Conflicting Astro and Techncical Signals … !!!

Astro Technical Guide for Monday, 26th July, 2010 and general outlook for the week::

Astro Info:: Moon transits in Sravana ruled by Moon and Persons born in Punarvasu, Visakha and Poorvabhadra constellations and in Aquarius and Gemini zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the week :: Market gained about 1% amidst narrow movements during the week. Market was lackluster and sideways throughout the week except for closing hours of Thursday. Quarterly results and FII inflows continue to be encouraging. Global markets also appear to be out of danger. As mentioned in previous columns, technically, Nifty can test 5500+ levels which appears most likely now.
However, astrologically medium turbulent period has commenced with several geo cosmic events in the sky. Saturn Uranus Opposition on 26th July, Mars Saturn conjunction on 31st July and Jupiter Retrogression from 24th July, Saturn Venus conjunction on August 8th and Venus conjunctionMars on August 21st, Tsquare involving Pluto Jupiter and Saturn are the major geocosmic events which would rule the market from the current week on wards. Considering Astro and Technical position, market may start deep correction after the technical target of 5500+ is achieved. Hence caution is advised at higher levels as market might experience heavy volatility and can turn nervous any time . Since turbulence over a period of more than 2 months is expected, high degree of cautions is advised. (particularly as the index is at high level)
Stop loss for the current long positions may be maintained at 5375. However strong resistance for Nifty fut exists around 5480 and 5545.
Quarterly results, RBI’s Credit Policy and Global cues are expected to influence the market this week.

Technical Levels for the week :: Nifty futures is strong above 5475 with resistance around 5560, 5630 and weak below 5425 with supports around 5340 and 5275 for the week.
Based on present market movement, Nifty fut would be in bullish zone above 5425 and in bearish zone below 5385 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5293 ,5366,5440,5514 and 5588 during the week.


Sensitive / Trend change Timings for the day ::9.10am; 10.00am; 10.40am; 1.00pm;


Intraday Trend for 26.07.10: : (Volatile Movements)

Intraday Trend for 26.07.10:: On the basis of planetary position, Market is expected to open better but immediately may become subdued to recover after 10.00am to again become subdued after 12.00pm and again recover after 2.30pmweak but significantly recover after 11.30am . Over all, day is expected to display volatile movements with out any clear trend.
PSU Bank stocks are expected to be better while FMCG, Entertainment and Chemical stocks are expected to be subdued.
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 5460 with resistance around 5495 and 5520 and bearish below 5440 with supports around 5405, 5380 for the day.

Based on present market position, Nifty fut would be in bearish zone below 5445 and in bullish zone above 5460 for Monday.

Stop loss for Nifty futures positional trade is 5375 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