Astro Technical Guide for the week 22.6.09 to 26.6.09

Astro Technical Guide for the week 22.6.09 to 26.6.09 ::

Moon Placement From Taurus to Cancer in the constellations from Mrigasira to Aslesha during the week.

22.6.09 :: Market expected to open better and may remain subdued from 11.30 /12.00 pm. However, time from 1.50pm to 2.45pm could be Bullish. Bank stocks expected to fare better and PSU stocks also could be better and Software stocks to remain steady.
Sensitive / Trend change time 1.10pm

23.6.09 :: Market expected to open better and remain subdued from 12.00pm and to recover after 2.40pm. (recovery after 2.40pm could be significant depending on the then technical position). FMCG and Power stocks expected to be better. Sensitive / Trend change time 10.20 and 1.00pm

24.6.09 :: Market expected to open better and expected to remain subdued after 12.00pm and may recover towards close of the day. Technology stocks are expected to be better.
Sensitive / Trend change time 12.45pm

25.6.09 :: Market expected to open steady and remain subdued / weak from 11.45am and may recover after 1.45 / 2.00pm. Sensitive / Trend change time 10.05 and 12.50pm
This being F&O expiry day, scrip specific action most likely. About 50 stocks are going out of F&O , there could be wild fluctuations in those scrips. If fundamentally good scrips fall disproportionately due to unwinding of positions, they may be bought in Cash market for decent gains in short term .

26.6.09 :: Market expected to open better and remain steady after 1.30pm. Bank and FMCG stocks to be volatile, Sensitive / Trend change time 1.20pm.

In view of F&O expiry week, scrip specific action likely. As Budget is fast approaching , there could be some rally in sectors which are likely to benefit such as Fertilisers , housing etc., Astrologically Sun is entering Aardra constellation (from 22.6.09 to 5.7.09 )which is generally Bullish (Bullish in 7 years out of last 9 years). We have to wait and see for this year.

Technical Analysis :: Nifty fut . strong above 4350 with resistance around 4416,4472 and 4562 and weak below 4300 with Supports around 4234, 4177 and 4080 for the week. Extreme range is 4710 on the up side and 3940 on the down side.

Dr. B Amaranatha Sastry