Market
Could Fall for One more Week
Outlook
for the Week 12.02.2018 to 16.02.2018
NIFTY
:: 10555 (-306)
Nifty
traded in a range of 10703 to 10276 during
last week and closed nearer to the Low of
the range for the week at 10455 with a Loss of 306 Points (about
2.84%). During the week, Market lost heavily due to Fall in US
Markets. Market having fallen for two weeks after 8 weeks of rise, it
could fall for One week more too. As Tuesday is Holiday on account of
Sivaratri, trading will be truncated this week.
Moon
had completed the range between Aquarius and Pisces and made a range
of 263 points i.e., between 10830 and 11093. It went above the High
and also it came below the Low too. Downside targets are 10590 and
10330. Market had hit the Second target too this week.
- 20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10824, 10567,
10372 and 10043 respectively and would act as Supports and
Resistances.
- The
short term trend is quite Bearish. It is rather Bullish for Medium
Term and quite Bullish for Long term . However, Short term would
become Bullish if Nifty goes UP and closes above 10700.
- Nifty
continues to trade above the 200 DMA but below the 50 DMA and 50 DMA
has come above 200 DMA (Golden Cross has come more than about a Year
ago) besides continues to trade above Two Long Term moving averages,
can be considered as Bullish.
Technical
Levels...
Breakout
level : 10700 Breakdown level : 10200.
Bullish
above 10525 with Resistance at 10600, 10675,10750
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 Poorvashadha 2 nd Pada in Sagittarius to
Sathabhisham 1 st Pada in Aquarius .
- Sun
transits from Dhanishta 2 nd Pada in Capricorn to Dhanishta 4 th Pada
in Aquarius.
- Mercury
transits from Dhanishta 1 st Pada Capricorn to Dhanishta 3 rd Pada in
Aquarius.
- Venus
transits from Satabhisham 1 st Pada in Aquarius to Satabhisham 2 nd
Pada in Aquarius.
- Mars
transits in Anuradha 4 th Pada in Scorpio to Jyeshta 1 st Pada in
Scopio .
- Saturn
transits in Moola 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.
-------------------------------------
Generally
Better (for Monday)
Tithi
:: Magha Bahula Dwadasi
Nakshatra
:: Poorvashadha
Persons
born in Mrigasira, Chitta and Dhanishta and those born in Capricorn
and Taurus are advised to be alert in their dealings.
Sensitive / Trend change Timings : 12.30PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Better and remain So till about 11.40AM and to
remain Subdued thereafter till about 1.30PM and remain Generally
Better till about end of the day.
Astro Technical Trading
Strategy...
If Nifty fut trades above
ATP by about 9.30 AM, Long Positions can be taken with suitable SL
and such positions can be closed by about 11.30AM. If after 11.45AM.
Nifty trades below ATP Short Positions can be taken with suitable SL
and such positions can be closed by about 1.15PM. If by about 1.45pm
Nifty trades above ATP, Long Positions can be taken with suitable SL
and Such positions can be closed by about end of the day.
Technical Levels...
Resistance : 10500,10535
Support :10415,10380
No comments:
Post a Comment