Volatile Movements …!!!

Astro Technical Guide for Monday, 18th April, 2011 and general outlook for the week:: Astro Info::Tithi :: Chaitra Bahula Padyami ;Day :: MondayNakshatra :: Chitta upto 12.55pm and Swathi thereafter (Moon in Libra ) ; Persons born in Pushyami. Anuradha and Uttarabhadra are advised to be alert in the forenoon and those born in Aslesha, Jyeshta and Revathi are advised to be alert in the afternoon and persons born in Scorpio and Pisces Zodiac signs are advised to be alert in their dealings. Astro Technical Position for the week :: Nifty moved in a range of more than 3% during the week and closed nearly flat for the week with a nominal loss . Technically, Market is correcting for the smart rise it had from 5350 to 5950 during March. Astrologically, New Solar Month / Year commenced on 14th April and it appears to be generally Bullish. However, during the week, Mars and Mercury conjunction on 19th April is a matter of concern and later in the week, Markets might improve. Any further correction from the present level can be utilized for Buying as Market is in general uptrend and present technical setup suggests further rise upto 6100 during May 2011. Mercury , presently retrograde, would be moving into direct motion on April 23 which might give further fillip to the market. Fundamentally, Markets would be driven by Q4 results which season did not commence on a positive note as Infosys disappointed the market and had lost a whopping 10% on the results day. Considering Astro , Technical and Fundamental factors, market appears to be in a state of uncertain zone and scrip specific movement is most likely due to results season . Bank stocks might steal the show during the week. Considering macro and global factors (such as Crude oil price) a runaway move can not be expected as market is fairly valued . Technically, Nifty would become weak below 5750 in the first half of the week and below 5800 in the second half of the week. Technical Levels for the week :: Nifty (spot) is strong above 5850 with resistance around 5945, 6020 and weak below 5790 with supports around 5700, 5625 for the week. Based on present market movement, Nifty would be in bullish zone above 5870 and in bearish zone below 5830 during the week . Under normal circumstances, Nifty is expected to trade between 5980 / 6020 on the higher side and between 5670 / 5635 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 :: 9.25am; 12.55pm; 2.20pm; Intraday Trend for 18.04.11 ( 9.30 to 10.30 Sensitive … !!! ) On the basis of planetary position , Generally, Opening hour upto 10.30 is crucial / sensitive and market is expected to have zigzag movement with better time between 1 and 2.30 . Cement and Steel stocks are expected to be generally subdued while Infra , Realty stocks could be volatile. Astro Technical Trading Strategy for the day :: After 1pm, 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 before 3 pm. Technical Levels for the day :: Nifty Futures would be bullish above 5835 with resistance around 5870, 5900 and weak below 5810 with supports around 5775, 5745 for the day. Nifty would be in Bullish zone above 5875 and would be in Bearish zone below 5850 for Monday. Under normal circumstances, Nifty is expected to trade between 5880/ 5900 on higher side and 5765/ 5750 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