Bullish if it crosses the high by Wednesday
for the week between 22-26 July, 2019
NIFTY : 11,419 (-134)
Nifty traded in a range of 11707 to 11399 during last week and closed nearer to the Low of the week's range at 11419 with a loss of 134 Points and made a Negative weekly close. This is second week to close negatively.
- During July 01-03, Nifty transited between Aqarius and Pisces and formed a range of 11872 to 11651 and formed a base for the next 3 Weeks. Bullish above High and Bearish below Low of this range. Last friday It has went down upto 11399. The range which would be formed next Monday to Wednesday wil make a range for next 3 weeks.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11706, 11726, 11534, 11064 respectively and they would act as Supports and Resistances.
- Nifty presently came below 20, 50, 100 DMAs. As 50 DMA is above 200 DMA (Golden Cross) suggesting that the Long term outlook is Bullish. Short and Mid Terms are Bearish and Bullish in Long terms only. It would become Bullish if it closes above 11650 by the weekend.
Technical Levesl...
Breakout level : 11650 Breakdown level : 11250
Bullish above 11500 with Resistance at 11575, 11650
Bearish below 11350 with Supports at 11275, 11200
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 Poorvabhadra Pada 4 in Pisces to Bharani Pada 4 in Cancer.
- Sun transits from Pushyami 1st to 2nd Pada in Cancer.
- Mercury in retrograde position, transits in Pushyami Pada 1 in Cancer to Punarvasu Pada 4 in Gemini.
- Venus transits in Punarvasu Pada 3 in Gemini to Pushyami Pada 1 in Cancer
- Mars transits in Aslesha Pada 1st to 2nd 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 in Gemini and Ketu transits in Poorvashadha 4th Pada in Sagittarius.
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for JUly 22, 2019
Second 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. Second Half Better (for Monday)
Tithi : Aashadha Bahula Panchami
Nakshatra : Poorvabhadra/Uttarabhadra
Bharani, Pubba, Poorvashadha and in Aries, Leo are advised to be alert in their dealings.
NIFTY : 11596.90 (-90.60)
Sensitive/Trend change Timings : 10.22
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady from 9.30 AM and remain So thereafter till about 10.30 AM and remain Subdued till about 12.55 PM and remain Better thereafter till about 3.05 PM and remain Subdued till about end of the day.
Astro Technical Trading Strategy for the day...
If Nifty fut trades trades below ATP by about 10.30 AM, Short Positions can be taken with suitable SL and Such positions can be closed by about 12.30 PM. If Nifty Fut trades above ATP by about 1.00 PM Better Positions can be taken with suitable SL and such Positions can be closed by about 3.00 PM of the day.
Resistance : 11460,11495 Supports : 11360,11345
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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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