Caution
at Higher Levels
for the Week 31.07.2017 to 04.08.2017
NIFTY
:: 10015 (+100)
Nifty
traded in a wide range of 9920 to 10115 during last week and closed
nearer to the middle of the range for the week at 10015 with a Gain
of 100 Points (about 1%). Market had closed with a positive outlook.
-
The short term trend is Bullish and It is Bullish both for Medium and
Long term, Short term could become Bearish if Nifty comes and closes
below 9900.
-
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9839, 9682,
9440 and 8938 respectively and would act as Supports and Resistances
as Nifty is trading above all the Moving averages.
-
Nifty continues to trade above the 200 DMA and also the 50 DMA and 50
DMA too has come above 200 DMA suggesting that the Long term outlook
has become Bullish and Nifty continues to trade above all the moving
Averages and hence can be considered Bullish for Long term too.
Technical
Levels...
Breakout
level :10150 Breakdown level : 9900
Bullish
above 10090 with Resistance at 10150, 10225
Bearish
below 9940 with Supports at 9870, 9800.
Advice
for Traders...
Weekly
Open level is very important for the entire week. Long positions may
be considered as long as it maintains above the Weekly open level.
-----------------------------------------
Planetary
Position...
Moon
would be transiting from Swathi 4 th Pada in Libra to Moola 4 th Pada
in Sagittarius.
Sun
transits from Pushyami 4 th Pada in Cancer to Aslesha 1 st Pada in
Cancer .
Mercury
transits from Magha 4 th Pada to Poorva Phalguni 1 st Pada in Leo.
Venus
transits from Mrigasira 4 th Pada in Gemini to Aardra 2 nd Pada in
Gemini.
Mars
transits in Pushyami 3 rd Pada in Cancer to Pushyami 4 th Pada in
Cancer.
Saturn
moves in Retro motion in Jyeshta 4 th Pada in Scorpio and also moves
in Pisces Navamsa.
Jupiter
transits in Hastha 4 th Pada to Chitta 1 st Pada in Virgo and from
Cancer Navamsa to Leo Navamsa.
Rahu
and Ketu transit in Leo and Aquarius and in Aries and Libra Navamsas.
Moon
transited between Dhanishta and Poorvabhaadra in Aquarius between 12
th July to 14 th July and made a range of 9788 and 9913 (125 points )
and even though the High is crossed it could go up beyond the target
to 10115 and closed at 10115.
------------------------------------------------
Mid
Session Bearish (for Monday)
Tithi
::Sraavana Sukla Navami
Nakshatra
::Swathi & Visakha.
Persons
born in Aswini, Maka and Moola and those born in Scorpio and Pisces
are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 9.37 AM;
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to open Better till about 10.15 and remain subdued from
10.15 AM till about 2.30 PM and recover thereafter till about close
of the day.
Astro
Technical Trading Strategy...
If
Nifty Fut. Trades below the Open / ATP level by about 10.30AM , Short
Positions can be taken with suitable SL, and such positions can be
closed by about 2.15PM. If Nifty fut trades above the ATP by about
2.35PM, Long positions can be taken with suitable SL and to be closed
by about end of the day.
Technical
Levels...
Resistance
: 10055, 10090 Support : 9975, 9940
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