Week Trend is Crucial for the entire Month
for the week between 05-08 March, 2019
NIFTY : 10,864 (+72)
Nifty traded in a range of 10940 to 10729 during last week and closed nearer to the High of the range for the week @ 10864 with a Gain of about 72 Points and made Positive weekly close.
- During the forthcoming week, Nifty would transit in Aquarius and Pisces Sign between Dhanishta and Uttarabhadra constellations. If the High of this range I s crossed it would become Bullish and if the Low of this range is crossed it would become Bearish.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 10832, 10817, 10691, 10863 respectively and would act as Supports and Resistances.
- Nifty again came above all DMAs. 50 DMA has come below 200 DMA (Death Cross) suggesting that the Long term outlook has become Bearish.
- The Short Term, Medium Term trends are Bullish again and only Long Term trend is Bearish. Short Term would bearish if it closes below 10700 by the Weekend.
Technical Levesl...
Breakout level : 11000 Breakdown level : 10700
Bullish above 10940 with Resistance at 11015, 11100
Bearish below 10790 with Supports at 10715, 10640
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.
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Planetary Position...
- Moon would be transiting from Dhanishta 4 th Pada in Aquarius to Uttarabhadra 3 rd Pada in Pisces.
- Sun transits from Poorvabhadra 1st to 2nd Padda in Aquarius.
- Mercury transits from Uttarabhadra 2nd Pada in Pisces and enters in Retrograde motion.
- Venus transits from Uttarashadha 4th to Sravana 2 nd Pada in Capricorn.
- Mars transits from Bharani 2nd to 3rd Pada in Aries.
- Saturn transits in Poorvashadha 4th Pada in Sagittarius and moves in Scorpio Navamsa.
- Jupiter transits in Jyestha 4th Pada in Scorpio and transits Pisces Navamsa.
- Rahu transits in Punarvasu 4th Pada in Cancer and Ketu transits in Punarvasu 2nd Pada in Capricorn.
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for March 5, 2019
Second Half Better
Tithi : Magha Bahula Chaturdasi
Nakshatra : Dhanista
Persons born in Pushyami, Anuradha, Uttarabhadra and in Pisces, Cancer are advised to be alert in their dealings.
NIFTY : 10,792.50 (-15.70)
Sensitive/Trend change Timings : 3.15
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady from Opening till about 11.15 AM and remain Subdued thereafter till about 1.10PM and remain Better thereafter till about 3.20 PM .
Astro Technical Trading Strategy for the day...
If Nifty fut trades Subdued than ATP after 11.15 AM Short Positions can be taken with suitable SL and Such positions can be closed by about 1.00 PM. If Nifty Fut trades above ATP by about 1.15 PM and remain Better thereafter till about 3.15 PM.
Technical Levels...
Resistance : 10905,10940 Supports : 10825 ,10790
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