Caution
at Higher Levels
Outlook
for the Week 30.04.2018 to 04.05.2018
NIFTY
: 10692 (+128)
Nifty
traded in a narrow range of 10515 to 10720 during
last week and closed nearer to the Higher end of the range for
the week at 10692 with a Gain of 126 Points
(about 1.19%). It has made a Positive weekly close for the
Fifth week in a row.
The
short term trend is Bullish. It is Bullish
for Medium Term and Bullish for Long term also.
However, Short term would become Bearish if Nifty goes Down
and closes below 10500.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10460, 10375,
10473 and 10264 respectively and would act as Supports and
Resistances.
Nifty
continues to trade above all the Four moving averages and 50 DMA has
come above 200 DMA (Golden Cross has come more than about 15 months
ago) suggesting that the Long term outlook has become Bullish and
Nifty continues to trade above all the moving averages.
Technical
Levels...
Bullish
above 10775 with Resistance at 10850, 10925
Bearish
below 10615 with Supports at 10540, 10465,10390
Breakout
level : 10775 Breakdown level : 10500
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.
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- Moon
would be transiting from Swati 4 th Pada in Libra to Moola 3 rd in
Sagittarius .
- Sun
transits from Bharani 1 st Pada in Aries to Bharani 2 nd Pada in
Aries.
- Mercury
transits from Revathi 1 st Pada Pisces to Revathi 2 nd Pada in
Pisces.
- Venus
transits from Rohini 1 st Pada in Taurus to Rohini 3 rd Pada in
Taurus.
- Mars
transits in Uttarashadha 1 st Pada in Sagittarius to Uttarashadha 2
nd Pada in Capricorn .
- Saturn,
in Retrograde motion , and transits Poovashadha1 st Pada in
Sagittarius and moves in LeoNavamsa.
- Jupiter,
in Retrograde motion, transits in Visakha 2 nd Pada in Libra and
moves in Taurus Navamsa.
- Rahu
and Ketu moves from Pushyami 4 th Pada in Cancer and Sravana 2 nd
Pada in Capricorn Rasis and transits in Scorpio and Taurus Navamsas.
Moon
had commenced its trading journey between Aquarius and Pisces on
11.4.18 to 13.4.18 and made a range of 135 points i.e., between 10520
and 10385. Next Week, it had moved up moved up by 94 Points and
during the previous week and it had again moved up another 126 points
thus surpassing the first target by another 85 points.
----------------------------------------
Volatile
Movements (for Monday)
Tithi
:: Vaisakha Krishna Padyami
Nakshatra:
Swati
Persons
born in Aslesha, Jyeshta and Revati and those born in Scorpio and
Pisces are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 12.45PM; 2.45PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Subdued and remain So till about 11.25 PM and
remain Steady from 11.30 PM till about 1.35PM and remain Better till
about 2.45 PM and could remain Subdued towards Close of the day.
Astro Technical Trading
Strategy...
If Nifty fut trades below
ATP by about 9.30 AM, Short Positions can be taken with suitable SL
and such positions can be closed by about 11.30PM. If Nifty fut
trades above1.45 PM Long Positions can be taken with suitable SL and
Such Positions can be closed by about 2.45 PM.
Technical
Levels...
Resistance
: 10730,10765 Support : 10650,10615
