Indian Stock Market

Date - 03rd February 2012

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Nifty - 5269.90 (+34.20)
Sensex -17431.85 (+131.27)

Astro-Turning Dates (+/- 1 Day)* -
(This is preliminary analysis of the market which will be updated everyday during Market Hours. Effect can start plus/minus few hours)

Jan 30th/31st  -(........ ....... ......... For Paid Subscribers Only........ ......... ........ -Signal Strength Medium**)
Feb 01st/02nd - (........ ....... ......... For Paid Subscribers Only........ ......... ........ - Signal Strength Medium**)
Feb 03rd -(........ ....... ......... For Paid Subscribers Only........ ......... ........- Signal Strength Medium**)
NOTE - This is preliminary analysis of the market which will be updated everyday during Market Hours) 
 

Technical Outlook 03rd February 2012

As mentioned yesterday, Nifty has been moving in a bearish "Rising Channel" pattern for last 16-17 trading sessions with a sharp rise from 4531 to 5244 (rise of 710 points) of Nifty without any significant corrective decline. Buying from FIIs has been so strong that all the technical & fundamentals have been defied to give a nonstop rally. Now in daily charts Nifty has resistance around 5305 which if violated will set targets of 5800-6100 which may be achieved in coming months. On the bearish side Nifty has good support around 5140, bearish breakout from where is capable of of taking of 150-175 points in coming sessions. Nifty opened with a positive gap of 40-45 points since most of the global markets were trading in positive zone in morning as well as on previous night in US/Europe etc. Nifty touched an intra day high of 5289 & declined sharply by nearly 65 points when Supreme Court gave decision about cancellation of 2G licenses. Nifty regained & remained highly range bound before closing at 5269 about 34 points above the previous close.

As far as, extreme short term charts are concerned, Nifty continues to trade in bearish "Rising channel" pattern for last 18-20 trading sessions with support at 5140 & resistance at 5289 which has been rising @ 26-28 points per day. The current resistance works out to be 5320-5330 & the support works out to be 5190-5200. Bearish breakout from these levels can wipe off 150-175 points of Nifty in coming days whereas resistance will continue to rise @ 26-28 points on each working day.

As far as bar reversal in Daily charts are concerned, stocks like Rel Capital, Idea Cellular, Pantaloon Retail, Welspun, Bata India, Century Text, Gitanjali, Sterling Biotech, CBI, Balrampur Chini etc have given "Upward Bar Reversal" while SBI, Rel Communication, Tata Motors, Jindal Steel, Reliance Ind., Axis Bank, IDFC, HDFC Ltd., Cairn India etc. have given "Downward Bar Reversal". Stocks like Shopper's Stop, Aban Offshore, Sarda Energy, Rel Ind. Infra, Hexaware, Lakshmi Energy, Musco, Gemini Communication, Hitachi Home, Jai Corp. have shown  spurt during the day with unusually high volumes.

Sector wise, most of the stocks like Aban Offshore, Reliance Inds. Infra, Hexaware, Prestije, Jai Corp., Texmopipes, Tata Elxsi, Hitachi Home, Sintex Inds., Stride Acrolab, ITI Ltd., Engineers India etc. were among the top gainers of the day,  to close in positive territory whereas stocks like Unitech, Ashok Leyland, PFS, Sun TV, Aanjaneya, Kohinoor, IDFC, Delta Corp., R Comm., Coromandel, Ruchi Infra, Escorts etc. attracted profit booking at higher levels & closed in red territory. As far as, A/D data is concerned it was in favor of bulls in the ratio of 4:3 with 828 advances & 666 declines during the day.

In nutshell, Nifty continues to move in bearish "Rising channel" pattern in extremely overbought zones with multiple negative divergences which are indicative of impending corrective decline sooner than later. Nifty has minor support at 5200 & major support at 5170 which if violated can take Nifty down to 5000 or so in coming sessions. On bullish side Nifty is on verge of a powerful bullish breakout from a "Declining Channel" pattern of last 13 months having resistance at 5300-5310. 2 weekly close above these levels with volumes will set higher targets of 6000-6100 which may be achieved in coming days/weeks. The best strategy is to initiate fresh buying in stocks in which fresh bullish breakouts have occurred & book profit in stocks which have risen by 50%-60% in last few days.

Astrological Outlook for the Week (30th January 2012 - 03rd February 2012)

Current Planetary Position  - Astrologically, in Transit,  2 Planets i.e. Sun (In Shrawan Constellation, ruled by Friendly Moon) and Mercury (In Uttar ashada Constellation, ruled by Friendly Sun)  are placed in Capricorn. 2 Planets i.e. Venus (In Poorva Bhadrapad Constellation, ruled by Neutral Jupiter) and  Neptune  are placed in Aquarius. Uranus  is are placed in Pisces. Jupiter (Retrograde)  (In Ashwani Constellation, ruled by Neutral Ketu) and Transiting Moon are placed in Aries. Retrograde Ketu is placed in Taurus. Mars (In U.Phalguni Constellation, ruled by Friendly Sun) is placed in Leo. Exalted Saturn (Direct)  (In Chitra Constellation, ruled by Inimical Mars) is placed in Libra. Rahu (Retrograde),  is placed in Scorpio. Pluto (Direct) is placed in Sagittarius. Moon will be transiting through Aries, Taurus and Gemini during this week. 2 Planets are in retrograde motion as on 30th January 2012 i.e. Rahu and Ketu, Saturn entered Libra in Exalted state on 02nd January 2012. Sun entered Capricorn on 15th Jan 2012. Mars turned Retrograde on 24th January 2012. Saturn will turn Retrograde on 07th February 2012.

