Tuesday, March 2, 2010

FIRST HALF BETTER !! SECOND HALF WEAK !!!

Astro Technical Guide for Tuesday, 2nd March, 2010 and general outlook for the week::
Astro Info:: Moon transits in Uttara upto 12.30pm ruled by Sun and in Hastha thereafter ruled by Moon . Persons born in Punarvasu, Visakha and Poorvabhadra constellations and in Libra and Aquarius zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: During the week, Nifty gained on Friday on account of Budget and closed with a gain of about 1.5% for the week. Astrologically, current week is very crucial and Wednesday can reverse the trend and a big range day (mostly bearish). Caution is most important . If market closes in the negative territory this week, it can really pull down the market significantly. Wednesday should be watched carefully for any trend change. Astrologically, period from 5th to 17th March has 75% probability of being bearish. Saturn and Mars continue to be in retrograde positions which does not augur well for the market but Venus entry into Pisces is favourable for the market. Very short term traders who were advised to initiate long positions with close below 4800 as stop loss can continue long position with 4900 as stop loss. Technicaly, if current week closes in the positive , further upside is also possible Technically, 4900 and 5050 are quite crucial for the market and act as immediate strong support and resistance..
Technical Levels for the week :: Nifty is strong above 4950 with resistance around 5015, 5080 and weak below 4900 with supports around 4815, 4750 for the week.
Based on present market movement, Nifty would be in bullish zone above 4935 and in bearish zone below 4890 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: ,4727, 4796, 4866, 4936, 5077 during the week.
Sensitive / Trend change Timings for the day ::12.30pm; 1.30pm;
Trend for 02.03.10:: On the basis of planetary position, Market is expected to open steady / better and remain better in the first half and remain subdued / weak from 1.15pm to 3.15pm;
Astro Technical Trading Strategy for the day :: Any time after 1.00pm, 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 3.15pm. 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 4945 with resistance around 4975, 5005 and 5035 and bearish below 4920 with supports around 4890, 4860 and 4830 for the day. Based on present market position, Nifty fut would be in bullish zone above 4950 and in Bearish zone blow 4920 for Tuesday.
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

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