Could become Bullish above 10850
NIFTY : 10,724 (-220)
Nifty traded in a range of
10931 to 0620 during last week and closed nearer to the Low of the range for the week @ 10724 with a Loss of about 220 Points and made Nagitive weekly close.
-Nifty during the transited period between Aquarius and Pisces it had made a range of 10925 to 11118. If the high is crossed it is considered Bullish and break the Low it would be considered Bearish. Low of this range was breached this week and went down upto 10620.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 10847, 10817, 10695, 10860 respectively and would act as Supports and Resistances.
-
Nifty again only above 100 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 index became bearish in Short Term, Medium Term Long Term outlooks. Short Term would be
Bullish if it closes above 10850 by the Weekend.
Technical Levesl...
Breakout level : 10850 Breakdown level : 10600
Bullish above
10800 with Resistance at
10875, 10950
Bearish below 10650
with Supports at 10575, 10500
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 Pushyami 4th Pada in Cancer to Hasta 3rd Pada in Virgo.
- Sun
transits from Dhanishta 4th Pada
to Satabhisham 2nd Padda
in
Aquarius.
-
Mercury
transits from Satabhisham 4th Pada to Poorvabhadra 1st Pada in Aquarius.
- Venus
transits from Poorvashadha 3rd to Uttarashadha 1st Pada in Sagittarius.
- Mars transits from Aswini 3rd to 4th 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.
------------------------------
ASTRO TECHNICAL GUIDE FOR NIFTY
Generally Subdued (for Monday)
Tithi : Magha Sukla Chaturdasi
Nakshatra :
Pushyami, Aslesha
Persons born in
Bharani, Pubba, Poorvashadha & Krittika, Uttara, Uttarashadha and in Leo,Sagittarius are advised to be alert in their dealings.
Sensitive/Trend change Timings : 2
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market
is expected to Open Steady from Opening till about 10.30 AM and remain
Subdued thereafter till about 2.25P M and remain Steady thereafter.
Astro Technical Trading Strategy for the day...
If
Nifty fut trades Subdued than ATP by about 10.30 AM Short Positions
can be taken with suitable SL and Such positions can be closed by about
2.30 PM.
Technical Levels...
Resistance :
10765,10800 Supports :
10685 ,10650
------------------------------
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.
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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