Bullish if it close above 12500
for the week between December 23-27, 2019
NIFTY : 12272 (+185)
Nifty traded in a Range of 12046 to 12294 points during last
week and
closed nearer to the High of the range at 12272 with a big gain of 185 Points and closed in Positive mode.
- Between December 3 to 6 Nifty transited between Aquarius-Pisces and formed a range of 12069-11889. It would be Bullish if it cross High of the Range and it would be Bearish if fall below the Low of the Range. Current week would be decissive as it has moved Higher than the above Range and became Bullish.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 12059, 11826, 11479,11529 respectivel
- Nifty is presently above all the DMA's. 50 DMA is above 200 DMA (Golden Cross) suggesting that the Long term outlook has been Bullish. Short Term would be Bullish if it closes above 12500.
Technical Levesl...
Breakout level : 12500 Breakdown level : 12050
Bullish above 12350 with Resistance at 12425, 12500
Bearish below 12200 with Supports at 12125, 12050
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 Visakha Pada 1 in Libra to Poorvashadga Pada 1 in
Sagittarius.
- Sun transits from Moola Pada 2 to 3 in Sagittarius.
- Mercury transits in Aslesha Pada 2 in Scorpio to Moola Pada 1 Sagittarius.
- Venus transits in Uttarashadha Pada 4 in Capricorn to Hasta Pada 1 in Libra.
- Mars transits in Visakha Pada 3 in Libra to Pada 4 in Scorpio.
- Saturn transits in Poorvashadha Pada 4 to Uttarashadha Pada 1 in Sagittarius in Scorpio Navamsa.
- Jupiter moves in Moola Pada 4 in Sagittarius and moves in Cancer Navamsa.
- Rahu transits in Aardra Pada 3 in Gemini and Ketu transits in Poorvashadha Pada 1 in Sagittarius.
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Generally Better (for Monday)
Tithi : Margasira Bahua Dwadasi
Nakshatra : Visakha
Alert :
Ashwini, Makha, Moola and in Scorpio, Pisces are advised to be alert in their dealings.
NIFTY : 12271.80 (+12.10)
Sensitive/Trend change Timings : 11.51
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Subdued and remain so till 10.20 AM. It would remain Better thereafter till 12 Noon PM and later Steady upto 3.15 PM. Again it may trade Subdued til the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty Futures is below ATP by 10.30 AM Short Positions can be taken with suitable Stoploss and such positions can be closed by 12 Noon. If it trades above ATP by 1.30 PM Long Positions can be taken and such positions to be closed by 3.15 PM.
Technical Levels for the Day...
Resistance : 12310, 12345 Supports : 12230, 12195
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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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