Bearish Below 10800 by the weekend
for the week between 03 to 06 SEPTEMBER, 2019
NIFTY : 11023 (+194)
Nifty traded in a range of 11142 to 10757 during last week and closed nearer to the middle of the range at 11023 with a gain of 194 Points and made a Positive weekly close. As Finance Minister announcing the measures for boosting the Economy on the week end day Market gone up despite last week of the Month.
- During the last Week, Nifty transited in Aquarius to Pisces and formed a Range of 10924 to 11147 and formed a base for the next Three Weeks. During the current week, it has moved between 11142 to 10757 and reached upside target.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 10977, 11342, 11512,11210 respectivel
- Nifty presently above 20 DMA and below the all 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 Bearish if it closes above 10850 by the weekend.
Technical Levesl...
Breakout level : 11250 Breakdown level : 10800
Bullish above 11100 with Resistance at 11175, 11250
Bearish below 10950 with Supports at 10875, 10800
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 Aardra Pada 1 in Libra to Jyestha Pada 2 in Scorpio.
- Sun transits from Pubba Pada 1 to Pada 2 in Leo.
- Mercury transits in Pubba Pada 1 to Pada 3 in Leo.
- Venus transits in Pubba Pada 3 to Pada 4 in Leo.
- Mars transits in Pubba Pada 1 to Pada 2 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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Mid Session Subdued (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 : Bhadrapada Sukla Panchami
Nakshatra : Swathi
Persons born in Aslesha, Jyeshta, Revati and in Scorpio, Pisces are advised to be alert in their dealings.
NIFTY : 11023.00 ()
Sensitive/Trend change Timings : 11.55
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Subdued and remain so till 12.10 PM and could remain Subdued thereafter till 2.25 PM and likely to be Steady till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty fut trades trades below ATP by 12.15 PM, Short Positions can be taken with suitable SL and such Positions can be closed by 2.15 PM.
Technical Levels for the Day...
Resistance : 11065,11100 Supports : 10980, 10935
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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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