Recovery to Continue…. !!!

Astro Technical Guide for Monday, 20th December , 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 :: Market, after initial hesitation on Monday forenoon, generally recovered, except for a correction on Wednesday, and closed firm for the week due to recovery in the closing session on Thursday. Looking at current week and monthly movement it appears that Market has temporarily bottomed out and set to recover further. Astrologically too, most turbulent period for the month is behind us and we can expect market to generally recover till First week of January. Technically too, Nifty would become bearish only below 5850 and would go up further above 6000 / 6100. However, Nifty would encounter major resistance around 6100 above which it gets into medium term bullishness once again. During the week Market is generally expected to be better for most part of the week an some correction to be expected during Midweek. Worst appears to be over for Bank stocks too and they can be generally expected to recover further.

Technical Levels for the week :: Nifty futures is strong above 5990 with resistance around 6085, 6165 and weak below 5930 with supports around 5835, 5755 for the week.
Based on present market movement, Nifty fut would be in bullish zone above 5910 and in bearish zone below 5870 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5739, 5815, 5891, 5968, 6046, 6124, 6202 during the week.
Sensitive / Trend change Timings for the day :: 9.40am; 10.35am; 2.00pm;
Intraday Trend for 20.12.10: (First Half Better !!! )Intraday Trend for 20.12.10:: On the basis of planetary position , Market is expected to remain generally better in the forenoon (particularly from 9.40 to 10.30am) and may become subdued towards close of the day.
Cement, Mining stocks are expected to be better.

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above High level recorded upto 9.30am , long positions can be taken with Low level as stop loss and such positions may be closed by 1.00pm., or may be continued depending on market movement ( maintaining above Average Traded Price) with very tight stop loss.

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 5972 with resistance around 5990, 6008 and 6037 and weak below 5848 with supports around 5930, 5912 and 5865 for the day.
Based on present market position, Nifty fut would be in bullish zone above 5840 and in bearish zone below 5810 for Monday. Nifty fut is expected to trade between 5998 / 6037 on higher side and 5921 / 5883 on Lower side.Nifty generally bearish with strong resistance around 6100 and strong support around 5850.
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