Big Range Week Ahead (with Bearish Bias)…Mid Week Crucial….!!!
Astro Technical Guide and
General outlook for the week (13.02.2012 to 17.02. 2012)::
Planetary Position :: During the current week Moon would be
transiting from Swathi in Libra to Moola constellation in
Sagittarius. Moon would be under the influence of Saturn conjunction (and also aspected by Jupiter)
in the first half of the week and aspected by Mars on Wednesday and
Thursday and by Saturn on Friday. Sun continues to transit in
Dhanishta constellation ruled by Mars which is retrograde. Saturn
continues to be retrograde. Mars and Saturn conjoin in Navamsa chart
in Scorpio till 22nd February till which period market can be expected
to be generally Bearish. Astrologically, 15th February is expected
to be a Big range day for the market (could be a Bearish Day). Rahu, planet for FII activity would move to Anuradha constellation ruled by Saturn from Tuesday and FIIs could turn cautious on their investments.
Considering the overall position, high degree of caution is advised,
astrologically and Risk Reward ratio for Long positions appears clearly
unfavourable.
Astro Technical Position for the Week :: Market rallied for the 6th
week in succession and closed with a muted gain of mere 1% during the
week. Weekly chart pattern suggests tug of war between Bulls and Bears
and nobody seems to be in control during the week. Hence, next week
would decide who would win over the other. However, general market
sentiment has changed and it is a case of “Buy on Decline “ now.
Fundamentals have improved on Currency front as INR has appreciated
considerably and liquidity has improved and Interest scenario also
would improve in future once RBI starts cutting rates from the next
meeting. However, despite all the above, broader market correction is
overdue and can be expected once FII buying slows down . Technically,
market is in overbought position and a reasonable retracement can be
expected . Further, there is strong resistance around 5450, which if
crossed at 5555. On the othr hand, if 5330 is breached, level of 5200 can be expected very soon.
Nifty Outlook for Next Week :: 13.02.12 to 17.02.12
NIFTY :: 5382 (+56)
Market went up for the Sixth week in succession fuelled by FII Buying
. However, this week rise has been only 1% and market traded in a
very narrow range of under 2.5%. Narrow range indicates fight
between Bulls and Bears at these levels and if current week’s low level
is breached, it would lead to further fall. On the other hand, if
current week’s high is crossed, further rise is also possible.
Further, strong resistance is there around 5555. However, current
rally is driven by huge liquidity and as long as institutional buying
continues any meaningful dips, either in Index or individual scrips
may be utilized to buy.
For the coming week, Nifty spot is expected to face resistance at
5455, 5530 and 5600 and find support at 5310, 5235 and 5165.
Technically, Nifty, presently Bullish, becomes weak it closes
below 5325.
Advice for Traders :: In view of the narrow range in the last week,
traders are advised to wait for Break out above the high or Break down
below the low of the last week’s range and trade accordingly for the
next week.
WD Gann’s
natural numbers which would act as natural support and resistance are
::: 5006, 5077, 5149, 5221, 5293, 5366, 5440, 5514 during the week.
For Daily Astroguide and strategy contact sastry.saaketa@gmail.com
Disclaimer :: Trading is risky and Astro
guidance is to as an additional tool in addition to technicals
and adapted depending on intraday movements. Creator only knows what is
going tohappen and astrologer can only indicate what is likely to
happen .Whether Stock market is suitable or not is determined based
onIndividual natal chart and that would be helpful to determine
one’sfavourable / unfavourable period .
The Financial Astrologer Team
Sunday, February 12, 2012
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