Stock trade plan for the week of 16th November 2018

Review of  last week Nifty performance 

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Post market update:

1. Nifty opened in a positive note

2. Nifty witnessed profit booking after  solid opening

3. Nifty movement picked up around 245 PM while ASC was Pisces as mentioned in this article yesterday.

4. Nifty touched 200 DMA and closed at 10764. Nifty gives a good movement on a day when price and time squared. 

I exited all my positions in Nifty. Will enter once today's high (10774) or low (10688) will brake on closing basis.

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Nifty gave good swing n 5th and 12th November. Nifty made low 10464 on 12th November whereas 10460 was a resistance as mentioned on 9th November.

Even volatility based calculation was showing probability of reaching 10700 was 35 % .

We able to capture Nifty movement based on Gann astrotrading methods.

Let us analyse possible Nifty movement for next week

1. Based on implied volatility Nifty has 32 % chance to touch 10800 and 17%  chance to hit 10500.
2. Next  price time square date is 20th November  and  possible target is around 10750  or 200 DMA.
3. 10740 zone will be a supply zone for Nifty. This a strong resistance of 50 DMA and 100 DMA

News which are supporting bullish sentiment in market

There are few good news  for capital market as crude price  cracked , USD INR return to 71/72 level which gives psychological comfort to FII/FPI, Domestic investors are still believing "Mutual Fund Sahi Hy" as they have invested huge cash with various MFs.

My technical view for Nifty  is positive for 19th November.

Astrological view of market

Saturn is star lord for 19th November

Asc for Nifty  is Sagittarius. Jupiter is lord of Sagittarius. Saturn is placed in Sagittarius.

Placement of other planets

• Sun mercury and Jupiter are in 12th house from Ascendant which is also the  house of expense. 
• Venus is at 11th house 
• Moon is placed at 4th house Pisces and it is Yuva awastha.   It is Jupiter house and has 5th aspect from Jupiter. Moon is at Saturn star. Overall moon is positive.
• Ketu is in second house which is not very positive.
• Mars is aspected by Saturn by its 3rd aspect 

Market might open strong but there might be some profit booking 

Around 11 AM Asc will be Ketu and some more profit booking will continue. This is will be a good buying opportunities.
Around 1 P.M Asc will be Capricon and mars will be in Asc.
Around 2:20 PM Pisces will be Asc.

We might witness  strong bullish sentiment in the market in second half.

Trade plan based Gann astro trading principle :

I will go long tomorrow with SL at 10640  for a   target 10750.

Shares with positive view

RIL. Bajaj finance, VEDL, Gail, Ibull Housing Finance

Shares might witness correction

Icicibank, Axisbank, Adani ports