Caution
at Higher Levels
Nifty
likely to close negative for the Week
Outlook
for theWeek 08.01.2018 to 12.01.2018
NIFTY
:: 10559 (+28)
Nifty
traded in a narrow range of 10405 to
10566 during last week and closed nearer to the
High of
the range for the week at 10559 with a Gain of 28 Points. Market made
a new 52 week high and made a positive weekly close. As the market
had gone up 5 th week time in a row and this week it is likely to
have a correction.
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 10400.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10424, 10348,
10168 and 9853 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.
Nifty continues to trade above all the moving averages and hence can
be considered as Bullish.
Technical
Levels...
Breakout
level :10600 Breakdown level : 10400.
Bullish
above 10625 with Resistance at 10700, 10775
Bearish
below 10475 with Supports at 10400, 10325.
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 Hastha 2 nd Pada in Virgo to Anuradha 2 nd
Pada in Scorpio.
Sun
transits from Purvashadha 4 th in to Uttarashadha 1 st Pada in
Sagittarius.
Mercury
transits from Moola 1st Pada in Sagittarius to Moola 3 rd
Pada in Sagittarius.
Venus
transits from Purvashadha 4 th Pada in to U Shadha 1 st Pada in
Sagittarius.
Mars
transits in Visakha 2 nd Pada to Visakha 3 rd Pada in Libra.
Saturn
transits in Moola 3 rd Pada in Sagittarius and moves in Gemini
Navamsa.
Jupiter
transits in Visakha 2 nd Pada in Libra and moves in Taurus 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 during last week. During the current week,
Nifty had broken both on upper and Lower side and finally closed at
the upper end for the week.But it had gone up only by about 14
points. If it goes up again next week and closes in the positive,
then it could be Bullish.
------------------------------------------
Mid
Session Better (for Monday)
Tithi
:: Pushya Bahula Sapthami
Nakshatra
:: Hastha
Persons
born in Punarvasu, Visakha and Poorvabhadra and those born in Libra
and Aquarius are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 1.20 PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Subdued and remain So till about 10.50 AM and
could remain Better thereafter till about 2.10 PM and to remain
Subdued/Steady thereafter till about close of the day.
Astro
Technical Trading Strategy...
If
Nifty fut trades below ATP by about 9.30 AM Short Positions can be
taken with suitable SL and such positions can be closed by about
10.45 AM. IF Nifty fut trades above ATP by about11.00AM. Long
Positions can be considered with suitable Stop Loss and such
positions can be closed by about 2.00 PM.
Technical
Levels...
Resistance
: 10705,10740 Support : 10520,10485
------------------------------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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