Sunday, August 5, 2018

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for the Week 06.08.2018 to 10.08.2018

Current Week Bullish above 11450

NIFTY :: 11361 (+83)

Nifty traded in  a  range of 11235  to 11391 during last week and closed nearer to the  High of the range  for the week at 11361 with a Gain of about 83  Points. Market had closed with a Positive outlook.

Market is Bullish for the Long, Medium and Short Term. Short Term would be Bearish if it closes below 11200 towards Weekend.

Moon had  transited  between Aquarius and Pisces between 30 th July to 3 rd August and made a range of 11235 to 11391 and would be the Base for the entire month and if  the High of the last  week was crossed, it would be Bullish for the month and if the Low of the range is crossed it would be Bearish.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 11105 10851, 10669 and 10565 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 and Nifty continues to trade above all the moving averages.

Technical Levels...

Breakout level :11450 Breakdown level : 11200

Bullish above 11435 with Resistance at 11510, 11585, 11655

Bearish below 11280 with Supports at 11200, 11125

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 Krittika 4 th Pada in Taurus to Pushyami 3 rd Pada in Cancer

- Sun transits from  Aslesha 1 st    Pada in Cancer  to Aslesha 3 rd Pada in Cancer.

- Mercury ,in Retrograde motion, transits from Aslesha 2nd and 3 rd Pada in Cancer.

- Venus transits from Uttara 3 rd and 4th Padas in Virgo

- Mars, in Retrograde Position, transits in Uttarashadha 3rd and 4 th Pada in Capricorn.

- Saturn, in Retrograde motion, and transits in Moola 3 rd Pada in Sagittarius and moves in Gemini Navamsa.

- Jupiter, in Direct motion, transits from Swathi 4 th Pada to Visakha 1 st Pada in Libra and transits from Pisces Navamsa to Aries 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.

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Bullish till about Closing Session (for Monday)

Tithi :: Aashadha Krishna Dasami

Nakshatra: Krittika/Rohini

Persons born in Aardra, Swati and Satabhisham / Punarvasu , Visakha and Poorvabhadra and those born in Gemini and Libra are advised to be alert in their dealings.

Sensitive/Trend change Timings : 9.38 AM; 12.43 PM; 2.05PM

Lkely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to remain Better from about 9.40AM till about 1.50 PM and could remain Subdued thereafter till end of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 9.45 AM , Long Positions with suitable SL can be taken and close the Positions by about 1.45PM.

Technical Levels...
Resistance : 11400,11435 Support :11320,11285
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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 intraday movements . applied depending on the real time market movement.  used as an additional tool in addition to technicals and adapted  Technical portion. Loss / Gain in market depends on
Individual natal chart.  Creator only knows what is going to happen  and astrologer can only indicate what is likely to happen. 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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