This week Could face
Selling Pressure in Second Half
Nifty Outlook for the Week 19.11.2018 to 22.11.2018
NIFTY :: 10682 (+97)
Nifty
traded in a wide range of 10441 to 10695 during last week and
closed nearer to the High of the range for the week at 10682 with a Gain of about 97 Points and made a Positive weekly close for the Third 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
10400 by the Weekend.
-
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10401, 10750, 10961 and 10753 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.
- Moon has commenced
transit between Aquarius and Pisces between 16 th October
to 20 th October and made a range of 10695
to 10631. The
range made the Base for the next Three weeks. When the Low of this range is breached it would
become Bearish and if the High of
the range is breached it would become Bullish.
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 Uttarabhadra
3 rd Pada in Pisces to Bharani 4 th
Pada in Aries.
- Sun
transits from Visakha 4 th Pada to Anuradha 2 nd Pada in Scorpio.
- Mercury,
turns Retrigrade , and transits in
Jyeshta 1 st Pada Scorpio.
- Venus ,
returns to Direct motion, transits in Chitta 3 rd Pada in Libra.
- Mars transits in Satabhisham 1 st 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 transits in Pushyami 1 st Pada
in Cancer and and Ketu transits in Uttarashadha 3 rd quarter
in Capricorn Rasis and transits
in Leo and Aquarius Navamsas.
------------------------------
Midsession Bullish (for Monday)
Tithi : Kaartika Sukla Ekadasi
Nakshatra:Uttarabhadra
Persons born in Bharani, Pubba and
Poorvashadha and those
born in Aries and Leo are advised
to be alert in their dealings.
Sensitive/Trend change Timings : 10.00 AM; 11.35 AM
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market
is expected to Open Subdued and remain till about 12.45 PM and remain Better from 1.00 PM to 2.25 PM
and could remain steady / Subdued till
about Close of the
Day.
Astro Technical Trading Strategy for the
day...
If Nifty fut
trades below ATP by about 9.15 AM Short Positions can be taken with suitable SL
and Such positions can be closed by about
12.45 PM. If Nifty Fut. Trades above ATP by
about 1.00 PM Long Positions can be Closed by about 2.30 Pm.
Technical
Levels...
Resistance : 10720,10755 Supports : 10640, 10605
------------------------------
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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