WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Market might turn Bullish in Second Half.... !!! 

Nifty Outlook for Next Week :: (18.01..2016 to 22.01.2016) …  

NIFTY :: 7437(-164)

Nifty traded in a small range with bearish bias  bias due to global cues and lost about 2.10% .

Nifty is Bearish but clearly oversold and could have clear pull back.  If  Nifty is  expected to face support around 7350 and Resistance around 7605 and in case it bounces either side, it is likely  to have a wild swing.

Mercury and Jupiter are in retrograde motion. Nifty’s Range between 13.1.16 and 15.1.16 was 7427 and 7605 and closed nearer to the lower end ie. at 7437. In case it closes below 7400, it would turn further Bearish. On the other hand, in case it closes above 7605,it would become Bullish for short term.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7743, 7788, 7894 and 8154.  respectively and would act as  resistances as. Nifty is trading  below all   the Moving Averages.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.

Week Technical Levels ::

Breakout level 7610 and the Breakdown level 7350 . . .

Bullish above 7510 with resistance at  7580, 7630,7700

Bearish below 7360 with Supports at 7300, 72225, 7150

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.

Planetary Position...

- Moon would be transiting  from  Bharani 2 nd    Pada    in Aries    to  Aardra 4 th Pada in Gemini.

- Sun transits in   Uttarashadha 3 rd    Pada in Capricorn to Uttarashadha 4 th    Pada  in Capricorn

 

- Mercury transits in  Poorvashadha 4 th   Pada in Sagittarius   to Poorvashadha 3^rd    Pada in Sagittarius. Mercury     gets into Retrograde motion from 5^th evening to 25^th.where in market  would experience dual movement.Since Mercury has crossed 50% of Retrograde motion period, it might become Bullish

- Venus transits in  in Jyeshta 4 th   Pada  in Scorpio  to  Moola 2^nd Pada in Sagittarius.

- Mars transits in   Swathi  3^rd   Pada in Libra  to Swathi 4 th   Pada in Libra.

- Saturn  transits in  Jyeshta 1 st Pada in Scropio sign .

- Jupiter , gets into Retrograde motion and transits in  Leo in  Uttara 1 st   Pada in  Sagittarius   Navamsa .  

- Rahu and Ketu  continue their transit in Virgo and Pisces  respectively.