Weekly Astroguide

Market Oversold… Mild Relief Rally … !!!
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Astro Technical Guide for Monday, 21st November, 2011 and General outlook for the week (21.11.11 to 25.11.2011)::
Astro Info::
Tithi :: Kartika Bahula Ekadasi ;
Day :: Monday;
Nakshatra :: Uttara upto 1.25 and Hastha thereafter (Moon in Virgo) ;
Persons born in Aardra, Swathi and Sathabhisham and persons born in Libra and Pisces Zodiac signs are advised to be alert in their dealings.

Astro Technical Position for the Week :: Last week was one of the rare weeks, where in Market had fallen on all the Five days of the days and fall continued for Seven days continuously. Sentiment which was better 2 weeks back worsened last week and is at the lowest ebb. Medium term technical trend for Nifty has turned bearish in line with Long term trend paving way for further fall. However, in view of highly oversold position (market falling for Seven consecutive days), market can be expected to have minor relief rally. However, as F&O expiry is due on the next Thursday, it is doubtful whether any meaningful relief rally can materialize or it would come only in the first week of new settlement. In any case, technically, market is in oversold position and one needs to wait for a relief rally to take positional shorts. It is better to book profits once and sit on sidelines for taking shorts once again on relief rally. Midcap stocks have been beaten out of shape and this kind of selling at these levels suggests significant fall going forward. Astrologically too, planets posited in Scorpio i.e., Sun, Mercury and Rahu are aspected by Mars and Venus in Scorpio / Sagittarius is aspected by Mars / Saturn. Mercury is turning Retro on 24th and communication gaps are to be expected and no information / report can not be trusted. Sun Rahu conjunction going to take place later also suggests further downside. It is better not to talk of Fundamentals, Rising Inflation, Interest rates, depreciating Rupee all point towards degrowth in corporate profits. Traders may sell on Rise and Investors can continue to wait for buying or buy on SIP basis.
In view of F&O expiry, scrip specific volatility can be expected and Bearish scrips can fall further and vice versa.
Technically, Nifty present bearish for short term , would cease to bearish only if it closes above 5050.

Technical Levels for the week :: Nifty (spot) would encounter Resistance at 4975, 5050, 5120 and find Supports at 4835, 4765, 4700 during the week. Based on present market movement, Nifty would be in bullish zone above 5100 and in bearish zone below 5000 during the week . WD Gann’s natural numbers which would act as natural support and resistance are : 4727, 4796, 4866, 4936, 5006, 5077, 5149 during the week.
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 .

The Financial Astrologer Team