Scripwise
Movements with a bit Bearish Bias
Outlook
for the Week 26.12.2017 to 29.12.2017
Nifty traded in a range
of 10075 to 10501 during last week and closed nearer to the High of
the range for the week at 10493 with a Gain of 160 Points, a Gain of
about 1.55%. Market had closed with a Positive outlookOn Monday
morning, market lost heavily when Gujarat Election results were a bit
negative.
During
the Next Week, Moon would be transiting from
Uttarabhadra to Revathi constellation during Tuesday to Wednesday and
would form a range, which if it breaks on the Upper Side
it would become Bullish and if it Breaches on the Downside, it would
become Bearish.
- The
short term trend is quite Bulliish. It is Bullish for Both Medium
Term and Long term. However, Short term would become Bearish if Nifty
comes Down and closes below 10300.
- 20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10302, 10292,
10177 and 9779 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 Ten
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 : 10575 Breakdown level :10350
Bullish
above 10570 with Resistance at 10640, 10700
Bearish
below 10425 with Supports at 10355, 10280
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.
-------------------------------------
- Moon
would be transiting from Uttarabhadra 2 nd Pada in Pisces to Bharani
4 th Pada in Aries.
- Sun
transits from Moola 4 th Pada in to Poorvashadha 1 st Pada in
Sagittarius.
- Mercury
gets into Direct motion and moves from Jyeshta 1 st Pada in Scorpio
to Jyeshta 2 nd Pada in Scorpio.
- Venus
transits from Moola 3 rd Pada in to Moola 4 th Pada in Sagittarius.
- Mars
transits in Visakha 1 st Pada in Libra .
- Saturn
transits in Moola 2 nd Pada to Moola 3 rd Pada in Sagittarius and
moves in Taurus and Gemini Navamsas.
- Jupiter
transits in Visakha 1 st Pada in Libra and moves in Aries Navamsa.
- Rahu
and Ketu move to Capricorn and Cancer and in Cancer and Capricorn
Navamsas.
-------------------------------------
Closing
Subdued (for Tuesday)
Tithi
:: Pushya Sukla Ashtami
Nakshatra
:: Uttarabhadra
Persons
born inBharani, Pubba and Poorvashadha and those born in Aries
and Leo are advised to be alert in their dealings.
Sensitive / Trend change Timings : 1.32PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Subdued and remain So till about 10.00AM and
remain Better thereafter till about 11.30 AM and Steady / Subdued
till about 2.50 PM and could remain Subdued thereafter till close of
the day.
Astro
Technical Trading Strategy...
If
Nifty fut trades above ATP by about 10.00 AM Long Positions can be
taken with suitable SL and can be closed by about 11.30 am. If Nifty
Fut trades below ATP by about 2.50 PM,Short Positions can be taken
with suitable SL and such positions can be closed by about end of the
day.
Technical
Levels...
Resistance
: 10480,10515 Support : 10400,10365
--------------------------------------
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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