Last week Update

The remarkable recovery from the lows started on 26th exactly on the day Mars changed house from Cancer to Leo. Leo represents indices, and Mars has infused huge energy in the sign, broad market recovery was less but Nifty futures kept moving upwards without any resistance at any levels. The rise from the lows is strong enough to make chartist reconsider to term it, as PULL back or End of correction that began on January 17th.
Our opinion current rally remains a pull back, June Month first 15 days showing little more favorable to Bulls, and someone up in the havens lovingly wants to give bulls a good chance to exit, from weak long positions. Few aspects are strong enough, to take nifty above 5215 levels. Markets would remain Volatile with wide movements, unlike last few weeks when volatility was range bound. More detailed analysis would be provided in Monthly June view.
Saturn direct 3rd aspect will help Scorpio based industries chemical and Oil marketing companies, while 10th aspect will hurt communication companies and software product prices.