Bullish if it close above 12150
for the week between December 9-13, 2019
NIFTY : 11922 (-135.00)
Nifty traded in a Range of 12137 to 11889 points during last
week and
closed nearer to the Low of the range at 11922 with a big loss of 135 Points and closed in Negative mode.
- From Tuesday to Friday (December 3 to 6), Nifty transited between Aquarius-Pisces and formed a range of 12069-11889. Last it made Lower High and Lower Low. This Range 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 11979, 11734, 11425,11463 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 12150.
Technical Levesl...
Breakout level : 12150 Breakdown level : 11700
Bullish above 12000 with Resistance at 12075, 12150
Bearish below 11850 with Supports at 11775, 11700
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 Bharani Pada 1 in Aeries to Aadra Pada 2 in Gemini.
- Sun transits from Jyestha Pada 2 to 4 in Scorpio.
- Mercury transits in Anuradha Pada 1 to 3 in Scorpio.
- Venus transits in Poorvashadha Pada 3 to Uttarashadha Pada 1 in Sagittarius.
- Mars transits in Swathi Pada 4 to Visakha Pada 1 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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Forenoon Better (for Monday)
Tithi : Margasira Sukla Trayodasi
Nakshatra : Bharani
Alert : Mrigasira, Chitta, Dhanista and in Taurus, Virgo are advised to be alert in their dealings.
NIFTY : 12018.40 (-24.80)
Sensitive/Trend change Timings : 9.32
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Steady/Better and ramain so upto 9.30 AM. Later it may remain Better upto 1.30 PM. After that it may again trade Steady/Subdued mode 3.15 PM and again it may trade Better in the the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty Futures is above ATP by 10 AM Long Positions can be taken with suitable Stoploss and they have to be closed by 1.30 PM.
Technical Levels for the Day...
Resistance : 11965, 12000 Supports : 11885, 11850
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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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