Bearish Below 10850 by the weekend
for the week between 16 to 20 SEPTEMBER, 2019
NIFTY : 11076 (+130)
Nifty traded
in a range of 11084 to 10890 during last
week and
closed nearer to the High of the range at 11076 with a gain of 130 Points and made a Positive weekly close.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 10968, 11208, 11456,11223 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 Neutral. 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 : 10850
Bullish above 11150 with Resistance at 11225, 11300
Bearish below 11000 with Supports at 10925, 10850
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 Revathi Pada 2 in Pisces to Rohini Pada 1 in Taurus.
- Sun transits from Uttara Pada 1 in Leo to Uttara Pada 2 in Virgo.
- Mercury transits in Uttara Pada 1 in Virgo to Hasta Pada 2 in Virgo.
- Venus transits in Uttara Pada 4 in Virgo to Hasta Pada 1 in Virgo.
- Mars transits in
Pubba Pada 4 in Leo to Uttara Pada 1 in Leo.
- Saturn in Retrograde Motion, moves in Poorvashadha Pada 2 in Sagittarius in Virgo Navamsa.
- Jupiter moves in Jyeshta Pada 2 in Scorpio and transits to Capricorn Navamsa.
- Rahu transits in Aardra Pada 4 in Gemini and Ketu transits in Poorvashadha Pada 2 in Sagittarius.
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Generally 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 : Bhadrapada Bahula Tadiya
Nakshatra : Revathi
Persons born in
Aardra, Swati, Satabhisham and in Aries, Leo are advised to be alert in their dealings.
NIFTY : 11075.90 (+93.10)
Sensitive/Trend change Timings : 3.02
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Subdued and remain so upto 10.30 AM and remain Better till 2.55 PM and could remain Subdued thereafter till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty futires trades trades below ATP by 10.30 AM, Short Positions can be taken with suitable SL and Such positions can be closed by about 12 PM. After 12.15 PM, if Nifty Futures trades above ATP, Long Positions can be taken with suitable SL taken and such Positions can be closed by end of the 2.45 PM.
Technical Levels for the Day...
Resistance : 11120, 11155 Supports : 11035, 11000
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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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