Conflicting Astro and Technical Signals …

Astro Technical Guide for Monday, 6th September, 2010 and general outlook for the week::
Astro Info:: Moon transits in Aslesha ruled by Mercury and Persons born in Krittika, Uttara and Uttarashadha constellations and in Leo and Sagittarius Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Market bounced back from support levels of around 5350 and gained about 1.50% during the week signifying the end of correction and further upward journey, technically. Nifty faces resistance around 5550, and if pierced convincingly can go up to 5650 – 5700. Alternatively, if Nifty does not cross previous high and goes below 5400 and breaches 5350, it can test the levels of 5200-5250. However, Nifty has been moving in a narrow range for the last 6 to 9 months without any proper trend. Astrologically, New Lunar month “Bhadrapada” would be commencing on 8th September . Lunar month chart suggests weakness from 11.9.10 to 24.9.10. Also, current transit of Mars over Libra from September 6th to October 20th suggests sharp declines around 22/9, 30/9, 7/10 and 18/10.
Considering Astro and Technical position, there are more risks than rewards at current juncture. Investors can wait for a sharp decline for their investments while traders can keep a close stop for their long positions which is presently 5450. Since Astro (my personal astro analysis, as Astrology, perse, can not go wrong) and Technical signals are conflicting with each other, it is to be seen which would prevail over the other. Technically, nifty faces strong resistance in the region of 5550 and Strong Support around 5450 /5350.
Technical Levels for the week :: Nifty futures is strong above 5510 with resistance around 5555, 5600, 5670 and weak below 5460 with supports around 5415, 5370 and 5300 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5450 and in bearish zone below 5415 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5221, 5366,5440,5514, 5588,5663 during the week.
Sensitive / Trend change Timings for the day ::9.20am; 12.45pm; 2.00pm;
Intraday Trend for 06.09.10: : (12.45 to 1.45 Crucial)Intraday Trend for 06.09.10:: On the basis of planetary position and global cues , Market is expected to open better and after initial hesistation is generally expected to better with crucial time (mostly bullish) from 12.45pm to 1.45 and may become subdued after 2.00pm.
PSU stocks are generally expected to be better

Astro Technical Trading Strategy for the day :: After 10.30am if Nifty fut trades above Open Price and without any upside gap from previous close, long positions can be taken which Low as stop loss and such positions may be closed by 2.00pm.

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 5503, 5522, and 5540 and find support around 5467 and 5448, 5430 during the day.
Based on present market position, Nifty fut would be in bearish zone below 5490 and in bullish zone above 5480 for Monday.Stop loss for Nifty futures positional trade (long ) is 5400 / 5450 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