Current
Week could be slightly Bearish
Outlook
for the Week 13.08.2018 to 17.08.2018
NIFTY
:: 11430 (+69)
Nifty traded in a range
of 11371 to 11495 during last week and closed nearer to the High of
the range for the week at 11430 with a Gain of about 69 Points. Index
has made a Positive weekly close for the Third week in a row.
It
is Bullish on all Long Term, Medium Term an Short Term and would be
Bearish if it closes below 11300 towards Weekend. This week being a
truncated week, Second half of the week could remain Bearish.
Moon
had transited between Aquarius and Pisces between 30 th July to 3 rd
August and made a range of 11235 to 11391. During the week, it had
risen upto 11495. It has to rise further by another 50 points to
reach the first Target.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 11222 10956, 10698
and 10594 respectively and would act as Supports and Resistances.
Nifty
continues to trade above all the moving averages and 50 DMAhas 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 : 11500 Breakdown level : 11300
Bullish
above 11505 with Resistance at 11580, 11655
Bearish
below 11350 with Supports at 11275, 11200
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 Pubba 3 rd Pada in Leo to Swathi 4 th Pada
in Libra.
Sun
transits from Aslesha 3 rd Pada in Cancer to Makha 1 st Pada in Leo.
Mercury, in Retrograde motion, transits from Aslesha 1 st Pada in
Cancer.
Venus
transits from Hasta 1 st Pada in Virgo to Hasta 2 nd Pada in Virgo.
Mars,
in Retrograde Position, transits in Uttarashadha 3 rd Pada in
Capricorn.
Saturn,
in Retrograde motion and transits in Moola 3 rd Pada in Sagittarius
and moves in Gemini Navamsa.
Jupiter
transits in Visakha 1 st Pada in Libra and transits in 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 .
------------------------------------------------
Generally
Better (for Monday)
Tithi
:: Sravana Sukla Tadiya
Nakshatra:
Pubba
Persons
born in Mrigasira, Chitta and Dhanishta and those born in Virgo
and Capricorn are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 9.39AM; 1.39PM
Lkely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to remain generally Better from 9.15AM till about 3.00PM
and could remain Subdued towards 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 can be closed by about 3.00 PM.
Technical
Levels...
Resistance
: 11470,11505 Support
: 11390,11355
------------------------------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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