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for Week 25.04.2016 to 29.04.2016

NIFTY :: 7899 (+ 49)

Nifty traded in  a narrow range and closed with a small gain of about 0.60%.

During the last week Nifty closed above the 200 DMA. However, 50 DMA too should close above 200 DMA for the rally to sustain.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7724, 7462, 7571 and 7867 respectively and would act as  resistances as Nifty is trading  above all  the   Moving Averages.  

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

- Four Planets out of Seven Planets are transiting in Retrograde motion and it is likely that market would face highly volatile movements during May.

Technical Levels...

Bullish above 7975 with resistance at  8050, 8125,8200

Bearish below 7825 with Supports at 7750, 7675,7600.

Breakout level : 8000 Breakdown level : 7700

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 Anuradha 4 th   Pada in Scorpio to Uttarashadha  2nd   Pada in Capricorn.  

- Sun transits in  Aswini  4 th   Pada in Aries  to Bharani 1 st  Pada in Aries .

- Mercury transits in   Krittika 1 st   Pada in Aries and also gets into  Retrograde motion from 29th .

- Venus transits in  in Revathi 4 th   Pada in Pisces   to Aswini 2 nd   Pada in Aries.

- Mars transits in  Anuradha 4 th    Pada  in Scorpio in Retrograde motion.

- Saturn  gets into retro motion on 25.3.2016 evening and  transits in  Jyeshta 2 nd Pada in Scropio sign and in Capricorn Navamsa .

- Jupiter , gets into Retrograde motion and transits in  Leo in  Pubba 2 nd    Pada  in  Leo and  Virgo    Navamsa .

- Rahu and Ketu transit in Leo and Aquarius.


Closing Session  Subdued !

for Monday, 25.04.2016

Astro Info:: Tithi :: Chaitra Krishna Triteeya

Nakshatra ::  Anuradha   (Moon in Scorpio)

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

Sensitive / Trend change Timings : 11.15am ; 14.00 PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open steady and might recover in the forennon session and can be expected to remain subdued from 2 PM.

Astro Technical Trading Strategy...

After 2Pm, if Nifty futures  trades  below  the Average Traded Price ,Short  positions can be taken to close by end  of the day .

Technical Levels...
Resistance around 7950, 7980  and Support  around  7860, 7820


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