Eventful Week Ahead…… !!!

Astro Technical Guide for Monday, 24th January, 2011 and general outlook for the week::
Astro Info:: Moon transits in Uttara ruled by Sun upto 12.00pm and in Hastha ruled by Moon thereafter and persons born in Aardra, Punarvasu, Swathi, Visakha , Sathabhisham and Poorvabhadra constellations and persons born in Libra and Aquarius Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: As mentioned last week, Nifty held on to key support levels and traded in a very narrow range throughout the week between 5625 and 5750 and closed with a marginal gain of less than 1%. Current week witnesses eventful events on technical and cosmic front such as RBI Credit Policy, F&O expiry and beginning of Fresh series, Quarterly Results season, Saturn Retrograde Movements. However, Wednesday being holiday on account of Republic Day might affect the volumes and flow of the market movement. Astrologically, Sun Venus semisquare, a bearish factor, continues to haunt the market. Saturn would be in retrograde position from 26th Jan2011 to 13th June 2011, during which period volatile movements inclined towards bullishness in general can be expected. Technically, market appears to be in a consolidation mode and barring unexpected surprises in RBI’s credit policy, Market might recover and Nifty close above 5750 would signal arrest of down move. However, macro fundamentals such as High Inflation, Price rise of Crude and other commodities would affect the corporate profitability. Keeping all the above Fundamental, Technical and Astro factors, market is at cross roads and any further fall below 5500 might trigger long term down trend and if Nifty sustains above 5750, further upside is possible and close above 6350 only would trigger real long term upside.

Technical Levels for the week :: Nifty futures is strong above 5730 with resistance around 5820,5895 and weak below 5670 with supports around 5625, 5580, 5510 for the week. Based on present market movement, Nifty fut would be in bullish zone above 5715 and in bearish zone below 5680 during the week . Nifty is expected to trade between 5775 / 5850 on the higher side and between 5625 / 5550 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 :: 10.10am; 12.05pm; 2.05pm;
Intraday Trend for 24.01.11 ( 2pm to 3pm crucial …!!! )On the basis of planetary position , Market is expected to remain better in the opening session and may become subdued from 12 to 1.30 and may again recover thereafter.
PSU and Power stocks are expected to be better.
Astro Technical Trading Strategy for the day :: After 1.30pm, if Nifty fut trades above Average Traded Price, long posiions can be taken with suitable stop loss (risk reward ratio of 1:2) and such positions may be closed by end of the day.
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 5712 with resistance around 5745, 5775 and weak below 5690 with supports around 5655, 5625 for the day. Based on present market position, Nifty fut would be in bullish zone above 5700 and in bearish zone below 5685 for Monday. Nifty fut is expected to trade between 5735/ 5760 on higher side and 5660/ 5640 on Lower side.Nifty would come out of bear grip when it closes above 5750.

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