SAMVAT 2075 ENDED IN GAINS

The 30-share BSE Sensex and The Broader NSE Nifty Hindu calendar year Samvat 2075 with smart gains. The Sensex rallied 4,066.15 points or 11.62 per cent, while the Nifty soared 1,053.90 points or 10 per cent in Samvat 2075. On the last day of the Samvat 2075 ie. Friday domestic equity benchmarks eked out modest gains after a see-saw session as investors stuck to select banking and IT stocks following encouraging results. Sensex swung over 523 points before settling 37.67 points (0.10%) higher at 39,058.06. The broader NSE Nifty closed at 11,583.90 up by just 1.30 points. During the holiday-shortened week, the Sensex lost 240.32 points or 0.61 per cent, and the Nifty slipped 77.95 points or 0.66 per cent. "For the start of Samvat 2076, the stock market scene is more uncertain than it was in the last few years. I expect the market to be a lot more volatile in Samvat 2076 and that will filter out weaker and fragile businesses from the market," said Romesh Tiwari, Head of Research, CapitalAim.

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Bullish if close above 11850 by weekend

for the week between OCTOBER 22-25, 2019

NIFTY :  11662  (+357)    

Nifty traded in a  range of 11290 to 11662 points during last week and  closed nearer to the High of the range at 11662 with a gain of 357 Points. It made a Positive weekly close. Market would be closed on Monday on account of Maharashtra Assembly Elections.

- During the Last Week, Nifty transited between Aquarius-Poorvabhadra and formed a Range of 11090-11363. This would be the base for the coming 3 Weeks. Since the highest of the range is already crossed it became Bullish. Short Term would be Bullish if it closes above 11850.   

- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11374, 11174, 11403,11287 respectively and they would act as Supports and Resistances.        

- Nifty is presently above all the DMA's. 50 DMA is below 200 DMA (Death Cross) suggesting that the Long term outlook has been bearish.

Technical Levesl...

Breakout level : 11850       Breakdown level : 11450

Bullish above  11735 with Resistance at 11810, 11885

Bearish below  11590  with Supports at 11515, 11465

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.

----------------------------------------------------------  

Planetary Position... 

- Moon would be transiting from Pushyami Pada 3 in Cancer to Uttara Pada 1 in Virgo. 

- Sun transits from Chitta Pada 4 to Swathi 1 in Libra.  

- Mercury transits in Visakha Pada 1 in Libra to Visakha Pada 4 Scorpio.   

- Venus  transits in Visakha Pada 1-2 in Libra.       

- Mars transits in Hasta Pada 3 in Virgo. 

- Saturn transits in Poorvashadha Pada 3 in Sagittarius in Libra Navamsa. 

- Jupiter moves in Jyeshta Pada 4 in Scorpio and transits to Pisces Navamsa.   

- Rahu transits in Aardra Pada 4 in Gemini and Ketu transits in Poorvashadha Pada 2 in Sagittarius.

----------------------------------------------------------   

Opening Session Subdued (for Tuesday)
Tithi : Aswayuja Krishna Navami

Nakshatra : Pushyami

Persons born in Bharani, Pubba, Poorvashadha  and in Leo, Sagittarius  are advised to be alert in their dealings.   

NIFTY : 11586.35    (+122.35)  

Sensitive/Trend change Timings :  10.53

Likely Intraday Trend... 

On the basis of planetary position and aspects amongst planets, Market is expected Open Subdued and ramain so upto 3 PM and later it may remain Better till the end of the day.

Astro Technical Trading Strategy for the day...

If Nifty futures trades trades below ATP by 9.30 AM Short Positions can be taken and they can closed by 2.45 PM. After 3 PM if it comes above ATP Long Positions can be taken and they can be closed by the end of the day. 

Technical Levels for the Day...

Resistance :  11700, 11740      Supports :  11620, 11585

----------------------------------------------------------

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.

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. 

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