Bullish Above 11950
for the week between 24-28 June, 2019
NIFTY : 11,724 (-99)
Nifty traded in a range of 11844 to 11605 during last week and closed nearer to the Low of the week's range at 11724 with a loss of 99 Points and made a Nagitive weekly close for the 3rd week in a row.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11870, 11687, 11388, 11096 respectively and they would act as Supports and Resistances.
- Nifty presently below 20 DMA. As 50 DMA is above 200 DMA (Golden Cross) suggesting that the Long term outlook is Bullish. Short Term would become Bullish if it closes above 11950 by the weekend.
Technical Levesl...
Breakout level : 11950 Breakdown level : 11550
Bullish above 11800 with Resistance at 11875, 11950
Bearish below 11650 with Supports at 11575, 11500
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 Poorvabhadra 2nd Pada in Acquarius to Bharani 1st Pada in Aries.
- Sun transits from Aardra 1st to 2nd Pada in Gemini.
- Mercury transits in Pushyami 1st to 2nd in Gemini.
- Venus transits in Mrigasira 1st Pada to Rohini 4th Pada in Taurus.
- Mars transits in Punarvasu 1st to Pushyami 1st Pada in Cancer.
- Saturn in Retrograde Motion, moves in Poorvashadha 4th Pada in Sagittarius in Scorpio Navamsa.
- Jupiter, in Retrograde Motion, moves in Jyeshta 2nd to 3rd Pada in Scorpio and transits to Capricorn Navamsa.
- Rahu transits in Punarvasu 2nd Pada in Gemini and Ketu transits in Poorvashadha 4th Pada in Sagittarius
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Mid Session Subdued (for Monday)
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.
Tithi : Jyestha Bahula Saptami
Nakshatra : Poorvabhadra
Ashwini, Makha, Moola and in Pisces, Cancer are advised to be alert in their dealings.
NIFTY : 11831.75 (+140.30)
Sensitive/Trend change Timings : 1.34
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Betterfrom 9.30 AM and remain So thereafter till about 10.30 PM and remain Steady thereafter till about 12.35 PM and remain Subdued thereafter till about 2.45 PM and remain Better thereafter till about end of the day .
Astro Technical Trading Strategy for the day...
If Nifty fut trades 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 PM. If NiftyFut trades Below ATP by about 12.45 PM Short Positions can be taken with suitable SL and such Positions can be closed by about 2.30 PM. .
Resistance : 11765,11805 Supports : 11685,11630
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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.
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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