Bearish Below 11750 by weekend
for the week between 03-07 June, 2019
NIFTY : 11,923 (+79)
Nifty traded
in a range of 12039 to 11812 during last
week and
closed nearer to the Middle of the week's range at 11923 with a gain of 79 Points and made a Positive weekly close for the Third Consecutive Week.
- During the week, Nifty would transit in Aquarius and Pisces Sign between Satabhisham
to Revati constellations and formed a range of 11959 and 11812 and on the last day it crossed the High 12039 . If it crosses again 12041, it would be Bullish.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about
11759, 11603, 11246, 11070 respectively and they would act as Supports and Resistances.
- Nifty is above all DMAs. As 50 DMA is above 200 DMA (Golden Cross) suggesting that the Long term outlook is Bullish. Short Term would become Bearish if it closes below 11700 by the Weekend.
Technical Levesl...
Breakout level : 12050 Breakdown level : 11700
Bullish above 12000 with Resistance at 12075, 12150
Bearish below 11850 with Supports at 11775, 11700, 11625
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 Rohini 2 nd Pada in Taurus to Pushyami 4 th Pada in Cancer.
- Sun transits from Rohini 3rd and 4th Pada in Taurus.
- Mercury transits in Mrigasira 3rd to Aardra 2nd Pada in Gemini.
- Venus transits in Krittika 3rd to 4th Pada in Taurus.
- Mars transits in Aardra 4th to Punarvasu 1st Pada in Gemini.
- Saturn in Retrograde Motion, moves in Poorvashadha 4th Pada in Sagittarius in Scorpio Navamsa.
- Jupiter, in Retrograde Motion, moves in Jyeshta 3rd Pada in Scorpio and transits in Aquarius Navamsa.
- Rahu transits in Punarvasu 2nd Pada in Gemini and Ketu transits in Poorvashadha 4th Pada in Sagittarius
------------------------------
Forenoon Better (for Monday)
Tithi : Vaisakha Bahula Amavasya
Nakshatra : Rohini
Persons born in
Punarvasu, Visakha, Poorvabhadra and in Gemini, Libra are advised to be alert in their dealings.
NIFTY : 11,945.90 (+84.80)
Sensitive/Trend change Timings : 12.24
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Better and remain So thereafter till about 1.25 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 1.15 PM.
Resistance : 11965,12005 Supports : 11885,11845
------------------------------
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..
- Bhuvanagiri Amarnadh Sastry, Astro Technical Analyst
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