Astro Technical Guide for Monday, 7th June, 2010 and general outlook for the week::
Astro Info:: Moon transits in Revathi ruled by Mercury and Persons born in Krittika, Uttara and Uttarashadha constellations and in Aries and Leo zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: As expected, market gained more than 1% amidst volatile movements last week. During the current week too, volatile movements would be there and market is generally expected to be better. Technically uptrend would remain in tact as long as Nifty maintains above 5000 level. Astrologically, 8th June could witness hyper activity in view of the Jupiter and Uranus conjunction. Better to trade with bullish bias for June month. However, sudden surprises would be the order of the day. Bank stocks, IT stocks could be in the limelight.
Technical Levels for the week :: Nifty is strong above 5145 with resistance around 5230, 5295 and weak below 5095 with supports around 5010, 4945 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5055 and in bearish zone below 5015 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 :: 10.00am; 11.00am; 2.45pm;
Trend for 07.06.10: : (Recovery after Initial hour)
Intraday Trend for 07.06.10:: On the basis of planetary position , Market is expected to open weak and generally recover after First hour and may become subdued towards last hour.
Communication stocks could remain better while Entertainment, FMCG stocks could remain subdued.
Astro Technical Trading Strategy for the day :: After 10.00am, If Nifty fut trades above Open level, long positions can be taken keeping day low level as stop loss and such positions can be closed by end of the day.
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 5130 with resistance around 5160 and 5190 and bearish below 5110 with supports around 5080, 5055, 5010 and 4960 for the day.
Based on present market position, Nifty fut would be in bearish zone below 5090 and in bullish zone above 5110 for Monday.
Stop loss for Nifty positional trade (long ) is 5000 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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment