Bearish Below 11600
for the week between 08-12 July, 2019
NIFTY : 11,821 (+32)
Nifty traded in a range of 11982 to 11798 during last week and closed nearer to the Low of the week's range at 11821 with a gain of 32 Points and made a Positive weekly close for 2nd week in row.
- During Last Week, Nifty transited between Aqarius and Pisces from Monday to Wednesday (between dates 01-03) and formed a range of 11872 to 11651. It would from base for the next 3 Weeks. Bullish above High and Bearish below Low of this range. It has crossed the high on Friday till 11982 and is yet to meet the traget,
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11828, 11726, 11490, 11108 respectively and they would act as Supports and Resistances.
- Nifty presently below 20 DMA. As 50 DMA is above 200 DMA (Golden Cross) suggesting that the Long term outlook is Bullish. Short Term trend is marginally Bearish and Bullish in Medium and Long terms. It would become Bullish if it closes above 11950 by the weekend.
Technical Levesl...
Breakout level : 11950 Breakdown level : 11600
Bullish above 11900 with Resistance at 11975, 12050
Bearish below 11725 with Supports at 11650, 11575
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 Uttara Pada 3 in Virgo to Visakha Pada 3 in Scorpio.
- Sun transits from Aardra 1st to 2nd Pada in Gemini.
- Mercury in retrograde position, transits in Pushyami Pada 3 in Cancer to Pushyami Pada 2 in Gemini.
- Venus transits in Aardra Pada 2 to Pada 3 in Gemini.
- Mars transits in Pushyami Pada 2 to Pada 3 in Cancer.
- Saturn in Retrograde Motion, moves in Poorvashadha Pada 3 in Sagittarius in Libra Navamsa.
- Jupiter, in Retrograde Motion, moves in Jyeshta Pada 2 in Scorpio and transits to Capricorn Navamsa.
- Rahu transits in Punarvasu 2nd Pada in Gemini and Ketu transits in Poorvashadha 4th Pada in Sagittarius.
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First Half Better (for Monday)
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.
Tithi : Aashadha Sukla Saptami
Nakshatra : Uttara
Aardra, Swati, Satabhisham and in Virgo, Carpicorn are advised to be alert in their dealings.
NIFTY : 11946.75 (-)
Sensitive/Trend change Timings : 12.55
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Better from 9.30 AM and remain So thereafter till about 2.00 PM and remain Subdued 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 2.00 PM. If NiftyFut trades Subdued than ATP by about 2.15 PM Subdued Positions can be taken with suitable SL and such Positions can be closed by about end of the year .
Resistance : 11850,11885 Supports : 11770,11735
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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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