Bullish if close above 11525 by weekend
for the week between OCTOBER 14-18, 2019
NIFTY : 11305 (+130)
Nifty traded in a range of 11090 to 10363 during last
week and
closed nearer to the High of the range at 11305 with a gain of 130 Points and made a Positive weekly close.
- During the Next Week, Nifty transits between Aquarius-Pisces and form a Range. This would be the base for the coming 3 Weeks.
Short Term would be bearish if it closes below 11100.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11200, 11100, 11400,11270 respectivel
- Nifty presently below 100 DMA and is above all other DMA's. 50 DMA came below 200 DMA (Death Cross) suggesting that the Long term outlook has been bearish.
Technical Levesl...
Breakout level : 11525 Breakdown level : 11100
Bullish above 11380 with Resistance at 11455, 11530
Bearish below 11225 with Supports at 11150, 11075
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 4 in Pisces to Rohini Pada 4 in Taurus.
- Sun transits from Chitta Pada 1-3 in Libra.
- Mercury transits in Visakha Pada 1-3 in Libra.
- Venus transits in Swathi Pada 2-4 in Libra.
- Mars transits in Hasta Pada 1-2 in Virgo.
- Saturn transits in Poorvashadha Pada 3 in Sagittarius in Libra Navamsa.
- Jupiter moves in Jyeshta Pada 3-4 in Scorpio and transits to Pisces Navamsa.
- Rahu transits in Aardra Pada 4 in Gemini and Ketu transits in Poorvashadha Pada 2 in Sagittarius.
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Generally Subdued (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 Krishna Padyami
Nakshatra : Ashwini
Persons born in
Rohini, Hasta, Shravanam and in Taurus, Virgo are advised to be alert in their dealings.
NIFTY : 11126.40 (-43.35)
Sensitive/Trend change Timings : 10.18
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open subdued and ramain so in most part 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 3 PM.
Technical Levels for the Day...
Resistance : 11345, 11380 Supports : 11265, 11230
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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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