Pullback in First Half of the Week … !!!

Astro Technical Guide for Monday, 10th January, 2011 and general outlook for the week::
Astro Info:: Moon transits in Poorvabhadra ruled by Jupiter and Persons born in Aswini, Makha and Moola constellations and persons born in Aries and Leo Zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the week :: First week of new year witnessed significant correction in the market as Nifty fell nearly close to 4% during the week to close near 5900 level breaching psychological level of 6000 also. Astrologically, Friday’s Sun Saturn square appeared to have played havoc with the markets. Fundamentally, inflation fears and fear of interest rate hike affected Bank stocks and Interest sensitive sectors which dragged the markets down. Technically, Nifty having run up from 5800 to 6200 levels could not clear the important resistance areas of 6200 levels and gave up the fight to make new highs. However, presently, market appears to have come to an over sold area and is expected to have a reasonable pull back atleast in the first half of the week. Astrologically, planetary position throws up mixed signals with certain positive factors such as Mercury Rahu conjunction , Mars Jupiter sextile and negative factors such Sun Venus semi square . Q3 Results season begins this week and considering strong Advance Tax numbers, results may not disappoint the market but market has a law of its own and market discounts future and not dependant on the past. Technically, Nifty would find strong resistance in the region of 6050 during the week.
Technical Levels for the week :: Nifty futures is strong above 5935 with resistance around 6029, 6106 and weak below 5875 with supports around 5780, 5705 for the week.Based on present market movement, Nifty fut would be in bullish zone above 6080 and in bearish zone below 6010 during the week . Nifty is expected to trade between 5980/ 6060 on the higher side and between 5825 / 5750 on the lower side for 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 :: 9.30am; 11.50am; 1.50pm;

Intraday Trend for 10.01.11 (First Half Better …!!! )
On the basis of planetary position , Market is expected to recover significantly after opening and may display sideways trend in second half of the day.,
Bank, Tech , Power stocks are expected to be better while Communicaion stocks could remain subdued.
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades higher than the high level recorded upto 9.30am, long positions can be taken with Low level as stop loss and such positions may be closed by 12.00pm or be continued wih strict trailing stop loss. (Intraday long positions are against the short term trend and hence high degree of caution is advised. )
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 5917 with resistance around 5935, 5952 and 5981 and weak below 5891 with supports around 5875, 5857 and 5828 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 5943/ 5962 on higher side and 5866/ 5847 on Lower side.
Strong resistance in the region of 6050 / 6100 and strong support around 5830/ 5750 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