Bullish if it close above 12300
for the week between December 16-20, 2019
NIFTY : 12087 (+165.00)
Nifty traded in a Range of 12099 to 11832 points during last
week and
closed nearer to the High of the range at 12087 with a big gain of 165 Points and closed in Positive mode.
- Between December 3 to 6 Nifty transited between Aquarius-Pisces and formed a range of 12069-11889. During Lasst week it regained the base to 12087. It would be Bullish if it cross High of the Range and it would be Bearish if fall below the Low of the Range.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 11996, 11778, 11443,11492 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 12300.
Technical Levesl...
Breakout level : 12300 Breakdown level : 11850
Bullish above 12150 with Resistance at 12225, 12300
Bearish below 12000 with Supports at 11925, 11850
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 Aslesha Pada 1 in Cancer to Hasta Pada 3 in Virgo.
- Sun transits from Jyestha Pada 4 in Scorpio to Moola Pada 2 in Sagittarius..
- Mercury transits in Anuradha Pada 4 to Aslesha Pada 2 in Scorpio.
- Venus transits in Uttarashadha Pada 2-3 in Capricorn.
- Mars transits in Visakha Pada 1-2 in Libra.
- Saturn transits in Poorvashadha Pada 4 in Sagittarius in Scorpio Navamsa.
- Jupiter moves in Moola Pada 3 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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Generally Better (for Monday)
Tithi : Margasira Bahua Vidiya
Nakshatra : Aslesha
Alert :
Krittika, Uttara, Uttarashadha and in Leo, Sagittarius are advised to be alert in their dealings.
Sensitive/Trend change Timings : 9.41
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Better and remain so till 12.50 PM. Later it would remain Steady upto 2.25 PM and later it may trade Better til the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty Futures is above ATP by 9.30 AM Long Positions can be taken with suitable Stoploss and they should be closed by 12.45 PM. If it continues above ATP by 2.30 PM some more Long Positions can be taken and they have to be closed by the end of the day.
Technical Levels for the Day...
Resistance : 12130, 12165 Supports : 12045, 12105
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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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