Current Week Range is
Crucial for Next Month
for the week between 27-31 May, 2019
NIFTY : 11,844 (+437)
Nifty traded
in a range of 12041 to 11592 during last
week and
closed nearer to the High of the week's range at 11844 with a Big Profit of 437 Points and made a Positive weekly close for the Second Consecutive Week.
-
During the week, Nifty would transit in Aquarius and Pisces Sign between Satabhisham
to Revati constellations and would
form a Range which would form a Basis for the next Three weeks. If it crosses
the Hgh of next Week, it would be
Bullish and and vice versa.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about
11529, 11547, 11191, 11055 respectively and they would act as Supports and Resistances.
- Nifty again came above all DMAs. As 50 DMA is above 200 DMA (Golden Cross) suggesting that the Long term outlook is Bullish. Short Term would become Bearish if it closes below11600 by the Weekend.
Technical Levesl...
Breakout level : 12050 Breakdown level : 11600
Bullish above 11925 with Resistance at 12000, 12075
Bearish below 11775 with Supports at 11500, 11625
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 Satabhisham 3rd Pada in Aquarius to Ashwini 3rd Pada in Aries.
- Sun transits from Rohini 1st and 2nd Pada in Taurus.
- Mercury transits in Rohini 3rd Pada to Mrigasira 2nd Pada in Taurus.
- Venus transits in Bharani 3rd to 4th Pada in Aries.
- Mars transits in Aardra 2nd to 3rd Pada in Gemini.
- Saturn in Retrograde Motion, moves in Poorvashadha 4th Pada in Sagittarius in Scorpio Navamsa.
- Jupiter, in Retrograde Motion, moves in Jyeshta 3rd to 4th Pada in Scorpio and transits in Aquarius Navamsa.
- Rahu transits in Punarvasu 2nd Pada in Gemini and Ketu transits in Poorvashadha 4th Pada in Sagittarius
------------------------------
Second Half Better (for Monday)
Tithi : Vaisakha Bahula Navami
Nakshatra : Satabhisham
Persons born in
Aslesha , Jyeshta, Revati and in Pisces, Cancer
are advised to be alert in their dealings.
Sensitive/Trend change Timings : 9.27
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open
Subdued and remain So thereafter till about 12.40AM and remain Better
till about 2.45 PM and could remain Steady thereafter
till about end of the day.
Astro Technical Trading Strategy for the day...
If Nifty fut trades trades
below ATP by
about 9.30 AM Short Positions can be
taken with suitable SL and Such positions can be closed by about 12.30
PM. If Nifty Fut. Trades above ATP by about 12.45 PM Long Positions can
be taken with Suitable SL and
can be closed by about 2.45 PM.
Resistance : 11885,11925 Supports : 11805,11765
------------------------------
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..
- Bhuvanagiri Amarnadh Sastry, Astro Technical Analyst
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