Saturday, October 16, 2010

NIFTY OUTLOOK FOR 18/10/2010

NIFTY TAKES OUT 6088 AND CLOSE AT 6062. ANOTHER
CLOSE BELOW 6088 IS THE INDICATION OF TREND REVERSAL.
STRONG CLOSE ABOVE 6155 NEEDED TO THE RETURN OF
BULLISH TREND. MORE PANIC WILL RETURN INTO THE
SYSTEM IN NIFTY TAKES OUT 6000 MARK.

EVEN POSITIVE RESULT OF INFY NOT ABLE TO STOP THE
FALL IN NIFTY ON FRIDAY. BULLS PLEASE WATCH THE
CLOSING ABOVE 6155 AND THEN ENTER INTO MARKET.

UPTO CLOSE-ABOVE-6155 BEARS CAN SELL IN EVERY RISE
KEEPING 6155-SPOT AS STOPPLOSS.


FOLLOWING LINES ARE VALID PLEASE WATCH FOREX MOVEMENT
------------------------------------------------------
THE NIFTY'S FURTHER MOVEMENT WILL DECIDE ONLY
BY THE DOLLAR MOVEMENT. IF DOLLAR WEAKEN FURTHER
SEE UPMOVE IN NIFTY AND ANY STRENTH IN DOLLAR WILL
BRING SLIP DOWN.

AS PER SOURCES FOREX MARKET IS VERY
MUCH LARGER THAN EQUITY MARKET. FII'S WHO ARE HOLDING
LONGS IN DOLLAR HEDGING THEIR POSITION BY BUYING
ASIAN EQUITIES. IF DOLLAR STARTS TO GET STENTHENING
THEY WILL RELEASE HEDGING BY SELLING ASIAN EQUITIES.




SHORT-TERM TREND ONLY FOR THOSE WHO FOLLOW ASTROLOGY
----------------------------------------------------
AS PER ASTRO NEGATIVE TREND SEEN UP TO 11TH NOV.2010.
NOW GURU IN REVERSAL MOVE(VAKRAM). ON 7TH NOV ENTER
INTO KUMBAM AND ON 11TH NOV/2011 GURU RELEASE FROM
REVERSAL MOVE. FROM 11TH NOV/2010 TO 24TH MAY/2011
EXTREME GREEN FOR MARKET. SO THE INVESTORS CAN PLAN
ACCORDINGLY.




ASTRO-BASED WEEKLY NOTES FOR TRADERS
=====================================

1.COAL-INDIA.
-------------
THIS GOVERNMENT IPO STARS WHEN SUN IN DECLINE HOME
THULAM. MONDAY AND TUESDAY LITTLE POSITIVE DUE TO
VARKOTHTHAM OF SUN AFTER THEN NEGATIVE. WE EXPECT
THAT WE CAN BUY AFTER LISTING AT DISCOUNTED PRICE.


2.REALITY LITTLE POSITIVE
--------------------------
SUKRAN ALLREADY IN OWN HOME(THULAM) IN REVERSAL MODE.
ALSO ENTER INTO MESHAM NAVAMSHAM. LITTLE POSITIVE
SEEN. ASSURED PULL BACK FOR EVERY DIPS.


3.CHOPPY DAYS FOR POWER, INFRA AND FERTILIZER.
-----------------------------------------------
MARS ENTERING OWN HOME VIRUCHIKAM ON 20/10. BUT
20/10 AND 21/10 ARE NOT GOOD AS MARS SAIL IN KADAKAM
DECLINE-NAVAMSHAM. SO WE HOPE CHOPPY
WEEK AHEAD FOR ABOVE SECTOR. BUT NEXT WEEK 25/10-30/10
WILL BE POSITIVE FOR ABOVE SECTORS.


4.NEUTRAL BIAS FOR TELECOM
-----------------------------
MERCURY EXIT FROM KANYA-APEX HOME ON 14/10.
NOW SAILING IN THULAM FRIENDLY HOME.
MARS ENTERING VIRUCHIKAM OWN HOME ON 20/10.
BUT 20/10 AND 21/10 ARE NEGATIVE TO MARS DUE TO THE
KADAKAM-DECLINE NAVAMSHAM.
WE EXPECT CHOPPY WEEK FOR TELECOM.
OUR SHORT TERM RECOMENDATION REMAIN SAME AS FOLLOW.
INVESTORS CAN HOLD RCOM FOR THE TARGET
RS.600 AND BHARTI RS.900 ON 5TH MAY 2011.

