Astro Technical Guide for Monday, 4th October, 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 :: Last week witnessed thunderous movements towards week end beginning Last hour of Thursday to close the market up by more than 2% amidst huge FII investment. As mentioned last week, Nifty is close to the swing top 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 .
Venus Retro Position :: During the week, Venus, planet symbolizing Money, Banking, Currencies and Exchange rates, is becoming retro from October 8th till November 18th. Astrologically, current week is crucial with several cosmic alignments with Venus Retrograde station, Pluto on the Mid point of Jupiter and Saturn, Saturn and Mercury conjunction and Venus and Mars conjunction inaddition the New Lunar Month commencing from October 8th. Venus Retro peiod is associated with Tightening of flow of money, General Decline in Business Activity and Key turning points in Markets . Last year our market bottomed out when Venus turned retro on March 7th 2009. This year is to be observed about the turning point as Market is already at the top having gone up more than 750 points in the last One month.
However, astrologically, FII Investment is going to come in a big way in the forth coming period till Mid November which is positive for our Market. 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(declined on 29th and declined till 2.30pm on 30th and rose later due to short covering due to F&o expiry), 7/10 and 18/10. Technical position of the markets suggest more optimism (swing top of 6150 / 6200 nearly achieved) , while Astro indicators suggest caution.
Traders can keep a close stop for their long positions which is presently 6000.
Technical Levels for the Month and the week :: For October month, Nifty is strong above 6080 with Resistance around 6190, 6270, 6400 and 6600 and weak below 6000 with supports around 5940, 5860, 5730 and 5525 for the month.
For the current week, Nifty fut is strong above 6190 with resistance around 6240, 6290 and 6370 and weak below 6130 with supports around 6080, 6030, 5950 for the week..
Based on present market movement, Nifty fut would be in bullish zone above 6090 and in bearish zone below 6040 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 ::10.20am; 12.00pm; 2.00pm;
Intraday Trend for 04.10.10: : (Midsession Better !!! )Intraday Trend for 04.10.10:: On the basis of planetary position , Market is expected to remain better from 9.45 to 2.00pm and may remain steady / subdued thereafter. Oil stocks are expected to be volatile.
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 day low as stop loss and such positions may be closed by about 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 be bullish above 6175 with resistance around 6195 , 6215 and 6240 and bearish below 6150 with supports around 6130, 6110 and 6080 for the day.
Based on present market position, Nifty fut would be in bearish zone below 5990 and in bullish zone above 6020 for Monday.Stop loss for Nifty futures positional trade (long) is 6000 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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