BEARISH QUARTER AHEAD ...!!!

Astro Technical Guide for Monday, 5th July, 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 :: Market ended lower by about 1% amidst narrow range movements and ended at lower end for the week suggesting possible further weakness. Our market is quite resilient when compared to global markets and Nifty has taken support at the key support level of 5220 during the week. Close below 5200 suggests further weakness and hopes of a new high would fade out. While quarterly results are likely to hold the key for this month, global cues are also likely to dictate the trend for the immediate term and most of the global indices indicate extreme weakness and are in oversold territory also. As already indicated last week, Astrologically, turbulent times are ahead in July(second half) and hence extreme caution is suggested and risk reward ration appears unfavourable for pure long positions at this level. During the week, Venus, coruler of finance, would be entering inimical Leo and conjoining Mars which does not augur well for the market.

Fresh shorts are suggested only below 5200 and existing short positions may be held with a stop loss of 5300. For July F&O series, Nifty futures is bullish above 5325 with resistance around 5420, 5480 and 5490 and Bearish below 5275 with Supports around 5190, 5010 and 4830. Traders are advised to keep the above levels in mind for this month.

There have been reports that Indian stock market has created a record by going up for the last 6 calendar quarters and has gone up more than 84%. However, Statistics don’t reveal full facts and bulk of this rise had come in the first 2quarters and there has been hardly any increase in the last 3 quarters and further market is yet to break its all time high recorded in Jan, 2008. This is only to drive the point of the kind of volatility in the markets that investors / traders should be prepared for. However, traders need to be very cautious in this quarter considering present market situation, technically and astrologically and also global factors and rise appears possible after September quarter. However, fundamentally Indian economy is on strong footing and any significant fall is to be utilized for long term investment.

Technical Levels for the week :: Nifty futures is strong above 5260 with resistance around 5350, 5420 and weak below 5215 with supports around 5130, 5060 for the week.
Based on present market movement, Nifty fut would be in bullish zone above 5280 and in bearish zone below 5255 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5077, 5149, 5221,5293 ,5366,5440 during the week.


Sensitive / Trend change Timings for the day ::9.40am; 12.00pm; 2.30pm;

Intraday Trend for 05.07.10: : (Recovery after Open )

Intraday Trend for 05.07.10:: On the basis of planetary position , Market is expected to open subdued and recover after 9.15am generally remain better for most part of the day and may become subdued in the last hour.
Communication, Tech stocks may remain subdued and FMCG, Entertainment stocks may recover during the day.

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above Open level by atleast 5 points, long positions can be taken with Day Low as stop loss and such positions may be closed by 2.30pm or be continued with strict 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 5250 with resistance around 5285 and 5310 and bearish below 5225 with supports around 5190, 5160 for the day.

Based on present market position, Nifty fut would be in bearish zone below 5250 and in bullish zone above 5270 for Monday.

Stop loss for Nifty futures positional trade is 5300 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 Investing and Trading..
Dr B Amaranatha Sastry