Astro Technical Guide for Monday, 11th January, 2010

Astro Technical Guide for Monday, 11th January, 2010 and general outlook for the week::

Astro Info:: Moon transits in Anuradha constellation ruled by Saturn . Persons born in Bharani, Pubba and Poorvashadha constellations and in Sagittarius and Aries zodiac signs are advised to be alert in their dealings .

Astro Technical Position for the week :: During the week, market traded in a very narrow range and closed about 1% higher for the week. Narrow range of the market represents lack of institutional interest at high level or pause before a decisive move. IT stocks fell sharply during the week as Mercury turned retro. Current week is crucial in view of the forthcoming solar eclipse on 15th January and ahead of Saturn becoming retro from next week. In view of the non attractive valuation of stocks, investors are advised to be cautious and scrip specific movements would be there as against broad market movement. Technically, market may turn nervous below 5200 and would become further positive only above 5300. High degree of caution is advised during the week and 12th and 15th can be major days for market movement.


Technical Levels for the week :: Nifty is strong above 5275 with resistance around 5360, 5430 and weak below 5225 with supports around 5140, 5070 for the week.

Based on present market movement, Nifty would be in bullish zone above 5265 and in bearish zone below 52450 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 ::11.05am ;1.50pm;

Intraday Trend for 11.01.10 ::

On the basis of planetary position, Market is expected to open steady and recover from 11.00am and may remain steady after 1.00pm. Time between 11.00am to 1.00pm is particularly important and market may inch higher during this time.
PSU, Media, Entertainment, stocks are expected to be subdued while Cement / Steel could remain better.

Astro Technical Trading Strategy for the day :: By 10.30am, if Nifty trades above high recorded upto 10.00am, long positions can be taken with day low level as stop loss and such positions may be closed by 1.00pm or be held with strict trailing stop loss.

Open level is important above which only long 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 5265 with resistance around 5290, 5320 and bearish below 5240 with supports around 5215, 5185 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