Astro Technical Guide and
Generaloutlook for the week (16.07.2012 to 20.07. 2012)::
Planetary Position :: During the current week Moon
would be
transiting from Mrigasira in Taurus to Aslesha in Cancer zodiac
signs . Sun moves to Cancer on 16th (Solar Ingress) and New Lunar
Month “Sravana” would be commencing from 19th July. Mercury would be
in Retrograde position for 3weeks and Uranus also turned Retro. During
Midweek, Mars would opposing Uranus and squaring Pluto which can bring
unexpected surprises as Moon too would be transiting Gemini completing
a “Grand Square “. In view of theGrand Square
and outer planets Uranus and Pluto, market can turn highly volatile
and unpredictable as Merury is also retro. Astrologically, an
interesting week is ahead. However, Jupiter Uranus sextile, Jupiter
Mars Trine, Uranus Mercury trine can contain the damage to a large
extent. Mercury Retro also would mean misleading / untrustworthy
communication, statistics etc., Does it mean any reform measures
during this period of 3 weeks of Mercury retro may not last long?
Technical Resistances and Supports can be breached catching the
traders on wrong foot too often. Astrologically range between Last
week’s Monday and Wednesday (5348 and 5258) is significant for the
next Three weeks and Bullish above the high can be considered and
Bearish below the low of the range. Since Nifty is already trading
below the aforesaid Low level, we can expect further lower levels
during the next One month (with 5360 as Stop loss).
Technical Position ::
Nifty Outlook for Next Week :: 16.07.12 to 20.07.12
NIFTY :: 5227 (-90)
Nifty experienced volatile movements and was down for 4 days of the
last week and finally closing with a loss of under 2%, after 5 weeks
of rise. Q1 results have been generally satisfactory except for
Infosys and market is looking cues from Government on reforms front
and major move might happen only after the presidential election when
these measures are expected to be announced. Immediate direction of
the market depends on global cues, Quarterly Results, RBI Policy
towards month end and Government action on Reform process. Market has
been trading in a narrow range over the last One month with occasional
movements and is direction less and the above factors can be expected
to provide the much needed direction.
Currency volatility also may play a major role as it can impact FII
flows . If Quarterly results do not disappoint and policy reforms are
taken up in right earnest under the leadership of new Finance
Minister, any reasonable decline may be used for long term positions.
It is better to focus on specific scrips which meets with the value
investing principle of “Margin of Safety”.
For the coming week, Nifty spot is expected to face resistance at
5300, 5370 and 5445 and find support at 5155, 5085, 5015.
Nifty spot would be Bullish zone for the next week above 5300 and
would get into Bearish zone only if it closes below 5260. Nifty,
presently under short term Bearishness would get out of the same only
on a close above 5350.. However, market has been moving in a volatile
fashion in a smaller range breaching immediate supports and piercing
immediate resistances.
Advice for Traders :: In view of the quarterly results, scrip
specific movement can be expected. Market appears to have broken down
as it closed below 5250 for Two consecutive days. Immediate stop loss
for Short positions may be placed around 5325 / 5350 and on breaching
of 5215 further fall of about 100 points can be expected.
Nevertheless, there is a very strong support in the region of 5075
WD Gann’s
natural numbers which would act as natural support and resistance are
::: 4936, 5006, 5077, 5149, 5221, 5293, 5366, 5440, 5514, during the week
transiting from Mrigasira in Taurus to Aslesha in Cancer zodiac
signs . Sun moves to Cancer on 16th (Solar Ingress) and New Lunar
Month “Sravana” would be commencing from 19th July. Mercury would be
in Retrograde position for 3weeks and Uranus also turned Retro. During
Midweek, Mars would opposing Uranus and squaring Pluto which can bring
unexpected surprises as Moon too would be transiting Gemini completing
a “Grand Square “. In view of the
and outer planets Uranus and Pluto, market can turn highly volatile
and unpredictable as Merury is also retro. Astrologically, an
interesting week is ahead. However, Jupiter Uranus sextile, Jupiter
Mars Trine, Uranus Mercury trine can contain the damage to a large
extent. Mercury Retro also would mean misleading / untrustworthy
communication, statistics etc., Does it mean any reform measures
during this period of 3 weeks of Mercury retro may not last long?
Technical Resistances and Supports can be breached catching the
traders on wrong foot too often. Astrologically range between Last
week’s Monday and Wednesday (5348 and 5258) is significant for the
next Three weeks and Bullish above the high can be considered and
Bearish below the low of the range. Since Nifty is already trading
below the aforesaid Low level, we can expect further lower levels
during the next One month (with 5360 as Stop loss).
Technical Position ::
Nifty Outlook for Next Week :: 16.07.12 to 20.07.12
NIFTY :: 5227 (-90)
Nifty experienced volatile movements and was down for 4 days of the
last week and finally closing with a loss of under 2%, after 5 weeks
of rise. Q1 results have been generally satisfactory except for
Infosys and market is looking cues from Government on reforms front
and major move might happen only after the presidential election when
these measures are expected to be announced. Immediate direction of
the market depends on global cues, Quarterly Results, RBI Policy
towards month end and Government action on Reform process. Market has
been trading in a narrow range over the last One month with occasional
movements and is direction less and the above factors can be expected
to provide the much needed direction.
Currency volatility also may play a major role as it can impact FII
flows . If Quarterly results do not disappoint and policy reforms are
taken up in right earnest under the leadership of new Finance
Minister, any reasonable decline may be used for long term positions.
It is better to focus on specific scrips which meets with the value
investing principle of “Margin of Safety”.
For the coming week, Nifty spot is expected to face resistance at
5300, 5370 and 5445 and find support at 5155, 5085, 5015.
Nifty spot would be Bullish zone for the next week above 5300 and
would get into Bearish zone only if it closes below 5260. Nifty,
presently under short term Bearishness would get out of the same only
on a close above 5350.. However, market has been moving in a volatile
fashion in a smaller range breaching immediate supports and piercing
immediate resistances.
Advice for Traders :: In view of the quarterly results, scrip
specific movement can be expected. Market appears to have broken down
as it closed below 5250 for Two consecutive days. Immediate stop loss
for Short positions may be placed around 5325 / 5350 and on breaching
of 5215 further fall of about 100 points can be expected.
Nevertheless, there is a very strong support in the region of 5075
WD Gann’s
natural numbers which would act as natural support and resistance are
::: 4936, 5006, 5077, 5149, 5221, 5293, 5366, 5440, 5514, during the week
Further , Monday’s Open level is very important for the entire week.
Short positions may be avoided as long as it maintains / closes above
Weekly open and vice versa
Disclaimer :: Trading is risky and Astro guidance is
to be
used as an additional tool in addition to technicals and adapted
depending on intraday movements. Loss / Gain in market depends on
Individual natal chart. Creator only knows what is going to happen
and astrologer can only indicate what is likely to happen . Investment
decisions made on the above analysis would be at your own risk and I
take no responsibility for your decisions based on the above
analysis.'
Trade only with stop loss..
Stay Disciplined for Successful Trading and Investing..
The Financial Astrologer Team
used as an additional tool in addition to technicals and adapted
depending on intraday movements. Loss / Gain in market depends on
Individual natal chart. Creator only knows what is going to happen
and astrologer can only indicate what is likely to happen . Investment
decisions made on the above analysis would be at your own risk and I
take no responsibility for your decisions based on the above
analysis.'
Trade only with stop loss..
Stay Disciplined for Successful Trading and Investing..
The Financial Astrologer Team
