WILL MARKET BE BEARISH IN MAY...

Outlook for 02.05.2016 to 06.05.2016

NIFTY :: 7850 (- 49)

Last week Nifty experienced a decisive breakdown  with close below  7850. It should have One more close below  7850 (preferably below 7750) to confirm the down trend.

Nifty closed at nearly Lower level  for the week and closed below at  7850, and has opened gates for  a fresh wave on the downside.

Previous trends teach us that May month in Even Years be bearish...The above trend is creating that suspicion also...

During the Current week , Moon would be transiting between Sathbhisham  to Revathi  (2.5.16 to 5.5.16 afternoon). If Nifty goes above the High range of the above Period, it would become further Bullish and on the other hand, if Nifty goes below Low of the abovePeriod, it goes  down further below.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7781, 7585, 7572 and 7855.  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 7950 with Resistance at  8025, 8100, 8175

Bearish below 7775 with Supports at 7700, 7625,7575

Breakout level : 8000, Breakdown level : 7650


Planetary Position...

Moon would be transiting  from Sathabhisham 3 rd  in Aquarius   to Bharani 1 st   Pada in Aries.

Sun transits in  Bharani 2 nd    Pada in Aries to Bharani 3 rd Pada in Aries.

Mercury, Retrograde Position, transits in Aries  1 st     Pada in Aries  to Aries 1 st    Pada in Aries .

Venus transits in  in Aswini 3 rd    Pada to Bharani 1 st Pada in Aries .

Mars,in Retrograde position transits in  Anuradha 4 th     Pada to Anuradha 3 rd Pada.

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 2 nd    Pada  in  Leo and  Virgo    Navamsa .

Rahu and Ketu transit in Leo and Aquarius.

During the Current week , Moon would be transiting between Sathbhisham  to Revathi  (2.5.16 to 5.5.16 afternoon). If Nifty goes above the High range of the above Period, it would become further Bullish and on the other hand, if Nifty goes below Low of the abovePeriod, it goes  down further below.

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Closing Subdued ..!           

Astro Technical Guide for Mon day, 02.05.2016

Astro Info:: Tithi :: Chaitra Krishna Dasami

Nakshatra ::  Sathahisham    (Moon in Aquarius  )

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

Sensitive / Trend change Timings for the day :: 2.30 PM

Likely Intraday Trend for 02.05.2016::

On the basis of planetary position and aspects amongst planets,Market is expected to open steady  and recover from 10 to 12 and remain subdued thereafter.

Astro Technical Trading Strategy...
After 10 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 aroud 12.00 PM. Again after 12.30pm, if Nifty fut trades below the ATP, short positions can be taken , which may be closed by end of the day.

Technical Levels...

Resistance around 7900, 7950  and Support  around  7800, 7750

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