morning thoughts..
Well we were continuously saying that markets are likely to be in a range and dip is a buying opportunity and one should buy out of money call options at dips and the strategy has well paid off – yet again a perfect analysis at work.
Technically I would not say that the markets have broken out , its has just trapped shorts and there could be probable some more upside and short squeeze upto 5350 levels , where again selling pressure and profit booking can have upper hand.
But taking a contrarian view I would not be so much worried as long as nifty trades above 5200 levels , but for sure will face resistance at 5350 levels.
Now it can be an interesting pattern with a false resistance at 5350 levels attracting huge shorts and then a proper bear trap.
So I will not short agressively until and unless 5200 is broken consistently , however small shorts can be done near 5350 levels , but that’s for professional traders as markets will be very deceptive and turn tide very quickly , so one need to be very fast and adaptive to the situation.
Astrolologically the beautiful planet venus turns straight , its effect on stocks and commodities have been explained below.
From a trading point of view , I would still concentrate on stock specific activities , out of money call options at dips and out of money puts at higher levels and trade volatility in nifty.
Venus and its effect…synchronized.
The Benign and Great Venus, who is seen as symbolic of sex and beauty in astrological parlance as well as a planet of business, trading and wealth, would enter the sign Leo on the stock and commodity market day July 7, 2010 and reside there till August 01, 2010. Many important and weighty stock and commodity market sectors are likely to be impacted by this transit. While in Leo, the Venus would come into physical proximity with Hot and Red Planet Mars who is symbolic of Male and aspected by witty Rahu and blunt Neptune, both of who are friends of Venus. The sign depositor of Leo is Sun, who is a fiery planet. Therefore, Venus would remain extremely Hot because of the triple effects of three fiery celestial bodies, which are the Sun, Hot Mars and Fiery Leo. Both love and romance as well as stock market including investment and trading comes under the domain of fifth house of a natal chart as well as the role of Rahu, Venus and Mercury. All these things, love and romance, investment, trading and speculation are the matter of sheer luck, which only an expert astrologer in this line can read properly about an individual nativity and in turn, can transform an uneventful life into an eventful and juicy one. Believe me, in absence of a supportive luck, you just cannot earn from investment and trading. Your hard earn money would just go to waste. I astrologically believe that proper astral remedies by an expert astrologer in this line are of great help in such an event. Coming back to the moot issue of Venus transits through Leo, I would now specifically explain the traits of planet Venus and sign Leo in stock and commodity markets parlance and the outcome thereof.
VENUS IN THE STOCK AND COMMODITY MARKET PARLANCE• It owns Taurus and Libra, exalted in Pisces, obstructed in Aries and debilitated in Virgo. It’s Mooltrikona sign is Libra;• Venus is friendly to Mercury and Saturn;• Venus does not like Sun and the Moon and treat them as enemies;• Venus is neutral to Mars and Jupiter;• As regards stock and commodity sectors, Venus rules over Media, Entertainment, Tourism, Garments, Hotels, Diamond, Gems and Jewellery, Fashion, Silver and Sugar.• Venus does not exclusively cover most of the sectors listed above and other planets have also say in the price movement in these sectors.
SIGN LEO IN THE STOCK AND COMMODITY MARKET PARLANCE
Ruler - King Sun. It is the Mooltrikona sign of the Kind also.
Direction - East
Nature - Fiery, Fixed sign, Extrovert
Benefics -Sun, Mars and Jupiter
Malefics -Moon, Mercury and Venus
Neutral - Saturn
Stock and Commodity sectors - Power, Media, Gold, Copper, Nuclear Energy, Wheat, etc.
From the above two lists of sectors represented by Venus and sign Leo, respectively, none of the sectors are common between the two lists other than Media.
PREDICTIONS ABOUT THE LIKELY PRICE MOVEMENT
Selling pressure and negative price momentum is likely to emerge in the stock prices of Power, Media, Gold, Copper, Nuclear Energy and Wheat during the period from July 07 to August 01, 2010. Period after July 20th till August 01, 2010 are likely to witness accentuated falls in the stock prices of the above sectors. Since I am dealing with the transit results of Venus through Leo and its likely impact in the stock and commodity markets, my astrological predictions are confined only from July 07 till August 01, 2010 in respect of the above sectors of stock and commodity markets. Nothing has been revealed beyond the above period.
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Yesterday’s calls sent via sms and messenger
Rolta –buy at cmp 168.20 sl 166.50 targets 172 , went 175.80
Essar oil –buy at cmp 139.30 sl 138 targets 142 ,hit sl
Nifty 5300 ce – buy at cmp 76 sl 69 targets 92 , went 102.50
Nifty – buy at cmp 5250 sl 5230 targets 5290 , went 5313.90
Sail 190 ca – buy at cmp 8.30 sl 8 targets 10 , went 9.95
Platinum Punter Bharti airtel – buy at cmp 269.50 sl x targets x – holding
Golden Fii Tisco – buy at cmp 480 sl x targets x – holding
Silver Dii Yes bank – buy at cmp 277.50 sl x targets x – holding
Jackpot Punj Lyod – buy at cmp 136.50 sl x targets x – holding
Btst Gitanjali gems – buy at cmp 128 sl 126 targets 137 - holding
