Karnataka
Results to decide the Trend
Outlook
for the Week 14.05.2018 to 18.05.2018
NIFTY
:: 10807 (+188)
Nifty
traded in a range of 10636 to 10812 during last week and closed
nearer to the Higher end of the range for the week at 10807 with a
Gain of 188 Points (a Gain of about 1.77%). Market made a Possible
weekly close for the First week after 1 week of Loss. IF Karnataka
Elections results come in Positive way, it could go up for atleast
another 2 weeks.
- Market
is Bullish in all the Short Term, Medium Term and Long Term. However,
Short term would become Bearish if Nifty goes Down and closes below
10700.
- 20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10580, 10420,
10499 and 10303 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
Technical
Levels...
Breakout
level : 10900 Breakdown level : 10700
Bullish
above 10880 with Resistance at 10950, 11025,11100
Bearish
below 10725 with Supports at 10650, 10575
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 4 th Pada in Aries to Aadra 2
nd Pada in Gemini.
- Sun
transits from Krittika 1 st Pada in Aries to Krittika 3 rd Pada in
Taurus.
- Mercury
transits from Aswini 3 rd Pada to Bharani 1 st Pada in Aries.
- Venus
transits from Mrigasira 2 nd Pada in Taurus to Mrigasira 4 th Pada in
Gemini.
- Mars
transits in Uttarashadha 3rd Pada to Uttarashadha 4th Pada in
Capricorn .
- Saturn,
in Retrograde motion transits in Poovashadha 1 st Pada in Sagittarius
and moves in Leo Navamsa.
- Jupiter,
in Retrograde motion, transits from Visakha 1st to 2nd Pada in Libra
and moves from Taurus Navamsa to Aries 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
commenced its trading journey between Aquarius and Pisces from
09.5.18 to 11.5.18 and made a range of 10636 to 10812 which will have
to be breached/cut off either side in the following week.
--------------------------------------
Opening Better (for Monday)
Tithi
:: Vaisakha Krishna Chaturdasi
Nakshatra:
Aswini & Bharani
Persons
born in Rohini, Hastha and Sravana & Mrigasira, Chitta and
Dhanishta and those born in Taurus & Virgo are advised to be
alert in their dealings.
Sensitive/Trend
change Timings :12.29 PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Steady/Better till about 12.30 PM and remain
Steady thereafter till end 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
12.30P M. If Nifty fut trades below 1.30 PM Short Positions can be
taken with suitable SL and Such Positions can be closed by about 3.30
PM.
Technical
Levels...
Resistance
: 10845,10880,10920 Support : 10765,10730
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