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.
------------------------------
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.
------------------------------
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
------------------------------
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..
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