THIS
WEEK ALSO POSITIVE
for
the Week between Feb 26 - March 2
NIFTY
: 10491 (+39)
Nifty
traded in a narrow range of 10499 to 10303 during last week and
closed nearer to the High of the range for the week at 10491 with a
Gain of only 39 Points and made a
Positive weekly close. It is for the First week after 3 weeks of negative
Close in a row. During the week, As stated earlier in this column,
Market gained in the Current Week and it could again close positive
for the current week.
- The short term trend is quite Bearish. It is rather Bullish for Medium Term and quite Bullish for Long term. However, Short term would become Bullish if Nifty goes UP and closes above 10650.
- 20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10639, 10610,
10415 and 10094 respectively and would act as Supports and
Resistances.
- Nifty
continues to trade above the 200 DMA but below the 50 DMA and 50 DMA
has come above 200 DMA (Golden Cross has come more than about a Year
ago) suggesting that the Long term outlook has become Bullish and
Nifty continues to trade above Two Long Term moving averages and
hence can be considered as Bullish.
Technical
Levels...
Breakout
level : 10650 Breakdown level :10250
Bullish
above 10575 with Resistance at 10650, 10725
Bearish
below 10400 with Supports at 10325, 10250,10175.
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 Punarvasu 1 st Pada in Gemini to Pubba 2 nd
Pada in Leo .
- Sun
transits from Sathabhisham 3 rd Pada in Aquarius to Sathabhisham 4 th
Pada in Aquarius.
- Mercury
transits from Poorvabhadra 1 st Pada Aquarius to Poorvabhadra 3 rd
Pada in Aquarius.
- Venus
transits from Poorvabhadra 2 nd Pada in Aquarius to Poorvabhadra 4 th
Pada in Pisces.
- Mars
transits in Jyeshta 3 rd Pada in Scorpio to Jyeshta 4 th Pada in
Scopio .
- Saturn
transits in Moola 4 th in Sagittarius and moves in Cancer Navamsa.
- Jupiter
transits in Visakha 3 rd Pada in Libra and moves in Gemin Navamsa.
- Rahu
and Ketu transit in Aslesha 1 st Pada in Cancer and Sravana 3 rd Pada
in Capricorn Rasis and in Sagittarius and Gemini Navamsas,
Moon
has completed its trading journey between Aquarius and Pisces on
16.2.18 to 20.2.18 and made a range of 303 points i.e., between 10613
and 10303, During the rest of the week, it traded in the range of
10341 and 10497. Thus, trading in between the range. Hence, it has to
be seen whther it will cross the High of 10613 or it will cross the
Low of the range ie., 10303.
-------------------------------------
Generally
Better (for Monday)
Tithi
:: Phalguna Sukla Ekadasi
Nakshatra:
Punarvasu
Persons
born in Aswini, Makha and Moola and those born in Cancer and Scorpio
are advised to be alert in their dealings.
Sensitive / Trend change Timings : 1.31PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Steady/ Subdued and remain Better from 10.20AM
till about 12.15 PM and remain Subdued thereafter till l about 2.15
PM and could remain Better till Close of the day.
Astro
Technical Trading Strategy...
If
Nifty fut trades above ATP by about 10.30 AM, Long Positions can be
taken with suitable SL and such positions can be closed by about
12.15PM. If Nifty Fut trades below ATP by about 12.30 PM, Short
Positions can be taken with suitable SL and such Positions can be
closed by about 2.00 PM. If Nifty fut trades above ATP by about 2.30
PM, Long Positions can be taken with suitable SL and such Positions
can be closed about end of the day.
Technical
Levels...
Resistance
:
10425,10460 Support :10340,10305
No comments:
Post a Comment