Further Recovery amidst Volatility !!!

Astro Technical Guide for Monday, 31st May, 2010 and general outlook for the week::

Astro Info:: Moon transits in Poorvashadha ruled by Venus and Persons born in Chitta, Dhanishta and Mrigasira constellations and in Capricorn and Taurus zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: As expected, market fell in the first half of the week and after making a new low below 4800, recovered smartly to close the week with a gain of 2.50% indicating minor uptrend. May month witnessed high volatility and this volatility might continue in future also. Saturn gets into direct motion indicating possible recovery in Oil and Metal stocks. Venus and Ketu conjunction at the beginning of the week is a bearish signature. Current week is also expected to witness highly volatile movements with frequent rise and fall inclined towards bullishness. Technically, minor uptrend would be intact as long as Nifty holds above 4925 and is expected to face resistance around 5125 and 5225. Technical Levels for current F&O series would be :: resistance around 5130, 5200 and 5300 and Supports around 4920 and 4850 and 4750 .
However, 5000 is the key level above which only bullishness for the month would be there and below that level it would be generally bearish. Sudden surprises could be the order of the day in the Market and traders need to be extra cautious.

Technical Levels for the week :: Nifty is strong above 5065 with resistance around 5150, 5225 and weak below 5015 with supports around 4935, 4850 for the week.Based on present market movement, Nifty fut would be in bullish zone above 4950 and in bearish zone below 4890 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 4796, 4866, 4936, 5006, 5077, 5149, 5221 during the week.
Sensitive / Trend change Timings for the day :: 9.40am; 1.40pm;

Trend for 31.5.10: : (Second half Better)

Intraday Trend for 31.05.10:: On the basis of planetary position , Market is expected to open weak and generally recover in second half of the week.
Communication stocks could remain better while Entertainment, FMCG stocks could remain subdued.

Astro Technical Trading Strategy for the day :: After 1.00pm, If Nifty fut trades above Average Price by 10points, long positions can be taken with stop loss of 10 points below Average Price and such positions can be closed by end of the day. (Alternatively, high risk traders can take long positions in the forenoon at support levels with 4990 as 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 5050 with resistance around 5080 and 5105 and bearish below 5030 with supports around 5000, 4974 and 4935 for the day.


Based on present market position, Nifty fut would be in bearish zone below 5020 and in bullish zone above 5035 for Monday.

Stop loss for Nifty positional trade (long ) is 4925 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