Caution at higher Levels … !!!

Astro Technical Guide for Monday, 19th July, 2010 and general outlook for the week::

Astro Info:: Moon transits in Swathi ruled by Rahu and Persons born in Aslesha, Jyeshta and Revathi constellations and in Scorpio and Pisces zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the week :: Market gained less than 1% amidst narrow movements during the week. Though Nifty crossed 5400 during intraday movements, it could close marginally above 5400 only for One day and it appears to be facing significant selling pressure above 5400. Global markets also had a relief rally after reaching heavy oversold situation and might get into correction mode. While technically, Nifty might test 5500+ levels, it can take a U turn also if it closes below 5300. As already mentioned last week, Astrologically turbulent period is ahead beginning from 20th 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 the current week on wards. Hence caution is advised at higher levels as market might turn nervous later on.
Stop loss for the current long positions may be maintained at 5350. Quarterly results, Global cues are expected to influence the market this week.

Technical Levels for the week :: Nifty futures is strong above 5425 with resistance around 5510, 5580 and weak below 5370 with supports around 5285 and 5220 for the week.
Based on present market movement, Nifty fut would be in bullish zone above 5410 and in bearish zone below 5380 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 ::11.30am; 12.10pm;

Intraday Trend for 19.07.10: : (Recovery in Second half of the day)

Intraday Trend for 19.07.10:: On the basis of planetary position and Global cues , Market is expected to open weak but significantly recover after 11.30am .
Power, pharma stocks may remain subdued while FMCG, Entertainment and Tech stocks may recover in Second half of the day.

Astro Technical Trading Strategy for the day :: After 11.30am, 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 5408 with resistance around 5440 and 5465 and bearish below 5385 with supports around 5350, 5325 for the day.

Based on present market position, Nifty fut would be in bearish zone below 5390 and in bullish zone above 5375 for Monday.

Stop loss for Nifty futures positional trade is 5350 on close basis. However strong support for Nifty fut exists around 5275 and 5225.


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