Astro Technical Guide for Monday, 14th February, 2011 and general outlook for the week::
Astro Info:: Moon transits in Mrigasira ruled by Mars upto 12.30 and in Aardra ruled by Rahu thereafter and persons born in Pushyami, Anuradha and Uttarabhadra in the forenoon session and those born in Aslesha, Jyestha and Revathi in the afternoon session and persons born in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Nifty generally remained weak through out the week except for sharp pull back in the later half of Friday to close with a loss of about 1% during the week, up more than 2.5% from the low levels. Technically, current week’s low level is very important and if breached would signal further weakness on the downside. On the other hand, if Nifty closes above 5350, Nifty can go upto 5550 , signalling temporary arresting of downside. Several quality stocks , both large and madcap have fallen significantly and log term investors can consider investing, atleast partially, with long term view. Astrologically, all is not well with new Solar month commencing on 13th February in Aquarius Lagna which does not appear to augur well for the market. Further, conjunction of Mars and Mercury on Feb 21 also does not augur well for the market. Hence, any further pull back may have to be watched with suspicion as it can down again to form a Double Bottom , if not , a lower bottom. However, technically, 5200 level is very significant for Nifty which if breached on closing basis only would signal further fall. Fundamentally, too, while Long term India growth story remain intact with GDP growth of 8 – 9 % , short term fundamentals such as rising Inflation, interest rates, commodity prices would affect corporate profitability. As market usually discounts future, down side could be limited , considering Long term upside. During the week , Nifty technically comes out of bear grip if it closes above 5350 (Stop loss being last week’s Low level). Sensitive Dates during the month are Feb 17 and 21 which need to be watched closely.
Technical Levels for the week :: Nifty futures is strong above 5335 with resistance around 5420,5490 and weak below 5275 with supports around 5200, 5130 for the week. Based on present market movement, Nifty fut would be in bullish zone above 5335 and in bearish zone below 5270 during the week . Nifty is expected to trade between 5420 / 5500 on the higher side and between 5200 / 5125 on the lower side for the week. WD Gann’s natural numbers which would act as natural support and resistance are ::5077, 5149, 5221, 5293, 5366, 5440,5514, 5588 during the week.
Technical Levels for the week :: Nifty futures is strong above 5335 with resistance around 5420,5490 and weak below 5275 with supports around 5200, 5130 for the week. Based on present market movement, Nifty fut would be in bullish zone above 5335 and in bearish zone below 5270 during the week . Nifty is expected to trade between 5420 / 5500 on the higher side and between 5200 / 5125 on the lower side for the week. WD Gann’s natural numbers which would act as natural support and resistance are ::5077, 5149, 5221, 5293, 5366, 5440,5514, 5588 during the week.
Sensitive / Trend change Timings for the day :: 11.15am; 12.30pm; 2.30pm;
Intraday Trend for 14.02.11 ( First Half Better…!!! )On the basis of planetary position , Market is expected to remain better in the First half of the day upto 12pm and remain subdued thereafter and may recover thereafter (last hour being sensitive inclined towards bullishness).
Bank, Communication stocks are expected to be generally subdued.
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above High Price recorded upto 9.30am, long positions can be taken with Low level as stop loss and such positions may be closed by about 12.00pm., (Long positions are against general trend of the market and need to be closely monitored
Technical Levels for the day:: Nifty Futures would be bullish above 5325 with resistance around 5352 and 5380 and weak below 5300 with supports around 5265 and 5240 for the day. Nifty fut is expected to trade between 5365/ 5380on higher side and 5275/ 5250 on Lower side.
Nifty’s close above 5350 would signal temporary bottoming out of the Index.
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.
Bank, Communication stocks are expected to be generally subdued.
Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above High Price recorded upto 9.30am, long positions can be taken with Low level as stop loss and such positions may be closed by about 12.00pm., (Long positions are against general trend of the market and need to be closely monitored
Technical Levels for the day:: Nifty Futures would be bullish above 5325 with resistance around 5352 and 5380 and weak below 5300 with supports around 5265 and 5240 for the day. Nifty fut is expected to trade between 5365/ 5380on higher side and 5275/ 5250 on Lower side.
Nifty’s close above 5350 would signal temporary bottoming out of the Index.
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.
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