Bearish Below 11650 by weekend
for the week between 10-14 June, 2019
NIFTY : 11,870 (-52)
Nifty traded
in a range of 12103 to 11770 during last
week and
closed nearer to the Low of the week's range at 11870 with a loss of 52 Points and made a Nagitive weekly close for the 1st week after 3 Consecutive Weeks of profit.
- During
the week, Nifty trasited between Aquarius and Pisces sign between
Satabhisham to Revati and formed a rangeof 11960 and 11812 and in last
day it has crossed 12039. Last week it has crossed 12103 after it again
came down to 11770.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about
11683, 11640, 11080, 11293 respectively and they would act as Supports and Resistances.
- Nifty is 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 below 11650 by the Weekend.
Technical Levesl...
Breakout level : 12105 Breakdown level : 11650
Bullish above 11950 with Resistance at 12025, 12100
Bearish below 11800 with Supports at 11725, 11650, 11575
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 Pubba 4th Pada in Leo to Visakha 2nd Pada in Libra.
- Sun transits from Mrigasira 1st to 2nd Pada in Taurus.
- Mercury transits in Mrigasira 3rd to Aardra 2nd Pada in Gemini.
- Venus transits in Krittika 4th Pada to Rohini 3rd Pada in Taurus.
- Mars transits in Punarvasu 1st to 2nd 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 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
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Better upto Mid Session (for Monday)
Tithi : Jyestha Sukla Ashtami
Nakshatra : Pubba
Persons born in
Mrigasira, Chitta, Dhanishta and in Virgo, Capricorn are advised to be alert in their dealings.
NIFTY : 11843.75 (-177.90)
Sensitive/Trend change Timings : 2.19
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain So thereafter till about 10.15 PM
and remain Steady thereafter till about 12.25 PM and remain Better till about
2.30 Pm and could remain Weak towards 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
2.20 PM.If Nifty Fut trades Subdued 2.40 PM Short Positions can be
taken with Suitable SL and
such positions can be to be closed
by end of the day.
Resistance : 11910,11950 Supports : 11830,11790
------------------------------
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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