Caution
at Higher Levels
Nifty
Outlook for the Week 20.08.2018 to 24.08.2018
NIFTY
: 11471 (+41)
Nifty
traded in a range of 11340 to 11486 during last
week and closed nearer to the High of the range for the
week at 11471 with a Gain of about 41 Points. It has made a
Positive weekly close for the Fourth.
- It
is Bullish for Long, Medium Term Short Term out looks. Would be
Bearish if it closes below 11400 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. This
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.
- 20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 11310, 11015,
10790 and 10617 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 :11600 Breakdown level :11400.
Bullish
above 11550 with Resistance at 11625, 11700
Bearish
below 11400 with Supports at 11325, 11250.
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.
-------------------------------------
- During the current week
Moon would be transiting from Jyeshta 3 rd Pada in Scorpio to Sravana
2nd Pada in Capricorn.
- Sun
transits from Makha 1st to 3 rd Pada in Leo
- Mercury
transits from Aslesha 1 st Pada Cancer to Aslesha
1 st Pada in Cancer
- Venus transits
from Hasta 3rd to 4 th 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,
in Direct motion, transits in Visakha 1 st
Pada in Libra in Aries Navamsa
- Rahu
and Ketu transits in Pushyami 3rd Pada in
Cancer and Sravana 1st Pada in Capricorn
Rasis and transits in Libra and Aries Navamsas.
------------------------------
Forenoon
Better
(for Monday)
Tithi
:: Sravana Sukla Dasami
Nakshatra:
Jyeshta
Persons
born in Krittika, Uttara and Uttarashadha and those born in
Sagittarius and Aries are advised to be alert in their dealings.
Sensitive/Trend
change Timings : 2.59PM
Lkely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to remain generally Better from Opening till about
12.30AM and remain Subdued thereafter till about 3.00 abd remain
better 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 can be closed by about 12.30 AM. If Nifty Fut trades below AT
P by about 1.00 PM Short Positions can be taken with suitable SL and
can be closed by about 3.00.
Technical
Levels...
Resistance
: 11510,11545 Support : 11440 ,11405
------------------------------
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..
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