Astro Technical Guide for Monday, 4th Janauary, 2010

Astro Info:: Moon transits in Makha constellation ruled by Ketu. Persons born in Rohini, Hastha and Sravanam constellations and in Virgo and Capricorn zodiac signs are advised to be alert in their dealings .

Astro Technical Position for the week :: In view of truncated trading week, market moved in a very narrow range and closed marginally higher for the week and the year closed very firm. December f&O series also closed firm. January month is quite significant as quarterly results would start coming in and pre budget expectations would also be getting factored in. Astrologically, market can correct before 15th of January and investors can utilize any sharp correction for buying for medium / long term . In view of improving fundamentals and general improved outlook and huge liquidity, “Buy on dips “ strategy can be adopted in well managed companies.


Technical Levels for the week :: Nifty is strong above 5225 with resistance around 5310, 5380 and weak below 5175 with supports around 5090, 5020 for the week.

Based on present market movement, Nifty would be in bullish zone above 5210 and in bearish zone below 5180 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 ::10.50am ;1.00pm; 2.55pm;

Intraday Trend for 04.01.10 ::
On the basis of planetary position, Market is expected to open subdued and remain better in second half of the day.
Psu, Tech stocks could remain subdued.

Astro Technical Trading Strategy for the day :: By 1.00pm, If Nifty fut trades above Day’s average traded price, long positions can be taken with a stop lossof about 20 points and such long positions may be closed by end of the day.
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 5210 with resistance around 5242, 5268 and 5310 and bearish below 5190 with supports around 5158, 5132 and 5095 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