Astro Technical Guide for Monday, 22nd November , 2010 and general outlook for the week::
Astro Info:: Moon transits in Rohini ruled by Moon and Persons born in Punarvasu, Visakha and Poorvabhadra constellations and persons born in Gemini and Libra Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Nifty continued its fall from previous week and lost more than 3% . After getting close to All time high on the Eve of Diwali, it could not go above the high and appears to have given up that effort for the time being.
Astrologically, Mars and Mercury conjunction (exact on 21/11/10) which had a good probability of bringing down the market played havoc this time too. Next bullish factor is on December 5th with Rahu and Mercury conjunction and would be followed up by another Mars and Mercury conjunction on 14/12/10, which might bring down the market considerably. Hence sell on rise concept is to be followed. During the week, 23rd afternoon appears to be crucial for bottoming out for the time being. Also, 22nd November is an important Gann Turn Date to be watched out. However, there is strong support around 5800 around which level Nifty might take support for a pull back upto 5th December. Investors might wait for the pullback to lighten positions for Medium term. Traders can consider taking short positions on rise (around 5th December) with 6100 / 6150 as stop loss.
Technical Levels for the week :: Nifty futures is strong above 5920 with resistance around 6015, 6090 and weak below 5860 with supports around 5765, 5690 for the week.Based on present market movement, Nifty fut would be in bullish zone above 6035 and in bearish zone below 5975 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5663, 5739, 5815, 5891, 5968, 6046, 6124, 6202 during the week.
Sensitive / Trend change Timings for the day ::10.20am; 11.30am; 12.40pm; 2.15pm;
Intraday Trend for 22.11.10: : (Volatile Movements with 11.30to 12.15 being Crucial/ sensitive !!! )Intraday Trend for 22.11.10:: On the basis of planetary position , Market is expected to remain generally subdued upto 10.45am and may recover thereafter with sensitive time between 11.30 and 12.15pm and remain volatile thereafter.
Astro Technical Trading Strategy for the day :: After 1.00pm, if Nifty fut trades below Average Price by about 10 points , short positions can be taken with a stop loss of 10 points above Average Price 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 face resistance around 5925 , 5945 and 5970 and supports around 5860, 5840 and 5815 for the day.
Based on present market position, Nifty fut would be in bullish zone above 5950 and in bearish zone below 5920 for Monday.Nifty generally bearish with strong resistance around 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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment