Technically, Close to Last Key Resistance Level …!!!! Astrologically, an Eventful Week Ahead….!!!!

Astro Technical Guide for Monday, 28th March, 2011 and general outlook for the week:: Astro Info:: Tithi :: Phalguna Bahula Dasami ; Day :: Monday Nakshatra :: Uttarashadha (Moon in Capricorn) ; Persons born in Aardra, Swathi and Sathabhisham and persons born in Aquarius and Gemini Moon Zodiac signs are advised to be alert in their dealings. Astro Technical Position for the week :: Market gained more than 5% during the week and closed at the highest level in the last Two months crossing most of the resistances on the way on Friday. Incidentally. Market started goint up from March 21, Gann Turn Date when Tropical Sun entered Aries. Now the final resistance is at 5700 , which if crossed signals Medium term Bullish trend. While there were no specifc triggers for the market on Macro front, Institutional buying, aided by huge short covering , appears to have provided the required fillip to the markets . Astrologically, an eventful week is ahead with the opposition of Two slow moving planets i.e., Jupiter, a planet representing Optimism and Saturn a planet representing Pessimism and retrograde of Mercury, a planet of Communications. Retrograde Mercury signals miscommunication and market may also give false signals. Hence a period of caution is to be expected. Period from April 1 to 23 is expected to give a initial rise and fall or initial fall and then rise to the market, probability for the former being higher in view of the Mercury Mars conjunction taking place later in the month... There are no fundamental changes in global and domestic cues and only technical cues have changed during the week and Technically, Nifty becomes weak below 5500 only . As long as Nifty is above 5700 , Market would remain bullish and if it is below 5600, it would remain neutral to bearish for this week. Further, being last week of F&O expiry, scrip specific action would be the order of the day. Trend change dates are 29th March and 1st April during the week. Technical Levels for the week :: Nifty (spot) is strong above 5680 with resistance around 5770, 5845 and weak below 5620 with supports around 5530, 5460 for the week. Based on present market movement, Nifty would be in bullish zone above 5560 and in bearish zone below 5500 during the week . Under normal circumstances, Nifty is expected to trade between 5800 / 5840 on the higher side and between 5500 / 5460 on the lower side during the week. WD Gann’s natural numbers which would act as natural support and resistance are :: 5366, 5440,5514, 5588, 5663, 5739, 5815 and 5891 during the week. Sensitive / Trend change Timings for the day :: 10.30am; 11.20am; 2.40pm; Intraday Trend for 28.03.11 ( First Half Better.. Closing Subdued… !!! ) On the basis of planetary position , Generally, Market is expected to remain better in the Forenoon session and may become subdued towards close of the day. Highest rates for the day are expected before noon. Communication stocks are expected to be subdued while Power stocks may remain better. Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades above High level recorded till then, long positions can be taken with Low level as stop loss and such positions may be closed by about 1 pm., After 2 pm, 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. Intraday short positions are against the general trend of the market and hence need to be closely monitored. Technical Levels for the day :: Nifty Futures would be bullish above 5665 with resistance around 5695, 5725 and weak below 5635 with supports around 5605, 5575 for the day. Nifty would be in Bullish zone above 5635 and would be in Bearish zone below 5605 for Monday. Under normal circumstances, Nifty is expected to trade between 5705/ 5725 on higher side and 5595/ 5575 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