Close to Key Resistance Levels …!!!!

Astro Technical Guide for Monday, 7th March, 2011 and general outlook for the week::
Astro Info::
Tithi :: Phalguna Sukla Triteeya (Thadiya) ;
Day :: Monday
Nakshatra :: Revathi ; Persons born in Krittika, Uttara and Uttarashadha and persons born in Aries and Leo Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Finally, Budget provided the required fillip to the market (without the expected negatives) , and Nifty gained about 4% during the week, most of the gain coming on 1st March and other day remaining sideways with bullish bias . Despite the smart rise , Nifty is not able to clear the major hurdle of 5555 (on close basis). Technically, Nifty is in pullback mode as long as it maintains below 5700. Nifty is in short term bullish mode and would get into Medium term bullish mode only when it goes above 5700. Hence, correction can be expected as long as Nifty maintains below 5700 and strong resistance is placed between 5600 and 5700. In view of the global and domestic factors (macro concerns), great rise can not be expected in the short term and high degree of caution is advised at higher levels. Astrologically, new Lunar Month , Phalguna , commenced on 5th March and it does not appear to be a bearish month in general, (hence range bound movements may be expected) . During the week , trend change can take place on 8th .
Technically, Nifty becomes weak if closes below 5400 in the first half of the week and closes below 5475 in second half of the week and stop loss may be maintained accordingly for the existing trading long positions.
Technical Levels for the week :: Nifty futures is strong above 5570 with resistance around 5655, 5730 and weak below 5520 with supports around 5420, 5350 for the week. Based on present market movement, Nifty fut would be in bullish zone above 5490 and in bearish zone below 5430 during the week . Nifty is expected to trade between 5690 / 5765 on the higher side and between 5390 / 5320 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 during the week.Sensitive / Trend change Timings for the day :: 10.40am; 12.40pm; 3.00pm;
Intraday Trend for 07.03.11 ( Midsession Better !!! )
On the basis of planetary position , Market is expected to remain subdued / weak in the Opening session (upto 10.40am) and generally recover thereafter to again become subdued towards close of the day (after 2.45m.). General Bearishness may be expected inspite of better midsession.
Cement, Metal stocks are expected to be volatile.

Astro Technical Trading Strategy for the day :: After 11.00am , if Nifty fut trades above Average Traded Price by about 10 points, long positions can be taken with a stop loss of about 15 points above Average Traded Price and such positions may be closed by about 2.30pm.

Technical Levels for the day:: Nifty Futures would be bullish above 5550 with resistance around 5585, 5610 and weak below 5525 with supports around 5495, 5460 for the day. Nifty fut would be in Bullish zone above 5575 and would be in Bearish zone below 5550 for Monday. Nifty fut is expected to trade between 5595/ 5615 on higher side and 5485/ 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.
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..
Stay Disciplined for Prosperous Investing and Trading..
Dr B Amaranatha Sastry