Correction…..!!! Build Medium Term Positions….. !!!

Astro Technical Guide for Monday, 11th October, 2010 and general outlook for the week::
Astro Info:: Moon transits in Anuradha ruled by Saturn and Persons born in Bharani, Pubba and Poorvashadha constellations and in Sagittarius and Aries Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: After Five weeks of significant rise, Nifty closed in the negative last week with less than 1% fall amidst narrow movements. Technically, medium term market continues to be in Bull grip and any correction needs to be utilized for medium / long term buying. Astrologically, too, negative factors seem to be slowly losing strength, particularly after 20th October. While Venus and Jupiter, planets signifying money, wealth , currency and exchange rates continue to be retrograde, sentiment generally appears to be getting better with exalted Mercury, planet representing trade and commerce and conjunction of slow moving planets. FII investment may come in a big way towards Mid November with Rahu and Pluto rapt conjunction in Sagittarius, sign owned by Jupiter. Current transit of Mars over Libra suggests correction around 18th October. It may be noted that Market had fallen on October 7 and 8th as indicated in last Monday’s column. Any fall that may happen before 20th October may be utilized for Medium term long positions. Technically, nifty seem to be correcting from 6248 and this correction may last till 6050 or 5900 before another rise. However, current month is Bullish only as long as it maintains above 6050. Hence trading positions need to be taken with caution.
Technical Levels for the week :: Nifty futures is strong above 6160 with resistance around 6215, 6265, 6345 and weak below 6100 with supports around 6050, 6000 and 5925 for the week.Based on present market movement, Nifty fut would be in bullish zone above 6190 and in bearish zone below 6155 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5891, 5968, 6046, 6124, 6202, 6281,6361 and 6441 during the week.
Sensitive / Trend change Timings for the day ::9.30am; 10.40am; 1.35pm;
Intraday Trend for 11.10.10: : (9.30am to 11.30am Better !!! )Intraday Trend for 11.10.10:: On the basis of planetary position , Market is expected to remain better from 9.15am to 11.30am and remain steady thereafter and again remain better after 1.30pm.
Cement, Steel, Communication and Tech stocks are expected to generally remain better.

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above Open Price and Average Price , long positions can be taken with Low rate as stop loss and may be closed by 11.30am incase of significant profit or be continued with trailing stop loss till 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 6145 with resistance around 6165 , 6185 and 6225 and bearish below 6125 with supports around 6105, 6085 and 6055 for the day.
Based on present market position, Nifty fut would be in bullish zone above 6140 and in bearish zone below 6125 for Monday.Immediate resistance is seen at 6200 / 6250 and immediate supports at 6100 and 6050.
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