Bullish if it close above 12450
for the week between January 6-10, 2020
NIFTY : 12227 (-19)
Nifty traded in a Range of 12152 to 12290 points during last
week and
closed nearer to the Higher end of the range at 12227 with a loss of 19 Points and made a negative Weekly Close.
- During new Astorlogical Month, in the week between December 30th to January 03 Nifty moved between 11290-12152.. 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 12131, 12006, 11579,11587 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 12000.
Technical Levesl...
Breakout level : 12450 Breakdown level : 12000
Bullish above 12300 with Resistance at 12375, 12450
Bearish below 12150 with Supports at 12075, 12000
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.
------------------------------
Planetary Position...
- Moon would be transiting from Bharani Pada 4 in Aries to Punarvasu Pada 1 in Gemini.
- Sun transits from Poorvashadga Pada 3 to 4 in Sagittarius.
- Mercury transits in Poorvashadha Pada 2-4 in Sagittarius.
- Venus transits in Dhanista Pada 1 in Capricorn to Dhanista Pada 3 in Aquarius.
- Mars transits in Anuradha Pada 2-3 in Scorpio.
- Saturn transits in Uttarashadha Pada 1 in Sagittarius in
Sagittarius Navamsa.
- Jupiter moves in Poorvashadha Pada 1 in Sagittarius in Leo Navamsa.
- Rahu transits in Aardra Pada 3 in Gemini and Ketu transits in Poorvashadha Pada 1 in Sagittarius.
------------------------------
First Half Better (for Monday)
Tithi : Pushya Sukla Ekadasi
Nakshatra : Bharani/Krittika
Alert : Ardra, Swathi, Satabhisham and in Gemini, Libra are advised to be alert in their dealings.
NIFTY : 12226.65 (-55.55)
Sensitive/Trend change Timings : 2.13
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Better and remain so till 1.35 PM. It would remain Subdued thereafter till 3.25 PM.
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 such positions can be closed by 1.30 PM. If it trades below ATP by 1.45 PM, Short Positions can be taken they have to be closed by the end of the day.
Technical Levels for the Day...
Resistance : 12265, 12300 Supports : 12185, 12150
------------------------------
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
No comments:
Post a Comment