Caution
at Higher Levels
Nifty
Outlook for the Week 01.01.2018 to 05.01.2018
NIFTY
:: 10531 (+38)
Nifty
traded in a narrow range of 10460 to 10552 during last week and
closed nearer to the High of the range or the week at 10531 with a
Gain of 38 Points (about 0.36%), with a Positive outlook.
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 10350.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10328, 10318,
10135 and 9810 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...
Bullish
above 10600 with Resistance at 10675, 10750
Bearish
below 10450 with Supports at 10375, 10300
Breakout
level :10575 Breakdown level :10350
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 Aardra 1 st Pada in Gemini to Magha 3 rd
Pada in Leo.
Sun
transits from Purvashadha 2 nd Pada to Poorvashadha 3 rd Pada in
Sagittarius.
Mercury
transits from Jyeshta 3rd Pada in Scorpio to Jyeshta 4 th
Pada in Scorpio.
Venus
transits from Purvashadha 1
st Pada in to P Shadha 2 nd Pada in Sagittarius.
Mars
transits in Visakha 1 st Pada in Libra .
Saturn
transits in Moola 3 rd Pada in Sagittarius and moves in Gemini
Navamsa.
Jupiter
transits in Visakha 1 st Pada in Libra and moves in Aries Navamsa.
Rahu
and Ketu move to Cancer and Capricorn Rasis and in Capricorn and
Cancer Navamsas,
During
the Last Week, Moon had transited from Uttarabhadra to Revathi
constellation during Tuesday to Wednesday and had formed a range of
10478 to 10552 which has not broken on the Upper Side and it Breached
on the Downside to 10460.
---------------------------------------
Second
Half Weak (for Monday)
Tithi
:: Pushya Sukla Chaturdasi
Nakshatra
:: Mrigasira
Persons
born in Pushyami, Anuradha and Uttarabhadra and those born in Cancer
and Scorpio are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 9.37AM; 2.51PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Steady and remain Steady / Better from 10.20AM
till about 11.50 AM and could remain Subdued thereafter from 12.00 PM
till 2.50 PM and could remain Better in the last 15 minutes of the
day.
Astro
Technical Trading Strategy...
If
Nifty fut trades below ATP by about 12.00 PM Short Positions can be
taken with suitable SL and can be closed by about 2.45 PM.
Technical
Levels...
Resistance
: 10570,10605 Support : 10490,10455
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