Buy on Declines
Outlook for the Week
02.04.2018 to 06.04.2018
NIFTY :: 10114 (+116)
Nifty traded in a range
of 10208 to 9959 during last week and closed nearer to the Higher
end of the range for the week at 10114 with a Gain of 116 Points
(about 1.16%). It has made a Positive weekly close for the First week
after 5 weeks of decline.
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 10350.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10255, 10520,
10450 and 10190 respectively and would act as Supports and
Resistances.
Nifty
continues to trade below both the all the DMAs but 50 DMA has come
above 200 DMA (Golden Cross has come more than about 13 months ago)
suggesting that the Long term outlook has become Bullish. It had
broken the Long Term Support of 200 DMA. Since it has broken this
Support, it ahould come above 200 DMA, till then it should be deemed
to be weak.
Technical
Levels...
Breakout
level : 10350 Breakdown level
: 10000
Bullish
above 10190 with Resistance at 10250, 10300,10375
Bearish
below 10050 with Supports at 9975, 9900,9825
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 Swathi 1 st Pada in Libra to Moola 1 st Pada
in Sagittarius.
Sun
transits from Revathi 1 st Pada in Pisces to Revathi 2 nd Pada in
Pisces.
Mercury,
in Retrograde motion, transits from Revathi 1 st Pada Pisces to
Uttarabhadra 4 th Pada in Pisces.
Venus
transits from Aswini 2 nd Pada in Aries to Bharani 1 st Pada in
Aries.
Mars
transits in Poorvashadha 1 st Pada in Sagittarius to Poorvashadha 2
nd Pada in Sagittarius.
Saturn
transits in Poovashadha 1 st Pada in Sagittarius and moves in 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
had commenced its trading journey between Aquarius and Pisces on
15.3.18 to 20.3.18 and made a range of 345 points i.e., between 10420
and 10075. After 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). It has not completed any range last week. Last
week, market has achieved a pullback and let us See whether it would
go up or come down.
-----------------------------------------
Opening
Session Better (for Monday)
Tithi
:: Chaitra Bahula Vidiya
Nakshatra:
Swathi
Persons
born in Aslesha, Jyeshta and and those born in Scorpio and Pisces are
advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 11.55 AM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Better and remain So till about 11.10AM and could
remain Subdued till about Close of the day.
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 11.00AM. If Nifty fut
trades below ATP by about 11.30 AM Short Positions can be taken
with suitable SL and such positions can be closed by about 3.15 PM.
Technical Levels...
Resistance : 10155,10190
Support : 10075,10040
-------------------------
IF resistance levels are
achieved in the forenoon session, buying may
be avoided at higher levels and risky traders can consider short positon
for a pull back to Bullish trigger level. IF Support levels are achieved
in the forenoon session, selling may be avoided at lower levels and risky
traders can consider buying for a pull back upto Bearish trigger level /
other support levels.Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'
Trade only with stop loss..
Stay Disciplined for Successful Trading and Investing..
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