WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

SCRIPWISE MOVEMENTS

NIFTY :: 7211 (+ 230)

Nifty closed with a gain of  about 3% during the week. Further, in view of the forthcoming Budget , market might consolidate and move the higher side.

This week being the last week before expiry of F&O settlement, scripwise movement is most likely.

Range of Last  week is important for it to break. Low of last weeki.e., 6970 is not to be broken if it  is to sustain.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7307, 7532, 7760 and 8000.  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

Technical Levels

Breakout level : 7350 Breakdown level : 7050

Bullish above 7230 with Resistance at  7275, 7350, 7425

Bearish below 7190 with Supports at 7125, 7050, 6975

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  Makha  1 st  Pada    in Leo   to Chitta 1 st   Pada in Virgo.   

- Sun transits in   Sathabhisham 1 st   Pada in Aquarius to Sathabhisham 2 nd   Pada  in Aquarius.

- Mercury transits in  Sravana 3 rd   Pada in Capricorn   to Sravana  4 th    Pada in Capricorn.

- Venus transits in  in Sravana 1 st  Pada    to  Sravana 3 rd  Pada in Capricorn.

- Mars transits in   Visakha 4 th    Pada in Scorpio..

- Saturn  transits in  Jyeshta 2 nd Pada in Scropio sign and in Capricorn Navamsa

- Jupiter , gets into Retrograde motion and transits in  Leo in  Pubba 4 th   Pada and Pubba 4 th Pada in  Leo and  Scorpio Navamsa .  

- Rahu and Ketu transit in Leo and Aquarius.