Bullish if it close above 12200
for the week between February 10-14, 2020
NIFTY :
12098 (+437)
Nifty traded in a wide Range of 12161 to 11615 points during last
week and
closed nearer to the Highest of the range at 12098 with a big gain of 437 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 12116, 12118, 11878,11663 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 12200.
Technical Levesl...
Breakout level : 12200 Breakdown level : 11800
Bullish above 12075 with Resistance at 12150, 12225
Bearish below 11925 with Supports at 11850, 11775
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 Makha Pada 3 in Leo to Swati Pada 2 in Libra.
- Sun transits from Dhanista Pada 2-3 in Aquarius.
- Mercury transits in Satabhisham Pada 3-4 in Acqarius.
- Venus transits in Uttarabhadra Pada 2-4 in Pisces.
- Mars transits in Moola Pada 1-2 in Sagittarius.
- 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.
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Generally Subdued (for Monday)
Tithi : Magha Bahula Padyami
Nakshatra : Makha
Alert : Persons born in
Mrigasira, Chitta, Dhanishta and in Virgo, Capricorn are advised to be alert in their dealings.
NIFTY : 12098.35 (-39.60)
Sensitive/Trend change Timings : 11.45
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected Open Steady and remain so upto 10.35 AM. It would remain Subdued thereafter upto the 2.20 PM and remain Steady later till the end of the day.
Astro Technical Trading Strategy for the day...
If Nifty Futures is Below ATP by 10.45 AM Short Positions can be taken with suitable Stoploss and such positions can be closed by 2.30 PM.
Technical Levels for the Day...
Resistance : 12140, 12175 Supports : 12060, 12025
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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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