If
Nifty Closes above 10850, it would be Bullish
Outlook
for the Week 09.07.2018 to 13.07.2018
NIFTY
:: 10773 (+58)
Nifty
traded in a range of 10605 to 10816 during
last week and closed nearer to the High of the range for
the week at 10773 with a Gain of about 58 Points.
Market has made a Positive weekly close.
Moon
had transited between Aquarius and Pisces between 2nd
July to 6 th July and made a range of 10615 to 10816 and would be the
Base for the entire month and if the High of this week is crossed, it
would be Bullish and this week’s Low is breached it would be
Bearish.
Nifry
is Bullish for Short Term,, Medium Term and Long term also.
Short Term would be Bearish if it closes below 10650 towards Weekend.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10756 10706, 10579
and 10453 respectively and would act as Supports and Resistances.
Nifty
continues to trade above all the moving averages and 50 DMA has come
above 200 DMA (Golden Cross has come more than about 18 months ago)
suggesting that the Long term outlook has become Bullish and Nifty
continues to trade all the moving averages.
Technical
Levels...
Breakout
level :10850 Breakdown level :10650
Bearish
below 10700 with Supports at 10625, 10550
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 Krittika 1 st Pada in Aries to
Punarvasu 4 th Pada in Cancer.
-
Sun transits from Punarvasu 1 st Pada in Gemini to Punarvasu 3 rd
Pada in Gemini.
-
Mercury transits from Aslesha 1 st Pada Cancer to Aslesha 2 nd Pada
in Cancer.
-
Venus transits from Makha 2 nd Pada in Leo to Makha 3 st Pada in Leo.
-
Mars, in Retrograde Position, transits in Sravana 2 nd Pada in
Capricorn to Sravana 2nd Pada in Capricorn.
-
Saturn, in Retrograde motion, and transits in Moola 4 th Pada in
Sagittarius and moves in Cancer Navamsa.
-
Jupiter, in Retrograde motion, transits from Aardra 4 th Pada in
Libra transits in Direct motion in Aardra 4 th Pada and transits in
Pisces Navamsa.
-
Rahu and Ketu transits in Pushyami 3 rd Pada in Cancer and Sravana 1
st Pada in Capricorn Rasis and transits in Libra and Aries Navamsas .
-------------------------------
Forenoon
Better (for Monday)
Tithi
: Nija Jyeshta Bahula Ekadasi
Nakshatra:
Krittika
Persons
born in Aadra, Swathi and Sathabhisham and those born in Taurus and
Virgo are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 12.30PM
Likely
Intraday Trend,,,
On
the basis of planetary position and aspects amongst planets, Market
is expected to remain Better till about 1.10PM and remain Sudued
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 1.00 P M. If Nifty fut
trades below ATP by about 1.30 PM, Short Positions with suitable SL
can be taken and close the Positions by about end of the day.
Technical
Levels...
Resistance
: 10810,10845 Support :10730,10695
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