Bearish if it close below 12025
for the week between January 27-31, 2020
NIFTY : 12248 (-104)
Nifty traded in a Range of 12431 to 12088 points during last
week and
closed nearer to the Higher end of the range at 12248 with a loss of 104 Points and made a positive Weekly Close.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 12217, 12114, 11764,11645 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 Satabhisham Pada 1 in Acqiarius to Revati Pada 4 in Pisces.
- Sun transits from Shravana Pada 1-3 in Capricorn.
- Mercury transits in Dhanistha Pada 1 in Capricorn to Dhanistha Pada 3 in Acqiarius.
- Venus transits in Poorvabhadra Pada1-3 in Aquarius.
- Mars transits in Jyestha Pada 1-2 in Scorpio.
- Saturn transits in Uttarashadha Pada 2 in Capricorn and moves in Capricorn Navamsa.
- Jupiter moves in Poorvashadha Pada 2 in Sagittarius and moves in Virgo Navamsa.
- Rahu transits in Aardra Pada 2 in Gemini and Ketu transits in Moola Pada 4 in Sagittarius.
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Mid Session Better (for Monday)
Tithi : Magha Sukla Tadiya
Nakshatra : Satabhisham
Alert : Persons born in Aslesha, Jyestha, Revati and in Pisces, Cancer are advised to be alert in their dealings.
NIFTY : 12248.25 (+67.90)
Sensitive/Trend change Timings : 1.24
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Steady and remain so upto 9.45 AM. It would remain Subdued thereafter upto the 11.30 AM and later Better till 1.30 PM. After that it may remain Subdued till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty Futures is below ATP by 9.45 AM Short Positions can be taken with suitable Stoploss and such positions can be closed by 11.30 AM. If it comes above ATP by 11.45 AM Long Positions can be taken and they can be closed by 1.30 PM. If it trades below ATP by 1.45 PM Short Positions can be considered to close at 3.15 PM.
Technical Levels for the Day...
Resistance : 12290, 12325 Supports : 12210, 12175
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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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