Cautiously Bullish…!!!

Astro Technical Guide for Monday, 11th April, 2011 and general outlook for the week::
Astro Info::Tithi :: Chaitra Bahula Ashtami ;Day :: MondayNakshatra :: Sravana (Moon in Capricorn ) ;
Combination the above Nakshatra, Vara and Tithi is generally auspicious.
Persons born in Punarvasu, Visakha and Poorvabhadra and persons born in Aquarius and Gemini Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Nifty experienced wild swings between 5900 and 5700 during the week and closed nearer to upper end of the range suggesting further recovery. However, overall movements were narrow during April month with scrip specific movements and Nifty is expected to come out of the narrow range during the week and odds for upper side breakout being higher. Technically, Nifty appears to be in a consolidation zone and uptrend may resume once it closes above 5950. Astrologically, Bullish factors such as Mars Jupiter Conjunction, and entry of Mars and Jupiter into Aries, a fiery sign are ahead suggesting some further recovery. Fundamentally, Macro factors are not so conducive for a run away bullish move and as corporate earnings are presently on growth path some further recovery is possible but macro headwinds such as rising crude oil price, commodity prices, inflation and interest rates could impact corporate profitability and growth in the long run . Hence some short term recovery is possible.
Technically, Nifty becomes bearish if it closes below 5800 in the first half and below 5850 in the second half of the week.
Technical Levels for the week :: Nifty (spot) is strong above 5910 with resistance around 5975, 6085 and weak below 5855 with supports around 5765, 5685 for the week. Based on present market movement, Nifty would be in bullish zone above 5835 and in bearish zone below 5785 during the week . Under normal circumstances, Nifty is expected to trade between 6000/ 6080 on the higher side and between 5770 / 5730 on the lower side during the week. WD Gann’s natural numbers which would act as natural support and resistance are :: 5663, 5739, 5815 , 5891, 5908, 6046, 6124 during the week.
Sensitive / Trend change Timings for the day :: 10.30am; 11.50am; 2.50pm;
Intraday Trend for 25.04.11 ( Volatile Movements …!!! )
On the basis of planetary position , Generally, After Opening Market is expected to remain generally subdued till about 11.40 and significantly recover thereafter and experience huge volatile movements (either side) after 2 pm.,
Cement, Mining stocks are expected to be better while PSU, FMCG stocks could remain subdued.

Astro Technical Trading Strategy for the day :: After 11.45am, if Nifty fut trades above Average Traded Price by about 10 points, long positions can be taken with a stop loss of 10 points below Average Traded Price and such positions may be closed by 1.45pm or be maintained with very strict stop loss (due to highly volatile movements eitherside),

Technical Levels for the day :: Nifty Futures would be bullish above 5895 with resistance around 5930, 5960 and weak below 5870 with supports around 5835, 5810 for the day. Nifty would be in Bullish zone above 5895 and would be in Bearish zone below 5880 for Monday. Under normal circumstances, Nifty is expected to trade between 5940/ 5960 on higher side and 5830/ 5810 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