Caution at Higher Levels (in second half of the week)…. !!!

Astro Technical Guide for Monday, 3rd January, 2011 and general outlook for the week::

"WISH YOU A HAPPY AND PROSPEROUS NEW YEAR 2011"

Astro Info:: Moon transits in Moola ruled by Ketu and Persons born in Rohini, Hastha and Sravana constellations and persons born in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.

Astro Technical Outlook for 2011 :: Year 2010 closed with a gain of about 18% and market closed near the same level where it closed at the end of 2007( reached the same level after a gap of 3 years). Based on planetary positions and technical outlook , bullishness can be expected to continued current year too.
Notable changes are expected to around the following dates ::
4th Jan, 21st Feb, 19th April, 21st May, 1st May, 29th May, 23rd May, 28th June, 14th October, 14th August, 29th March;

Period from 31st March to 23rd April and 3rd August and 27th August and 24th November and 14th December is expected to display dual movements with first half bullishness and second half bearishness or vice versa.

Worst would be over for Telecom sector by June 2011 after which it can be expected to recover . Banking stocks could be expected to top out by middle of this year after which it may get into medium term bearishness. FII s might start disinvesting after the middle of this year.

Astro Technical Position for the week :: Market , after being steady in the beginning of the week, went up and closed with a gain of more than 2% to close above 6100 . Technically, market appears to have returned to bullishness, but strong resistance exists close to 6210 / 6285 above which it would attempt crossing the previous high. Astrologically, Jan 4th is crucial after which trend change can take place. New Lunar month , Pushya , commences on 4th January. Jan 7 to 18 th appear to be subdued for this Lunar month. Worst appears to be over for Bank stocks for the time being. PSU stocks and Cement / Metal stocks may come under pressure during the week. Technically, Nifty becomes bearish only below 6050 in the first half of the week and below 6100 in the later half of the week.
Technical Levels for the week :: Nifty futures is strong above 6192 with resistance around 6242, 6291 and 6371 and weak below 6130 with supports around 6081, 6033 and 5952 for the week.Based on present market movement, Nifty fut would be in bullish zone above 6110 and in bearish zone below 6070 during the week . Nifty is expected to trade between 6240/ 6320 on the higher side and between 6080 / 6010 on the lower side for the week. WD Gann’s natural numbers which would act as natural support and resistance are :: 5968, 6046, 6124, 6202, 6281, 6361 during the week.
Sensitive / Trend change Timings for the day :: 10.00am; 1.05pm; 2.25pm;

Intraday Trend for 03.01.11 (Volatile Movements …!!! )
On the basis of planetary position , Market is expected to display volatile / dual movements with better time from 12.40 to 1.30pm and may remain subdued in the last hour.
PSU, Cement / Metal stocks seem to come under pressure during the wek.
Astro Technical Trading Strategy for the day :: After 12.30pm, if Nifty fut trades above Average Traded Price, long positions can be taken with stop loss of 10 points below Average Traded Price, and such positions may be closed by about 2.30pm.
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 6174 with resistance around 6193, 6211 and weak below 6150 with supports around 6131, 6113 for the day.Based on present market position, Nifty fut would be in bullish zone above 6162 and in bearish zone below 6150 for Monday. Nifty fut is expected to trade between 6201/ 6221 on higher side and 6122/ 6103 on Lower side.
Strong resistance in the region of 6210 / 6285 and strong support around 6100/ 6050 is seen for Nifty this week.
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