Next
week could go UP
Outlook
for the Week 19.03.2018 to 23.03.2018
NIFTY
:: 10195 (-32)
Nifty
traded in a range of 10479 to 10180 during last week and closed
nearer to the Lower end of the range for the week at 10195 with a
Loss of only 32 Points. Index made a Negative weekly close for the
Third week, with a Negative outlook. Since it has completed Three
weeks of negative Close, it could go up for the next week.
The
short term trend is quite Bearish. It is rather Neutral for Medium
Term and Bullish for Long term. However, Short term would become
Bullish if Nifty goes UP and closes above 10400.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10386, 10600,
10474 and 10160 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 only 200 DMA and during the week, it
had taken support around 200 DMA.
Technical
Levels ::
Breakout
level : 10400 Breakdown level : 10050
Bullish
above 10270 with Resistance at 10345, 10425,10500
Bearish
below 10125 with Supports at 10050, 9975.
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 Revathi 3 rd Pada in Pisces to Rohini
3 th Pada in Taurus.
Sun
transits from Uttarabhadra 1 st Pada in Pisces to Uttarabhadra 2 nd
Pada in Pisces.
Mercury
transits from Revathi 2 nd Pada Pisces to Revathi 2 nd Pada in
Pisces.
Venus
transits from Revathi 2 nd Pada in Pisces to Revathi 3 rd Pada in
Pisces.
Mars
transits in Moola 3 rd Pada in Sagittarius to Moola 3 rs Pada in
Sagittarius.
Saturn
transits in Poovashadha 1 st Pada in Sagittarius and moves to Leo
Navamsa.
Jupiter,
in Retrograde motion, transits in Visakha 3 rd Pada in Libra and
moves in Gemini Navamsa.
Rahu
and Ketu transit in Aslesha 1 st Pada in Cancer and Sravana 3 rd Pada
in Capricorn Rasis and in Sagittarius and Gemini Navamsas,
Moon
has commenced its trading journey between Aquarius
and Pisces on 15 .3.18 to 19.3.18 and made a range of 240 points
i.e., between 10420 and 10180, During the current week , it will
complete the range with its range on Monday, After ascertaining
the range, during the rest of the week it can be observed whether it
will go up above the range or come down below the range.
-----------------------------------------
Mid
Session Better (for Monday)
Tithi
: Chaitra Sukla Vidiya
Nakshatra:Revath
Persons
born in Krittika, Uttara and Uttarashadha and those born in Aries and
Leo are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 2.10 PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Subdued and remain Better from 10.25 AM till
about 14.40 PM and could remain generally Subdued till about Close of
the day.
Astro Technical Trading
Strategy...
If Nifty fut trades above
ATP by about 10.30 AM, Long Positions can be taken with suitable SL
and such positions can be closed by about 2.40PM. If Nifty Fut trades
below ATP BY about 2.45 PM, Short Positions can be taken with
suitable SL and Such Positions can be closed by about end of the day.
Technical
Levels...
Resistance
: 10235,10270 Support :10155,10120
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