BE CAUTIOUS AT HIGHER LEVELS !!!

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

Astro Info:: Moon transits in Rohini upto 1.20pm ruled by Moon and in Mrigasira ruled by Mars thereafter . 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, Nifty continued its upward march for the 6th week in succession and gained more than 2% and closed at weekly high level and also nearer to yearly high. After the close of market hours on Friday , RBI announced certain monetary measures in the form of hike in Repo and Reverse Repo rate by 25 basis points, to contain inflation. Though such a hike is expected in April Policy meet, it was announced a bit early and market men expect lower opening on Monday. With F&O expiry coming Thursday on 25th March and markets being highly bullish so far, technically, it would be difficult to expect a total reversal this week. But high degree of cautions is advised around previous high level and close below 5200 for Nifty would signal first sign of weekness. Astrologically, Sun opposition Saturn on Monday would mean high degree of conflict and not a happy situation for market in the coming days , particularly from First week of April (6th April ) till 17th April . Technical level below which Nifty would become weak would be advised daily in this writeup and Astrological factors anyway advise caution and when market bends and goes below the technical level also, considerable fall can be expected in the first half of April, 2010.

Technical Levels for the week :: Nifty is strong above 5295 with resistance around 5380, 5450 and weak below 5245 with supports around 5160, 5090 for the week.Based on present market movement, Nifty would be in bullish zone above 5210 and in bearish zone below 5175 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 4936, 5077, 5149, 5221, 5293, 5366 and 5440 during the week.
Sensitive / Trend change Timings for the day ::10.20am; 1.20pm;

Trend for 22.03.10:: On the basis of planetary position, Market is expected to open subdued and is expected to particularly recover between 10.20 and 11.15am and to become weak from 11.40 and to 1.50pm and remain subdued thereafter.

Power, Infra and Bank stocks may remain subdued.

Astro Technical Trading Strategy for the day :: Any time after 11.30am, if Nifty fut trades below Average traded price by atleast 10 points, short positions can be taken with Day high as stop loss and such positions can be closed by 1.45pm or be continued with strict trailing stop loss.

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 5280 with resistance around 5312, 5340 and bearish below 5260 with supports around 5228, 5201 and 5160 for the day.

Based on present market position, Nifty fut would be in bullish zone above 5270 and in Bearish zone blow 5260 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 . Whether Stock market is suitable or not is determined based on Individual natal chart and that would be helpful to determine one’s favourable / unfavourable period .
Trade only with stop loss..
Happy Trading..
Dr B Amaranatha Sastry