Current Week Decisive, Trade with Huge Variation
for the week between 20-24 May, 2019
NIFTY : 11,407 (+128)
Nifty traded in a range of 11108 to 11426 during last week and closed nearer to the High of the week's range at 11407 with a Profit of 128 Points and made a Positive weekly close.
- During the week, Nifty transited between Aquarius and Pisces Sign in Poorvabhadra and Revati constellations and it had made a range of 11255-11701. Current Week would be quite Decisive and would trade with huge variation as Monday and Thursday would be quite decisive with Exit Poll Outcome and Voting Result Outcome and the result could be Positive.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11542, 11462, 11143, 11040 respectively and they would act as Supports and Resistances.
- Nifty continues to trade below 20, 50 DMAs. But came 50 DMA is still above 200 DMA (Golden Cross) suggesting that the Long term outlook is Bullish. Short Term would become Bullish if it closes above 11700 by the Weekend.
Technical Levesl...
Breakout level : 11700 Breakdown level : 11225
Bullish above 11475 with Resistance at 11550, 11625, 11700
Bearish below 11325 with Supports at 11250, 11175
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 Jyesta 2nd Pada in Scorpio to Sravana 2 nd Pada in Capricorn
- Sun transits from Krittika 3rd to 4th Pada in Taurus.
- Mercury transits in Krittika 2nd Pada to Rohini 1st Pada in Taurus.
- Venus transits in Ashwini 4th Pada to Bharani 2nd Pada in Aries.
- Mars transits in Aardra 1st to 3rd Pada in Gemini.
- 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 2nd Pada in Gemini and Ketu transits in Poorvashadha 4th Pada in Sagittarius
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Generally Better (for Monday)
Tithi : Vaisakha Bahula Vidiya
Nakshatra : Jyeshta
Persons born in Krithika, Uttara, Uttarashadha and in Saggitarius, Aeries are advised to be alert in their dealings.
NIFTY : 11,257.10 (+100.10)
Sensitive/Trend change Timings : 2.12
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain So till about 1.30PM 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.
Resistance : 11450,11490 Supports : 11365,11330
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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.
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
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