WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for the Week 12.11.2018 to 16.11.2018

This week could be mildly Positive

NIFTY : 10585 (+32)

Nifty traded in  a wide range of 10458  to 10620    during last week and closed nearer to the  High  of the range for the week at 10585 with a Gain of about 32  Points and made a Positive weekly close for the Second week.

 

- Nifty is only above 20 DMA and below the all other DMA's. The short term  trend  has become Bullish and Long Tern is already Bullish. But Medium Term is  Bearish. Short Term would be Bearish if it closes below 10300 by the Weekend.

 

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10360, 10880, 10971 and 10763 respectively and would act as  Supports  and Resistances. 

 

- Nifty continues to trade below  200 DMA Long  term  moving average and 50 DMA has  come above 200 DMA (Golden  Cross has come more than about 21 months  ago) suggesting that the Long term outlook has become Bullish and however, Nifty continues to trade below  200 DMA.

 

Technical Levels...

Breakout level : 10775 Breakdown level : 10250 

Bullish above 10650  with Resistance at 10725, 10800

Bearish below 10500 with Supports at 10425, 10350

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.

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Planetary Position...

- Moon would be transiting  from Poorvashadha 2 nd  Pada  in Sagittarius  to Sathabhisham 1 st   Pada in  Aquarius.

- Sun transits from  Visakha 2 nd  Pada in Libra  to Visakha 3 rd  Pada in Libra

- Mercury  transits  from  Jyeshta 1 st  Pada  Scorpio   to Jyeshta 2 nd   Pada  in  Scorpio .

- Venus, in Retrograde motion, transits from   Chitta 3 rd   Pada in  Libra  to  Chitta  3 rd   Pada in Libra.

- Mars transits in Dhanishta  4 th   Pada  in  Aquarius  to Sathabhisham 2 nd   Pada in Aquarius 

- Saturn transits in Moola 4 th    Pada   in Sagittarius and  moves  in Cancer   Navamsa.

- Jupiter   transits in Anuradha 2 nd  Pada  in Scorpio and  transits in Virgo  Navamsa.

- Rahu  and Ketu  transits in Pushyami 1 st Pada to Pushyami 2 nd Pada  in Cancer and in Uttarashadha 3 rd  quarter  to Uttarashadha 2 nd Pada in Capricorn  Rasis  and transits  in Leo  and Aquarius / Capricorn  Navamsas.

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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..