Thursday, December 9, 2010

NIFTY OUTLOOK FOR 10/12/2010

NOT TECHNICALS, NOT FUNDAMENTALS, BUT RUMORS
LEAD NIFTY FROM NOON. NIFTY SLIP ALL MOST 185
POINTS FROM DAY HIGH 5927 MAKE LOW 5742 AND
CLOSE AT 5766. JUST 50 POINTS AWAY TO RE-TEST
5690 LAST WEEK LOW.

BLOOD PATH SEEN IN BANKING AND MID-CAP SECTORS.
HIGH VOLATILE DAYS ARE AHEAD. STAYING AWAY OR
TRADING WITH MINIMUM QUANTITY WITH STOPLOSS,
IS THE PROPER WAY FOR TRADERS FOR NEXT 2DAYS.


THE TECHNICALS ARE REMAIN SAME.
THE NEXT SUPPORT IS AT 5688. BUT KEEP IN MIND
THE CORRECTIVE WAVE CAN LEAD NIFTY TO 5587 OR
EVEN TO 5378.

ONLY A CLOSE ABOVE 5866 CAN BRING BULLISH
TREND TO THE MARKET.

AS PER TECHNICALS WE CAN
SEE EITHER ONE OF THESE LEVELS OR BOTH BEFORE
NEW YEAR. 5555 OR 6555.

IN US DOLLAR INDEX JUMP ABOVE 80 NOW AT 80.2
(AT 8PM THURSDAY). DOW FUTURE PLUS30.
BUT WHO CARE ABOUT GLOBAL? ONLY RUMORS
LEADS MARKET.


NIFTY WEEKLY RANGE
====================
5688/5777/5866-5955-6044/6133/6222

AS PER ASTRO THIS WEEK
========================
FRIDAY..... RANGE BOUND DAY WITH NEGATIVE BIAS.




NIFTY FUTURE MOMENTUM PLAY ON FRIDAY
========================================
BUY NIFTY-FUT ABOVE 5799 TARGET 5822/5866 STOPLOSS 5777.
SELL NIFTY-FUT BELOW 5777 TARGET 5733/5688 STOPLOSS 5799.


ASTRO VIEW 10/12/2010
======================
MOON SAIL IN THIRUVONAM STAR (MOON SAARAM).
THIS IS MAKARAM SIGN.
WHICH IS 11TH PLACE FROM GURU,
AND SECOND PLACE FROM RAAHU.

AS MOON SAILING IN OWN SAARAM POSITIVE
AND NEGATIVE BOTH EXPECTED. TIGHT
RANGE EXPECTED.



10/12/2010 BIRTH NO.1 FATE NO.7
-----------------------------------
GOOD FOR PHARMA AND NEGATIVE FOR NIFTY.


OUT PERFORMERS FOR 10/12/2010
-------------------------------
IT, PHARMA, FMCG AND STEEL.


UNDER PERFORMERS FOR 10/12/2010
--------------------------------
LARGE-CAPS, AND BANKS.


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

OPENING ..to.. 09.28am THANUSH NEGATIVE
09.28am ..to.. 11.16am MAKARAM NEUTRAL
11.16am ..to.. 12.56pm KUMBAM NEUTRAL
12.56pm ..to.. 02.27pm MEENAM POSITIVE
02.27pm ..to.. CLOSING MESHAM NEUTRAL

LAGNA TIMES CALCULATED WITH MUMBAI SUNRISE.



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

LAST(09/12) CLOSE@5766 (-137 POINTS)
LAST HIGH@5927 LOW@5742
WEEKLY HIGH@6069 LOW@5690

5DMA@5926
20DMA@5946
50DMA@6056
200DMA@5507

IMMEDIATE TREND NEGATIVE.
NEXT RESISTANCE ZONE 5866 LEVEL.
NIFTY HAVING STRONG SUPPORT AT 5507.


5-DAY RSI ' AND 14-DAY RSI 44.
INDICATES NIFTY SLIPPING INTO BEARISH ZONE.


