Markets delicately Poised (with Bearish Bias) ….. !!!

Astro Technical Guide for Monday, 15th November , 2010 and generaloutlook for the week::
Astro Info:: Moon transits in Sathabhisham ruled by Rahu and Personsborn in Aslesha, Jyeshta and Revathi constellations and personsborn in Pisces and Cancer Zodiac signs are advised to be alertin their dealings.
Astro Technical Position for the week :: Markets made a U turn andlost about 4%, the entire gain of last week, and are presently verydelicately poised as any further fall (weekly close below 6000) isgoing to make the market highly nervous. Technically, there arepossibilities of the market taking support in this range.Astrologically, Nifty nosedived after the separation of Rahu andPluto( 9/11/10) and fall may get accelerated as Mars and Mercury getcloser by 21/11/10. As already indicated last week, fall upto 21/11/10can not be ruled out. Jupiter and Venus would be turning into directmotion by the end of this week , which can be a positive factor forthe market. New Solar Month is commencing from 17/11/10 which isshowing mixed signals. Considering all the above astro and technicalfactors, markets appear to be delicately poised. Even if Nifty goesdown further, there are strong supports at 5965 , 5840 and 5725,which are key levels to be watched out. Similarly, there would bestrong resistance at 6200 and 6350.Technical Levels for the week :: Nifty futures is strong above 6120with resistance around 6220, 6300 and weak below 6060 withsupports around 5960, 5885 for the week.Based on present market movement, Nifty fut would be in bullish zoneabove 6240 and in bearish zone below 6180 during the week . WD Gann’snatural numbers which would act as natural support and resistance are:: 5815, 5891, 5941,5968, 6046, 6124, 6202, 6281, 6361, during the week.
Sensitive / Trend change Timings for the day ::10.00am; 1.30pm;
Intraday Trend for 15.11.10: : ( Second half Better !!! )Intraday Trend for 15.11.10:: On the basis of planetary position ,Market is expected to remain generally subdued in the first half andmay recover after 1pm;Communication, Steel, Machinery stocks may be subdued while Tech, Bankstocks may go upo.
Astro Technical Trading Strategy for the day :: After 1.15pm, ifNifty fut trades above Average Price by about 10 points , longpositions can be taken with a stop loss below Average Price and suchpositions may be closed by end of the day.Open level is important below which only short positions may be takenand vice versa. Stop loss is a must for intraday trading.Technical Levels for the day:: Nifty Futures would be bullish above6095 with resistance around 6115 , 6135 and 6165 and bearish below6070 with supports around 6050, 6030 and 6000 for the day.Based on present market position, Nifty fut would be in bullish zoneabove 6175 and in bearish zone below 6140 for Monday.Immediate resistance is seen at 6200 with a strong short term support at 5950.IF resistance levels are achieved in the forenoon session, buying maybe avoided at higher levels and risky traders can consider shortpositon for a pull back to Bullish trigger level. IF Support levelsare achieved in the forenoon session, selling may be avoided at lowerlevels and risky traders can consider buying for a pull back uptoBearish trigger level / other support levels.
Note ::Intraday trend given above is relative and based purely on thebasis of planetary positions and aspects and needs to be understoodand applied depending on the market movement. Technical portion andastrological portion given above should be considered together andapplied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to beused as an additional tool in addition to technicals and adapteddepending on intraday movements. Creator only knows what is going tohappen and astrologer can only indicate what is likely to happen .Whether Stock market is suitable or not is determined based onIndividual natal chart and that would be helpful to determine one’sfavourable / unfavourable period .
Trade only with stop loss..
Happy Investing and Trading..
Dr B Amaranatha Sastry