for the Week between 26 to 30 November, 2018
SELLING
PRESSURE IN FIRST HALF
NIFTY
: 10527 (-155)
Nifty
traded in a wide range of 10512 to 10775 during last
week and closed nearer to the Low of the range for
the week at 10527 with a Loss of about 155 Points (about
1.45%). Market made a Negative weekly close for the First
week after 3 weeks of Gain.
- Moon
has commenced transit between Aquarius and Pisces
between 16 th to 20 th October and made a range of 10775
to10641 and the range would be the Base for the
next Three weeks. Last week it had breached the Low of the range
and it had breached 10641 and it had reached 10512.
- The
short term trend has become Bullish and Medium Term
and Long Term Trend are Bearish. Short Term would be
Bearish if it closes below 10350 by the Weekend.
20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10426, 10699,
10951 and 10750 respectively and would act as Supports and
Resistances.
- Nifty
is only above 20 DMA. 50 DMA has just come below 200 DMA (Death Cross
) suggesting that the Long term outlook has become Bearish and
however, Nifty continues to trade below 200 DMA.
Technical
Levels...
Breakout
level : 10700 Breakdown level : 10350
Bullish
above 10600 with Resistance at 10675, 10750
Bearish
below 10450 with Supports at 10375, 10300
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 Aardra 4 th Pada in Gemiini to Pubbba 2 nd
Pada in Leo
- Sun transits from Anuradha 2 nd to 4 th Pada in Scorpio.
- Mercury,
turns Retrigrade, and transits from Anuradha 2 nd Pada in Scorpio
- Venus
transits from Chitta 3 rd to 4 th Pada in Libra
- Mars
transits in Satabhisham 2 nd Pada to 3 rd Pada in Aquarius
- Saturn
transits in Moola 4 th Pada to Poorvashadha 1 st Pada in Sagittarius
and moves in Cancer to Leo Navamsa
- Jupiter
transits in Anuradha 2 nd to 3 rd Pada in Scorpio in Virgo Navamsa to
Libra Navamsa.
- Rahu
transits in Pushyami 1st Pada in Cancer and Ketu transits in
Uttarashadha 3 rd pada in Capricorn in Leo and Aquarius Navamsas.
-----------------------------------------
Closng
Session Better (for Monday)
Tithi
:: Kaartika Bhaula Chaviti
Nakshatra:Aardra
& Punavasu
Persons
born in Bharani, Pubba and Poorvashadha and those
born in Cancer and Scorpio are advised to be alert
in their dealings.
Sensitive
/ Trend change Timings : 11.35
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planeta Market
is expected to Open Subdued and remain Subdued
from beginning till about 11.35 AM and
remain Better thereafter till 12.20 and remain Subdued
tll about 2.00 PM and remain Better till about end
of the day.
Astro
Tecnical Trading Strategy...
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 11.35AM. If Nifty Fut. Trades above ATP
by about 2.00 PM Long Positions can be taken
wwith suitable SL and can be Closed by about end of the day.
Technical
Levels...
Resistance
: 10665,10690 Support : 10485 ,10450
No comments:
Post a Comment