Current
Week range is Crucial
Nifty
Outlook for the Week 19.02.2018 to 23.02.2018
NIFTY
:: 10452 (-3)
Nifty
traded in a narrow range of 10618 to 10434 during last week and
closed nearer to the Low of the range for the week at 10452 with a
Loss of only 3 Points. Market made a negative weekly close for the 3
rd consecutive week after 8 weeks of positive Close in a row. Having
fallen for three weeks market might go up next Week.
- 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 10650.
- 20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10781, 10591,
10387 and 10067 respectively and would act as Supports and
Resistances.
- 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) suggesting that the Long term outlook has become Bullish and
Nifty continues to trade above Two Long Term moving averages and
hence can be considered as Bullish.
Technical
Levels for the Week...
Breakout
level :10650 Breakdown level : 10200
Bullish
above 10525 with Resistance at 10600, 10675,10750
Bearish
below 10375 with Supports at 10300, 10225,10150
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 Uttarabhadra 4 th Pada in Pisces to Rohini 1
st Pada in Taurus .
- Sun
transits from Dhanishta 4 th Pada in Aquarius to Sathabhisham 2 nd
Pada in Aquarius.
- Mercury
transits from Sathabhosham 1 st Pada Aquarius to Sathabhisham 3 rd
Pada in Aquarius.
- Venus
transits from Satabhisham 3 rd Pada in Aquarius to Poorvabhadra 1 st
Pada in Aquarius.
- Mars
transits in Jyeshta 2 nd Pada in Scorpio to Jyeshta 2 nd 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 from Aslesha 2 nd Pada to Aslesha 1 st Pada Cancer and
Sravana 4 th Pada to Sravana 3 rd Pada in Capricorn Rasis and in
Sagittarius and Gemini Navamsas,
Moon
had commenced trading between Aquarius and Pisces on 16.2.18 and made
a range of 179 points i.e., between 10613 and 10434, During the next
week, it will trade in Pisces upto Tuesday 2.00 PM and once the range
is established. It will have to be observed whether the range will
break above the High or it will come below the range. It will decide
the range for the next Three weeks.
----------------------------------------------------
Generally
Subdued (for Monday)
Tithi
: Phalguna Sukla Chaturdhi
Nakshatra
: Uttarabhadra& Revathi
Persons
born in Bharani, Pubba and Poorvashadha and those born in
Pisces and Cancer are advised to be alert in their dealings.
Sensitive / Trend change Timings : 1.00PM;1.36PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Steady and remain So till about 11.30AM and to
remain Subdued from about 11.45 PM till about Close of the day.
Astro Technical Trading
Strategy...
If Nifty fut trades below
ATP by about 11.45 AM, Short Positions can be taken with suitable SL
and such positions can be closed by about 3.00PM.
Resistance : 10490,10525
Support :10405,10370
No comments:
Post a Comment