Astro Technical Guide for Monday, 29th November , 2010 and general outlook for the week::
Astro Info:: Moon transits in Pubba ruled by Venus and Persons born in Mrigasira, Chitta and Dhanishta 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 continued its fall from previous week and lost more than 2% . This week’s fall can be attributed to Housing Loan Bribery / Scam and also usual F&O settlement closing jitters. 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. Any pullback of the present week may be utilized to reduce long positions as Medium term does not appear to be promising. Medium term outlook becomes bullish only on close above 6050 / 6100. Major changes are to be expected after December 6th and 15th. There is strong support around 5700, around which level Nifty might take support for a pull back upto 5th December. Below 5700, next major support is at 5550. Investors might wait for the pullback to lighten positions for Medium term. Traders can consider taking short positions on rise (around 5th December) with 6050 as stop loss.
Technical Levels for the week :: Nifty futures is strong above 5805 with resistance around 5900, 5975 and weak below 5745 with supports around 5655, 5575 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5900 and in bearish zone below 5840 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5440, 5514, 5588, 5663, 5739, 5815, 5891, 5968, 6046, during the week.
Sensitive / Trend change Timings for the day ::10.10am; 1.50pm; 2.50pm;
Intraday Trend for 29.11.10: : (Midsession Better … !!! )Intraday Trend for 29.11.10:: On the basis of planetary position , Market is expected to remain generally better after opening and may become weak after 1.45pm;
Irrational movements are to be expected in the market in general. FMCG / Entertainment stocks may remain subdued.
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above high recorded upto 9.30am , long positions can be taken with Low level recorded in the first 30 minutes and such positions may be closed by 1.30pm. After 2.00pm, if Nifty fut trades below Average Traded Price, 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 5805 , 5825, 5855 and 5895 and supports around 5745, 5720 and 5690 for the day.
Based on present market position, Nifty fut would be in bullish zone above 5805 and in bearish zone below 5770 for Monday.Nifty generally bearish with strong resistance around 6000 / 6050 and strong support around 5700 / 5550.
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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