Astro Info:: Moon transits in Krittika constellation ruled by Sun upto 1.30pm and in Rohini ruled by Moon thereafter. Persons born in Aardra, Swathi and Sathabhisham constellations and in Gemini and Libra zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: Contrary to expectations, market bounced back strongly on Wednesday and gained more than 2.5% on account of renewed FII buying and short covering. Technically, market is strong and set to make new high this week if Nifty closes above 5225. However, astrologically, market is not on strong wicket till middle of January and market can nosedive anytime due to any extraneous reason. In view of the contradiction between Astro and Technicals, it is better to stay cautious with tight stop loss. Current week being last week of F&O segment, scrip specific action is most likely . IT, Auto and Pharma stocks are more bullish while Bank stocks are neutral.
Current week being a truncated week with only 3 working days, market can stay in a narrow range with scrip specific movement.
Technical Levels for the week :: Nifty is strong above 5200 with resistance around 5285, 5350 and weak below 5150 with supports around 5000, 4890 for the week.
Based on present market movement, Nifty would be in bullish zone above 5105 and in bearish zone below 5045 during the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4936, 5077, 5149, 5221, 5293, 5366 during the week.
Sensitive / Trend change Timings for the day ::1.30pm ; 3.05pm;
Intraday Trend for 29.12.09 ::
On the basis of planetary position, Market is expected to open better and generally remain so and may become subdued from 12.45 pm to 3.00pm;
Entertainment, Media stocks may remain subdued while Cement and Steel stocks could be better.
Astro Technical Trading Strategy for the day :: By 10.45am, If Nifty fut trades above high recorded upto 10.30am, long positions can be taken with Low as stop loss and such long positions may be closed by 12.45pm.
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 5185 with resistance around 5216, 5242 and 5284 and bearish below 5165 with supports around 5134, 5108 and 5065 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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