Bullish above 11850 by weekend
for the week between 06-10 May, 2019
NIFTY : 11,712 (-42)
Nifty traded in a range of 11789 to 11656 during last week and closed nearer to the Middle of the week's range at 11712 with a Loss of 42 Points and made a Negatitive weekly close.
- During the week, Nifty transited between Aquarius and Pisces Sign in Poorvabhadra and Revati constellations and it had made a range of 11789-11656. 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 11672, 11355, 11085, 11022 respectively and they would act as Supports and Resistances.
- Nifty is 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 Bullish if it closes above 11850 by the Weekend.
Technical Levesl...
Breakout level : 11900 Breakdown level : 11550
Bullish above 11800 with Resistance at 11875, 11950
Bearish below 11625 with Supports at 11550, 11475
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 Krittika 3 rd Pada in Taurus to Pushyami 1 st Pada in Cancer.
- Sun transits from Bharani 3rd to 4th Pada in Pisces.
- Mercury transits in Ahswini 2nd to 4th Pada in Aries.
- Venus transits in Revathi 2nd to 4th in Pisces.
- Mars transits in Mrigasira 2nd to 3rd Pada in Taurus.
- Saturn in Retrograde Motion, moves in Poorvashadha 4th Pada in Sagittarius in Scorpio Navamsa.
- Jupiter, in Retrograde Motion, moves in Jyeshta 4th Pada in Scorpio and trnsits in Pisces Navamsa.
- Rahu transits in Punarvasu 3 rd Pada in Gemini and Ketu transits in Uttarashadha 1st Pada in Sagittarius
------------------------------
Forenoon Better (for Monday)
Tithi : Vaisakha Sukla Vidiya
Nakshatra : Krittika
Persons born in Ardra, Swathi, Satabhisham and in Gemini, Libra are advised to be alert in their dealings.
NIFTY : 11,641.80 (-84.35)
Sensitive/Trend change Timings : 10.34
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain So till about 1.30 PM and remain Steady thereafter till about end of the day.
Astro Technical Trading Strategy for the day...
If Nifty fut trades trades above ATP by about 9.30 AM Long Positions can be taken with suitable SL and Such positions can be closed by about 1.30 PM.
Technical Levels...
Resistance : 11745,11780 Supports : 11670,11635
------------------------------
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..
No comments:
Post a Comment