Technical view: Nifty current pull back from 26th has shown much more strength and indication of further rise, TIME cycle favors till 17th of June. Resistance on the higher side would be around 5081, 5170 and 5210. While from 17th onwards volatile movements will increase and a major break out is indicated, that would be good enough to give more than 500 nifty points movement, in few days. Broad call upside potency is 150 points and downside potency is 350 points from the current levels that is 5050.
Zodiac position:
Mars – transit in Leo, being fiery planet and in fiery sign, will give much wider movements in indices. Mars in Leo will actually give bigger movements in commodity markets, particularly GOLD, planets don’t know up or down, they simply infuse energy and good aspects give smooth no friction move, which gives wider moves. Index base stocks will see more volatility. Mars being energy – will be positive for energy and rel estate sector, OIL marketing companies and GAS prices will go up.
Venus: transit in Gemini is friendly sign, volatility is currency markets is observed since past few days, will remain in Gemini till 9th of June, after words transit in Cancer is not very harmonious position. But it is very good for the Cement sector and partly will favor reality stocks to give pull back rally. More deal in agriculture land will be seen, hotel industry will do well, and most important Venus 120 Jupiter will increase withdrawal of FII funds equity to direct participation in other sectors. Negative signal is for the overall valuation process; Venus in cancer will make investors choosy, more bargaining and greedy, will take much longer time while spending money. Instead of growth potency, investors would choose low risk stocks.
Mercury: will transit from Aries to Taurus, slow logic – slower thinking and overall, Taurus attitude to delay decision making will be observed. Energetic Mercury becomes more cautious.
After 22nd there will be huge volatility as mercury will shift to own house that’s Gemini, aggression will be felt, traders and speculators will start more participation. The position is very good for the US markets. Software and communication will show recovery from the lows faster than any other sector.
Jupiter needs a bigger space, in short FII investments will slow down towards equity markets but funds will flow to increase stakes, companies will announce more buy backs in coming year. More Indian companies will get aggressive in overseas acquisitions. The best sector in Indian markets would be Pharma stock, big ticket takeovers.
Saturn and Rahu remain in the same signs.
The usual sun transit and planetary aspects are explained below.
Sun transit in Rohini from 25th to 8th June, this is not a strong Nakshatra moon is the ruler more, being female sign more artistic and creative abilities are found. Investors are recommended to invest in small caps and mid-caps as name meaning of the Nakshatra is growing. Being a materialistic sign, tends to be slight greedy or possessive at times. The shadow side is greed makes them blind and materialistic desire becomes obsession; Operator gets trapped in his own game, and is not able to get out of the loss making trade easily.
Sun transit will make banking stocks very volatile not necessary exit of funds but churning of portfolios within sector. Software sector gives good rising trend, well for textile, Toy manufacturing industry, PLASTIC products. Shipping industry related products. After volatile Kruttika, market tends to be more consolidation and low volume phase. Slight more positive by nature good for PSU and midcap side counters. Indices generally show positive close. Already other aspect like Mars has helped and seen in the market.
The weekly Astro-view is already sent up to 7th, and it is also uploaded on site, so won’t be repeated again.
Sun transit in Mrugga: this is my favorite Nakshatra, it is quick and sharpest in response. People born under this Nakshatra have pleasant attractive personality, smart, fast, love traveling, and are very good collectors. The fifth in series is divided in signs Taurus and Gemini. Mars is the ruling planet. Second part is influenced by Mercury, highly enthusiastic & curious natured people are found, also known as searching star. Liberation or spiritual freedom and research abilities are refined here. Quick in grasping and equally fast in response, stock market best of the hedge trades or even momentum traders have strong influence of Mrugga, being quick and trend setter, these people trade best in free zones or confused markets. Being most violent Nakshatra, they are best volatility traders.
in stock market Taurus part of Mrugga -consumer durable electronics, media, music, liquor and tobacco industry, malls, broking or portfolio management and merchant banking services directly come under this section.
The sectors indicated by the Nakshatra are telecommunication, 2 wheeler automobile, short transports and logistic business, in cars low cost mass products. The Gemini part- is more active and more at mental level of activity, has very strong connection with communication, writing or book printing, education sector and software engineers, BPO units and Radio as a industry are ruled by this part. Second set is related to education, printers and press. Dealers in machinery, computer companies, software engineers, part of Media industry is also ruled by Mrugga.
