First Half is likely to be Bearish
for the week between 24.12.2018 to 28.12.2018
NIFTY : 10754 (-51)
Nifty
traded in a wide range of 10985 to 10739 during last week and closed
nearer to the Low of the range for the week at 10754 with a Loss of about 54 Points and made a Negative weekly close after 1 week of Gain. Current week is truncated due to Christmas Holiday and also F&O expiry week.
- Moon
would transit between Aquarius and Pisces between 13 th to 17 th
December and the range would be the Base for the next Three weeks.
When the Low of this range is breached, it would become Bearish
and if the range is crossed on the High side, it would be Bullish.
During the First Two days i.e., Thurs and Fridays Market has moved
between 10900 and 10752. During the week it has crossed the High of the range upto 10985 and also it has breached the Low of the range upto 10739.
- Market is Bullish in Short and Medium Terms but it is Bearish for Long Term Trend. Short Term would be Bearish if it closes below 10550 by the Weekend.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about
10761, 10566, 10930 and 10766 respectively and would act as Supports and Resistances.
-
Nifty is only above 50 DMA but below all other DMAs. 50 DMA has come below 200 DMA (Death Cross) suggesting that the Long term outlook has become Bearish.
Technical Levesl...
Breakout level : 10900 Breakdown level : 10550
Bullish above 10825 with Resistance at 10900, 10975
Bearish below 10675 with Supports at 10600, 10525
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 Punarvasu 3rd Pada in Gemini to Moola 4th Pada in Leo.
- Sun transits in Moola 3rd to 4th pada in Sagittarius.
- Mercury transits in Jyestha 1st Pada to 3rd Pada in Scorpio.
- Venus transits in Visakha 1st to 3rd Pada in Libra.
- Mars transits in Poorvabhadra 4th to Uttarabhadra in Pisces.
- Saturn transits in Poorvashadha 1 st to 2nd Pada in Sagittarius and moves in Leo, Virgo Navamsas.
- Jupiter transits in Anuradha 4 th Pada to Jyestha 1st Pada in Scorpio and transits in Scorpio, Sagittarius Navamsas.
-
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.
------------------------------
for December 24, 2018
Volatile Movements
Tithi : Margasira Bahula Vidiya
Nakshatra : Punarvasu
Persons born in Aswini, Makha, Moola and those born in Cancer and Scorpio
are advised to be alert in their dealings.
NIFTY : 10967.30 (+58.60)
Sensitive/Trend change Timings : 12.58; 2.07
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market
is expected to Open Better and
remain So from beginning
till about 10.30AM and remain Steady from about 10.45 AM , till about
12.10PM. Market is expected to be Better from about 12.15 PM till
about 1.45 PM of the day
and would remain Subdued till Close of the day.
Astro Technical Trading Strategy for the day...
If
Nifty fut
trades Better than ATP by
about 9.30 AM Long Positions can be taken with suitable SL and
Such positions can be closed by about 10.30
PM. If Nifty Fut. Trades Higher than ATP by about 12.15 PM Long
Positions with suitable SL can be
taken and closed by about 1.45 PM. If Nifty Fut trades below ATP by
About 2.00PM Short Positions can be taken with suitable SL and
Such positions can be closed by about end end of the day.
Technical Levels...
Resistance : 10795,10830 Supports : 10715 ,10680
------------------------------
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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