Astro Technical Guide for Monday, 20th September, 2010 and general outlook for the week::
Astro Info:: Moon transits in Dhanishta ruled by Mars and Persons born in Pushyami, Anuradha and Uttarabhadra constellations and in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Market witnessed one of the most powerful surge last week reminding year 2007 rallies as FIIs continue to pour in funds. Nifty gained more than 4.50% during the week. As indicated last week, Nifty came out of the narrow range when it moved past the previous high level of 5550 and continued to rally without halt. Certain positive astro factors such as Jupiter conjunction Uranus; Venus ingress into Libra, own sign and Mercury trine Rahu were some of the bullish factors which dominated the bearish factors of Jupiter/Uranus Opp. Saturn, Mars in Libra , Saturn’s aspect on Natal 2nd house etc., Since Jupiter and Uranus conjunction is getting separated, top for the market and particularly Bank stocks could be in place. Technically, market is in very strong uptrend and also in over bought state. Technically, any fall in the market should be utilized for buying. Astrologically, Sun Saturn conjunction and Sun Jupiter Opposition, Mars transit over Libra are the major bearish factors and bearish factors appear to outnumber bullish factors unlike last fortnight. In view of the above, high degree of caution is advised at higher levels, and risk reward ratio for the immediate short term considering Astro and Techncals is highly negative. Further an important Gann Turn Date is falling this week on 22nd September around which time (from 23/9/10), reversal can be expected. However, technically, any fall upto 5775 / 5700 is to be utilized for buying. Also, current transit of Mars over Libra from September 6th to October 20th suggests declines around 22/9, 30/9, 7/10 and 18/10. Technical position of the markets suggest more optimism, while Astro indicators suggest caution and impending trouble ahead from current week
till mid October.
Traders can keep a close stop for their long positions which is presently 5775 / 5650.
Technical Levels for the week :: Nifty futures is strong above 5940 with resistance around 5985, 6035, 6110 and weak below 5880 with supports around 5835, 5785 and 5710 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5815 and in bearish zone below 5765 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5663,5739,5815, 5891, 5968, 6046 during the week.
Sensitive / Trend change Timings for the day ::10.35am; 1.35pm; 3.00pm;
Intraday Trend for 20.09.10: : (First Half Subdued )Intraday Trend for 20.09.10:: On the basis of planetary position, Market is expected to fall after opening and generally remain subdued in the first half of the day and may remain steady in second half of the day and may recover towards close of the day..
Bank and Tech stocks may remain subdued while FMCG stocks may remain better.
Astro Technical Trading Strategy for the day :: After 9.30am if Nifty fut trades below Open Price and Average Price , short positions can be taken which High as stop loss and such positions may be closed by 1.30pm. Intraday short positions are against the main trend of the market and requires very close monitoring and strict 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 be bullish above 5920 with resistance around 5940 , 5960 and 5985 and bearish below 5895 with supports around 5880, 5865 and 5835 for the day.
Based on present market position, Nifty fut would be in bearish zone below 5880 and in bullish zone above 5895 for Monday.Stop loss for Nifty futures positional trade (long ) is 5775 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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