Bullish Week Ahead of Bearish Month … !!!

Astro Technical Guide for Monday, 12th July, 2010 and general outlook for the week::

Astro Info:: Moon transits in Punarvasu ruled by Jupiter upto 2.00pm and in Pushyami ruled by Saturn thereafter and Persons born in Aswini, Makha and Moola constellations and in Leo and Sagittarius zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the week :: Market gained about 2% and closed at the upper band for the week signifying further bullishness. Technically, if Nifty makes a new high further rise upto 5500 to 5550 is possible in the coming weks. In view of the extremely oversold position of world markets, there has been a relief rally in global markets. Astrologically turbulent period is ahead beginning from 21st July when Mars enters Virgo to conjoin Saturn. Saturn Uranus Opposition on 26th July, Mars Saturn conjunction on 31st July and Jupiter Retrogression from 24th July are the major geocosmic events which would rule the market from next week on wards. Hence current rise may be utilized to liquidate long positions or to hedge the portfolio against any fall in the coming month(s). In the medium term, risk reward ratio for long positons (particularly after the expected rise) is not expected to be favourable. Stop loss for the current long positions may be maintained at 5270 / 5225 and further long positions may be added above 5400. Quarterly results, Global cues are expected to influence the market this week.

Technical Levels for the week :: Nifty futures is strong above 5375 with resistance around 5460, 5530 and weak below 5325 with supports around 5240 and 5170 for the week.
Based on present market movement, Nifty fut would be in bullish zone above 5315 and in bearish zone below 5290 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5221,5293 ,5366,5440,5514 and 5588 during the week.


Sensitive / Trend change Timings for the day ::11,45am; 2.05pm;

Intraday Trend for 12.07.10: : (Recovery towards Close of the day amidst Volatile Movements )

Intraday Trend for 12.07.10:: On the basis of planetary position , Market is expected to open steady / better and remain subdued in the first hour and to experience volatile movements and may recover towards close of the day. (after 2.30pm).
Bank, Metal and Tech stocks are likely to be before , particularly towards close of the day.

Astro Technical Trading Strategy for the day :: After 2.00pm, if Nifty fut trades above Average Traded Price by atleast 5 points, long positions can be taken with Stop loss of 10 points below Average Price and such positions may 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 5360 with resistance around 5395 and 5420 and bearish below 5340 with supports around 5310, 5280 for the day.

Based on present market position, Nifty fut would be in bearish zone below 5350 and in bullish zone above 5335 for Monday.

Stop loss for Nifty futures positional trade is 5280 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