Cautiousness Advised …!!!

Astro Technical Guide for Monday, 11th April, 2011 and general outlook for the week:: Astro Info::Tithi :: Chaitra Sukla Ashtami ;Day :: MondayNakshatra :: Punarvasu (Moon in Gemini) ; Persons born in Aswini, Makha and Moola and persons born in Cancer and Scorpio Zodiac signs are advised to be alert in their dealings. Astro Technical Position for the week :: Nifty moved in a narrow range for the week and closed nearly flat for the week with a gain of less than half a percent, nearer to the lower end for the week suggesting further weakness below the current week’s Low level. Technically, current week’s movement is important and Initial weakness has set in as Nifty has closed below 5850 and weakness would be confirmed when it goes below 5800. Astrologically, present Mercury Retro (Market expected to have zigzag movement with initial rise and fall in the later half) and Mars and Mercury conjunction on April 19th are the factors suggesting further weakness. Further , there are Two trading Holidays during the week and volumes / active could remain subdued . Results season also would be starting this season and considering macro factors, results may not be so encouraging . However, liquidity / aggressive buying from FIIs is the only factor which can push up the market Hence, considering the current week market from Astro, Technical and Fundamental factors, strategy should be cautious to bearish view. From Short term point of view, short positions may be considered with 5950 as stop loss on closing basis . Correction, if sets, can take the market to around 5700 levels. However, Medium term is bullish as long as Nifty trades above 5555. Technical Levels for the week :: Nifty (spot) is strong above 5870 with resistance around 5965, 6040 and weak below 5810 with supports around 5720, 5645 for the week. Based on present market movement, Nifty would be in bullish zone above 5900 and in bearish zone below 5870 during the week . Under normal circumstances, Nifty is expected to trade between 5955 / 5990 on the higher side and between 5725 / 5690 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 11.04.11 ( Closing Subdued… !!! ) On the basis of planetary position , Generally, Market is expected to remain generally better in the Opening session and sideways in midsession and may become subdued towards close of the day . Time from 11.50 to 12.45 is crucial / sensitive. Entertainment, FMCG stocks may remain better while Bank, communication, tech stocks may remain subdued. Astro Technical Trading Strategy for the day :: After 2pm, if Nifty fut trades below Average Traded Price by about 10 points, short positions can be taken with a stop loss of 10 points above Average Traded Price and such positions may be closed by end of the day. Technical Levels for the day :: Nifty Futures would be bullish above 5855 with resistance around 5890, 5920 and weak below 5830 with supports around 5795, 5765 for the day. Nifty would be in Bullish zone above 5890 and would be in Bearish zone below 5865 for Monday. Under normal circumstances, Nifty is expected to trade between 5900/ 5920 on higher side and 5785/ 5765 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