Astro Technical Guide for Monday, 31st January, 2011 and general outlook for the week::
Astro Info:: Moon transits in Poorvashadha ruled by Venus and persons born in Mrigasira, Chitta and Dhanishta constellations and persons born in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Nifty fell more than 3.5% during the week and closed below the psyschological 200DMA level signalling caution and possible further down trend. IF the fall continues from the present level, it would be prudent to wait and watch the market movements and get into the market only when stability returns to the market. Fundamentally too, Rising Inflation , rising interest rates, rising commodity prices including most important Crude oil all signal towards contracting corporate profitability. Market usually discounts future and most of it is already factored into the prices which have corrected significantly from their peak levels in a very short span. Despite the above, our GDP is expected to grow about 8 – 9% and if the stocks correct further it might present a value investing opportunity for long term investors, who can start accumulating slowly. However, astrologically, Low Index for year was expected to be recorded in the first quarter of the Year. Feb 4 , 17 and 21 are the most sensitive / important turn dates during the month. New Lunar Month “Magha” commences on 3rd February which does not appear to augur well for the initial part of the month. Considering all the above, Nifty appears to be at cross roads with divergence between Fundamental and Technical factors . Any further fall provides good opportunity for long term investors, fundamentally, and Technically, Nifty below 5500 is to be avoided till Nifty comes above 5600. Nifty is already in bear grip and would come out of the bear grip if it closes above 5700 in the initial part of the week and above 5625 in second half of the week.
Technical Levels for the week :: Nifty futures is strong above 5565 with resistance around 5655,5730 and 5785 and weak below 5510 with supports around 5425, 5350, 5235 for the week. Based on present market movement, Nifty fut would be in bullish zone above 5670 and in bearish zone below 5610 during the week . Nifty is expected to trade between 5615 / 5690 on the higher side and between 5405 / 5355 on the lower side for the week. WD Gann’s natural numbers which would act as natural support and resistance are :: 5221, 5293, 5366, 5440,5514, 5588, 5663,5739, 5815, 5891,5968, during the week.Sensitive / Trend change Timings for the day :: 9.40am; 11.15am; 1.00pm;
Intraday Trend for 31.01.11 ( Second half better …!!! )On the basis of planetary position , Market is expected to remain subdued till about 11.15am and slowly recover thereafter and particularly after 1.00pm and may become subdued after 3 pm.
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.
Astro Technical Position for the week :: Nifty fell more than 3.5% during the week and closed below the psyschological 200DMA level signalling caution and possible further down trend. IF the fall continues from the present level, it would be prudent to wait and watch the market movements and get into the market only when stability returns to the market. Fundamentally too, Rising Inflation , rising interest rates, rising commodity prices including most important Crude oil all signal towards contracting corporate profitability. Market usually discounts future and most of it is already factored into the prices which have corrected significantly from their peak levels in a very short span. Despite the above, our GDP is expected to grow about 8 – 9% and if the stocks correct further it might present a value investing opportunity for long term investors, who can start accumulating slowly. However, astrologically, Low Index for year was expected to be recorded in the first quarter of the Year. Feb 4 , 17 and 21 are the most sensitive / important turn dates during the month. New Lunar Month “Magha” commences on 3rd February which does not appear to augur well for the initial part of the month. Considering all the above, Nifty appears to be at cross roads with divergence between Fundamental and Technical factors . Any further fall provides good opportunity for long term investors, fundamentally, and Technically, Nifty below 5500 is to be avoided till Nifty comes above 5600. Nifty is already in bear grip and would come out of the bear grip if it closes above 5700 in the initial part of the week and above 5625 in second half of the week.
Technical Levels for the week :: Nifty futures is strong above 5565 with resistance around 5655,5730 and 5785 and weak below 5510 with supports around 5425, 5350, 5235 for the week. Based on present market movement, Nifty fut would be in bullish zone above 5670 and in bearish zone below 5610 during the week . Nifty is expected to trade between 5615 / 5690 on the higher side and between 5405 / 5355 on the lower side for the week. WD Gann’s natural numbers which would act as natural support and resistance are :: 5221, 5293, 5366, 5440,5514, 5588, 5663,5739, 5815, 5891,5968, during the week.Sensitive / Trend change Timings for the day :: 9.40am; 11.15am; 1.00pm;
Intraday Trend for 31.01.11 ( Second half better …!!! )On the basis of planetary position , Market is expected to remain subdued till about 11.15am and slowly recover thereafter and particularly after 1.00pm and may become subdued after 3 pm.
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 5550 with resistance around 5585, 5615 and weak below 5525 with supports around 5495, 5470 and 5425 for the day. Based on present market position, Nifty fut would be in bullish zone above 5565 and in bearish zone below 5535 for Monday. Nifty fut is expected to trade between 5575/ 5615 on higher side and 5500/ 5465 on Lower side.
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.
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..
Prosperous Investing and Trading..
Dr B Amaranatha Sastry
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