Bearish if close below 11700
for the week between November 25-29, 2019
NIFTY : 11914 (+19)
Nifty traded in a Narrow Range of 12039 to 11868 points during last
week and
closed nearer to the Middle of the range at 11914 with a gain of 19 Points. It made a Positive close.
- From Nov 6 to 8, Nifty transited between Aquarius-Pisces and it formed a range of 11850-12034. This would be the base for the 3 Weeks. if it close above top it would be Bullish and below the low it would be Bearish.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11879, 11532, 11401,11404 respectivel
- Nifty is presently above all the DMA's. 50 DMA is above 200 DMA (Golden Cross) suggesting that the Long term outlook has been Bullish. Short Term would be Bearish if it closes below 11700.
Technical Levesl...
Breakout level : 12100 Breakdown level : 11700
Bullish above 12000 with Resistance at 12075, 12150
Bearish below 11850 with Supports at 11775, 11700
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 Swathi Pada 4 in Libra to Poorvashadha Pada 3 in
Sagittarius.
- Sun transits from Anuradha Pada 2 to 3 in Scorpio.
- Mercury transits in Swathi Pada 4 in Libra to Punarvasu Pada 1 in Libra.
- Venus transits in Moola Pada 2 to 4 in Sagittarius.
- Mars transits in Swathi Pada 1 to Pada 2 in Libra.
- Saturn transits in Poorvashadha Pada 3 in Sagittarius in Libra Navamsa.
- Jupiter moves in Moola Pada 2 in Sagittarius and moves in Taurus Navamsa.
- Rahu transits in Aardra Pada 3 in Gemini and Ketu transits in Poorvashadha Pada 1 in Sagittarius.
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Mid Session Better (for Monday)
Tithi : Kartika Bahula Chaturdasi
Nakshatra : Swathi&Visakha
Aslesha, Jyeshta, Revati/Ashwini, Makha, Moola and in Scorpio, Pisces are advised to be alert in their dealings.
NIFTY : 11999.10 (+59.00)
Sensitive/Trend change Timings : 10.55
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Subdued and ramain so upto 11.50 AM. Later it may remain Better upto 1.30 PM and remain Subdued till 3.05 PM and later it may again be Better till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty futures trades trades above ATP by 12 Noon Long Positions can be taken with suitable stoploss and they can be closed by 1.30 PM.
Technical Levels for the Day...
Resistance : 11955, 11990 Supports : 11875, 11840
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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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