Astro Info:: Moon transits in Dhanishta upto 1.10pm ruled by Mars and in Sathabhisham thereafter ruled by Rahu. Persons born in Pushyami, Anuradha and Uttarabhadra constellations and in Pisces and Cancer 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 flat for the week. Narrow range of the market represents lack of institutional interest at high level or pause before a decisive move. IT stocks recovered smartly followed by encouraging results by Infosys. Bank stocks continue to underperform . With Saturn becoming retro, Cement and Metal stocks need to be watched for erratic movements. Long term is certainly encouraging but high valuations make it unattractive in the short term and scrip specific movements are most likely as against broad market movement.
Technically, market may turn nervous below 5200 and would become further positive only above 5300. During the Week, 19th appears to be quite a positive day while second half of the week appears to be subdued to negative.
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 ::11.50am; 1.10pm’
Intraday Trend for 18.01.10 ::
On the basis of planetary position, Market is expected to open weak but is expected to to recover thereafter to become subdued towards close of the day. Bank stocks are expected to be better.
Astro Technical Trading Strategy for the day :: By 9.30am, if Nifty trades above Open level, long positions can be taken with day low level as stop loss and such positions may be closed by 1.00pm .
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
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