for the week between 23 to 27 SEPTEMBER, 2019
NIFTY : 11274 (+198)
Nifty traded
in a range of 11382 to 10670 during last
week and
closed nearer to the High of the range at 11274 with a gain of 198 Points and made a Positive weekly close. This week has been an exceptional one as FM announced a big bonanza on Friday by cutting Corporate Tax about 5%.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 10946, 11115, 11418,11230 respectivel
- Nifty presently above many DMAs but 50 DMA came below 200 DMA (Death Cross) suggesting that the Long term outlook has been bearish It would become Bearish in short term if it closes belolw 11150 by the weekend.
Technical Levesl...
Breakout level : 11500 Breakdown level : 11150
Bullish above 11350 with Resistance at 11425, 11500
Bearish below 11200 with Supports at 11125, 11150
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 Aardra Pada 4 in Gemini to Pubba Pada 3 in Leo.
- Sun transits from Uttara Padas 3-4 in Virgo.
- Mercury transits in Hasta Pada 3 in Virgo to Chitta Pada 2 in Virgo.
- Venus transits in Hasta Padas 3-4 in Virgo.
- Mars transits in Uttara Padas 1-2 in Leo.
- Saturn in Retrograde Motion, moves in Poorvashadha Pada 2 in Sagittarius in Virgo Navamsa.
- Jupiter moves in Jyeshta Pada 2 in Scorpio and transits to Capricorn Navamsa.
- Rahu transits in Aardra Pada 4 in Gemini and Ketu transits in Poorvashadha Pada 2 in Sagittarius.
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First Half Better (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 : Bhadrapada Bahula Navami
Nakshatra : Aardra, Punarvasu
Persons born in Aslesha, Jyeshta, Revati/Ashiwini, Makha, Moola and in Cancer, Scorpio are advised to be alert in their dealings.
NIFTY : 10704.80 (-135.85)
Sensitive/Trend change Timings : 11.27
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open
Better and remain so upto 11 AM and 11.35 to 1.45 PM and remain Subdued till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty futires trades trades above ATP by 10.45 AM, Long Positions can be taken with suitable SL and can be taken with suitable SL and Such positions can be closed by about 1.45 PM. If Nifty Fut trades Lower than ATP by 2 PM Short Positions can be taken with suitable SL and Such positions can be closed by about end of the day.
Technical Levels for the Day...
Resistance : 11315, 11355 Supports : 11235, 11200
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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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