WEEKLY ASTRO GUIDE (02.12.2013 to 06.12.2013)

CRUCIAL WEEK WITH BULLISH BIAS

 Planetary Position ::  During the current week Moon would be
transiting  from Anuradha  in Scorpio   to Uttarashadha in Capricorn .  Sun transits in Jyeshta   constellation  in Scorpio.    Mercury ,transits in Visakha and Anuradha  constellations in Anuradha.    Mars  transits in   Uttara  constellation in Virgo.   Saturn continues in Visakha  constellation in   Aries and Taurus navamsas.  Jupiter transits in Retrograde motion (till 6^th March 2014)  in Gemini and presently   in Taurus Navamsa .  Venus transits in  Uttarashadha  constellations in  Sagittarius and Capricorn sign. Astrologically, further rise is possible before major correction in Second half of the month.

Nifty Outlook for Next Week :: 02.12.2013 to 06.12.2013 (Further Rise Possible)…  

 NIFTY :: 6176(+181)  

Nifty snapped Three week fall and registered a rise of about 3% during the week. However, calendar month closed with a loss of about 2% and November Derivative series too closed with a loss of about 3%. As written in last week’s column, a relief rally was witnessed amid bearish sentiment and sentiment has become cautiously optimistic now, Current week and early part of next week is crucial as State Elections results and their expectations would be  keenly watched by market participants. Based on the last week’s rise, based on technicals, further rise is possible. IF Election results are taken positively by the market, Nifty could seek higher levels and register a new High during this month. Positive feature of the current rise is the participation of several midcap stocks which have registered smart rise. While further rise is possible, stock selection has become an important factor as several stocks continue to remain laggards. Hence, investors with Medium / long term horizon need to exhibit patience as stocks selected by them might not perform. Hence an approach combining Technicals and Fundamentals is required to spot winners. Further, 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. 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 atleast by Six months. and medium term bullish sign in markets presupposes improving fundamentals as is evidenced by market reports that earnings are improving and recent GDP data too is indicative of the same.  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 . Presently short term movement too is positive and long positive may be continued with a stop loss of 6050 on close basis.  Nifty is  above 200  DMA  and 50 DMA and the  50DMa also has crossed  200DMA and makes a clear case of “Buy on Decline” with 200 DMA as stop loss. .

For the coming week, Nifty spot is expected to face resistance at
6255,  6335, 6415 and find support at 6100, 6020, 5940.

Nifty , presently in short term bullishness, would reverse only on a close below  6050.

Advice for Traders :: Nifty had come out of short term bearishness during last week and remains bullish as long as it closes above 6050. One more positive weekly close would take the market further up. Hence current week should be keenly watched for further market movement and long positions may be continued with aforementioned stop loss.

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

 MID SESSION BETTER (FOR MONDAY)

Nifty closed with a gain of more than 1% and appears to have cleared the neutral zone. However, one more positive close would confirm the same.  Nifty spot is expected to encounter resistance at 6215, 6250 and find support at 6140, 6100 for Monday. While Global cues and  Funds flow  are expected to broadly guide the market movement, based on the present market position, market is expected to be generally better in the mid session  and might face selling pressure in the closing session.

 Nifty                               6176        +84

Review for Friday, 29th November, 2013 :: December Series Opens with a Bang ..!!

Market opened steadily and immediately  surged  more than 1% and traded in a narrow range thereafter to close with a gain of more than 1%..However, November calendar month ended up with a loss of about 2%.  All sectoral indices closed in the green and notable gainers include Bank, Metal, Infra, Realty, FMCG etc., 42 of Nifty stocks gained and broader market too was positive with Advance Decline ratio placed at 1.8 :1. NMDC, Bank of Baroda, , SSLT, BHEL, PNB  remained  major gainers among Nifty stocks while M&M, Hero Motors, Wipro, NTPC, Asian Paints  remained losers among Nifty stocks. 

Among F&O stocks,  JP Associates, Syndicate Bank, NMDC, Bank Baroda, PFC     remained  major gainers  while Jubilant Food, MRF, M&M, UBL, Apollo Tyres      remained  losers.

Inputs provided by

Dr.Bhuvanagiri Amaranatha Sastry

Astro Technical Analyst

Saketha Consultants, Hyderabad

He can be reached @sastry.saaketa@gmail.com

09848014561