Sunday, July 15, 2018

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Caution at Higher Levels

Outlook for the Week 16.07.2018 to 20.07.2018

NIFTY : 11019 (+246)

Nifty traded in a range of 10807 to 11078 during last week and closed nearer to the High of the range at 11019. It gained about 246 Points in the week and made a Positive weekly close for the Second week in a row.

Market is Bullish in all Long Term, Medium Term and Short Term outlook. Bearish only if it closes below 10850.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10790 10739, 10563 and 10470 respectively and would act as Supports and Resistances.

Nifty continues to trade above all the moving averages and 50 DMA has come above 200 DMA (Golden Cross has come more than about 18 months ago) suggesting that the Long term outlook has become Bullish.

Technical Levels...

Breakout level : 11150 Breakdown level : 10850

Bullish above 11100 with Resistance at 11175, 11250

Bearish below 10940 with Supports at 10860, 10780

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.

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Planetary Position...
Moon would be transiting  from Makha  4 th Pada in Leo   to Swathi 2 nd  Pada in Libra.

Sun transits from Punarvasu 3 rd Pada in Gemini to Pushyami 1 st Pada in Cancer.

Mercury transits from Aslesha 3 rd Pada Cancer to Aslesha 4 th Pada in Cancer.

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

Mars, in Retrograde Position, transits in Sravana 1 st Pada in Capricorn to Sravana 1 st Pada in Capricorn.

Saturn, in Retrograde motion, and transits in Moola 4 th Pada in Sagittarius and moves in Cancer Navamsa.

Jupiter, in Direct motion, transits in Swathi 4 th Pada in Libra and transits in Pisces Navamsa.

Rahu and Ketu transits in Pushyami 3 rd Pada in Cancer and Sravana 1 st Pada in Capricorn Rasis and transits in Libra and Aries Navamsas .

Moon had transited between Aquarius and Pisces between 2nd July to 6 th July and made a range of 10615 to 10816 and would be the Base for the entire month.

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Generally Better (for Monday)

Tithi :: Aashadha Sukla Chaturdhi

Nakshatra: Makha & Pubba

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

Sensitive/Trend change Timings : 9.39AM;10.05 AM;10.23AM; 11.11AM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to remain Better till about 10.40AM and remain Steady thereafter and remain Better from 11.50AM till about 2.50 PM and would remain Steady / Subdued till about end of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 9.30 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 10.30 A M. If Nifty fut trades above ATP by about 12.00 PM, Long Positions with suitable SL can be taken and close the Positions by about 2.45 PM.

Technical Levels...
Resistance : 11060,11095 Support :10980,10945

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