Decisive Move This Week…!!!

Astro Technical Guide for Monday, 02nd May, 2011 and general outlook for the week::
Astro Info::Tithi :: Chaitra Bahula Amavasya ;Day :: MondayNakshatra :: Aswini (Moon in Aries ) ;
Persons born in Rohini, Hastha and Sravana and persons born in Taurus and Virgo Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week ::Contrary to expectations, Nifty maintained negative bias through out the week and closed in the red on all the Five days and closed with a loss of more than 2% during the week , however, without breaking narrow monthly range. Nifty traded between 5700 and 5950 during the entire April and closed at 5750 and clear breakout or breakdown is to be expected this week which would set short term direction to the market. While Market has been trading in a narrow range, Astrologically new Lunar month commences this week which appears normally better with volatile movements (bearish bias) around May 21. RBI Credit policy to be announced on Tuesday May 3, might set the direction for the market. Bank stocks appear to be nervous ahead of credit policy despite better results posted by Banks. Astrologically, New Lunar month appears to be rather bullish . Technically, Breakout of the range appears imminent. Fundamentally, macro fundamentals such as Crude oil price, rising interest rates, inflations do not support to be positive for the market . Short term movements depend on Institutional funds flow which at present is not positive. Considering all the above, Market is at cross roads with certain positive and certain negative forces and in the short term is poised for decisive move this week. Further, May month , in Odd year, is usually positive for Markets and whether current year would be in line with usual trend or turns out to be an exceptions is to be seen?
Technically, Nifty close above 5850 in the first half if the week and above 5800 during second half of the week makes Nifty positive.
Technical Levels for the week :: Nifty (spot) is strong above 5780 with resistance around 5870, 5945 and weak below 5720 with supports around 5630, 5555 for the week. Based on present market movement, Nifty would be in bullish zone above 5830 and in bearish zone below 5790 during the week . Under normal circumstances, Nifty is expected to trade between 5865/ 5900 on the higher side and between 5635 / 5600 on the lower side during the week. WD Gann’s natural numbers which would act as natural support and resistance are :: 5588, 5663, 5739, 5815 , 5891, 5908, 6046, during the week.
Sensitive / Trend change Timings for the day :: 11.15am; 12.50pm; 1.30pm;
Intraday Trend for 02.05.11 ( First Half Subdued …. Second Half Better…. !!! )
On the basis of planetary position , Generally, After Opening Market is expected to remain generally subdued till about 11.20 and generally recover after 1.30pm.
PSU and Tech stocks could remain better.

Astro Technical Trading Strategy for the day :: After 9.30am, if Nifty fut trades below Open Price , short positions can be taken with high level as stop loss and such positions may be closed by 1.00pm. After 2pm, 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 end of the day. (Intraday long positions is against short term trend and need to be closely monitored).

Technical Levels for the day :: Nifty Futures would be bullish above 5762 with resistance around 5795, 5825 and weak below 5740 with supports around 5705, 5675 for the day. Nifty would be in Bullish zone above 5770 and would be in Bearish zone below 5750 for Monday. Under normal circumstances, Nifty is expected to trade between 5805/ 5825 on higher side and 5695/ 5675 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