Bullish if close above 11555 by weekend
for the week between OCTOBER 07-11, 2019
NIFTY : 11175 (-338)
Nifty traded in a range of 11158 to 10554 during last
week and
closed nearer to the Low of the range at 11175 with a loss of 338 Points and made a Negative weekly close.
- During the Last Week, Nifty transited between Aquarius-Pisces and formed a Range of 11084-10946. This would be the base for the coming 3 Weeks.
Short Term Trend is Neutral. It would become Bullish if it closes above Last Week's High of 11555 by the weekend.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11178, 11092, 11405,11262 respectivel
- Nifty presently above many of the DMAs except 50 DMA. 50 DMA came below 200 DMA (Death Cross) suggesting that the Long term outlook has been bearish.
Technical Levesl...
Breakout level : 11400 Breakdown level : 11100
Bullish above 11250 with Resistance at 11325, 11400, 11475, 11550
Bearish below 11100 with Supports at 11025, 10950
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 Capricorn to Poorvabhadra Pada 2 in Acquarius.
- Sun transits from Hasta Pada 3 in Virgo to Chitta Pada 1 in Virgo.
- Mercury transits in Swathi Pada 2-4 in Libra.
- Venus transits in Chitha Pada 4 to Swathi Pada 1 in Libra.
- Mars transits in Uttara Pada 4 to Hasta Pada 1 in Virgo.
- Saturn transits in Poorvashadha Pada 3 in Sagittarius in Libra Navamsa.
- Jupiter moves in Jyeshta Pada 2 in Scorpio and transits to Acquarius Navamsa.
- Rahu transits in Aardra Pada 4 in Gemini and Ketu transits in Poorvashadha Pada 2 in Sagittarius.
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First Half 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 : Aswayuja Sukla Navami
Nakshatra : Uttarashadha
Persons born in
Aslesha , Jyeshta, Revati and in Aquarius, Gemini are advised to be alert in their dealings.
NIFTY : 11174.75 (-139.25)
Sensitive/Trend change Timings : 10.44
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Subdued and remain so upto 10 AM and remain Better thereafter upto 2.15 PM and later subdued later till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty futires trades trades above than ATP by 10.15 AM, Long Positions can be taken with suitable SL and can be taken with suitable SL and Such positions can be closed by about 2.15 PM. After 2.30 PM if it comes below ATP short Positions can be taken and they can closed by the end of the day.
Technical Levels for the Day...
Resistance : 11215, 11250 Supports : 11135, 11100
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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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