for Week : 16.05.2016 to 20.05.2016

NIFTY :: 7815 (+82)

Nifty traded in  a volatile fashion  and closed with a gain   of about 1%. Nifty ,though attempted higher levels, could not hold on there and slipped on Friday and lost most of the ground .  Strong support is seen around 7700 and below if it closes it would lose the bullish grip.

Four Planets out of Seven Planets are transiting in Retrograde motion and as already pointed out, has been under mild correction which can be extended into current week too . Current week Second half is expected to be Bearish.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7851, 7665, 7575 and 7821 respectively and would act as  resistances as Nifty is trading  above half   the   Moving Averages.  
- While 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.

Technical Levels ::

- Bullish above 7890 with resistance at  7965, 8040,8100

- Bearish below 7740 with Supports at 7665, 7600,7540.

- Breakout level for the week is 7900 and the Breakdown level for the week is 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 ::  During the current week Moon would be transiting  from Uttara 1st   Pada in Leo   to Swathi 4 th    Pada in Libra.  
- Sun transits in  Krittika 2 nd   Pada in Taurus to Krittika 3 rd   Pada in Taurus .

- Mercury, in retrograde motion ,  transits in  Bharani 3 rd  Pada in Aries to Bharani 3 rd PAda,

- Venus transits in  in Bharani 4 th Pada in Aries to Krittika 2 nd  Pada in Taurus .

- Mars, in Retrograde motion, transits in  Anuradha 2nd    Pada  in Scorpio.

- Saturn, in Retrograde motion ,   transits in  Jyeshta 2 nd Pada in Scropio sign and in Capricorn Navamsa .

- Jupiter   transits in    Pubba 2 nd    Pada  in  Leo and  Virgo Navamsa and will become Direct on 9th Evening.
Rahu and Ketu transit in Leo and Aquarius.

for Monday...

Forenoon Better …!

Astro Technical Guide for Mon day, 16.05.2016

Astro Info:: Tithi :: Vaisakha Sukla Dasami

Nakshatra :: Uttara  (Moon in Leo / Virgo)

Persons   born in Aardra, Swathi and Sathabhisham   constellations and Libra and Aquarius      are advised to be alert in their dealings. 

Sensitive / Trend change Timings : 11.05AM; 2.50PM

Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady / Better     and remain so till about 2.15PM and remain subdued towards close of the day.

Astro Technical Trading Strategy...

After 9.30 Am, If Nifty fut. Trades above   the  Open Level / Average Traded Price, Long   Positions can be taken with Low   Level as Stop Loss and such positions may be closed by about 2 PM.

Technical Levels...
Resistance around 7850, 7880  and Support  around  7775, 7740


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