Cautioness at Higher Levels … !!!

Astro Technical Guide for Monday, 09th May, 2011 and general outlook for the week::
Astro Info::Tithi :: Vaisakha Sukla Shashti ;Day :: MondayNakshatra :: Punarvasu upto 10.20am and Pushyami thereafter (Moon in Cancer) ;
Persons born in Bharani, Pubba and Poorvashadha and persons born in Leo and Sagittarius Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: As expected, RBI Monetary policy provided the required direction to the market and Nifty broke down sharply and fell nearly 2% during the week despite sharp bounce on Friday. Market experienced one of the longest string of continuous down days i.e., 9 consecutive days of fall. Due to more than expected rate hike and RBI’s concerns for mellowing down inflation in preference to growth was not taken favourably by market as corporate results would get hit . However, Commodity prices fell sharply on Thursday , which was taken positively by market. Technically, Nifty broke important support level of 5700 / 5600 and might get strong support around 5300 , which is a very strong support area below which real weakness would set in. Astrologically, Nifty took support on May 6 , a Gann Turn date and would face another Turn date on May22 around which time unfavourable Mars and Mercury conjunction also would take place. Jupiter moves into Aries, a frienly and fiery sign but not a bullish sign for the market. May 11 th is an important date to watch during the week. Fundamental factors are not so conducive for the market considering hardening Interest rates and impending Petro rate hike. Technically, there is a possibility of 5300 for Nifty, if it maintains below 5700. Astrologically, not a bad period but a significant fall around May 21 can be expected. Considering all the above, Investors / traders should be cautious and traders can follow Sell on rise policy while Investors can buy quality stocks with room for averaging down (SIP), if necessary. Technically, Nifty would come out of short term bearishness if it closes above 5625 .
Technical Levels for the week :: Nifty (spot) is strong above 5580 with resistance around 5670, 5740 and weak below 5520 with supports around 5435, 5360 for the week. Based on present market movement, Nifty would be in bullish zone above 5640 and in bearish zone below 5575 during the week . Under normal circumstances, Nifty is expected to trade between 5660/ 5700 on the higher side and between 5400 / 5360 on the lower side during the week. WD Gann’s natural numbers which would act as natural support and resistance are ::5293, 5366, 5440, 5514, 5588, 5663, 5739, 5815 during the week.
Sensitive / Trend change Timings for the day :: 11.15am; 12.50pm; 1.30pm;
Intraday Trend for 02.05.11 ( First Half Better …. Second Half Subdued…. !!! )
On the basis of planetary position , Generally, After Opening Market is expected to remain generally better in the forenoon and might get subdued towards close of the day.
Power stocks are expected to be subdued while Tech stocks could be better.

Astro Technical Trading Strategy for the day :: After 1.30pm, if Nifty fut trades below Average Traded Price by about 10 points, short positions can be taken with 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 5561 with resistance around 5595, 5620 and weak below 5538 with supports around 5505, 5475 for the day. Nifty would be in Bullish zone above 5540 and would be in Bearish zone below 5510 for Monday. Under normal circumstances, Nifty is expected to trade between 5605/ 5625 on higher side and 5495/ 5475 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