Bearish below 11500 by weekend
for the week between 08-12 April, 2019
NIFTY : 11,666 (+42)
Nifty traded
in a range of 11761 to 11559 during last
week and closed nearer to the High
of the range for the week at 11666 with
a Gain of about 42 Points and
made a Positive weekly close for the Seventh week in row.
-
During
the week, Nifty when transited between Aquarius and Pisces Sign in
Dhanishta and Revati constellations it made a range of 11761-11559.
If the High of this range is crossed subsequently, it would be Bullish
and vice versa.
11468 , 11088, 10930, and 10948
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about
11468, 11088, 10930, 10948 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 bearish if it closes below 11500 by the Weekend.
Technical Levesl...
Breakout level : 11775 Breakdown level : 11500
Bullish above 11750 with Resistance at 11825, 11900
Bearish below 11600 with Supports at 11525, 11450
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 Bharani
4 th Pada in Aries to Punarvasu 1 st Pada in Gemini.
- Sun transits from Revathi 4th in Pisces.
- Mercury transits in Poorvabhadra 2nd Pada in Acquarius to
Poorvabhadra 2nd Pada in
Pisces.
- Venus transits in
Poorvabhadra 2nd Pada
in Aquarius.
- Mars transits in Rohini 2nd Pada in Taurus.
- Saturn transits in Poorvashadha 4th Pada in Sagittarius and moves in Scorpio Navamsa.
- Jupiter transits in Moola 1st Pada in Sagittarius and transits Aries Navamsa.
- Rahu transits in Punarvasu 3 rd Pada in Gemini and Ketu transits in Uttarashadha 1st Pada in Sagittarius
------------------------------
Generally Better (for Monday)
Tithi : Chaitra Sukla Tadiya
Nakshatra : Bharani & Krittika
Persons born in Ardra, Swathi, Satabhisham and
Taurus, Virgo
are advised to be alert in their dealings.
NIFTY : 11,624.00 (+)
Sensitive/Trend change Timings : 9.42
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to remain
Better from 9.45 AM to about 1.25PM and remain Steady/ Subdued thereafter
till about end of the day.
Astro Technical Trading Strategy for the day...
If
Nifty Futures trades above ATP by about 9.45 AM Long Positions can be
taken with suitable SL and such positions can be closed by about 1.25
PM. If Nifty Futures trades below by about 1.45 PM Short Positions can
be taken with suitable SL and such positions can be closed by about
3.30PM.
Technical Levels...
Resistance : 11705,11740 Supports : 11625,11590
------------------------------
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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