Bullish above 11900 by weekend
for the week between 30 April to May 3, 2019
NIFTY : 11,755 (+2)
Nifty traded in a range of 11797 to 11565 during last week and closed nearer to the High of the week's range at 11755 with a Gain of just 2 Points and made a Positive weekly close.
- During the week, Nifty would transit between Aquarius and Pisces Sign in Poorvabhadra and Revati constellations. The weeks range would be the reference for the coming month. If high is crossed it would be bullish and low is broke it would bearish.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11655, 11298, 11058, 11088 respectively and they would act as Supports and Resistances.
- Nifty again came above all DMAs. 50 DMA also came above 200 DMA (Golden Cross) suggesting that the Long term outlook has become Bullish again. Short Term would become Bearish if it closes below 11600 by the Weekend.
Technical Levesl...
Breakout level : 11900 Breakdown level : 11600
Bullish above 11825 with Resistance at 11900, 11975
Bearish below 11675 with Supports at 11600, 11525
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 Poorvabhdadra 1st Pada in Acquarius to Ashwini 1st Pada in Aries.
- Sun transits from Bharani 1st to 2nd Pada in Pisces.
- Mercury transits in Revathi 3rd to 4th Pada in Pisces.
- Venus transits in Revathi 1st to 2nd in Pisces.
- Mars transits in Mrigasira 1st to 2nd Pada in Taurus.
- Saturn transits in Poorvashadha 4th Pada in Sagittarius in Scorpio Navamsa and entered in Retrograde Motion.
- Jupiter, in Retrograde Motion, moves in Jyeshta 4th Pada in Scorpio and moves in Pisces Navamsa.
- Rahu transits in Punarvasu 3 rd Pada in Gemini and Ketu transits in Uttarashadha 1st Pada in Sagittarius
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Second Half Better (for Tuesday)
Tithi : Chaitra Krishna Ekadasi
Nakshatra : Poorvabhadra
Persons born in Ashwini, Makha, Moola and in Pisces, Cancer are advised to be alert in their dealings.
Sensitive/Trend change Timings : 2.55
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain so till about 10.10 AM and remain Subdued thereafter till about 12.25 PM and remain Better thereafter till about 2.40 PM and reman Steady thereafter till end of the day.
Astro Technical Trading Strategy for the day...
If Nifty fut trades below ATP by about 10.15 AM Short Positions can be taken with suitable SL and Such positions can be closed by about 12.15 PM. If Nifty fut trades above 12.30 PM Long Positions can be taken with suitable SL and Such positions can be closed by about 2.30 PM.
Technical Levels...
Resistance : 11795,11830 Supports : 11715,11680
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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..
- Bhuvanagiri Amarnadh Sastry, Astro Technical Analyst
