Bearish if it close below 12025
for the week between December 30, 2019 - January 3 2020
NIFTY : 12246 (-26)
Nifty traded in a Range of 12119 to 12287 points during last
week and
closed nearer to the Higher end of the range at 12246 with a loss of 26 Points and made a negative Weekly Close.
- During next week between Monday to Friday new Astorlogical Month starts. 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 12192, 11942, 11558,11556 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 12025.
Technical Levesl...
Breakout level : 12475 Breakdown level : 12025
Bullish above 12325 with Resistance at 12400, 12475
Bearish below 12175 with Supports at 12100, 12025
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 Dhanista Pada 2 in Capricorn to Revathi Pada 2 in Pisces.
- Sun transits from Poorvashadha Pada 1 to 2 in Sagittarius.
- Mercury transits in Moola Pada 3 to Poorvashadha Pada 1 in Sagittarius.
- Venus transits in Shravana Pada 3 to 4 in Capricorn.
- Mars transits in Visakha Pada 4 to Anuradha Pada 1 in Scorpio.
- Saturn transits in Uttarashadha Pada 1 in Sagittarius in
Sagittarius 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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Second Half Week (for Monday)
Tithi : Pushya Sukla Chaturdhi
Nakshatra : Dhanista
Alert :
Pushyami, Anuradha, Uttarabhadra and in Pisces, Cancer are advised to be alert in their dealings.
NIFTY : 12245.80 (+119.25)
Sensitive/Trend change Timings : 9.32
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Steady and remain so till 11.15 AM. It would remain Subdued thereafter till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty Futures is below ATP by 12.45 PM
Short Positions can be taken with suitable Stoploss and such positions can be closed by 3.15 PM.
Technical Levels for the Day...
Resistance : 12285, 12320 Supports : 12205, 12170
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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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