Strong Resistance around 10140

(Outlook for the Week 18.9.2017 to 22.09.2017)

NIFTY :: 10085 (+150)

Moon transited from Dhanishta to Revathi in Aquarius and Pisces Rasis between last Tuesday to Friday (between 5 th September to 8 th September) and made a narrow range of 9963 to 9883, and opened with a positive breakout during the week and achieved nearly Target 2 also and went upto 10131 and closed at 10085. In case Nifty crosses 10140, it would make a new High and it would get into a new territory. So it would face strong resistance around 10140. Market had closed with a positive outlook with a gain 150 points.

- The short term too has become Bullish . It is Bullish both for Medium and Long term, Short term could become Bearish if Nifty comes and closes below 9950.

- 200 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9927, 9918, 9714 and 9182 respectively and would act as Supports and Resistances.

- Nifty continues to trade above the 200 DMA and also the 50 DMA and 50 DMA too has come above 200 DMA (Golden Cross has come more than Seven months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the long term and Short term Moving Averages and hence can be considered Bullish .

Technical Levels...

Breakout level : 10160 Breakdown level : 9950

Bullish above 10160 with Resistance at 10235, 10300

Bearish below 10010 with Supports at 9925, 9850.

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 Makha 2 nd Pada in Leo to Chitta 3 rd Pada in Libra.

- Sun transits from Uttara 2 nd Pada in Virgo to Uttara 3 rd Pada in Virgo.

- Mercury transits in Pubba 1 st Pada to Pubba3 rd Pada in Leo.

- Venus transits from Makha 2 nd Pada in Leo to Makha 4 th Pada in Leo.

- Mars transits in Pubba 1 st Pada in Leo to Pubba 3 rd Pada in Leo.

- Saturn moves in Jyeshta 4 th Pada in Scorpio and also moves in Pisces Navamsa.

- Jupiter transits in Chitta 3 rd Pada in Virgo and moves in Virgo Navamsa and is vargottama too.

- Rahu and Ketu move to Cancer and Capricorn and in Pisces and Virgo Navamsas,

Opening Session Bearish (for Monday)

Tithi ::Bhaadrapada Bahula Trayodasi

Nakshatra :: Makha

Persons born in Rohini, Hastha and Sravana and those born in Virgo and Capricorn are advised to be alert in their dealings.

Sensitive / Trend change Timings :11.40 AM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and become Subdued from 9.45 and remain Subdued till about 11.50 AM and remain Better from 12.00 to about 2.00 PM and could remain Steady / Subdued thereafter.

Astro Technical Trading Strategy...

If Nifty Fut. Trades below the Open/ATP level by about 9.45 AM , Short Positions can be taken with suitable SL, and such positions can be closed by about 11.45 AM. IF Nifty fut trades above the ATP by about 12.00 PM, Long Positions can be considered with suitable SL and such positions can be closed by about 2 PM.

Resistance : 10125,10160  Support : 10045, 10010  


IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and astrological portion given above should be considered together and applied for taking proper trading decisions.

Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..


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