CONFLICTING ASTRO AND TECHNICAL SIGNALS !!!

Astro Technical Guide for Monday, 12th April, 2010 and general outlook for the week::

Astro Info:: Moon transits in Poorvabhadra ruled by Jupiter upto 1.50pm and in Uttarabhadra ruled by Saturn thereafter. Persons born in Aswini, Makha and Moola constellations and in Aries and Leo zodiac signs are advised to be alert in their dealings .

Astro Technical Position for the week :: During the week, Nifty traded in a narrow range but experienced quite volatile movements within the range and gained about 1.30% and recorded weekly gain for the 9th week in succession. This reflects the confidence of FIIs, who are investing heavily, on Indian economy and the markets. Nifty became nearly bearish on Thursday when it closed near 5300 mark but retraced the entire fall on Friday with vengeance. Astrologically, current week is important as new Lunar month and Solar month would be commencing on 14th April. Lunarmonth chart , with ascendant rising in Virgo and 4 planets placed in 8th house, is quite bearish. Astrologically, correction is round the corner to take place any time before First half of May , including current week. Technically, markets are in Bull grip, though in overbought territory and Quarterly results season would be commencing this week beginning with Infosys. Technically, Nifty would turn bearish when it closes below 5300 and would continue to remain Bullish as long as it closes above 5380 and in neutral zone in between the above levels. Keeping these levels in view, appropriate trading strategy is to be worked out.


Technical Levels for the week :: Nifty is strong above 5390 with resistance around 5480, 5550 and weak below 5335 with supports around 5250, 5180 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5360 and in bearish zone below 5330 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5149, 5221, 5293, 5366, 5440, 5514 and 5588 during the week.

Sensitive / Trend change Timings for the day ::10.10am; 11.45am; 1.50pm;

Intraday Trend for 12.04.10:: On the basis of planetary position, Market is expected to open better and generally remain steady and to remain bullish from 12.45am to 1.45pm and become subdued / weak towards close of the day.
Communication stocks are likely to be subdued .Technology stocks may remain better while Cement/ Steel stocks may experience volatile movements.

Astro Technical Trading Strategy for the day :: After 10.30am, if Nifty fut trades above Average traded price and Open Price, long positions can be taken with Day low as stop loss and such positions can be closed by 12.30pm . After 2.00pm, if Nifty fut trades below Average Traded Price by atleast 10 points , short positions can be taken with a stop loss of about 10 points above Average Price and such positions can be closed by end of the day. (Intraday short positions are against the main trend, hence only high risk traders may attempt with strict stop loss and utmost caution).

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 5375 with resistance around 5410, 5435 and bearish below 5355 with supports around 5320, 5295 for the day.

Based on present market position, Nifty fut would be in bullish zone above 5355 and in Bearish zone blow 5340 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