Week of August 24 to 29 2020

 Last week we had expected instability from Ketu because Ketu is Gandantha and several planets 

including Ketu are in Ketu star.

We saw that this week! One day opening gap up and the other day opening gap down.

In the beginning of week of August 24, Moon has moved out to Libra and is in Swathi ruled by Rahu.

Mercury also has moved out of Ketu star.Only Sun and Mars are in Ketu star apart from Ketu himself. So 

we may expect stability to start returning to the market.

The most impressive aspect this week is the square between Mars and Saturn.We are also in the active orb for Uranus retrograde.Any dip in the market this week is a good opportunity to buy for possibly the final bull run this season.

Star parivarthana between Venus and Jupiter also is a good sign for the bulls...possibly after a intra week dip.

Nifty started its new cycle on August 14th and by August 19th, it faced significant gap resistance in the area of 11433 to 11536.Nifty moved up to 11460 but then retreated needing more energy to cross the gap.

See the longer picture here...

Break of this gap will propel Nifty forward..

If the resistances for Nifty go back to February-March of 2020, the resistances for Bank Nifty are more recent.

While Nifty is comfortably above 200 MA, Bank Nifty is still behind its 200 MA. However, Bank Nifty had overtaken Nifty in its momentum by August 17th.Hopefully BN will catch up with Nifty.

Market breadth is good and there is broad participation.

Investing in break out stocks which do so with volume is a strategy which will yield good results.

Some interesting stocks:

Stocks which have broken out of resistance may be purchased on pull backs.

Trade safely, slowly and profitably.