Outlook
for the Week 06.08.2018 to 10.08.2018
NIFTY
:: 11361 (+83)
Nifty
traded in a range of 11235 to 11391 during last
week and closed nearer to the High of the range for
the week at 11361 with a Gain of about 83 Points. Market
had closed with a Positive outlook.
Market
is Bullish for the Long, Medium and Short Term. Short Term would be
Bearish if it closes below 11200 towards Weekend.
Moon
had transited between Aquarius and Pisces between 30 th
July to 3 rd August and made a range of 11235 to 11391 and would be
the Base for the entire month and if the High of the last week
was crossed, it would be Bullish for the month and if the Low of the
range is crossed it would be Bearish.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 11105 10851, 10669
and 10565 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 above all the moving averages.
Technical
Levels...
Breakout
level :11450 Breakdown level : 11200
Bullish
above 11435 with Resistance at 11510, 11585, 11655
Bearish
below 11280 with Supports at 11200, 11125
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 4 th Pada in Taurus to
Pushyami 3 rd Pada in Cancer
- Sun
transits from Aslesha 1 st Pada in Cancer to
Aslesha 3 rd Pada in Cancer.
- Mercury
,in Retrograde motion, transits from Aslesha 2nd and 3 rd Pada in
Cancer.
- Venus
transits from Uttara 3 rd and 4th Padas in Virgo
- Mars,
in Retrograde Position, transits in Uttarashadha 3rd and 4 th Pada in
Capricorn.
- Saturn,
in Retrograde motion, and transits in Moola 3 rd Pada in Sagittarius
and moves in Gemini Navamsa.
- Jupiter,
in Direct motion, transits from Swathi 4 th Pada to Visakha 1 st Pada
in Libra and transits from Pisces Navamsa to Aries 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.
--------------------------------------
Bullish
till about Closing Session (for Monday)
Tithi
:: Aashadha Krishna Dasami
Nakshatra:
Krittika/Rohini
Persons
born in Aardra, Swati and Satabhisham / Punarvasu , Visakha and
Poorvabhadra and those born in Gemini and Libra are advised to be
alert in their dealings.
Sensitive/Trend
change Timings : 9.38 AM; 12.43 PM; 2.05PM
Lkely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to remain Better from about 9.40AM till about 1.50 PM and
could remain Subdued thereafter till end of the day.
Astro Technical Trading
Strategy...
If Nifty fut trades above
ATP by about 9.45 AM , Long Positions with suitable SL can be taken
and close the Positions by about 1.45PM.
Technical
Levels...
Resistance
: 11400,11435 Support :11320,11285
--------------------------------------
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..
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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