Market Close to Resistance Levles But Recovery to Continue…. !!!

Astro Technical Guide for Monday, 27th December , 2010 and generaloutlook for the week::
Astro Info:: Moon transits in Uttara ruled by Sun and Persons bornin Aardra, Swathi and Sathabhisham constellations and persons born inVirgo and Capricorn Zodiac signs are advised to be alert in theirdealings.
Astro Technical Position for the week :: Market traded in a narrowrange, due to lower institutional activity , but continued its upwardjourney to close with a gain of more than One percent during the week.Current week is quite significant as it is last week of the Calendaryear and also the last week for F&O expiry. Being the last week ofF&O expiry, scrip specific activity is to be expected. Current monthexperienced big see-saw movements with in a broad range and currentlytrading nearer to the upper end of the range. Some semblance ofstability appear to have returned to the market which is expected tocontinue at least till First week / First half of January. However,presently, market is caught between strong support and resistance andclose above 6050 is essential for the market to continue its upmovewith higher resistances placed at 6125 and 6250. Fall below 5950 isthe first sign of weakness below which next supports exist at 5875 and5725. IT stocks are expected to continue their upward journey till midJanuray.

Technical Levels for the week :: Nifty futures is strong above 6070with resistance around 6120, 6167 and 6245 and weak below 6010 withsupports around 5960, 5913 and 5835 for the week.Based on present market movement, Nifty fut would be in bullish zoneabove 5990 and in bearish zone below 5955 during the week . Nifty isexpected to trade between 6118/ 6196 on the higher side and between5959 and 5882 on the lower side for the week. WD Gann’s naturalnumbers which would act as natural support and resistance are :: 5815,5891, 5968, 6046, 6124, 6202, 6281 during the week.
Sensitive / Trend change Timings for the day :: 10.20am; 1.00pm; 3.00pm;
Intraday Trend for 20.12.10: (Mid session Better …!!! ) On the basis of planetary position , Market is expected to recoverafter 10.15am and remain better till about 1.30 and remain steadythereafter. (time after 3pm is also quite sensitive for the day (bullish bias expected).Bank and Tech stocks are expected to display volatile movements.
Astro Technical Trading Strategy for the day :: After 10.30am, ifNifty fut trades above Open Level and Average Traded Price, longpositions can be taken with Day low as stop loss and such positionsmay 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 above6050 with resistance around 6070, 6090 and 6120 and weak below 6035with supports around 6015, 5995 and 5965 for the day.Based on present market position, Nifty fut would be in bullish zoneabove 6010 and in bearish zone below 5990 for Monday. Nifty fut isexpected to trade between 6075 / 6115 on higher side and 5998/ 5959 onLower side.Strong resistance in the region of 6125 and strong support around 5900is seen for Nifty this week.
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