Outlook
for the Week 17.07.2017 to21.07.2017
Resistance
at Psychological Level of 10,000
NIFTY
:: 9886 (+220)
Nifty
traded in a wide range of 9646 to 9913
during last week and closed nearer to the
Higher end of the range for the week at
9886 with a Gain of 220 Points, a gain
of about 2.23%. Market gained 220 points
throughout the week losing only about 5 points on Fri day.
Next major Resistance is only Pychological leve of 10000.
- The short term trend is Bullish and It is Bullish
both for Medium and Long term, Short term could become Bearish if
Nifty comes and closes below 9750.
-
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9656, 9575,
9335 and 8873 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 suggesting that the Long term outlook
has become Bullish and Nifty continues to trade above all the moving
Averages and hence can be considered Bullish for Long term too.
Technical
Levels...
Breakout
level : 10000 Breakdown level : 9750
Bullish
above 9950 with Resistance at 10025, 10100
Bearish
below 9800 with Supports at 9725, 9650.
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.
--------------------------------------------
Planetary
Position...
Moon
would be transiting from Aswini 2 nd Pada in Aries to Aardra 1 st
Pada in Gemini.
Sun
transits from Punarvasu 4 th Pada in Cancer to Pushyami 1 st Pada in
Cancer .
Mercury
transits from Aslesha 3 rd Pada to Makha 1 st Pada in Leo.
Venus
transits from Rohini 3 rd Pada in Taurus to Mrigasira 1 st Pada in
Taurus.
Mars
transits in Pushyami 1 st Pada in Cancer .
Saturn
moves in Retro motion in Jyeshta 4 th Pada in Scorpio and also moves
in Pisces Navamsa.
Jupiter
transits in Hastha 4 th Pada in Virgo and in Cancer Navamsa.
Rahu
and Ketu transit in Leo and Aquarius and in Aries and Libra Navamsas,
Moon
transited between Dhanishta and Poorvabhaadra in Aquarius between 12
th July to 14 th July and made a range of 9788 and 9913 (125 points )
and if the High is crossed it would go up above up till about 10,040
and if the Low is breached it would go Down.
---------------------------------------
Forenoon
Session Bullish (for Monday)
Aashadha
Bahula Ashtami
Nakshatra:
Aswini
Persons
born in Rohini, Hastha and Sravanam and those born in Taurus and
Virgo are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 11.50 AM;
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to open Steady and remain Better from 9.45 AM and
remain better till about 11.50AM and remain steady till about 2 PM
and remain subdued thereafter till close of the day.
Astro
Technical Trading Strategy...
If
Nifty Fut. Trades above the Open / ATP level by about 9.45AM , Long
Positions can be taken with suitable SL, and such positions can be
closed by about 11.45AM. If Nifty fut trades below the ATP by about
2.00PM, Short positions can be taken with suitable SL and to be
closed by about end of the day.
Technical
Levels...
Resistance
: 9930, 9965 Support : 9850, 9815
-----------------------------------------------
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 onIndividual
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..