Another Crucial Week….. !!!

Astro Technical Guide for Monday, 1st November , 2010 and general outlook for the week::
Astro Info:: Moon transits in Makha ruled by Ketu and Persons born in Rohini, Hastha and Sravana constellations and persons born in Virgo and Capricorn Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Nifty closed marginally weak last week amidst bearish sentiment coupled with F&O expiry week. Technically too current week is very crucial as a positive week (close above 6125) would mean further rise while a negative with close below 5975 would dampen the sentiment and take the market downwards. Last week witnessed lower lows on intra week basis but closed above the crucial level of 6000 / 5950. Astrologically, planetary position suggests dual movement with certain positive and certain negative factors . Venus and Jupiter continue to be retrograde and sidereal Jupiter moving to Aquarius on 1st Novemebr and Mars transiting in Libra Navamsa from 3rd November. Mercury, planet representing trade and commerce, also would move to inimical Scorpio by week end. Most of these point towards more negative sentiment except for Rahu and Pluto conjunction indicating positive FII inflows. Based on Astro and Technical position, end of the week is very important for further direction of the market which is presently inclined towards bearishness. . Technically, Nifty would be bullish if it closes above 6125 and become bearish below 5950.
Technical Levels for the week :: Nifty futures is strong above 6070 with resistance around 6165, 6245and weak below 6010 with supports around 5915, 5835 for the week.Based on present market movement, Nifty fut would be in bullish zone above 6095 and in bearish zone below 6050 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5891, 5968, 6046, 6124, 6202, 6281, during the week.
Sensitive / Trend change Timings for the day ::10.05am; 10.30am; 2.00pm;
Intraday Trend for 01.11.10: : (Mid Session Better !!! )Intraday Trend for 01.11.10:: On the basis of planetary position , Market is expected to remain steady / better in the first half with critical time between 10.00am to 11.00am and is expected to be generally better in midsession and to become steady towards close of the day.
Power and Pharma stocks are expected to be volatile while FMCG Entertainment stocks may remain better.

Astro Technical Trading Strategy for the day :: After 10.00am if Nifty fut trades above Open Price and Average Price by about 10 points , long positions can be taken with Low Level as stop loss and such positions may be closed by 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 6055 with resistance around 6075 , 6095 and 6120 and bearish below 6025 with supports around 6005, 5985 and 5955 for the day.
Based on present market position, Nifty fut would be in bullish zone above 6030 and in bearish zone below 6005 for Monday.Immediate resistance is seen at 6125 and immediate supports at 5950.
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