Bullish above 11275 by the weekend
for the week between 19 to 23 August, 2019
NIFTY : 11,048 (-52)
Nifty traded in a range of 11078 to 10902 during last week and closed at 11048 with a loss of 52 Points and made a Negative weekly close. Market again entered into losses after one week of Gain.
- Upto next Tuesday Nifty transits in Pisces and form a range which would be reference range for the next 3 weeks. Bullish above High and Bearish below Low.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11134, 11513, 11569,11179 respectivel
- Nifty presently below all the DMAs. Still 50 DMA is above 200 DMA (Golden Cross) suggesting that the Long term outlook is Bullish. Nifty is Bearish Middle Term, Short Term. It would become Bullish if it closes above 11275 by the weekend.
Technical Levesl...
Breakout level : 11275 Breakdown level : 10825
Bullish above 11125 with Resistance at 11200, 11275
Bearish below 10975 with Supports at 10900, 10825
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 Uttarashadha Pada 3 in Pisces to Krittika Pada 3 in Taurus.
- Sun transits from Makha Pada 1 to Pada 2 in Leo.
- Mercury transits in Pushyami Pada 4 to Ashlesha Pada 3 in Cancer.
- Venus transits in Makha Pada 1 to Pada 3 in Leo.
- Mars transits in Makha Pada 2 to Pada 3 in Leo.
- Saturn in Retrograde Motion, moves in Poorvashadha Pada 3 in Sagittarius in Libra Navamsa.
- Jupiter moves in Jyeshta Pada 2 in Scorpio and transits to Capricorn Navamsa.
- Rahu transits in Punarvasu Pada 1 in Gemini and Ketu transits in Poorvashadha Pada 3 in Sagittarius.
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for AUGUST 18, 2019
Generally Subdued (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. Generally Subdued (for Monday)
Tithi : Sravana Bahula Chaviti
Nakshatra : Uttarabhadra
Persons born in Mrigasira, Chitta, Dhanista and in Aries, Leo are advised to be alert in their dealings.
Sensitive/Trend change Timings : 1.03
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Subdued and remain so till about 10.55 AM and remain Better thereafter till about 1.05 and remain Subdued thereafter till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty fut trades trades above ATP by 11.00 AM, Long Positions can be taken with suitable SL and Such positions can be closed by about 1.00 PM. If Nifty Fut trades Subdued by about 1.15 PM, Short Positions can be taken with suitable SL and such positions can be closed by about 3.15 PM.
Resistance : 11090,11125 Supports : 11005, 10970
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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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