WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Market  could Expect some Buying Support

 

for the week between  03.12.2018 to 07.12.2018

NIFTY : 10877 (+350)

Nifty traded in  a wide range of 10490  to 10922 during last week and closed nearer to the  High  of the range for the week at 10877 with a Gain of about 350  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 10550 by the Weekend.

- Moon has  commenced  transit  between Aquarius and Pisces between 16 th  October to 20 th October and made a range of 10775 to 10641 and made the range for the next Three weeks. During last week it had transited from 10490 to 10922, by breaching High of the range and reached  the First Target.  

 

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10622, 10611, 10958 and 10744 respectively and would act as  Supports  and Resistances.

   

- Nifty presently below 100 DMA and came above all the DMA's. 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.

Technical Levesl...

Breakout level : 11050        Breakdown level : 10550

Bullish above 10950  with Resistance at  11025, 11100  

Bearish below 10800 with Supports at 10725, 10650

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 Chitha 3 rd Pada  in Virgo to Jyestha 2 nd Pada in Scorpio.

- Sun transits from   Jyestha 2 st to Pada 2 nd  Pada in Scorpio.

- Mercury, in Retrograde, transits in  Anuradha 1 st  Pada to Visakha 4 th Pada in Scorpio.

- Venus transits in Chitta  4 th to Swathi 1 st Pada in Libra.

- Mars  transits in Satabhisham 4 th  Pada  in  Aquarius.

- Saturn  transits in Poorvashadha 1 st Pada in Sagittarius in Lio  Navamsa.

- Jupiter transits in  Anuradha 3 rd  Pada  in Scorpio and  transits in Libra 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.

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Generally Bullish (for Monday)

Tithi : Kaartika Bahula Ekadasi

 

Nakshatra : Chitta

Persons born in Pushyami, Anuradha and Uttarabhadra and  those  born in Leo and Saggitarius are advised to be alert in their dealings.  

Sensitive/Trend change Timings :  2.50

Likely Intraday Trend... 

On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain so till about 10.15 AM and  remain subdued till about 3.15 PM. It may remain better till the end of the Day. 

Astro Technical Trading Strategy for the day...

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  10.15 AM. If Nifty Fut. Trades below ATP by about 11 AM Short Positions can be taken and be closed by about 3 PM.

 

Technical Levels... 

Resistance : 10915,10950              Supports : 10835, 10800 

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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..