Cautious at Higher Levels
NIFTY ::
9285 (- 19)
Nifty traded in a narrow
range of 9270 to 9377 during last week and closed
at the Lower end of the range for
the week at 9285 with a Loss
of 19 Points (about 0.2%).
Market had closed with a
slight negative outlook . The short term trend is also UP . It is Bullish
both for Medium and Long term, Short term could become Bearish
if Nifty comes and closes below 9200.
-
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9232, 9105, 8744
and 8648 respectively and would act as Supports and
Resistances as Nifty is trading above all the Moving averages.
- Nifty continues to trade above
the 200 DMA and also the 50 DMA and
50 DMA too has come above 200 DMA (Golden
Cross has come more than Two months ago) suggesting that the
Long term outlook has become Bullish and Nifty continues to trade above
both the Averages and hence can be considered Bullish for Long term too.
Technical
Levels…
Breakout
level : 9400 Breakdown level : 9175
Bullish
above 9355 with Resistance at 9425, 9500
Bearish
below 9210 with Supports at 9140, 9065
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 Hastha 4 th Pada in Virgo to Anuradha 4 th Pada in Scorpio.
- Sun transits from Bharani 4
th Pada in Aries to Krittika 1 st Pada in Aries.
- Mercury, in Direct mode,
transits from Aswini 1 st Pada to Aswini 1 st
Pada in Aries.
- Venus transits from
Uttarabhadra 3 rd Pada in Pisces to Uttarabhadra 4 th
Pada in Pisces.
- Mars transits in Rohini 3
rd Pada in Taurus to Rohini 4 th Pada in Taurus.
- Saturn, in Sagittarius,
moves in Retro motion. transits in Moola 1 st Pada
to Moola 1 st Pada in Aries Navamsa
- Jupiter, in Retro motion,
transits in Hastha 4 th Pada in Virgo and in Cancer
Navamsa.
- Rahu and Ketu transit in Leo and
Aquarius and in Taurus and Scorpio Navamsas,
Moon transited between Aquarius
and Pisces from 21 st to 25 th April between
9025 and 9309. Since the High of this range is crossed on 26 th, it had
become Bullish and went upto 9367 and the target for this month is nearly 9593.
During the current week, it had just recorded 9377 on Friday and also came down
to 9272 and closed at the lowest level at 9285.
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Generally Steady / Subdued (for Monday)
Vaisakha Sukla Trayodasi
Nakshatra::Chitta
Persons born in Pushyami,
Anuradha and Uttarabhadra constellations and those born in Libra and
Aquarius are advised to be alert in their dealings.
Sensitive / Trend change Timings : 9.40 AM; 10.27 AM;
Likely Intraday Trend…
On the basis of planetary position and aspects
amongst planets, Market is expected to open
Better and remain generally Subdued till about 10.50 AM and remain Better thereafter
upto 1.00 PM and remain subdued thereafter.
Astro
Technical Trading Strategy…
If Nifty Fut. Trades below
ATP/ Open level by about 9.30 AM , Short Positions can be taken with
suitable SL, and such positions can be closed by about 10.45 AM. If
Nifty Fut trades above ATP by about 11 AM, Long
Positions can be taken with suitable SL,and such positions can be closed by
about 1 PM. IF Nifty Fut trades below ATP byabout 1.30PM, Short Positions can
be taken with suitable SL, and such positions can be closed by end of the day.
Technical Levels…
Resistance : 9325, 9360 Support : 9245,
9210
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