Astro Technical Guide for Monday, 06th December , 2010 and general outlook for the week::
Astro Info:: Moon transits in Jyeshta ruled by Mercury and Persons born in Krittika, Uttara and Uttarasadha constellations and persons born in Sagittarius and Aries Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Nifty staged a smart comeback , by gaining nearly 4% during the week, and on its way to completing the expected pullback. Rahu and Mercury conjuncton and usual F&O first week buoyancy had helped the market recover from the last week’s panic situation. However, astrologically, another round of correction is to be expected, which might worsen by middle of next week. Correction might commence any time this week and particularly in second half of the week. Next week’s Mars and Pluto and Mars and Mercury conjunctions can play havoc globally too. However, Jupiter’s entry into its own sign, Pisces, can help salvage the situation to some extent. With cosmic events involving Mars, Pluto severe damage also may be expected. Hence high degree of caution is advised . Forthcoming eclipses also might significantly influence global events and markets. Technically, if Nifty closes below 6000 / 5950 consecutively for Two days, short positions can be taken with highlevel recorded till then as strict stop loss. Strong Resistance for Nifty expected around 6050 and 6100 and strong support around 5850 / 5700 below which steep correction can be expected.
Technical Levels for the week :: Nifty futures is strong above 6050 with resistance around 6100, 6146 and 6225 and weak below 5990 with supports around 5940, 5890 and 5815 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5935 and in bearish zone below 5880 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5739, 5815, 5891, 5968, 6046, 6124,6202,6281 during the week.
Sensitive / Trend change Timings for the day :: 9.55am; 11.5am; 1.20pm;
Intraday Trend for 06.12.10: : (Midsession Better and Closing Subdued … !!! )Intraday Trend for 06.12.10:: On the basis of planetary position , Market is expected to remain generally better from 10 to 1 and remain subdued thereafter with sensitive time between 2.10 to 3pm and again become weak thereafter.
Bank stocks are expected to be subdued while Power , Metal stocks may remain better.
Astro Technical Trading Strategy for the day :: After 10.00am, if Nifty fut trades above Open and Average Price , long positions can be taken with Low level as stop loss and such positions may be closed by 1 pm.
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 6040 with resistance around 6060 and 6100 and weak below 6010 with supports around 5990, 5970 and 5940 for the day.
Based on present market position, Nifty fut would be in bullish zone above 6010 and in bearish zone below 5990 for Monday.Nifty generally bearish with strong resistance around 6050 / 6100 and strong support around 5850 / 5725.
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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