SUBDUED MIDSESSION !!!

Astro Technical Guide for Monday, 15th February , 2010 and general outlook for the week::

Astro Info:: Moon transits in Sathabhisham ruled by Rahu . Persons born in Aslesha, Jyeshta and Revathi 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 recovered, particularly on the last working day, and closed in the green. It appears to have taken support near 200DMA and bounced back. However, technically, upside momentum is disturbed and it would regain the strength only above 5100. FIIs appeared to be covering their short positions indicating their unwillingness to continue short positions at lower levels. Astrologically, new Lunar month and Solar month have commenced which throw up conflicting signals but indicate general weakness over the next One month and Saturn and Mars continue to be in retrograde positions which does not augur well for the market. Further pullback seems to be possible but may not have enough strength to make a new high. From immediate short term perspective, it is better not to create any further long positions on rise but to reduce them, more so ahead of Budget, wherein steps for phased withdrawal of existing stimulus package might be initiated. (Very short term traders can consider longs with close below 4725 as stop loss. ) However, long term is quite bullish for India steeper falls can be utilized for buying with long term perspective.

Technically, 4950 and 4700 are quite crucial for the market and act as strong support and resistance. Astrologically, second half of the week might be better.
Technical Levels for the week :: Nifty is strong above 4855 with resistance around 4931, 4994 and weak below 4805 with supports around 4728, 4666 for the week.

Based on present market movement, Nifty would be in bullish zone above 4780 and in bearish zone below 4735 during the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4591, 4659, 4727, 4796, 4866, 4936, 5077 during the week.

Sensitive / Trend change Timings for the day ::10.30am; 2.30pm;

Intraday Trend for 15.02.10 ::

On the basis of planetary position, Market is expected to open steady / better and remain subdued from 10.30am and may become weak from 12.30pm to 2.30pm and may marginally recover towards close of the day.

Astro Technical Trading Strategy for the day :: Any time after 11.00am, if Nifty fut trades below Open and Average Price, high risk traders can take short positions with Day high as stop loss and such positions may be closed by end of the day. ( as very short term trend is not negative)

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 4840 with resistance around 4870, 4895 and 4930 and bearish below 4820 with supports around 4790, 4765 and 4725 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