Astro Technical Guide for Monday, 1st February , 2010 and general outlook for the week::
Astro Info:: Moon transits in Pubba ruled by Venus . Persons born in Mrigasira, Chitta and Dhanishta 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, Nifty lost about 150 points due to heavy FII selling amidst heavy volatility ahead of RBI’s credit policy. While, Technically, market appears to have become weak, Fundamentally recent fall offers good opportunity to buy quality scrips at reasonable rates. Astrologically, Saturn and Mars continue to be retrograde and Venus is combust. Current week is crucial and might determine the medium term trend of the market technically as any further fall and close below 4800 would turn the market much bearish.
Technically, market may turn further nervous below 4800 and would gain momentum only above 5050.
Astrologically midsession of the week appears to be quite shaky and traders should be cautious.
Technical Levels for the week :: Nifty is strong above 4905 with resistance around 4982, 5046 and 5148 and weak below 4855 with supports around 4775, 4715 and 4610 for the week.
Based on present market movement, Nifty would be in bullish zone above 4925 and in bearish zone below 4860 during the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4659, 4727, 4796, 4866, 4936, 5077, 5149, 5221, during the week. Feb 3 to 10 are expected to be normal trend change dates according to WD Gann research
Sensitive / Trend change Timings for the day ::11.50am; 1.30pm’
Intraday Trend for 01.02.10 ::
On the basis of planetary position, Market is expected to open subdued and is expected to recover after 9.30am and after some subdued session from 11.00am , is generally expected to recover after 12.45pm.
Market is expected to display volatile movements with huge swings. Swing traders are advised to be cautious and may lighten long positions at the beginning of the week.
Astro Technical Trading Strategy for the day :: By 12.30pm, if Nifty trades above Day’s Average Traded Price, long positions can be taken with stop loss of about 15 points below Average Traded Price and such positions may be closed by end of the day.
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 4890 with resistance around 4920, 4945 and 4985 and bearish below 4870 with supports around 4840, 4817 and 4775 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
Astro Technical Guide for Wednesday, 27th January 2010 ::
Astro Info:: Moon transits in Mrigasira constellation ruled by Mars. Persons born in Pushyami. Anuradha and Uttarabhadra constellations and in Cancer and Scorpio zodiac signs are advised to be alert in their dealings .
Sensitive / Trend change Timings for the day :: 9.40am; 2.45pm;
Intraday Trend for 27.1.2010::
On the basis of planetary position, Market is expected to open steady and remain steady from 10.30am and expected to become subdued from 1.15pm; Closing time (after 2.45pm) is quite crucial for the day.
Power , Pharma and Media / Entertainment stocks are likely to be subdued while Bank stocks may recover in second half of the day.
Astro Technical Trading Strategy for the day :: After 1.00pm, if Nifty futures trades below Day’s Average Traded Priceby atleast 10 points , short positions may be taken with a stop loss of 10 points above Average Price and such 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 5010 with resistance around 5040, 5065 and bearish below 4985 with supports around 4960, 4935 and 4900 for the day.
Nifty fut is Bullish zone above 5020 and weak below 5000 for the day.
Nifty fut is expected to become bearish for medium term if it closes below 4940.
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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