One
more week Fall
Outlook
for the Week 05.02.2018 to 09.02.2018
NIFTY
: 10761 (-309)
Nifty
traded in a wide range of 10740 to 11172 during last week and closed
nearer to the Low of the range for the week at 10761 with a Loss of
310 Points, (about 2.79%). On Tuesday and Friday market lost by about
337 points afetr reaching a new 52 week high on Monday. Market closed
negative after 8 weeks of positive Close in a row. Market having
fallen after 8 weeks of rise, it could fall for One /Two weeks more
too.
-
When Moon had transited between Aquarius and Pisces Nifty completed
the range 10830 and 11093. During the week, it went above the High
and also it came below the Low too. If the fall continues, the First
target is 10590 and 10330.
-
The short term trend is quite Bearish. It is quite Bullish for Both
Medium Term anLong term too. However, Short term would become Bullish
if Nifty goes UP and closes above 11000.
-
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10846, 10550,
10349 and 10008 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 a Year 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 :11000 Breakdown level :10500.
Bullish
above 10835 with Resistance at 10910, 10985,11160
Bearish
below 10685 with Supports at 10610, 10535,10460.
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 Hastha 4 th Pada in Virgo to Anuradha 4 th
Pada in Scorpio.
Sun
transits from Sravana 4th Pada to Dhanishta 1st Pada in Capricorn.
Mercury
transits from Sravana 2nd Pada Capricorn to Sravana 4th Pada in
Capricorn.
Venus
transits from Dhanishta 2nd Pada in Capricorn to Dhanishta 4th Pada
in Aquarius.
Mars
transits in Anuradha 3rd Pada in Scorpio to Anuradha 4th Pada in
Scopio .
Saturn
transits in Moola 4 th to 4 th Pada in Sagittarius and moves in
Cancer Navamsa.
Jupiter
transits in Visakha 3 rd Pada in Libra and moves in Gemini Navamsa.
Rahu
and Ketu move to Cancer and Capricorn Rasis and in Capricorn and
Cancer Navamsas.
---------------------------------
Mid
Session Subdued (for Monday)
Tithi
:: Magha Bahula Shashti
Nakshatra
::Hastha & Chitta
Persons
born in Punarvasu, Visakha and Poorvabhadra & Pushyami, Anuradha
and Uttarabhadra and those born in Libra and Aquarius are advised to
be alert in their dealings.
Sensitive
/ Trend change Timings : 10.15AM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Subdued and to remain So till about 9.45 AM and
to remain Subdued again from 10.45 AM till about 2.30 PM and to
remain Better from 2.30 PM till about close of the day.
Astro Technical Trading
Strategy...
If Nifty fut trades below
ATP by about 10.45 AM, Short Positions can be taken with suitable SL
and such positions can be closed by about 2.15 PM. If Nifty fut
trades above ATP by about 2.45 PM, Long Positions can be taken with
Suitable SL and Such Positins can be Closed by about Close of the
day.
Technical
Levels...
Resistance
: 10800,10835 Support : 10720,10685
------------------------------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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