Astro Technicals for Week of May 11 to 15 2020

It pays to remember that we are in a Jupiter-Pluto conjunction period which will last from April to November 2020.

April 04: Jupiter-Pluto conjunction (Both Direct) at less than 1 * of Capricorn.

Pandemic related Fear and confusion reach great levels.

June 30:  Jupiter-Pluto conjunction (Both Retrograde) at less than 1*of Capricorn. Saturn, dispositor of Pluto and Jupiter is also retrograde and so are Neptune and Mercury.. Complacency is likely to set in. Our leaders may claim that coronavirus is all conquered and so would a section of our society. But Jupiter-Pluto conjunctions are asking us to follow the new social norms and attitudes humbly. With Kala Sarpa Dosha also subsiding by May 29, tendency to ignore the pandemic could be strong.

November 12, 2020: Pluto and Jupiter conjunct in Sagittarius. A time period which could be difficult if we had all been complacent during May-June 2020?

Let us examine the markets with this back ground.

Just looking at the Lunations we expected the markets to make an isolated high on 08^th May. Nifty touched 176 points higher ( at 9382.65 ) than the previous day`s close of 9199.05 but gradually declined to close at 9251.50 ( + 52.45 points ).

Movement of Moon from Poorvashada on May 11^th to Satabhista on May 15^th points to a declining trend, but with Saturn, Venus and Jupiter getting retrograde,  ( 12^th May to 15^th May )there could be a pull up effect also in the same period before a decline next week. One another powerful aspect is the square between Neptune and Venus.

Anyhow after May 15^th Nifty favours a decline. The unusual exuberance expressed now is going to have a reality check.

Our take..9340 to 9400 is a good near term shorting zone for Nifty.Do follow the technical signals first.