Bearish if close below 11675
for the week between November 18-22, 2019
NIFTY : 11895 (-13)
Nifty traded in a Narrow Range of 11974 to 11803 points during last
week and
closed nearer to the Middle of the range at 11895 with a nominal loss of 13 Points. It made a Negative close after 2 weeks of gains.
- Between Nov 6 to 8, Nifty transited between Aquarius-Pisces and it formed a range of 11850-12034. This would be the base for the 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 11795, 11427, 11391,11327 respectivel
- Nifty is presently above all the DMA's. 50 DMA is again came above 200 DMA (Golden Cross) suggesting that the Long term outlook has been Bullish. Short Term would be Bearish if it closes below 11675.
Technical Levesl...
Breakout level : 11975 Breakdown level : 11675
Bullish above 11985 with Resistance at 12050, 12125
Bearish below 11825 with Supports at 11750, 11675
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 2 in Cancer to Uttara Pada 2 in Virgo.
- Sun transits from Punarvasu Pada 4 to Pushyami Pada 1 in Scorpio.
- Mercury in Retrograde Position transits in Swathi Pada 4 in Libra.
- Venus transits in Jyeshta Pada 3 in Scorpio to Moola Pada 1 Sagittarius.
- Mars transits in Chitta Pada 4 to Swathi Pada 1 in Libra.
- Saturn transits in Poorvashadha Pada 3 in Sagittarius in Libra Navamsa.
- Jupiter moves in Moola Pada 1 in Sagittarius and moves in Taurus Navamsa.
- Rahu transits in Aardra Pada 4 in Gemini and Ketu transits in Poorvashadha Pada 1 in Sagittarius.
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Volatile Movements (for Monday)
Tithi : Kartika Bahula Shasthi
Nakshatra : Pushyami
Persons born in
Mrigasira, Chitta, Dhanista and in Leo, Saggitarius are advised to be alert in their dealings.
NIFTY : 11895.45 (-23.35)
Sensitive/Trend change Timings : 10.40
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Steady and ramain so upto 11.40 AM. Later it may remain Subdued upto 1.25 PM. After it may remain Better till 3 PM and later it may remain Steady.
Astro Technical Trading Strategy for the day...
If Nifty futures trades trades below ATP by 11.45 AM Short Positions can be taken with suitable stoploss and they can be closed by 1.20 PM. After 1.30 PM if it comes above ATP Long Positions can be taken be closed by 3PM.
Technical Levels for the Day...
Resistance : 11935, 11970 Supports : 11855, 11820
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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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