"CAUTION ",the buzz word !!!

Astro Technical Guide for Monday, 5th April, 2010 and general outlook for the week::
Astro Info:: Moon transits in Moola ruled by Ketu . Persons born in Rohini, Sravanam and Hastha constellations and in Capricorn and Taurus zodiac signs are advised to be alert in their dealings .
Astro Technical Position for the week :: During the week, Nifty closed flat for the week and continued its upward march for the 8th consecutive week. It has been moving in a narrow range for the past Two weeks and ended indecisively for the week forming a Doji pattern technically. FIIs continue to be net buyers and global and domestic cues continue to be positive. Since Quarterly / Annual results season is about to kick off from the next week, economic fundamentals appearing to be bright, markets should do well fundamentally and technically. While markets are expected to be generally good in the medium to long term, nature of the market is generally to discount the future in advance and to surprise the market participants in the short term. Astrologically, tough period is ahead in the coming weeks and sizeable correction is to be expected over the next One month with possibility being around 16th April and again in First week of May. Hence caution is advised and whenever, technically, market becomes weak, better to exit long positions and to reenter after correction.
Technically, Nifty would turn nervous only when it closes below 5250 and generally strong above 5300 and in neutral range between 5250 and 5300. Keeping these levels in view, appropriate strategies are to be worked out.

Technical Levels for the week :: Nifty is strong above 5315 with resistance around 5400, 5470 and weak below 5265 with supports around 5180, 5110 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5305 and in bearish zone below 5285 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5077, 5149, 5221, 5293, 5366 and 5440 during the week.
Sensitive / Trend change Timings for the day ::10.45am; 2.25pm;

Trend for 05.04.10:: On the basis of planetary position, Market is expected to open steady/ better and generally remain subdued in the first half of the day and may exhibit volatile movements (mostly inclined towards bullishness) in the second half of the day.
Communication, Entertainment / FMCg stocks are expected to be better while Pharma , power stocks may remain subdued.

Astro Technical Trading Strategy for the day :: After 10.00am, if Nifty fut trades below Average traded price and Open Price, short positions can be taken with Day high as stop loss and such positions can be closed by 12.30pm . After 1.00pm, if Nifty fut trades above Average Traded Price , long positions can be taken with a stop loss of about 10 points below Average Price and such positions can 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 5310 with resistance around 5340, 5370 and bearish below 5290 with supports around 5260, 5230 for the day.

Based on present market position, Nifty fut would be in bullish zone above 5305 and in Bearish zone blow 5290 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