General outlook for the week (31-10-11 to 4-11-2011)::
(Viewers desirous of having full Astro Technical Guide with Intraday Trading strategy, Abridged astroguide for the next day in advance, Trend Change Dates, Sensitive Timings during the day, Weekly F&O strategy , Bullish and Bearish scrips with Reversal Point as per astro technicals may write to the the following mail id) thefinancialastrologer@gmail.com
AT the suggestion of certain blog viewers, weekly astroguide (abridged) is being given in the blog
Astro Info::Tithi :: Kartika Sukla Panchami upto 11.04 and Shashti thereafter ;
Day :: Monday;Nakshatra :: Moola upto 10.54 and Poorvashadha thereafter (Moon in Sagittarius ) ;
Persons born in Rohini, Hastha and Sravanam till 11am and in Mrigasira, Chitta and Dhanishta thereafter and persons born in Capricorn and Taurus Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the Week :: As expected Market came out of the narrow range and gave a break out when it closed above 5180. As solution was found Greece problem, world markets rallied and our market too went up on Friday by 3% and last week recorded a rise of 6%. However, the rise was very swift and only those who had overnight long positions got benefited. Nifty filled up the gap at 5325 and in the process created a gap once again and it is to be seen when this gap would get filled up. However, there is strong resistance in the region of 5500 and before it could go past 5500, it might fill up the gap and could revisit 5200. Nifty would cease to be bullish only when it closes below 5150. Hence, for the time being any fall may be utilized to take long positions. Alternatively, risk takers can take short around 5450 with 5510 as strict stop loss or buy 5400 put options around the aforesaid level. Though nothing much has changed fundamentally, sentiment is vastly improved and investors worldwide are far more comfortable and are willing to buy. Astrologically, Mars moves into Leo and would transit in this sign for more than 7 months as against normal 45 days and would be aspected by benevolent Jupiter and hyper activity can be noticed in the markets now and those who are on the right side would be immensely benefited and vice versa. It would no longer be a side ways / narrow / dull market going forward. So fasten your seat belts as we could be having a fast ride from now on. On the other hand Saturn also would be moving to Libra on November 15 th and also receiving Jupiter aspect and this could bring in discipline and reduce the expected high volatility. Mercury would be getting retro from November 24th and would create lot of communication gaps. Also the global solar eclipse on November 25th also is to be closely watched. Venus and Mercury have moved to inimical Scorpio and out of Jupiter aspect could dampen the sentiment. Considering all the above, it should be seen whether 5500 would be taken out or not ?? (my bet is that it might not be taken ) and we could move in 5200 - 5500 range for the time being. In November series, we may trade between 5485 on the upper side and 4900 on the lower side (once 5200 is broken ).
Technical Levels for the week :: Nifty (spot) would encounter Resistance at 5435, 5510, 5580 and find Supports at 5290, 5215 , 5145 during the week. Based on present market movement, Nifty would be in bullish zone above 5280 and in bearish zone below 5210 during the week . WD Gann’s natural numbers which would act as natural support and resistance are : 5149, 5221, 5293, 5366, 5440, 5514, 5588 during the week.
