Bearish if it close below 11850
for the week between December 2-6, 2019
NIFTY : 12056 (+142)
Nifty traded in a Range of 12159 to 11920 points during last
week and
closed nearer to the High of the range at 12056 with a big gain of 142 Points. It made a Positive close.
- From Tuesday to Friday (December 3 to 6), Nifty transits between Aquarius-Pisces and form a range. It would be base for the next three 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 11964, 11638, 11411,11437 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 Bearish if it closes below 11850.
Technical Levesl...
Breakout level : 12275 Breakdown level : 11850
Bullish above 12130 with Resistance at 12205, 12280
Bearish below 11980 with Supports at 11905, 11830
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 Shravanam Pada 4 in Capricorn to Uttarabhadra Pada 3 in Pisces.
- Sun transits from Anuradha Pada 4 to Jyestha Pada 1 in Scorpio.
- Mercury transits in Visakha Pada 2 to 4 in Scorpio.
- Venus transits in Poorvashadha Pada 1 to 2 in Sagittarius.
- Mars transits in Swathi Pada 3 to 4 in Libra.
- Saturn transits in Poorvashadha Pada 4 in Sagittarius in Scorpio Navamsa.
- Jupiter moves in Moola Pada 3 to 4 in Sagittarius and moves in Gemini Navamsa.
- Rahu transits in Aardra Pada 3 in Gemini and Ketu transits in Poorvashadha Pada 1 in Sagittarius.
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Closing Session Better (for Monday)
Tithi : Margasira Sukla Shasthi
Nakshatra : Shravanam
Mrigasira,
Punarvasu, Visakha, Poorvabhadra and in Aquarius, Gemini are advised to be alert in their dealings.
NIFTY : 12056.05 (-95.10)
Sensitive/Trend change Timings : 11.40
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Steady and ramain so upto 12.30 PM. Later it may remain Subdued upto 2.05 PM and there after it could be remain Better till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty futures trades trades below ATP by 12.30 Short Positions can be taken with suitable Stoploss and they can be closed by 2 PM. If it is above ATP after that, Long Positions can be taken and they can be closed by the end of the day.
Technical Levels for the Day...
Resistance : 12095, 12130 Supports : 12015, 11975
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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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