Caution at Higher Levels
Outlook for the Week 15.01.2018 to 19.01.2018
NIFTY : 10681 (+122)
Nifty traded in a
narrow range of 10589 to 10690 during last week and
closed nearer to the High of the range for the week at 10681 with a Gain of 122 Points (about
1.16%). Market Gained about 122 points through out the week only
by losing 5 points on Wednes day. Market had goneup for 6
weeks in a row and next week again it could go up for One more week.
- Market had closed with
a Positive outlook with a Gain of 1.16% i.e.,116 points
. The short term trend is quite Bulliish. It is quite Bullish
for Both Medium Term and Long term. However, Short
term would become Bearish if Nifty comes Down and closes below
10500.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10527,
10390, 10225 and 9907 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 Eleven
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 : 10750 Breakdown
: 10500
Bullish above 10750 with Resistance
at 10825, 10900
Bearish below 10600 with Supports
at 10525, 10450
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 Moola3 rd Pada in Sagittarius to
Dhanishta 3 rd Pada in Aquarius.
- Sun transits from
U Shadha 2 nd Pada to Uttarashadha 3 rd Pada in
Capricorn.
- Mercury transits
from Moola 4th Pada in Sagittarius to
Poorvashadha 2 nd Pada in Sagittarius.
- Venus transits
from U Shadha 2 nd Pada in to U
Shadha 4th Pada in Capicon.
- Mars transits in
Visakha 3d Pada in Sagittaius to Visakha 4th Pada in
Scopio .
- 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
Weekof December, Moon had transited from Uttarabhadra to
Revathi constellation 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 on upper and finally closed at the upper end
for the week. It had gone up again last week and closed in the
positive, thus it turned out to be Bullish again for the next week too.
---------------------------------------------
SecondHalfSubdued (for
Monday)
Tithi :: Pushya Bahula
Chaturdasi
Nakshatra ::Moola
Persons born in
Rohini, Hastha and Sravana and those born in Capricorn and Taurus are
advised to be alert in their dealings.
Sensitive/Trend change Timings :9.31AM;12.32
Likely Intraday Trend…
On the basis of
planetary position and aspects amongst planets, Market is expected to Open Steady
and remain Subdued from 9.30 AM to11.00AMand
would remain Better from 11.10 AM till 12.40 and Subduedfom12.50PMtillaboutCloseoftheday.
Astro Technical Trading Strategy…
If Nifty fut
trades below ATP by about 9.40 AM Shot Positions can be taken
with suitable SL and such positions can be closed by about 11.00 AM. IF Nifty
fut trades above ATP by about 11.15AM, Long Positions can be
taken,with,suitable,SL by about 11.15 AM with proper SL and such positions can
be closed by about 12.30PM.If,NiftyFut,tades,below,ATP,by,about,1.30PM,Such,positions,can,be,taken,with,suitable,SL,and,such,positions,can,be,Closed,by,end,of,the,day.
Technical Levels…
Resistance : 10720,10755 Support : 10640,10605
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