Bullish if it close above 12300
for the week between February 17-21, 2020
NIFTY :
12113 (+15)
Nifty traded in a wide Range of 12256 to 11191 points during last
week and
closed nearer to the Highest of the range at 12113 with a gain of 15 Points and made a Positive Weekly Close.
- Between January 27 to 31 Nifty made a range of 12217 and 11946. 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 12065, 12130, 11932,11675 resp
- Nifty is presently above the 100, 200 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 12300.
Technical Levesl...
Breakout level : 12300 Breakdown level : 11900
Bullish above 12185 with Resistance at 12250, 12325
Bearish below 12025 with Supports at 12050, 11875
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 Jyestha Pada 2 in Scorpeo to Uttarashadha Pada 2 in Libra.
- Sun transits from Dhanista Pada 4 to Satabhisham Pada 1 in Aquarius.
- Mercury transits in Satabhisham Pada 3-4 in Acqarius.
- Venus transits in Revathi Pada 1-2 in Pisces.
- Mars transits in Moola Pada 2-3 in Sagittarius.
- Saturn transits in Uttarashadha Pada 2 in Capricorn and moves in Capricorn Navamsa.
- Jupiter moves in Poorvashadha Pada 3-4 in Sagittarius and moves in Scorpio 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 Bahula Navami
Nakshatra : Jyestha
Alert : Persons born in Krithika, Uttara, Uttarashadha and in Saggitarius, Aeries are advised to be alert in their dealings.
NIFTY : 12113.50 (-61.20)
Sensitive/Trend change Timings : 10.54
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Subdued and remain so upto 10.30 AM. It would remain Better thereafter upto 2.20 PM and remain Steady later till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty Futures is Above ATP by 10.30 AM Long Positions can be taken with suitable Stoploss and such positions can be closed by 2.15 PM.
Technical Levels for the Day...
Resistance : 12155, 12190 Supports : 12075, 12040
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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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