Last
Two Days of the Week is Crucial
Outlook
for the Week 12.03.2018 to16.03.2018
NIFTY
:: 10227 (-231)
Nifty
traded in a range of 10429 to 10142 during last week and closed
nearer to the Lower of the range for the week at 10227 with a Loss of
231 Points (about 2.21%). On all the other 4 days, market lost by
about 320 points and made a Negative weekly close for the Second
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 10450.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10420, 10606,
10468 and 10139 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...
Bullish
above 10300 with Resistance at 10375, 10450
Bearish
below 10150 with Supports at 10075, 10000, 9925
Breakout
level : 10450 Breakdown level : 10050
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...
- During
the current week Moon would be transiting from Poorvashadha 4 th Pada
in Sagittarius to Sathabhisham 3 rd Pada in Aquarius.
- Sun
transits from Poorvabhadra 3 rd Pada in Aquarius to Poorvabhadra 4 th
Pada in Pisces.
- Mercury
transits from Uttarabhadra 4 th Pada Pisces to Uttarabhadra 3 rd Pada
in Pisces.
- Venus
transits from Uttarabhadra 1 st Pada in Pisces to Revathi 1 st Pada
in Pisces.
- Mars
transits in Moola 1 st Pada in Sagittarius to Moola 2 nd 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 completed its trading journey between Aquarius and Pisces on
16.2.18 to 20.2.18 and made a range of 303 points i.e., between 10613
and 10303, During the last week , it traded in the range of 10632 and
10447. Thus, trading in between the range. Hence, it has slightly
crossed the High of the range but could not close above the range.
During the current week , it came down below the range and it came
down upto 10142 on Wednesday thus completing only half the journey
and it has to be seen whether it will complete the journey on the
downside till about 10000. During the current week , Moon would be
transiting in Aquarius on Thursday and Friday. Hence, current week is
also crucial.
------------------------------------------------
Forenoon
Session Better (for Monday)
Tithi
:: Phalguna Krishna Ekadasi
Nakshatra:Uttarashadha
Persons
born in Aardra, Swathi and Sathabhisham and those born in
Capricorn and Taurus are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 9.33 AM; 11.14AM; 2.30PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Better and remain So till about 1.10 PM and could
remain Subdued thereafter till about Close 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 1.00PM. If Nifty Fut trades
below ATP BY about 1.30 PM, Short Positions can be taken with
suitable SL and Such Positions can be closed by about end of the day.
Technical
Levels...
Resistance : 10265,10300 Support
: 10185,10150
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