Weekly Astro Guide for Stocks and Commodities (21/10/2013 to 25/10/2013)

Mercury Retrograde… Market ?   … !!

Astro Technical Guide  and
General outlook for the week (21.10.2013 to 25.10.2013) ::

Planetary Position ::  During the current week Moon would be
transiting  from Krittika in Aries  to Punarvasu in Gemini.    Mercury ,transits in Visakha constellation in Libra and would get into retrograde motion from 21^st evening for about 3 weeks.  Mercury, a planet of Trade and Commerce, communication, when retrograde characterizes a dull, two way movement market, undependable , misunderstandable communication etc., Hence traders are advised to be cautious and quickly book profits as they can evaporate fast.  Mars  transits in  Leo in Makha   constellation . Saturn continues in Libra in  Swathi constellation in   Pisces navamsa.  Jupiter transits in Gemini in Punarvasu  in Taurus Navamsa.  Venus transits in in Jyeshta constellation  in Scorpio  sign.  Mars’ continues in  friendly Leo. Astro range for the current month is 6200 and 6035 and Nifty would be bullish above 6200 and bearish below 6035 and would be neutral in between these levels for the next Three weeks.

Nifty Outlook for Next Week :: 21.10.2013 to 25.10.2013 ( Close to Resistance  / Caution at Higher Levels  )…  

 NIFTY :: 6189 (+93)  

Nifty gained about 1.5% and has completed Three weeks of Gain and the entire weekly gain coming on Friday. Temporary solution to US crisis enabled world markets to heave a sigh of relief. However, market is once again close to strong resistance level of 52 week high and also within striking range of life time high which could act as strong hurdles. However, these hurdles would be cleared sooner than later but it is doubtful whether it would happen this time or not?  Positive factor for this time is Diwali, which is only Two weeks away. Whether life time is achieved  in this attempt or not, market has clearly become a case of “Buy on Decline”. Nifty has been trading in a range of 4600 to 6300 for more than 4 years and is due for a  powerful breakout sooner than later.  Q2 results season would influence scripwise movements. Our markets are exhibiting  vibrancy in line with world markets due to positive fund flows  and is ahead of the economy / fundamentals and are likely to perform as it is factoring in a performing Government in next elections. Certain underperforming sectors such as Financials, Capital Goods and Infrastructure need to do well if the market and economy is to really take off. All eyes are on forth coming State Elections which could be viewed as a  prelude for the forthcoming Big fight. Stock market discounts future in advance and is ahead of economy and fundamentals and bullish sign in markets presupposes improving fundamentals.  Nifty has been making higher bottoms and can be expected to breakout and make higher tops. “Buy on Decline” may be followed for Medium / long term. Traders should be ever vigilant to track short term movements and presently, a close below 6025 would weaken the short term sentiment.  Nifty is  above 200  DMA  and 50 DMA and the only hitch is 50DMa being below 200DMA. While short term trend is  bullish but close to strong resistance , it would weaken only on a close below 6025.

For the coming week, Nifty spot is expected to face resistance at
6265,  6345, 6425 and find support at 6110, 6030, 5955.

Nifty presently in bullish zone for short term would become bearish on a close below 6025.

Advice for Traders :: While Nifty is in short term uptrend, it is likely to face strong resistance and fresh long positions may be avoided in general and existing long positions may be protect with tight stop loss. In case it appears becoming weak, a “Short straddle” strategy may be considered.

WD Gann’s
natural numbers which would act as natural support and resistance are
, : 5891, 5968, 6046, 6124, 6202 ,6281, 6361,6441  during the week.

Further , Weekly 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

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MCX Commodities :: 21/10//13 to 25/10//13 … 

Copper :: (448.80)  Copper traded  between 460 and 445 last week and appears to be in consolidation zone. Neutral range for the next week is 456 and 447 and would become bullish on a firm close above 456.

Crude Oil  :: (6192) Crude traded between 6348 and 6120 last week .  For the next week, it would be neutral between 6350 and 6175 and bullish trend would return only on a decisive close above 6350.  In international market, it closed around 101 and a strong support exists around 97 while a strong resistance too exists at 104.25 and is generally bearish in $ terms.

Gold :: (29480) Gold traded   between 29885 and 28350 on MCX and between 1329 and 1251 $ in international market. After breaching crucial support level in the previous week, it is in pullback mode.  Neutral zone for the current week is 29400 and 28600 on MCX. As long as it holds above 29400, pullback can be expected to continue. In international market too, it is in pullback mode with strong resistance at 1375$ and if the bearishness is to continue it may not go even nearer to that level.

Lead :: (132.20) Lead traded  between 133 and 127.40 last week and is in pullback mode. It would be in neutral zone between 132 and 128.50. While it is bearish in general, further pullback can be expected as long as it maintains above 131 it should be sold only on smart rise as Stop loss level is far away at 142 

Natural Gas :: (231 ) Natural Gas traded between 239 and 226 and is in short term bullish trend.  Neutral range is 235 and 228. If it continuously trades above 239, even a level of 255 to 260 can be  expected.

Silver :: (48195 and 21.91 USD) It traded between 48853 and 45951 on MCX . For the next week, it is neutral between 48500 and 47000 and would turn marginally bullish if it trades continuously above 48500. While it is bearish, a reasonable pullback can be expected. 

Zinc :: (116.55) Zinc traded  between 118 and 115.40  during  last week  and is in  bearishness with strong resistance at 124.50. For the next week, neutral range is 117.5 and 115.50 While it is bearish, a reasonable pullback can be expected if it continuously trades above 118.

Commodity price movement is influenced by USD INR movement.

Commodity Trading is highly risky and strict stop loss is to be followed.