Outlook for the Week between 15-19 October
Bearish
if Nifty trades < 10250
NIFTY
: 10473 (+156)
Nifty
traded in a range of 10139 to10492 during last week and
closed nearer to the High of the range for the week at 10473 with a
Gain of about 156 Points and made a Positive weekly close
for the First week after 5 weeks of Loss. Short Term would be
Bullish if it closes above 10700 towards Weekend.
- Moon
had transited between Aquarius and Pisces between 24
th September to27 th September and made a range of
11170 to 10883 and would be the Base for the next Three weeks. During
the last week, market had made a Low of 10138 and it had hit exceeded
the Second target also by about 50%.
- 20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10876, 11242,
11021 and 10779 respectively and would act as Supports
and Resistances.
- Nifty
continues to trade below all DMAs. 50 DMA is above 200
DMA (Golden Cross) suggesting that the Long term outlook has become
Bullish and Nifty continues to trade below 200 DMA.
Technical
Levels...
Breakout
level : 10700 Breakdown level : 10250
Bullish
above 10450 with Resistance at 10525, 10600,10675
Bearish
below 10400 with Supports at 10325, 10250,10175
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 Moola 4 th Pada in Sagittarius to
Dhaishta 3 rd Pada in Aquarius.
- Sun
transits from Chitta 2 nd Pada in Virgo to
Chitta 3 rd Pada in Libra.
- Mercury
transits from Swati 3 rd Pada Libra to Swathi
4 th Pada in Libra.
- Venus,
in Retrograde motion, transits from Swati 3 rd Pada in Libra
to Swati 2 nd Pada in Libra.
- Mars transits
in Sravana 3 rd Pada to Sravana 4 th Pada in Capricorn.
- Saturn
transits in Moola 3 rd Pada in Sagittarius and moves
in Gemini Navamsa.
- Jupiter transits
in Visakha 4 th Pada in Scorpio and transits in Cancer
Navamsa.
- Rahu
transits in Pushyami 2nd Pada and
Ketu transits in Uttarashadha 4 th pada in Cancer, Capricorn
Rasis and transits in Libra and Pisces Navamsas.
---------------------------------------
Opening
Session only Bullish
(for Monday)
Tithi
:: Aswajuya Sukla Saptami
Nakshatra:
Moola
Persons
born in Rohini, Hasta and Sravana and those born in Capricorn and
Taurus are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 10.40AM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Better and remain So till about 10.40AM and
remain Subdued there after 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
10.35 PM. If Nifty Fut trades below ATP by about 11.00 PM, Shprt
Positions can be taken with suitable SL and such Positions can
be closed by about 3.00 PM.
Technical
Levels...
Resistance
:
10515,10550 Support :
10430
,10395
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