Caution continues to be the buzz word …

Astro Technical Guide for Monday, 16th August, 2010 and general outlook for the week::
Astro Info:: Moon transits in Visakha ruled by Jupiter and Persons born in Aswini, Makha and Moola constellations and in Scorpio and Pisces Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Market closed flat for the week amidst volatile movements during the week and the way it has pulled up from lower levels suggests further bullishness. While Astro indications are bearish and Technical indications do not seem to be suggesting immediate bearishness unless Nifty closes below 5400.
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 Solar month commencing from Tues day is to be observed. Considering Astro and Technical position, nifty, if maintained above 5400 level can test upto 5550 before experiencing significant correction in the forthcoming period. However, Nifty continues to be in a very narrow range suggesting a big move either side. However, considering the present level of high index, upside may be limited and risk reward ratio for the long positions at the current level may not be favourable. 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 5480 with resistance around 5535, 5580 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 5440 and in bearish zone below 5400 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 ::9.15am;12.10pm; 1.15pm;
Intraday Trend for 16.08.10: : (Midsession Better)
Intraday Trend for 16.08.10:: On the basis of planetary position, Market is expected to open steady and remain subdued from 9.15 and may recover from 11.15am; Time from 12.15pm to 1.15pm is sensitive and may dictate the course for the day.
PSU , Bank stocks are expected to be subdued while Communication may fare better.

Astro Technical Trading Strategy for the day :: After 11.30am, if Nifty fut trades above Average Traded Price , long positions can be taken with a stop loss of 10 points below Average Price and such may be closely monitored after 1.30pm with trailing and tight 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 face resistance around 5476 and 5495 and find support around 5440 and 5420 during the day.
Based on present market position, Nifty fut would be in bearish zone below 5444 and in bullish zone above 5460 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