First half of the week Bearish !!!

Astro Technical Guide for Monday, 23rd May, 2010 and general outlook for the week::
Astro Info:: Moon transits in Hastha ruled by Moon upto 2.00pm and in Chitta ruled by Mars thereafter. 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 :: On account of global cues and meltdown down of global markets, Indian markets also nearly lost 3% during the week. As pointed out in the First week of May, Nifty lost nearly 8% during the week and is nearly very crucial technical support. If the support holds, market might recover in second half of the week. However, astrologically, many sensitive days (23/5/2010; 31/5/10; 8/6/2010) are still ahead However, being last week of F&O exiry, scrip specific action is most likely and most scrips are presently bearish. During the week, Mars would be moving to Leo after transiting for more than 7 months in Cancer. Jupiter and Saturn opposition on 23rd May is another significant geocosmic event during the week . 25th Morning and 26th Closing timings are quite sensitive favouring bearishness during the week. Technically, it would be safer if a U shaped recovery takes place rather than V shaped recovery which is not healthy for the market. Significant recovery should not be expected till end of May / First week of June due to impending Venus Ketu conjuction which is another bearish geocosmic signature. Technically too market seems to be getting into medium term weakness and another round of correction is possible after a pull back rally.
Strong Support for Nifty exists in the region of 4800 and Nifty may not fall below this level except for global cues. Reasonable pullback expected in June and short positions may be covered between 4800 and 4900 (or be held with strict trailing stop loss) and technically, Nifty becomes bullish (ceases to be bearish) when it closes above 5010.

Technical Levels for the week :: Nifty is strong above 4955 with resistance around 5035, 5100 and weak below 4900 with supports around 4820, 4750 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5000 and in bearish zone below 4950 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 4659, 4727, 4796, 4866, 4936, 5006, 5077, 5149 during the week.
Sensitive / Trend change Timings for the day :: 9.40am; 12.00pm; 2.00pm;

Intraday Trend for 24.05.10:: On the basis of planetary position , Market is expected to open better and remain weak between 12.00pm and 2.00pm and may remain volatile thereafter.
PSU stocks are expected to remain subdued in second half of the day.

Astro Technical Trading Strategy for the day :: If Nifty fut trades below Average Price by 10points, short positions can be taken with 10 points above Average Price as stop loss and such positions can be closed by 2.00pm or depending on market position be continued with 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 4940 with resistance around 4970 and 4995 and bearish below 4920 with supports around 4890 and 4865 for the day.


Based on present market position, Nifty fut would be in bearish zone below 4885 and in bullish zone above 4905 for Monday.

Stop loss for Nifty positional trade (short) is 5010 on close basis.
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