Further
Trend would be Up above 10350
Outlook
for the Week 20.11.2017 to 24.11.2017
NIFTY
:: 10284 (-38)
Nifty
traded in a range of 10094 to 10344 during last week and closed
nearer to the High of the range for the week at 10284 with a Loss of
38 Points (a Loss of about 0.37%). Market had closed with a Negative
outlook
The
short term trend too is rather Bullish. It is Bullish both for Medium
and Long term, However, Short term would become Bearish if Nifty
comes and closes below 10100
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10300, 10120, 9979
and 9581 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 most of the moving
averages and hence can be considered as Bullish.
Technical
Levels...
Bullish
above 10365 with Resistance at 10440, 10510
Bearish
below 10210 with Supports at 10135, 10060.
Breakout
level : 10365 Breakdown level : 10150
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 Aslesha 2 nd Pada in Scorpio to Sravanam 1
st Pada in Capricorn .
Sun
transits from Anuradha 1 st Pada in Scorpio to Anuradha 2 nd Pada in
Scorpio .
Mercury
transits in Jyeshta 3 rd Pada in Scorpio to Moola 1 st Pada in
Sagittarius.
Venus
transits from Visakha 1 st Pada in Libra to Visakha 3 rd Pada in
Libra.
Mars
transits from Chitta 1 st Pada in Virgo
Saturn
transits in Moola 1 st Pada in Sagittarius and also moves in Aries
Navamsa.
Jupiter
transits in Swathi 3 rd Pada in Libra and moves in Aquarius Navamsa.
Rahu
and Ketu move to Capricorn and Cancer and in Leo and Aquarius
Navamsas,
During
the Last week of October, Moon had transitted from Sathabhisham to
Revathi Constellations between Aquarius and Pisces Raasis and formed
a Range of 10324 and 10453. Last week a Low of 10094 was established
on Wednesday and a High of 10344 was established on Friday. If it
crosses 10344 again, it would progress well to cross the High once
again.
----------------------------------------------
Mid
Session Better (for Monday)
Tithi
:: Maargasira Sukla Vidiya
Nakshatra
: Jyeshta
Persons
born in Krittika, Uttara and Uttaraashadha and those born in
Sagittarius and Aries are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 11.18AM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to open Subdued and remain So till about 11.45AM and
remain Better thereafter till about3.00PM, and remain steady
thereafter till about close of the day.
Astro
Technical Trading Strategy...
If
Nifty fut trades Subdued below ATP by about 9.45 AM, Short Positions
can be taken with suitable SL and such positions can be closed by
about 11.35 AM. If Nifty fut trades above ATP by about 12.00PM, Long
positions can be taken with suitable SL and such positions can be
closed by 3.00 PM.
Technical
Levels...
Resistance
: 10320,10255 Support : 10220,10185
----------------------------------------------
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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