Bullish above11350 by the weekend
for the week between 13th to 16th August, 2019
NIFTY : 11,110 (+113)
Nifty traded in a range of 11181 to 10783 during last week and closed nearer to the High of the week's range at 11110 with a gain of 113 Points and made a Positive weekly close. This is first week of gain after a loss of 4 weeks. This is a short week of two holidays.
- During last week between Monday to Wednesday (July 26-27), Nifty transited in Pisces and formed a range of 11398 to 11230 and made a base for coming 3 weeks. Bullish above High and Bearish below Low of this range.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11231, 11574, 11583,11167 respectivel
- Nifty presently came below all the DMAs. Still 50 DMA is above 200 DMA (Golden Cross) suggesting that the Long term outlook is Bullish. Nifty is Bearish in all three outlooks ie., Middle Term, Short Term are Bearish and Long Term is Bullish. It would become Bullish if it closes above 11350 by the weekend.
Technical Levesl...
Breakout level : 11350 Breakdown level : 10850
Bullish above 11190 with Resistance at 11260, 11325
Bearish below 11035 with Supports at 10950, 10875
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 1 in Sagittarius to Satabhisham Pada 1 in Aquarius.
- Sun transits from Ashlesha Pada 3 to Pada 4 in Cancer.
- Mercury transits in Pushyami Pada 2 to Pada 3 in Cancer.
- Venus transits in Aslesha Pada 2 to Pada 4 in Cancer.
- Mars transits in Makha Pada 1 to Pada 2 in Cancer.
- 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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Generally Better (for Tuesday)
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 : Sravana Sukla Trayodasi
Nakshatra : Uttarashadha
Persons born in Aardra, Swati, Satabhisham and in Capricorn, Taurus are advised to be alert in their dealings.
Sensitive/Trend change Timings : 9.24
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to Open Subdued and ramain so till about 9.35 AM and Better thereafter till about 2.05 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 9.45 AM, Long Positions can be taken with suitable SL and Such positions can be closed by about 1.45PM.
Resistance : 11150,11185 Supports : 11070, 11035
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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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