We are expecting rise during 8th to 17, new surprise opportunities will come positive announcements local and global sentiment would become optimistic, bright probability we may see further rally in the current pull back rally.
8th June major aspect – Jupiter 0 Uranus: The aspect creates new unexpected opportunities and one should be ready to take aggressive big action to make best out of it. This is very bullish aspect and most important Auspicious Tithi 11, and Nakshatra Ashwini, makes it much more important. Same Day Mercury 120 Saturn supports the intense logic behind powerful action. Watch Technology and Electrical Sectors.
9th Mercury 90 Neptune means senior guy might take some wrong decision. 10th MID POINT- Uranus (Pisces) 60 Mercury (Taurus) 60 Mars (Leo): Scorpio and Banking sector major stock movement particularly small banks on take over tussle. OIL refineries could be beneficiary. This is Very high volatility TITHI 13 – Nakshatra Kruttika.
11th is a bad day, a minor fast decline is probability. 12- Venus 60 Saturn: stability in currency markets, more matured measures will be taken by the various governments. 14th Venus 120 Uranus is very nice aspect huge wealth appreciation – a very strong rebound in government financial conditions or positive collective effect. MEDIA , A Mega hit movie possible . 15th : Mars 120 Pluto, open offer – buy back and total control of privatization of Government asset , Jupiter 120 Venus Very good for Banks
Sun moves in sign Gemini, on 16th on of the violent sign, and Nakshatra Mrugga will start giving stronger results. The planetary positions are little difficult and not favorable for the bulls. Sun sign also represents relationships neighboring countries, Air traffic, stock brokers somewhere man made destruction is indicated.
17th and 18th, last two days of the week seem a bit bullish, and investors and traders should reduce long exposure on rise. Again – 19th to 26th becomes highly volatile and negative zone, Saturn 90 Sun, Saturn aspect 10th on Sun.
21st Uranus 90 Sun, 19th & 21st will act as Midpoint – this is highly negative from index point and this aspect is capable to give big wide movements, ideally negative levels of 4800 and breaking below 4750 is big probability.
Sun will shift position in Nakshatra ‘Aardra’ Nakshatra of Rahu symbolized in one picture as ‘tear flowing with no expression on the face’ is shown, and the tears can be of joy or grief. Being highly materialistic planets has very close association stock market. Derivatives the concept and products are directly ruled by RAHU. So fortunes in derivatives can be made or lost, when ever Sun transits Nakshatra ruled by Rahu. The people under influence are deep and passionate thinkers. It has huge strength and potency, lord Rudra is fierce form of lord Shiva, the destroyer. The activity, enthusiasm and a strong urge to expand makes this zone, trend setter for few months. The results of Aardra are huge and far more than expected by the beneficiary. During the transit a determined trade or speculative position can be created, which will be taken with futuristic views, can make some one really rich and in a different plain altogether. The failure of a positive signal on nifty or individual counter, can lead to serious trouble for months. Though other planetary aspects are not confirming, now the other side final failure of bear assault can suddenly move market upwards without giving chance to cover short. Volatility and Action or participation from institutions is expected to suddenly pick up, fund buying and promoters might increase their stakes.
When Mercury is weak and badly aspected by other planets, broking community goes through lot of painful period, high friction is communication errors leads to break ups in relations, business deals and most important sentiment and logic goes for a toss. Mercury – being lord of technical analysis, when bad technicians find it difficult to judge charts, or arrive at conclusion, confusion of cycle reading increases, more whipsaws are seen.
24, 25 and 26th are again bad due to various aspects, Mercury 90 Saturn, Mercury 90 Uranus, and Mercury 90 Jupiter – this phase. Sector looking weak are software, communication and worst could turn out to be steel sector. The last day of the derivative month, is going to be very volatile with wide closing, the best thing is Nakshatra Jyestha gives good rise initially so bulls can comfortably exit positions, at slightest weakness.
28 to 30, or last 3 days of the month are looking very positive, the last day 30th Tithi is 4th with best bullish Nakshatra so a sharp movement is expected, a bright probability is positive.
Looking at the picture – it is likely that during the recovery there is indeed a huge probability of 5150 to 5210 tested in the first half of June before 19th and post June if the phase really works particularly the 19th to 21st aspects that can be big blow and vertical fall of more than 300 to 450 nifty points within 5 to 8 days.
Thank You
Mahesh Gowande
