Bearish if it close below 11900
for the week between February 24-28, 2020
NIFTY :
12081 (-33)
Nifty traded in a wide Range of 12152 to 11909 points during last
week and
closed with a loss of 33 Points @ 12081 and made a Negative Weekly Close.
- New Astrological Month begins between Next Monday to Thursday ie. 24 to 27 th February. 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 12043, 12142, 11954,11682 resp
- Nifty is presently above the all the DMA's except 50 DMA. The 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 above 11900.
Technical Levesl...
Breakout level : 12300 Breakdown level : 11900
Bullish above 12150 with Resistance at 12225, 12300
Bearish below 12000 with Supports at 11925, 11850
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 3 in Acquarius to Ashwini Pada 2 in Aeries.
- Sun transits from Satabhisham Pada 2-3 in Aquarius.
- Mercury transits in Satabhisham Pada 2-3 in Acqarius.
- Venus transits in Revathi Pada 3-4 in Pisces.
- Mars transits in Moola Pada 4 to Poorvashadha 1 in Sagittarius.
- Saturn transits in Uttarashadha Pada 3 in
Aquarius and moves in
Aquarius Navamsa.
- Jupiter moves in Poorvashadha Pada 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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Opening Session Better (for Monday)
Tithi : Phalgunaa Sukla Padyami
Nakshatra : Satabhisham
Alert : Persons born in Krittika, Uttara, Uttarashadha and in Pisces, Cancer are advised to be alert in their dealings.
Sensitive/Trend change Timings : 9.38
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Better and remain so upto 11.10 AM. It would remain Steady/Subdued thereafter till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty Futures is Above ATP by 9.30 AM Long Positions can be taken with suitable Stop loss and such positions can be closed by 11 AM. If it come below ATP by 11.30 AM Short Positions can be taken and they can be closed by 3.15 PM.
Technical Levels for the Day...
Resistance : 12120, 12160 Supports : 12040, 12000
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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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