Close to Key Support Levels…… !!!

Astro Technical Guide for Monday, 17th January, 2011 and general outlook for the week::
Astro Info:: Moon transits in Mrigasira ruled by Mars and Persons born in Pushyami, Anuradha and Uttarabhadra constellations and persons born in Gemini and Libra Zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the week :: Downtrend continued last week too and Nifty fell more than 4% i.e., 250 points (of which about 200 points falling in the second half of Friday alone). Market has fallen due to inflation fears, rate hike fear and lack of FII interest in the market. Sun Venus semisquare continues to dampen market sentiment while Sun Jupiter sextile may boost the sentiment in the midweek. New Solar month which commenced on 14th January in Cancer lagna augurs well for the market this month. Market too being in technically oversold sate, can be expected to have a pull back as it is also close to key support levels. Considering, Astro , Technical factors, there appears to be more upside in the immediate term than downside. Key support levels for Nifty is around 5600. Technically, Nifyt close above 5850 in the first half of the week and close above 5800 in the second half of the week would signal reversal and uptrend might continue. However, strong resistance in the region of 5950 is to be crossed for the continuation of uptrend.
Technical Levels for the week :: Nifty futures is strong above 5690 with resistance around 5750,5855, 5970 and weak below 5630 with supports around 5540, 5465, 5350 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5800 and in bearish zone below 5750 during the week . Nifty is expected to trade between 5735/ 5890 on the higher side and between 5585 / 5435 on the lower side for the week. WD Gann’s natural numbers which would act as natural support and resistance are ::5440,5514, 5588, 5663,5739, 5815, 5891,5968, during the week.
Sensitive / Trend change Timings for the day :: 10.35am; 12.30pm; 2.20pm;

Intraday Trend for 17.01.11 (Midsession Better..Closing Subdued / Weak …!!! )
On the basis of planetary position , Market is expected to open subdued and recover after 10.30 and again may become subdued / weak after 2.20pm;
Astro Technical Trading Strategy for the day :: After 10.30am, if Nifty fut trades above Open level and Average Traded Price, long posiions can be taken with suitable stop loss and such positions may be closed before 1.30pm.,After 2.00pm, if Nifty fut trades below Average Traded Price, short positions can be taken with suitable stop loss, and such positons may be closed by end of the day., (Intraday long positions are against the main trend and to be handled with utmost care).
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 5671 with resistance around 5705, 5735 and weak below 5645 with supports around 5615, 5585 for the day.Based on present market position, Nifty fut would be in bullish zone above 6000 and in bearish zone below 5960 for Monday. Nifty fut is expected to trade between 5697/ 5735 on higher side and 5622/ 5585 on Lower side.
Strong support in the region of 5550 / 5600 and strong resistance around 5850/ 5950 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