Bullish if it close above 11900
for the week between January 27-31, 2020
NIFTY : 11662 (-586)
Nifty traded in a wide Range of 12217 to 11633 points during last
week and
closed nearer to the lowest of the range at 11662 with a big loss of 586 Points and made a Negative Weekly Close.
- in the just started new Astrological Month... during last Monday to Friday (Jan 27 to 31) it has made a range of 12217 and 11946. On saturday trade it came down heavily and reached the first target. It would be Bullish above High of the range and Bearish if it trades below Low of the range.
- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 12161 12126, 11819,11653 resp
- Nifty is presently below all the DMA's except 200 DMA. 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 11900.
Technical Levesl...
Breakout level : 11900 Breakdown level : 11500
Bullish above 11740 with Resistance at 11825, 11900
Bearish below 11575 with Supports at 11500, 11425
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 Krittika Pada 2 in Taurus to Punarvasu Pada 3 in Gemini.
- Sun transits from Shravana Pada 3 to Dhanista Pada 1 in Capricorn .
- Mercury transits in Dhanistha Pada 4 to Satabhisham Pada 2 in Acqarius.
- Venus transits in Poorvabhadra Pada 4 to Uttarabhadra Pada 2 in Pisces.
- Mars transits in Jyestha Pada 4 in Scorpio.
- Saturn transits in Uttarashadha Pada 2 in Capricorn and moves in Capricorn Navamsa.
- Jupiter moves in Poorvashadha Pada 3 in Sagittarius and moves in Libra Navamsa.
- Rahu transits in Aardra Pada 2 in Gemini and Ketu transits in Moola Pada 4 in Sagittarius.
------------------------------
Forenoon Strong (for Monday)
Tithi : Magha Sukla Navami
Nakshatra : Krittika
Alert : Persons born in
Ashlesha, Jyesta, Revathi
and in Gemini, Libra are advised to be alert in their dealings.
NIFTY : 11962.10 (-73.70)
Sensitive/Trend change Timings : 2.13
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Subdued and remain so upto 9.45 AM. It would remain Better thereafter upto the 1.10 PM and later it may trade Steady/Subdued till 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 such positions can be closed by 1 PM. If it trades below ATP after 1.30 PM Short Positions can be taken and they can be closed by 3.15 PM.
Technical Levels for the Day...
Resistance : 11700, 11735 Supports : 11620, 11585
------------------------------
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