Expected Weekly Movement -In totality, keeping all the planetary configuration, bullish and bearish aspects in mind, Jupiter-Uranus conjunction on 04th January 2011 was the beginning of change of trend when Nifty touched an Intraday High of 6181 and Sensex touched 20664 (On 03rd January 2011).The decline continued for a month and short term trend reversal came with conjunction of Venus with Pluto in Sagittarius. Market remained sideways after that for a month or so and again a bounce came as soon as Sun conjunction with Uranus in Pieces took place on 21st March 2011 when Nifty was 5348 and Sensex was 17792.Jupiter opposition on 28th March coupled with Sun-Pluto aspect applied brakes to the sharp rally which took place between 21st - 28th March. Markets made a Lower Top of 5944 on 06th April followed by sharp declines in 2 swings till 5195 on 20th June 2011 It was followed by another sharp downward jerk on 09th August 2011 when Nifty touched and Intraday Low of 4946. Short Term Trend is DOWN which is in force since 08th July 2011. During next week, there ........ ....... ......... For Paid Subscribers Only........ ......... ........ (This is preliminary analysis of the market which will be updated everyday for day and swing traders through live market updates and trading calls. Note- Most of the astrological aspects work plus/minus few hours so it is better to follow live updates before entering into any positional trades) 

Trading Strategy - Keeping in mind the different Astrological Turning Dates during the week, For conservative Traders "Selective ........ ....... ......... For Paid Subscribers Only........ ......... ........  may give good profits during the week. Similar to last 3 weeks, this week may also see different sectors moving in different direction. (This is preliminary analysis. More accurate analysis with recommendations of Buy/ Sell will be provides to Subscribers during Market Hours) 

World Markets - Astro-Technically


Crude Oil ($99.56)
Technically, Crude has made 3 Tops at $103.37, $102.44 and $103.74 in last 40-45 trading days. If we join the bottoms of 04th October 2011 and 19th December 2011, Crude has already given bearish breakout below this 'Rising Trend Line', however crude has minor support at $97.40 and if this support is violated with volumes, Crude has NO option but to go down by another $7-$8 in coming days. Though Ascending Triangle is a Bullish Pattern but decisive breakdown below $97 will take it's course downward. Astrologically, there is a possibility of some ............................For Paid Subscribers Only............................ (This is preliminary analysis. More accurate analysis with Buy/ Sell recommendations will be provides to Commodity Subscribers during Market Hours) 

GOLD ($1732.20)
Technically, Gold started making "Lower Tops & Lower Bottoms" in Daily Charts. After making an All Time High of $1923.7 on 06th September 2011, it crashed to make a low of $1635 on 26th September 2011. It moved up once again to make a Lower Top at $1804.40 on 08th November followed by another round of sharp decline to make a recent low of  $1523.90 on 29th December 2011. Currently Gold has given mildly bullish breakout from a kind of "Inverted Head & Shoulder" pattern with resistance around $1645 which is already violated. Now Gold has resistance at the Declining Trend Line of 4 months at $1690-$1700. Gold will enter short term uptrend for target of $1875-$1900 if resistance of $1700 is broken upward decisively. Gold has next resistance around $1767 and Short Term Support at $1668/-which is to be watched carefully. Astrologically, as predicted, Gold closed positive (at $1732 against last week's closing of $1664) despite volatility. This week Gold ............................For Paid Subscribers Only............................Mars, which turned retrograde on 24th Jan is capable of causing huge volatility between 31st Jan - 03rd Feb.(This is preliminary analysis. More accurate analysis with Buy/Sell recommendations will be provides to Commodity Subscribers during Market Hours) 

SILVER ($33.7900) 
Technically, Silver had given bullish breakout from 2 different patterns i.e. "Inverted Head & Shoulder" Pattern with neckline resistance $30.66 which is already violated setting target of $35- $35.5 and another pattern i.e. "Declining Channel", target of which is $36.75-$37. Both these targets are likely to be achieved in coming weeks. Now Silver has Resistance around $35.25 and support around $30.50. Silver will turn weak only if moves below this level. Astrologically, this week looks ............................For Paid Subscribers Only............................ 03rd Feb 2012.  (This is preliminary analysis. More accurate analysis with Buy/Sell recommendations will be provides to Commodity Subscribers during Market Hours) 

COPPER ($3.8890) 
Technically, Copper, has given bullish breakout from a "Symmetrical Triangle" Pattern in Daily Charts having support at $3.30 and Declining resistance at 3.53 which is already violated with high Volumes and touching $3.834 on 20th January 2012 before closing at $3.745 on Friday. Copper is capable of touching $4.10-$4.20 in coming days/weeks as long as it remains above $3.450. Once it moves and stays below $3.450, the bullish targets will get negated. Astrologically, Copper may ............................For Paid Subscribers Only............................ during the course of the week.  (This is preliminary analysis. More accurate analysis with Buy/Sell recommendations will be provides to Commodity Subscribers during Market Hours) 
 

Analyzed by,
Rohit Dinani - CFTe, IFTA(USA), Jyotish Shastracharya (AIFAS)
Gulshan Kumar -  Dip.T.A, MSTA(London), CFTe, IFTA (USA), Jyotish Shastracharya (AIFAS)
Website: www.5trades.com / Email : 5trades@gmail.com / Tel: 09999491935

Disclaimer : The Technical and/or Astrological analysis provided in this newsletter is for the purpose of education and guidance of investors and traders. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. Any information, analysis, recommendations, opinions and suggestions are given with the understanding that readers acting on this information assume all kind of risks involved in trading and investment. Under no circumstances, Analysts / Astrologers will  be liable for any loss, profit, special or consequential damages that result from the use of the contents in this newsletter. Trading in stocks is a high risk activity which can wipe off more than your entire capital. Trade at your own risk only with adequate research and judgment.
Disclosure: None of the analysts/astrologers have any position in any of the recommended stocks.