Volatile
Movements with Bearish Bias
Outlook
for the Week 04.12.2017 to 08.12.2017
NIFTY
:: 10122 (- 268)
Nifty
traded in a range of 10109 to 10410 during last week and closed
nearer to the Low of the range for the week at 10122 with a Loss of
268 Points (a Loss of about 2.58%). Market lost with a Negative
outlook and heavily lost by more than 100 points on Thursday and
Friday.
It
is Neutral for both Medium and Long term, However, Short term would
become Bullish if Nifty comes UP and closes above 10400.
20 DMA, 50DMA, 100DMA and
200 DMA are placed at about 10297, 10183, 10064 and 9678 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
Nine months ago) suggesting that the Long term outlook has become
Bullish and Nifty continues to trade above long term moving averages
and hence can be considered as Bullish for Long term only and Bearish
for Short term.
Technical
Levels...
Breakout
level : 10400 Breakdown level : 10200
Bullish
above 10190 with Resistance at 10260, 10330
Bearish
below 10050 with Supports at 10075, 10000
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 Mrigasira 1 st Pada in Taurus to Aslesha 4
th Pada in Cancer.
Sun
transits from Jyeshta 1 st Pada in Scorpio to Jyeshta 2 nd Pada in
Scorpio .
Mercury
transits in Retrograde motion in Moola 2nd Pada in
Sagittarius to Moola 1 st Pada in Sagittarius.
Venus
transits from Anuradha 2 nd Pada in Scorpio to Anuradha 4 th Pada in
Scorpio.
Mars
transits from Chitta 3 rd Pada in Libra to Chitta 4 th Pada in Libra.
Saturn
transits in Moola 2 nd Pada in Sagittarius and moves in Taurus
Navamsa.
Jupiter
transits in Swathi 4 th Pada in Libra and moves in Pisces Navamsa.
Rahu
and Ketu move to Capricorn and Cancer and in Leo and Aquarius
Navamsas.
During
the Last Week during Monday to Thursday, Moon had transited from
Sathabhisham to Revathi constellation and had formed a range of 10410
on Tuesday to 10211 on Thursday. It breached the said range on the
down side by about 100 points and it touched a Low of 10109 and is
likely to touch a target of 10010 (1 st Target) and it could move
down to 9810 too in case if the down side is too much.
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Second
Half Subdued
(for Monday)
Tithi
:: Maargasira Krishna Padyami
Nakshatra
::Mrigasira
Persons
born in Aslesha, Jyeshta and Revathi and those born in Gemini and
Libra are advised to be alert in their dealings.
Sensitive / Trend change Timings : 11.33 AM ;
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Steady and remain So till about 12.50PM and
remain Subdued thereafter till about 2.30 PM and remain Steady
thereafter till about end of the day.
Astro
Technical Trading Strategy...
If
Nifty fut trades below ATP by about 1.00 PM, Short Positions can be
taken with suitable SL and such positions can be closed by about 2.30
PM/ till about end of the day.
Technical
Levels...
Resistance
: 10160,10195 Support : 10080,10045
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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.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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