5.POSITIVE FOR STEEL AND OIL.
------------------------------
SATURN EXIT FROM MESHAM-DECLINE-NAVAMSHAM ON 15/10.
NOW IN RISHABAM FRIENDLY-NAVAMSHAM. PULL BACK SEEN
IN ABOVE SECTOR.

6. BANKING AND FINANCE
----------------------
AS GURU IN REVERSAL MODE, AVOID LARGE CAPS.
AS PUTHAN EXIT FROM APEX HOME RALLY OF MID-CAP
BANKS MUTED. BUT NO DOWNSIDE EXPECTED.


7. OTHERS
-----------
PSU> POSITIVE ON MONDAY AND TUEDAY. THEN NEGATIVE.
AUTO> VOLATILE WITH POSITIVE WEEK.
IT AND RIL> MILD POSITIVE SEEN.
ADAG STOCKS> MAY GET HURT FROM WEDNESDAY




AS PER ASTRO IN THIS WEEK
=========================
MONDAY POSITIVE UPTO NOON AND THEN NEGATIVE.
TUESDAY NEGATIVE DAY AND PULL BACK AT CLOSING.
WEDNESDAY POSITIVE AND VOLATILE DAY.
THURSDAY POSITIVE DAY.
FRIDAY NEGATIVE AND VOLATILE DAY.


NIFTY WEEKLY RANGE
===================
5822/5911-6088-6155/6244



INTRA-DAY TRADING ON MONDAY
============================
BUY NIFTY-FUT ABOVE 6111 TARGET 6133/6155 STOPLOSS 6088.
SELL NIFTY-FUT BELOW 6088 TARGET 6044/6000 STOPLOSS 6088.


ASTRO VIEW 18/10/2010
======================
MOON SAIL IN AVITTAM STAR (MARS SAARAM) UP TO 12.06PM
AND THEN IN SATHAYAM STAR (RAAKU SAARAM).
THIS IS KUMBAM SIGN WHICH IS 12TH PLACE
FROM GURU AND THIRD PLACE FROM RAAKU.
AS MOON SAIL IN 12TH PLACE TO GURU NEGATIVE TREND
EXPECTED AFTER A POSITIVE OPENING TREND UPTO NOON.



18/10/2010 BIRTH NO.9 FATE NO.4
-----------------------------------
GOOD FOR INFRA AND POWER.



OUT PERFORMERS FOR 18/10/2010
---------------------------------
SHIPPING, INFRA, POWER AND TELECOM.


UNDER PERFORMERS FOR 18/10/2010
--------------------------------
ALL LARGE-CAPS.



LAGNAA TIMES DURING TRADING HOURS
------------------------------------

OPENING ..to.. 10.40am VIRUCHIKAM POSITIVE
10.40am ..to.. 12.47pm THANUSH NEUTRAL
12.47pm ..to.. 02.36pm MAKARAM NEGATIVE
02.36pm ..to.. CLOSING KUMBAM POSITIVE
LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.



TECHNICAL VIEW
================

LAST(15/10) CLOSE@6062 (-115 POINTS)
LAST HIGH@6200 LOW@6050
WEEKLY HIGH@6284 LOW@6067

5DMA@6140
20DMA@6080
50DMA@5757
200DMA@5312

NIFTY CLOSE BELOW 5 AND 20 DMA'S.
FURTHER SUPPORT AVAIL REMOTE AT 50DMA 5757.



5-DAY RSI 39 AND 14-DAY RSI 56.
INDICATES NIFTY IN A CRITICAL POSITION.




WEEKLY KEY RESISTAN@6155/6244/6333
WEEKLY PIVOT @6088
WEEKLY KEY SUPPORT@6000/5911/5822

EXPECTED RANGE FOR 18/10/2010.
IN SPOT 5955-6155

SPOT RESISTANCE FOR 18/10/2010..... 6088/6111/6133/6155
SPOT SUPPORTS FOR 18/10/2010..... 6044/6022/6000/5955




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=================================================

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