Next
week also Nifty could go Down
NIFTY
:: 9998 (-197)
Nifty
traded in a range of 10227 to 9952 during last week and closed nearer
to the Lower end
of
the range for the week at 9998 with a Loss of 197 Points (a Loss of
about 1.93%). It has made a Negative weekly close for the Fourth
week. Since it has completed Four weeks of negative Close, it could
go down for One more week, that too being a truncated week with only
3 days.
Moon
had 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 Last week , it completed the range with its
range on Monday. Making a total range of 10420 and 10075 (range of
345 points), After ascertaining the range, during the rest of the
week, it has come below the range upto 9952 (it has partially
completed the range of about 123 points and yet to complete about 222
points)
- The
short term trend is quite Bearish. It is rather Neutral for Medium
Term and Bullish. However, Short term would become Bullish if Nifty
goes UP and closes above10300.
- 20
DMA, 50 DMA, 100DMA and 200 DMA are placed at about 10315, 10554,
10465 and 10172 respectively and would act as Supports and
Resistances.
Technical
Levels...
Breakout
level :10300 Breakdown level : 9850
Bullish
above 10075 with Resistance at 10150, 10225,10300
Bearish
below 9925 with Supports at 9850, 9775,9700
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 Punarvasu 4 th Pada in Cancer to Makha 1 st
Pada in Leo
- Sun
transits from Uttarabhadra 3 rd Pada in Pisces to Uttarabhadra 4 th
Pada in Pisces.
- Mercury,
in Retrograde motion, transits from Revathi 2 nd Pada Pisces to
Revathi 2 nd Pada in Pisces.
- Venus
transits from Revathi 4 th Pada in Pisces to Makha 1 st Pada in
Aries.
- Mars
transits in Moola 4 th Pada in Sagittarius to Moola 4 th 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.
--------------------------------------
Closing
Session Better (for Monday)
Nakshatra:Punarvasu
/ Pushyami
Persons
born in Aswini, Makha and Moola and those born in Leo and
Sagittarius are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 12.54 PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Better and remain Subdued from about 10.20 AM
till about 12.30 PM and could remain Better from 1.30 PM till about
Close of the day.
Astro
Technical Trading Strategy...
If
Nifty fut trades below ATP by about 10.30 AM, Short Positions can be
taken with suitable SL and such positions can be closed by about
12.30PM. If Nifty fut trades above ATP by about 1.30 PM Long
Positions can be taken with suitable SL and such positions can
be closed by about Close of the day.
Technical
Levels...
Resistance
:
10040,10075 Support :
9960,9925
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