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