Astro Technical Guide for Monday, 2nd August, 2010 and general outlook for the week::
Astro Info:: Moon transits in Aswini ruled by Ketu and Persons born in Rohini, Hastha and Sravanam constellations and in Taurus and Gemini Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Market traded in a very narrow range and lost about 1.5% and appears to have lost its bullish momentum . While Astro (bearish) and Technical (bullish) threw up conflicting signals last week, they seem to be in sync with each other now. While FIIs continue to be buyers, quarterly results were a mixed bag . However, Global markets also appear to be out of immediate danger.
However, astrologically medium term turbulent period has commenced with several geo cosmic events (involving slow moving planets) in the sky. Mars and Saturn conjunction in Rasi and Navamsa ; Venus debilitation in Virgo; Mars aspect on Pluto ; Saturn aspect on Natal 2nd house ; Saturn Venus conjunction on August 8th 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. Minor Gann turning date is on August 5th. Considering Astro and Technical position, market may experience deep 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 5350., short positions can be taken and Stop loss for such short positions may be maintained at 5425 / 5475. 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 5400 with resistance around 5485, 5555 and weak below 5350 with supports around 5265 and 5200 for the week.
Based on present market movement, Nifty fut would be in bullish zone above 5420 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.
Sensitive / Trend change Timings for the day ::11.45am; 1.00pm; 3.00pm.
Intraday Trend for 02.08.10: : (Second Half Subdued)
Intraday Trend for 02.08.10:: On the basis of planetary position, Market is expected to open steady and remain better in the first hour and slowly become subdued and may become weak after 1.00pm.
Power, Cement and Steel stocks may become subdued in the second half of the day.
Astro Technical Trading Strategy for the day :: After 1.00pm, if Nifty fut trades below Average Traded Price by atleast 5 points, short positions can be taken with Stop loss of 10 points above 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 5385 with resistance around 5410 and 5435 and bearish below 5365 with supports around 55330 and 5305 for the day.
Based on present market position, Nifty fut would be in bearish zone below 5385 and in bullish zone above 5400 for Monday.
Stop loss for Nifty futures positional trade (short) is 5425 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
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