ASTRO TECHNICAL GUIDE FOR NIFTY

Bullish above 12150 

for the week between November 12-16, 2019

NIFTY :  11908  (+18)    

Nifty traded in a wide range of 12034 to 11850 points during last week and  closed nearer to the Low of the range at 11908 with a nominal gain of 18 Points.

- During this Week, Nifty transited between Aquarius-Pisces from Wednesday to Friday and it formed a range of 11850-12034. This would be the base for the coming 3 Weeks. if it close above top it would be Bullish and below the low it would be Bearish. 

- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11657, 11360, 11387,11357 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. Short Term would be Bullish if it closes above 12150.

Technical Levesl...

Breakout level : 12150       Breakdown level : 11675

Bullish above  11985 with Resistance at 12060, 12135

Bearish below  11835  with Supports at 11760, 11685

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 Bharani Pada 3 in Aries to Mrigasira Pada 3 in Gemini. 

- Sun transits from Punarvasu Pada 2-3 in Libra.  

- Mercury in Retrograde Position transits in Visakha Pada 1- 2 in Libra.   

- Venus  transits in Jyeshta Pada 1-2  in Scorpio.       

- Mars transits in Chitta Pada 3 in Libra. 

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

- Jupiter moves in Moola Pada 1 in Sagittarius and transits in Aries Navamsa.   

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

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Mid Session Better (for Monday)

Tithi : Kartika Sukla Poornima

Nakshatra : Bharani

Persons born in Mrigasira, Chitta, Dhanista and in Taurus, Virgo   are advised to be alert in their dealings.   

Sensitive/Trend change Timings :  2.28

Likely Intraday Trend... 

On the basis of planetary position and aspects amongst planets, Market is expected Open Subdued and ramain so upto 11.45 AM. Later it may remain Better upto 1.40 PM. After it may remain steady upto 3.15 and later it may become better till the end.

Astro Technical Trading Strategy for the day...

If Nifty futures trades trades below ATP by 9.30 AM Short  Positions can be taken with suitable stoploss and they can closed by 11.45 AM. After 12 noon if it comes above  ATP Long Positions can be taken and they can be closed at 1.40 PM. 

Technical Levels for the Day...

Resistance :  11950, 11985      Supports :  11870, 11985