Weekly Astro Technical Outlook

Nifty range continues to be 5200 - 5450…!!!
Astro Technical Guide for Tuesday, 08th November, 2011 and General outlook for the week (08.11.11 to 11.11.2011)::Astro Info::
Tithi :: Kartika Sukla Trayodasi ;
Day :: Tuesday;
Nakshatra :: Revathi (Moon in Pisces) ;
Persons born in Krittika, Uttara and UTtarashadha and persons born in Aries and Leo Zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the Week :: Nifty moved in a narrow range of about 150 points during the week and closed with a loss of about 1.5% for the week on the back of huge gain in the previous week. Though market had gone up recently , fundamental concerns both global and domestic continue to remain the same. But technically, market is in better shape but close to strong resistance zone (may not go above 5500) and when it goes below 5150, down trend would be in place once again. Fundamentally, due to fundamental factors, several stocks are available at attractive buy and making them value Buy with long term horizon. Investors with long term outlook can buy such stocks. Saturn, slowest moving planet among Navagrahas would be entering its exalted sign Libra on 15th November and infra stocks which have been languishing for last couple of years could prove to be a dark horse set to win the race. Hence any technical breakouts may be used to buy or buy on SIP basis with long term outlook. Market is expected to be driven by global concerns and as the ground is slippery, wait for the market to become technically weak to take shorts or at higher levels with 5510 as stop loss. Nifty might revisit sub 4900 levels during the next One month. At that point in time, we can reassess whether to buy for Long term / Medium with 4700 as Stop loss. For next week, Nifty would turn bearish only on a close below 5180. (Aggressive traders can consider this level as 5250 also).

Technical Levels for the week :: Nifty (spot) would encounter Resistance at 5360, 5430, 5505 and find Supports at 5210, 5140 , 5070 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 : 5077, 5149, 5221, 5293, 5366, 5440, 5514, 5588 during the week.

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 .

The Financial Astrolgoer Team