SUDDEN SURPRISES LEADING TO INCREASED VOLATILITY !!!

Astro Technical Guide for Monday, 26th April, 2010 and general outlook for the week::

Astro Info:: Moon transits in Hastha 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 :: Contrary to expectations, market gained 0.70% during the week, thanks to RBI’s credit policy and buoyant Banking stocks. Nifty closed marginally above 5300 . In view of the narrow movements generally throughout the month, technical bullish and bearish levels have narrowed down and it is better to remain bullish when it closes above last week’s high of 5345. Corporate results, F&O positions on account of expiry on Thursday, Global cues and FII behaviour is expected to influence the market sentiment this week. However, astrologically, there are expected to be sudden surprises , misguided information in the markets which would lead to increased volatility in the market. 27 and 29th are the key dates to watch during the week. Technically, Nifty would turn significantly bullish when it closes above 5345 and bearish below 5235.

Keeping the above in view, appropriate trading strategy is to be worked out.



Technical Levels for the week :: Nifty is strong above 5330 with resistance around 5416, 5485 and weak below 5275 with supports around 5190, 5125 for the week.
Based on present market movement, Nifty fut would be in bullish zone above 5275 and in bearish zone below 5235 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5149, 5221, 5293, 5366, 5440, 5514 during the week.


Sensitive / Trend change Timings for the day ::9.25am; 11.35am; 1.55pm;



Intraday Trend for 26.04.10:: On the basis of planetary position, Market is expected to open steady and may remain subdued from 9.30am to 11.30am and may recover there after till about 2.00pm to fall thereafter. In view of the zigzag movement expected, better to book profits at regular intervals .

PSU stocks are expected to be subdued.



Astro Technical Trading Strategy for the day :: After 11.30am, if Nifty fut trades above Average traded price and preferably Open Price also, long positions can be taken with Day low as stop loss and such positions can be closed by 1.45pm; Any time after 2.00pm, if Nifty fut appears to be becoming weak or 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.



Open level is generally 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 5320 with resistance around 5350, 5375 and bearish below 5300 with supports around 5270, 5245 for the day.



Based on present market position, Nifty fut would be in bullish zone above 5300 and in Bearish zone blow 5285 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