Bearish below 10650
for the week between 28.01.2019 - 01-02-2019
NIFTY : 10,781 (-126)
Nifty traded in a range of 10987 to 10756 during last week and closed nearer to the low of the range for the week @ 10781 with a Loss of about 126 Points and made a negative weekly close.
- Nifty while transiting in Aquarius and Pisces Signs traded in a range of 10692 to 10870. High of this range is crossed and and went upto 10987.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 10834, 10780, 10786, 10837 respectively and would act as Supports and Resistances.
- Nifty at present is little above only 50 DMA and below all other DMAs. 50 DMA has come below 200 DMA (Death Cross) suggesting that the Long term outlook has become Bearish.
- The Short Term trend and Medium Term is Neutral. Long Term Trend is Bearish. Short Term would be Bullish if it closes below 10900 by the Weekend.
Technical Levesl...
Breakout level : 10900 Breakdown level : 10625
Bullish above 10850 with Resistance at 10925, 11000
Bearish below 10700 with Supports at 10625, 10550
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 Swati 4 th Pada in Libra to Moola 4 th Pada in Sagittarius.
- Sun transits from Sravana 2 nd 3 rd Pada in Capricorn.
- Mercury transits from Sravana 2 nd 3 rd Pada in Capricorn.
- Venus transits from Jyeshta 4th Pada in Scorpio to Moola 1 st Pada in Sagittarius.
- Mars transits in Revati 3rd to 4th Pada in Pisces.
- Saturn transits in Poorvashadha 3rd Pada in Sagittarius and moves in Libra Navamsa.
- Jupiter transits in Jyestha 2nd Pada in Scorpio and transits Carpicorn Navamsa.
- Rahu transits in Punarvasu 4th Pada in Cancer and Ketu transits in Uttarashadha 2nd Pada in Capricorn.
------------------------------ ----------------------------
ASTRO TECHNICAL GUIDE FOR NIFTY
for January 28, 2019
Generally Subdued (for Monday)
Tithi : Pushya Bahula Ashtami
Nakshatra : Swathi
Persons born in Asleha, Jyeshta, Revati and in Scorpio, Pisces are advised to be alert in their dealings.
NIFTY : 10,849.80 (-18.30)
Sensitive/Trend change Timings : 2.26: 3.16
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady from Opening till about 10.25 AM and remain Subdued thereafter till about 12.25 PM and remain Better thereafter till 2.20 PM and to remain Subdued thereafter till about Close of the day.
Astro Technical Trading Strategy for the day...
If Nifty fut trades Lower than ATP by about 10.30 AM Short Positions can be taken with suitable SL and Such positions can be closed by about 12.15 PM. If Nifty Fut trades Higher than ATP by about 12.30 AM Long Positions can be taken with suitable SL and closed by about 2.15 PM. If Nifty Fut trades Lower than ATP Short Positions can be taken and Closed towards end of the day.
Technical Levels...
Resistance : 10820,10855 Supports : 10740 ,10705
------------------------------ ----------------------------
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..
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..
No comments:
Post a Comment