Caution
at Higher Levels
Outlook
for the Week 16.07.2018 to 20.07.2018
NIFTY
: 11019 (+246)
Nifty
traded in a range of 10807 to 11078 during last week and closed
nearer to the High of the range at 11019. It gained about 246 Points
in the week and made a Positive weekly close for the Second week in a
row.
Market
is Bullish in all Long Term, Medium Term and Short Term outlook.
Bearish only if it closes below 10850.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10790 10739, 10563
and 10470 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.
Technical
Levels...
Breakout
level : 11150 Breakdown level : 10850
Bullish
above 11100 with Resistance at 11175, 11250
Bearish
below 10940 with Supports at 10860, 10780
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 Makha 4 th Pada in Leo to
Swathi 2 nd Pada in Libra.
Sun
transits from Punarvasu 3 rd Pada in Gemini to Pushyami 1 st Pada in
Cancer.
Mercury
transits from Aslesha 3 rd Pada Cancer to Aslesha 4 th Pada in
Cancer.
Venus
transits from Makha 4 th Pada in Leo to Pubba 2 nd Pada in Leo .
Mars,
in Retrograde Position, transits in Sravana 1 st Pada in Capricorn to
Sravana 1 st Pada in Capricorn.
Saturn,
in Retrograde motion, and transits in Moola 4 th Pada in Sagittarius
and moves in Cancer Navamsa.
Jupiter,
in Direct motion, transits in Swathi 4 th Pada in Libra 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 .
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.
-----------------------------------
Generally
Better (for
Monday)
Tithi
:: Aashadha Sukla Chaturdhi
Nakshatra:
Makha & Pubba
Persons
born in Rohini, Hasta and Sravana and those born in Virgo and
Capricorn are advised to be alert in their dealings.
Sensitive/Trend change Timings : 9.39AM;10.05 AM;10.23AM; 11.11AM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to remain Better till about 10.40AM and remain Steady
thereafter and remain Better from 11.50AM till about 2.50 PM and
would remain Steady / Subdued till about 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 10.30 A M. If Nifty fut
trades above ATP by about 12.00 PM, Long Positions with suitable SL
can be taken and close the Positions by about 2.45 PM.
Technical
Levels...
Resistance
: 11060,11095 Support :10980,10945
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