Bearish below 10725
for the week between 04-02-2019 to 08-02-2019
NIFTY : 10,894 (+113)
Nifty traded in a range of 10983 to 10584 during last week and closed nearer to the High of the range for the week @ 10894 with a Gain of about 113 Points and made a positive weekly close.
- During
the current week Nifty would transit through Aquarius and Pisces
between Dhanishta-Uttarabhadra and would make a range for the coming 3
weeks. If the high is crossed it is considered Bullish and break the Low
it would be considered Bearish.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 10824, 10788, 10743, 10845 respectively and would act as Supports and Resistances.
-
Nifty again came above all the DMAs and 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 outlook again Bullish. Long Term Trend is Bearish. Short Term would be
Bearish if it closes below 10725 by the Weekend.
Technical Levesl...
Breakout level : 11000 Breakdown level : 10725
Bullish above 10975 with Resistance at 11050, 11125
Bearish below 10815 with Supports at 10740, 10665
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 Sravana
1 st Pada in Capricorn to Uttarabhadra 1 st Pada in Pisces.
- Sun
transits from Sravana 4 th Pada to Dhanishta 1
st Pada in Capricorn.
- Mercury
transits from
Dhanishta 1 st Pada in Capricorn to 3 rd Pada
in Aquarius.
-
Venus transits in Moola 3rd to 4th Pada in Sagittarius.
- Mars transits in Revati 4 th Pada
in Pisces to Aswini 1 st Pada in Aries.
- Saturn transits in Poorvashadha 3rd Pada in Sagittarius and moves in Libra Navamsa.
- Jupiter transits in Jyestha 3rd Pada in Scorpio and transits Aquarius Navamsa.
- Rahu transits in Punarvasu 4th Pada in Cancer and Ketu transits in Uttarashadha 2nd Pada in Capricorn.
------------------------------ ----------------------------
Forenoon Session Better (for Monday)
Tithi : Pushya Bahula Amavasya
Nakshatra : Shravanam
Persons born in Punarvasu, Visakha, Poorvabhadra and in Capricorn, Taurus
are advised to be alert in their dealings.
NIFTY : 10,830.95 (+179.15)
Sensitive/Trend change Timings : 9.40
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market
is expected to Open Better from Opening till about 9.30 AM and
remain Better thereafter till about 12.40.P M and remain Subdued
thereafter till about 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 12.30
PM. If
Nifty Fut trades Lower than
ATP by about 1.00 AM Short Positions
can be taken with suitable SL
and closed by about end of the day.
Technical Levels...
Resistance :
10935,10970 Supports :
10855 ,10820
------------------------------ ----------------------------
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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