree of caution is advised at higher levels as correction is possible. However, market is bullish in the longrun and steep corrections may be utilized for buying .
Technically,Strong Resistance at 5225 and support at 5000 are available for the market this week.
Technical Levels for the week :: Nifty is strong above 5150 with resistance around 5225, 5295, 5400 and weak below 5095 with supports around 5015, 4945 and 4840 for the week.
Based on present market movement, Nifty would be in bullish zone above 5115 and in bearish zone below 5070 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 ::1.15pm; 2.30pm ;
Intraday Trend for 07.12..09::
On the basis of planetary position, Market is expected to open steady and generally recover therafter and may become subdued after 1.15pm and again may recover towards close of the day.
Bank and Technology stocks could remain volatile inclined towards bearishness.
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 1.00pm or continue 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 5130 with resistance around 5160, 5187 and 5227 and bearish below 5110 with supports around 5080, 5053 and 5012 for the day.
Nifty fut is Bullish zone above 5135 and weak below 5110 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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