If the High of Last week is crossed,
It would become Further Bullish
It would become Further Bullish
Outlook for the Week 06.11.2017
to 10.11.2017
NIFTY :: 10453 (+130)
During Last week, Moon had
transitted from Sathabhisham to Revathi Constellations between Aquarius and
Pisces Raasis between Monday and Thursday. It formed a Range of 10324 and 10462 and
closed nearer to the high with a gain of about 130 points. This range is
crossed on Friday by only 10 points and it would be Bullish if this range
is crossed decisively and it could reach a target of about 10600. Market had
closed with a Positive outlook.
-The short term trend too is
Bullish. It is Bullish both for Medium and Long term, However, Short term would
become Bearish, if Nifty comes and closes below 10250.
- 20 DMA, 50DMA, 100DMA and 200 DMA
are placed at about 10221, 10057, 9926 and 9525 respectively and would act
as Supports and Resistances.
- Nifty continues to trade
above the 200 DMA and also above the 50 DMA and 50
DMA has come above 200 DMA (Golden Cross has come more
than about Eight months ago) suggesting that the Long term outlook
has become Bullish and Nifty continues to trade above all the
moving averages and hence can be considered as Bullish .
Technical Levels…
Breakout level : 10550 and the
Breakdown level : 10250
Bullish above 10525 with Resistance
at 10600, 10675
Bearish below 10375 with
Supports at 10300, 10225
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
Rohini 3 rd Pada in Taurus to Aslesha 2nd
Pada in Cancer .
- Sun transits from Swathi
4 th Pada in Libra to Visakha 2 nd Pada in Libra.
- Mercury transits in Anuradha 1 st
Pada in Scorpio to Anuradha 3 rd Pada in Scorpio.
- Venus transits from
Chitta 4 th Pada in Libra to Swathi 2 nd Pada in Libra.
- Mars transits from
Hastha 2 nd Pada in Virgo to Hastha 3 rd Pada in Virgo.
- Saturn transits in
Moola 1 st Pada in Sagittarius and also moves in Aries Navamsa.
- Jupiter transits in Swathi 2
nd Pada in Libra and moves in Capricorn Navamsa.
- Rahu and Ketu move to
Capricorn and Cancer and in Leo and Aquarius
Navamsas.
-----------------------------------------------------
First
Half Better (for Monday)
Tithi ::Karteeka Bahula Thadiya
Nakshatra ::Rohini
Persons born in Punarvasu,
Visakha and Poorvabhadra and those born in Gemini and Libra are advised
to be alert in their dealings.
Sensitive / Trend change Timings : 2.32PM
Likely Intraday Trend…
On the basis of planetary position and aspects amongst planets, Market is expected to open Better and remain Better from
Opening till about 12PM and remain Subdued thereafter till about
Close of the day.
Astro Technical Trading Strategy…
If Nifty Fut. Trades above the Open/ ATP
level by about 9.30 AM , Long Positions can be taken with suitable SL, and such
positions can be closed by about 12 PM.. If Nifty fut trades Subdued
below ATP by about 12.15PM , Short Positions can be
taken with suitable SL and such positions can be closed by about end of the
day.
Technical
Levels…
Resistance :
10490,10525 Support : 10410,10375
------------------------------
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 intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. 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..
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