Astro Technical Guide for Monday, 27th September, 2010 and general outlook for the week::
Astro Info:: Moon transits in Bharani ruled by Venus and Persons born in Mrigasira, Chitta and Dhanishta constellations and in Taurus and Virgo Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Last week witnessed bullish opening and bullish closing day with steady / subdued midsession and Nifty gained more than 2.50% during the week amidst huge FII investment. Technically, Nifty having come out of the consolidation of several months when it moved past the previous high level of 5550 and is expected to reach a swing target of about 6150. Huge FII Investment is the main reason for this bullishness which is mainly witnessed in Index based stocks and several midcap counters are yet to witness momentum . There are certain negative astro factors this week such as Sun Saturn conjunction and square aspect with Nodes and opposition with Jupiter / Uranus which may destabilize the momentum . However, strong FII Investment which may take a breather / pause After September 28th which may again gather momentum later till mid November. During the week 30th September which is also the F&o expiry day may witness some important movement and may turn out to be a big range day (mostly bearish). As we might be nearing the swing top, expected to be about 6150, high degree of caution is advised and Buying is recommended only on retracements, which, however is taking place sectorwise / scripwise. However, technically, any fall upto 5875 / 5750 is to be utilized for buying. Also, current transit of Mars over Libra from September 6th to October 20th suggests declines around 22/9(market declined marginally on 22/9 and 23/9), 30/9, 7/10 and 18/10. Technical position of the markets suggest more optimism(market overbought and nearing likely swing top) , while Astro indicators suggest caution and impending trouble ahead
till mid October.
Traders can keep a close stop for their long positions which is presently 5950/5875/5725.
Technical Levels for the week :: Nifty futures is strong above 6060 with resistance around 6110, 6155, 6235 and weak below 6000 with supports around 5950, 5900 and 5825 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5995 and in bearish zone below 5940 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5815, 5891, 5968, 6046, 6124, 6202, 6281 during the week.
Sensitive / Trend change Timings for the day ::11.30am; 1.20pm; 2.35pm;
Intraday Trend for 27.09.10: : (Opening and Closing Better !!! )Intraday Trend for 27.09.10:: On the basis of planetary position and global cues , Market is expected to open better and may remain steady / subdued thereafter and recover after 11.30 / 1.30 and closed better for the day. Today’s intraday subduedness may be utilized for buying for the close and also for next day.
Communication / Tech stocks are expected to be better while PSU stocks may remain subdued.
Astro Technical Trading Strategy for the day :: After 12.30pm, if Nifty fut trades above Average Price , long positions can be taken which as stop loss of about 10 points below Average Price and such positions may be closed by end of the day or may also be carried forward to next day opening also.
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 6045 with resistance around 6080 , 6110 and 6130 and bearish below 6020 with supports around 5980, 5950 for the day.
Based on present market position, Nifty fut would be in bearish zone below 6010 and in bullish zone above 5990 for Monday.Stop loss for Nifty futures positional trade (long ) is 5875 / 5950 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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