WEEKLY KEY RESISTANCE@6044/6133/6222
WEEKLY PIVOT @5955
WEEKLY KEY SUPPORT@5866/5777/5688

EXPECTED RANGE FOR 10/12/2010.
IN SPOT 5688-5866

SPOT RESISTANCE FOR 10/12/2010..... 5799/5822/5866
SPOT SUPPORTS FOR 10/12/2010..... 5733/5711/5688




SHORT-TERM TREND ONLY FOR THOSE WHO FOLLOW ASTROLOGY
=======================================================
AS GURU SAILING IN MEENAM WITH KADAKAM-APEX-NAVAMSAM,
AS EXPECTED GOLD AND CURRENCY START TO RALLY.
THIS RALLY PULLING DOWN THE EQUITY MARKETS.

FROM 5TH DECEMBER GURU ENTER INTO SECOND HALF
OF KADAKAM-NAVAMSHAM AND SAILING WITH GOOD POWER.

GOOD PULL BACK SEEN IN LAST WEEK. BUT MORE
POWER TO NIFTY EXPECTED FROM 3RD JANUARY.
GURU EXIT FROM KADAKAM-NAVAMSHAM ON THAT DAY.

TRADE WITH CAUTION UP TO 3RD JANUVARY.

ANY HOW WE EXPECT A HUGE RALLY FROM THEN,
UPTO MAY 2011.
GET READY TO TRADE NIFTY IN FIVE DIGITS.




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

1.REALITY POSITIVE DAYS AHEAD.
--------------------------------
SUKRAN IN OWN HOME(THULAM)AND THE REVERSAL MODE
CHANGED LAST WEEK. THIS WEEK TAKE MAKARAM AND KUMBAM
FREINDLY HOMES AS NAVAMSHAM. POSITIVE MOVES EXPECTED
FROM HERE AND USE EVERY DIPS TO BUY.


2. POWER, INFRA AND FERTILIZER CAN WITHHOLD.
---------------------------------------------
THIS WEEK MARS SAILING IN THANUSH AND HOLD RISHABAM
AND MITHUNAM AS NAVAMSHAM. LITTLE POSITIVE EXPECTED.



3. SOME LITTLE PAINS LEFT FOR TELECOM
-------------------------------------
MARS NOW SAILING IN THANUSH HOME. ALSO TAKE
RISHABAM AND MITHUNAM HOMES AS NAVAMSHAM.
BUT MERCURY START TO GET SAIL IN VAKRAM(REVERSAL)
MODE FROM SUNDAY(28/11/2010).
WE EXPECT SOME LITTLE PAINS LEFT FOR TELECOM.
BUT OUR LONG TERM EXPECTATION
REMAINS SAME AND WE ADVISE TO ACCUMULATE IN DIPS.




4. WORST OVER FOR STEEL AND OIL.
------------------------------------
SATURN NOW IN KANYA SING AND TAKING RISHABAM
FRIENDLY-NAVAMSHAM. LAST WEEK SATURN LOST GURU'S
7TH VIEW BUT NOW REGAIN THE SAME. EXPECT SOME
BOUNCE IN ABOVE SECTORS IN THIS WEEK.


5. BANKING AND FINANCE
----------------------
SAME AS LAST WEEK. BUY IN DIPS.
GURU SHIFTED TO MEENAM OWN HOME LAST WEEK.
KEEPING KADAKAM-APEX-HOME AS NAVAMSHAM GETTING
HUGE POWER. WE EXPECT POSITIVE TREND FOR LARGE
AND MID-CAP BANKS FROM HERE.
SBI AND ICICI CAN DO WELL. WE HOPE RECOVERY
OF NIFTY WILL LEAD BY THIS SECTOR ONLY.



7. OTHERS
-----------
PSU=== NEGATIVE FROM TUESDAY.
AUTO== POSITIVE
IT==== POSITIVE
RIL=== NEUTRAL WEEK.
ADAG== POSITIVE WEEK EXCEPT RCOM.



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

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