Possibility of Further Bullishness But Be cautious at higher levels … !!!

Astro Technical Guide for Monday, 14h June, 2010 and general outlook for the week::
Astro Info:: Moon transits in Punarvasu ruled by Jupiter and Persons born in Aswini, Makha and Moola constellations and in Cancer and Scorpio zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Market ended flat last week amidst volatile movements . However, it closed near top end for the week signifying further bullishness. Technically market appears to be slowly becoming bullish.(bullishness to continue as long as Nifty maintains above 5050) . Astrologically, week would be beginning in a new Lunar month, Jyeshta and New Solar month also would be commencing on Tuesday. New monthly Solar and Lunar charts do not promise continuation of bull trend but advise caution at higher levels and on a monthly basis, market might show decline by mid July. Sun moves to Gemini squaring Jupiter and Saturn , planets of Optimism and Pessimism. Since positive and negative forces are present , long positions at higher levels can be considered risky and demands high degree of caution. High degree of volatility would continue to rule the market Considering both Technical charts and planetary positions, caution is advised at higher levels and there may not be immediate threat to the bull trend. However, sudden surprises would be the order of the day.

Technical Levels for the week :: Nifty is strong above 5140 with resistance around 5225, 5290 and weak below 5090 with supports around 5005, 4940 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5060 and in bearish zone below 5020 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 4936, 5006, 5077, 5149, 5221,5293 ,5366 during the week.
Sensitive / Trend change Timings for the day :: 9.15am; 12.20pm; 1.15pm;

Trend for 14.06.10: : (Steady Movements with subdued second half )

Intraday Trend for 14.06.10:: On the basis of planetary position , Market is expected to open steady and generally remain steady and may become subdued in second half of the day.
Power stocks are generally expected to be subdued.

Astro Technical Trading Strategy for the day :: After 1.00pm, If Nifty fut trades below Average Traded Price by atleast 5 points, short positions can be taken with a stop loss of 10 points above Average Price and such positions to be closed by end of the day. (Intraday short positions is against the short term trend of the market).

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 5125 with resistance around 5155 and 5180 and bearish below 5100 with supports around 5070, 5045 for the day.


Based on present market position, Nifty fut would be in bearish zone below 5120 and in bullish zone above 5105 for Monday.

Stop loss for Nifty positional trade (long ) is 5050 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