ASTRO TECHNICAL GUIDE OF NIFTY for 18.02.2016

Generally Better… Buy on Dips… !!!

Astro Info:: Tithi :: Magha Sukla Ekadasi

Nakshatra ::  Aardra  (Moon in  Gemini)

Persons   born in    Aslesha, Jyeshta and Revathi constellations and
Cancer and Scorpio  Zodiac signs are advised to be alert in their
dealings.

Sensitive / Trend change Timings for the day :: 10.55am,1 .25pm; 1.45pm

Likely Intraday Trend for 18.02.2016::

On the basis of planetary position and aspects amongst planets, Market is expected to be generally better in the opening and remain subdued between 11.30 am to 1.30 pm and again recover thereafter.

Astro Technical Trading Strategy for the day ::  After 9.30 am,   ifNifty fut trades  above the Open Price, long positions  can be taken with  Low level  as stop loss and such positions may be closed by about 11.30am., Again  after 1.30pm , if Nifty futures trades above  the Average Traded Price, long  positions may be taken with about 20 points below the ATP as stop loss and to be closed by end of the day.

Open level is important for intraday trading and generally, intraday short positions are suggested  below   Day’s open level only and vice versa.

Stop loss is a must for intraday trading.

Technical Levels for the day

Nifty Spot  would find  resistance around 7160 ,  7225 and find support  around  7050, 6990  for the day.

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.