WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 28.03.2016 to 02.04.2016

Weekly Close above 7750 gives One more uptrend  .... !!!     

NIFTY :: 7717 (+113)

Nifty closed at the highest point for the week and above 7700, and has opened gates for  a fresh rally on the upside.

Last week it has crossed 7700 and closed above 7700 on all the Three working days making it a rise for 4 weeks in succession. It has got certain resistance around 7750 and if Nifty   closes above 7750(weekly close),it would get into a new zone.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7416, 7364, 7605 and 7905.  respectively and would act as  resistances as Nifty is trading  above most of 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 ::

Bullish above 7790 with resistance at  7865, 7940,8015

Bearish below 7630 with Supports at 7555, 7480,7405.

Breakout level : 7750, Breakdown level : 7600

Advice for Traders :

Last week Nifty traded above the breakout level and closed above 7700. However, there is resistance around 7750 (for weekly close above 7750.

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 Anuradha 1 st   Pada in Scorpio to Sravana 1 st   Pada in Capricorn.

- Sun transits in   Uttarabhadra 4 th   Pada in Pisces to REvathi 1 st Pada in Pisces .

- Mercury transits in Revathi  1 st     Pada in Pisces to Revathi 4 th  Pada in Pisces .

- Venus transits in  in Poorva Bhadra 2 nd    Pada in Aquarius  to Poorvabhadra 4 th Pada in Pisces.

- Mars transits in  Anuradha 3 rd     Pada to Anuradha 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 3 rd   Pada  in  Leo and   Libra    Navamsa

- Rahu and Ketu transit in Leo and Aquarius.

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for Monday, 28.03.2016

Forenoon Better … !!!           

Astro Info:: Tithi :: Phalguna Krishna Panchami

Nakshatra ::  Anuradha 1 &2 nd   Pada    (Moon in Scorpio  )

Persons   born in  Bharani, Pubba and Poorvashadha  constellations and
Sagittarius and Aries    Zodiac signs are advised to be alert in their
dealings.

Sensitive / Trend change Timings : 1.45 pm

Likely Intraday Trend :

On the basis of planetary position and aspects amongst planets, Market is expected to remain generally better upto about 1 PM and remain steady thereafter.

Astro Technical Trading Strategy...

After 9.30 AM,  if Nifty futures trades above the Open level / above  the Average Traded Price (ATP),  long  positions can be taken with a Stop Loss of about 20 points  from the entry level and such positions can be closed by about 1.00pm.

Technical Levels...

Resistance around 7775, 7835 and Support  around  7655, 7600.

There is general resistance around 7750.