Caution ahead of Medium term Bearishness …

Astro Technical Guide for Monday, 9th August, 2010 and general outlook for the week::

Astro Info:: Moon transits in Pushyami ruled by Saturn and Persons born in Bharani, Pubba and Poorvashadha constellations and in Leo and Sagittarius Zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the week :: Market traded in positive territory amidst narrow range and gained about 1.5% and appears to be facing significant resistance at higher levels. While Astro indications are bearish and Technical indications are in the process of becoming bearish but not yet bearish. If Nifty closes below 5400, it becomes bearish.

However, astrologically medium term turbulent period has commenced with several geo cosmic events (involving slow moving planets) in the sky. Venus debilitation in Virgo; Mars aspect on Pluto ; Saturn aspect on Natal 2nd house ; and Venus Mars conjunction 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. Further, new Lunar month is commencing from Tuesday and the planetary position indicates bearishness during the lunar month. Nifty recorded a high on Gann turn date of August 5th. Considering Astro and Technical position, market may experience significant correction in the forthcoming period. 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)
Technically, if Nifty fut closes below 5400., short positions can be taken and Stop loss for such short positions may be maintained at recorded high level by that time. However strong Support for Nifty fut exists around 5280 and 5225 , below which it becomes very bearish.

Technical Levels for the week :: Nifty futures is strong above 5470 with resistance around 5525, 5560 and weak below 5430 with supports around 5375 and 5340 for the week.
Based on present market movement, Nifty fut would be in bullish zone above 5450 and in bearish zone below 5430 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5221, 5293 ,5366,5440,5514 during the week.
Strong resistance for Nifty fut is placed at 5545.


Sensitive / Trend change Timings for the day ::9.45am; 11.20am; 12.45pm;


Intraday Trend for 09.08.10: : (Midsession Subdued)

Intraday Trend for 09.08.10:: On the basis of planetary position, Market is expected to open steady and remain subdued from 10.00am and may recover after 12.30pm and may become steady towards close of the day.
Power, Pharma, Cement and Steel stocks could remain better.

Astro Technical Trading Strategy for the day :: After 9.45am, if Nifty fut trades below Open Price and Average Traded Price , short positions can be taken with Day high as stop loss and such positions may be closed by 12.30pm.

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 face resistance around 5468 and 5490 and find support around 5431 and 5413 during the day.

Based on present market position, Nifty fut would be in bearish zone below 5455 and in bullish zone above 5445 for Monday.

Stop loss for Nifty futures positional trade (long ) is 5400 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