VOLATILE WEEK AHEAD... MONDAY SECOND HALF SUBDUED

Astro Technical Guide for Monday, 22nd February , 2010 and general outlook for the week::

Astro Info:: Moon transits in Rohini ruled by Moon . Persons born in Punarvasu, Visakha and Poorvabhadra constellations and in Gemini and Libra zodiac signs are advised to be alert in their dealings .

Astro Technical Position for the week :: During the week, markets were range bound and on account of global cues gave up most of the gains on the last day and closed nearly flat for the week. Current week is the Budget week and caution would be buzz word for this week. Current week, being F&O expiry week and also Union Budget to be presented on Friday, indicates extreme volatility with sector specific and scrip specific movements. Astrologically, current week appears to be quite volatile with aternate bouts of bullishness and bearishness without any clear trend. Saturn and Mars continue to be in retrograde positions which does not augur well for the market. 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 long positions with close below 4800 as stop loss. ) However, long term is quite bullish for India steeper falls can be utilized for buying quality stocks with long term perspective

Technically, 4950 and 4800 are quite crucial for the market and act as immediate strong support and resistance..

Technical Levels for the week :: Nifty is strong above 4870 with resistance around 4945, 5010 and weak below 4835 with supports around 4743, 4680 for the week.

Based on present market movement, Nifty would be in bullish zone above 4870 and in bearish zone below 4835 during the week .
WD Gann’s natural numbers which would act as natural support and resistance are ::
4659, 4727, 4796, 4866, 4936, 5077 during the week.

Sensitive / Trend change Timings for the day ::9.30am; 11.00am; 1.30pm;

Intraday Trend for 22.02.10 ::

On the basis of planetary position, Market is expected to open steady / better and remain better in the first half and remain subdued / weak in the second half of the particularly from 12.30 to 3.00pm.

Astro Technical Trading Strategy for the day :: Any time after 12.30pm, if Nifty fut trades below Average Price by atleast 10 points , short positions can be taken with Day high as stop loss 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 4855 with resistance around 4885, 4910 and 4945 and bearish below 4835 with supports around 4805, 4765 and 4780 for the day.
Based on present market position, Nifty fut would be in bullish zone above 4850 and in Bearish zone blow 4830 for Monday.

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