morning thoughts..
Nifty formed rising wedge pattern indicating correction if lower trend line breaks
On daily chart, Nifty is exhibiting “wedge pattern ", suggesting bearish breakout from existing high. Any decisive breakout below its lower trend line will only confirm bearish pattern otherwise current ongoing rally is likely to continue till the next psychological mark of 6,000. Probability of breaching 6,000 mark is extremely low in the coming week ending 24th September, 2010. Nifty is trading above its 8 days exponential moving average indicating current bull run is likely to remains continue. Its RSI is at 77 levels trading in the overbought zone indicating that there is some more upside potential left for it. Stochastic is currently moving in overbought zone at 88 on the brink of showing positive crossover also indicating upside.
The Indian economy has posted yet another quarter of strong growth, with Apr-Jun real GDP rising by 8.8% y-o-y. Looking ahead, growth in 2nd quarter could again be quite encouraging and India could still grow its GDP by close to forecasts of 8.5% y-o-y in FY11 on the back of agriculture sector growth due to good monsoon . However, the Indian markets, like other emerging markets are largely dependent in liquidity flows and good fundamentals may not be a good enough reason for stock prices to move up if there’s no liquidity to support share price appreciation. RBI decision to raise the repo rate by 25 basis points and reverse repo rate by 50 basis points as well as large numbers of IPOs are also lined up which will suck the liquidity from market. Going ahead, the key risk to flows is valuation risk (overvaluation relative to other Asian peers). Sensex is Currently, trading at PE of 23.26, premium to its peers and hence above is long term average. This week, buying is expected in Consumer goods, Healthcare and Power stocks if Nifty sustain 5,750 level while selling pressure could witness in Banking, Metal and Realty stocks.
Stocks to watch
Dlf , unitech , ispat , punj lyod , federal bank looks good
Friday’s calls sent via sms and messenger
Hind oil – buy at cmp 238.50 sl 236 targets 245 , went 249
Dlf – buy at cmp 358 sl 355 targets 365 , hit sl
Ispat – buy at cmp 20.50 sl 19.50 targets 24 , went 24.60
Ranbaxy 520 ca – buy at cmp 13 sl 11 targets 19 , went 25
Nifty 5800 pe – buy at cmp 36 sl 30 targets 50 , hit sl
Nifty – sell at cmp 5910 sl 5930 targets 5865 , went 5860.90
Billionaire Drum Gitanjali Gems – buy at cmp 213 sl x targets x – booked full profits at 227
Thursday’s Platinum Punter Siemens – booked full profits at 771 , long from 739
Thursday’s Silver Dii Dlf – booked full profits at 355 , long from 340
Thursday’s Jackpot Rajesh exports – booked full profits at 104 , long from 100
ASTROLOGICAL SYNOPSIS OF 6TH HOUSE INDICATING ENEMIES.
The term enemy itself is a dreaded and most frightening one and is in the inventory of ‘most unwanted things’ in our life. Is there any method to decimate or atleast to contain the enemy force more so in the event if it happens to be a powerful one than you? I think ‘No’. Compromise formula, although equivalent to a virtual surrendering before the enemy element, even also most often does not work as foolproof. But, Astrology can find a most potent way for you to pacify your enemy factors, be it for an individual nativity or in respect of the cases coming under the purview of mundane astrology.
The sixth house of a horoscope besides other significations denotes our enemies. The enemies may be in the form of adversaries, competitors, neighbours, and group of persons etc. encompassing all those within its ambit who keep an evil spirit against us in their minds as well as spell out the same through their actions. A weak 6th lord if afflicts 3rd house can cause continuous problem from neighbours and younger coborns. A weak 6th lord if afflicts the 10th lord through conjunction or aspect can give rise to enemies in the work place. Animosity with boss/superiors can be predicted if such affliction occurs in 9th house, with friends and colleagues if such affliction happens in 11th house and with subordinates if such afflictions take place in 5th house.
The sixth house is grouped in ‘trika/dusthana’ (meaning bad house) in Vedic Astrology. If the sixth lord is weak and the sixth house is afflicted by malefics especially, by hardcore malefic like Rahu through occupation or aspects, one has to bear with him the nagging problem of enemies throughout his life. However, the benefic aspects on sixth house and its lord reduce the bite of enemies to a large extent. If such weak sixth lord conjunct the eighth lord in houses 2nd or 7th and influence the most effective points of any of these two houses where these ‘dusthana lords’ are located can even cause death of such nativity in the hand of enemies at the time of running of unfavourable period and sub-period.
Some Beneficial Combinations
• An exceptionally strong Ascendant is always capable of fully neutralizing the malefic and adverse effect of enemies. Ascendant being the 8th house from the 6th house is the death place of enemies and all enemy related activities.
• A strong Jupiter in the Ascendant kills the enemies to their bottoms.
• Placement of benefic planets in the 6th house never allows enemies to grow.
• Mars and Saturn are the significator planets of 6th house and for that matter enemies also. If both of them are strong, enemies are always contained at the bays.
• A strong Arudha Bhava of the 6th house portrays the native stronger before his enemies through overestimation, which prevent the enemies to go against him.
The table below shows the general astrological outcome according to the placement of different planets in the 6th house with regard to enemy matters.
Planets General Outcome
Sun Good politicians, few enemies
Moon Bad for longevity, revengeful enemies
Mars Victorious, successful politician, less foes
Mercury Quarrelsome and a terror to his/her enemies
Jupiter Feared by his/her enemies
Venus Sexual over indulgence, no enemies
Saturn Quarrelsome, foe less
Rahu Long lived and wealthy but troubled by enemies
Ketu Fame and authority, few enemies
Enemies do not matter for a person, when they are happening to be weak and cannot muster courage to bite the native overtly or covertly through their ill spirited designs. I astrologically believe that we acquire the types and nature of animosity against us through our past deeds. I have, therefore, always suggested my readers to live a selfless and dedicated life devoid of greed and anger in order to reap them the sweet and juicy benefit of the same in their next life, the result of which even start unfolding in the existing life cycle itself as per the Holy Divine Diktat.
Planetary afflictions in the 6th house sometime become havoc for an individual nativity. I list below a few of them.
• If Mars is afflicted in the 6th joined by the Sun or Rahu, then one is likely to be exposed to danger from robbers, anti-social elements, militants and terrorists and sometimes, even by members of the police or defence forces.
• Venus, so afflicted in the 6th or afflicting the 6th, makes for rivals from the cine world like Hollywood/Bollywood like places or art world or from womenfolk generally, female relatives or even one’s own wife (or husband), turning inimical to the native.
• Mercury if afflicted in the 6th gives ones constant problems from the business community, may be banking organizations, businessmen and even small time traders and peddler like vegetable or fruit vendors. Or, even, one may get into complicated situations involving conmen.
• The afflicted Moon in the 6th house can even exposes one to danger from mobs and the public.
• The Moon, Mars and Rahu or Saturn afflicted in the 6th can make one get caught in riots, communal or group clashes, dacoities, stampedes or public demonstrations and thereby suffer much bodily, financially and in other ways.
• The Sun when so afflicted in the 6th house may push a native into a tangle of complications involving tax or other governmental and quasi-governmental authorities with endless running around to get out of the problems.
• When Saturn is the afflicting factors on the 6th house, the source of one’s problems can be members of the labour class, small time criminals, household staff, servants, factory workers and even those in the trade unions.
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