Inclined towards Bearishness for the Week…!!!!

Astro Technical Guide for Monday, 28th February, 2011 and general outlook for the week::
Astro Info::Tithi :: Magha Bahula Ekadasi ;
Day :: Monday;
Nakshatra :: Poorvashadha ; Persons born in Mrigasira, Chitta and Dhanishta and persons born in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: On account of F&O expiry, FII selling market fell sharply on Thursday to end the week with a loss of about 2.5% during the week. However, market is close to previous low of 5180 and if breached would fall further to make a lower bottom. Astrologically, there are no major events this week and new lunar month would commence from Saturday which would be analysed in the next week’s column. Technically a lower bottom seems to be a distinct possibility. If Budget proves to be positive for the markets, trend may change. Stop loss for the current Nifty short positions may be maintained at 5450(on close basis) . However, fundamentally, market seems to be getting close to long term support zone and fundamentally most stocks would become a value buy after some more decline. Wednesday being holiday for the markets, a truncated week normally dissuades activeness in the market.
Technical Levels for the week :: Nifty futures is strong above 5350 with resistance around 5430, 5500 and weak below 5290 with supports around 5210, 5140 for the week. Based on present market movement, Nifty fut would be in bullish zone above 5415 and in bearish zone below 5355 during the week . Nifty is expected to trade between 5430 / 5465 on the higher side and between 5175 / 5100 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 :: 9.25am; 11.05am; 1.30pm;
Intraday Trend for 28.02.11 ( Midsession Better !!! )On the basis of planetary position , Market is expected to remain better after the initial hesitant movements and remain generally better thereafter and may become subdued towards close of the day.
Power, Cement stocks may remain subdued.
Astro Technical Trading Strategy for the day :: After 1.30pm , if Nifty fut trades below Average Traded Price by about 10 points, short positions can be taken with a stop loss of about 10 points above Average Traded Price and such positions may be closed by end of the day. In view of the Budget day, high degree of volatility is to be expected and high degree of caution is suggested.

Technical Levels for the day:: Nifty Futures would be bullish above 5330 with resistance around 5360, 5390, 5430 and weak below 5310 with supports around 5290, 5275 and5235 for the day. Nifty fut would be in Bullish zone above 5300 and would be in Bearish zone below 5275 for Monday. Nifty fut is expected to trade between 5375/ 5390 on higher side and 5265/ 5245 on Lower side .
Suggested stop loss for Nifty fut is 5450(on close basis).

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