Bearish below 10350 and Bullish above 10550
Nifty
Outlook for the Week 16.04.2018 to 20.04.2018
NIFTY ::
10481 (+149)
Nifty traded in a range
of 10329 to 10520 during last week and closed nearer to the
Higher end of the range for the week at 10481 with a Gain of 149 Points (a Gain of about 1.44%). It
had made a Positive weekly close for the Third week in a row.
- The short term trend again
became Bullish. Medium Long Term are already Bullish. However, Short term would
become Bearish if Nifty goes Down and closes below 10225.
- 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 would be seen whether the upper end or Lower end of the range
would be broken and it would decide which way the market would move.
- 20 DMA, 50DMA, 100DMA and 200 DMA
are placed at about 10243, 10400, 10448 and 10213 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
14 months ago) suggesting that the Long term outlook has become Bullish
and Nifty continues to trade all the moving averages.
Technical
Levels…
Breakout
level : 10625 Breakdown level : 10225
Bullish
above 10550 with Resistance at 10625, 10700
Bearish
below 10400 with Supports at 10325, 10225,10150
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 Aswini 1 st Pada in Aries to Mrigasira 3 rd in Gemini.
- Sun transits from Aswini 1 st Pada in Aries to Aswini 2 nd Pada
in Pisces.
- Mercury, in Direct motion,
transits from Uttarabhadra 3 rd Pada Pisces to
Uttarabhadra 3rd Pada in Pisces.
- Venus transits from Bharani
4 th Pada in Aries to Krittika 2 nd Pada in Taurus.
- Mars transits in Poorvashadha
3 rd Pada in Sagittarius to Poorvashadha 4 th 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 to Visakha 2 nd Pada in Libra
and moves from Gemini Navamsa to Taurus 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.
----------------------------------------------------------
First Half Weak (for Monday)
Tithi :: Vaisakha Sukla Padyami
Nakshatra: Aswini
Persons born in Rohini, Hastha and
Sravana and those born in Taurus and Virgo are advised to be alert in
their dealings.
Sensitive / Trend change Timings : 9.53AM
Likely Intraday
Trend…
On the basis of planetary position and aspects
amongst planets, Market is expected to Open
Subdued and remain So till about 12.30 AM and remain Steady
thereafter till about 1.35PM and could remain Better thereafter till
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 12.30PM. If Nifty fut trades above ATP
by about 2.45 AM Long Positions can be taken with suitable SL and such
positions can be closed by about end of the day.
Technical Levels…
Resistance : 10520,10555 Support : 10440,10400
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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 intraday movements . applied depending on the real time market movement. used as an additional tool in addition to technicals and adapted Technical portion. Loss / Gain in market depends on Individual natal chart. Creator only knows what is going to happen and astrologer can only indicate what is likely to happen. 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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