ASTRO TECHNICAL GUIDE FOR NIFTY

Bullish above 12150 

for the week between November 4-8, 2019

NIFTY :  11890  (+307)    

Nifty traded in a  range of 11918 to 11605 points during last week and  closed nearer to the High of the range at 11890 with a gain of 307 Points. It made a Positive weekly close after 1 week of loss. 

- During this Week, between Wednesday to Friday Nifty transits between Aquarius-Pisces and form a Rang. This would be the base for the coming 3 Weeks.    

- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11517, 11256, 11384,11328 respectively and they would act as Supports and Resistances.        

- Nifty is again above all the DMA's. 50 DMA is below 200 DMA (Death Cross) suggesting that the Long term outlook has been bearish. Short Term would be Bullish if it closes above 12150.

Technical Levesl...

Breakout level : 12150       Breakdown level : 11650

Bullish above  11965 with Resistance at 12040, 12115, 12190

Bearish below  11815  with Supports at 11740, 11665, 11590

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 Shravana Pada 1 in Capricorn to Uttarabhadra Pada 1 in Pisces. 

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

- Mercury in Retrograde Position transits in Visakha Pada 4 Scorpio.   

- Venus  transits in Anuradha Pada 2 to 3 in Scorpio.       

- Mars transits in Chitta Pada 1 to 2 in Virgo. 

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

- Jupiter moves in Jyeshta Pada 4 in Scorpio to Moola Pada 1 in Sagittarius and transits to Aries Navamsa.   

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

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Opening Session Better (for Monday)

Tithi : Kartika Sukla Ashtami

Nakshatra : Shravanam 

Persons born in   Punarvasu, Visakha, Poorvabhadra and in Aquarius, Gemin   are advised to be alert in their dealings.   

Sensitive/Trend change Timings :  2.03

Likely Intraday Trend... 

On the basis of planetary position and aspects amongst planets, Market is expected Open Better and ramain so upto 12 Noon. Later it may remain  Subdued/Steady upto 1.55 PM afterwards it may trade Subdued till the end of the day.

 Better till the end.

Astro Technical Trading Strategy for the day...

If Nifty futures trades trades above ATP by 9.30 AM Long Positions can be taken with suitable stoploss and they can closed by 12 Noon. Later if it comes below ATP Short Positions can be taken and should be closed at the end of the day. 

Technical Levels for the Day...

Resistance :  11930, 11965      Supports :  11850, 11815