WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for Week 19.09.2016 to 23.09.2016

Negative Outlook  

NIFTY :: 8780 (- 87)

Nifty traded in a range of 8848 to 8689  and closed nearer to the middle  Level  at 8780 with a  loss of  87 Points and lost about 1%.

Market had closed with a negative  week for the First  time with a loss of 87 points. FII Inflow is to be watched carefully and if the inflows are either tepid or become negative, it is to be viewed as negative. Market could go up further in Medium Term and also in Long term due to passage of GST Bill but could behave in a volatile way  in the Short Term mode.  Current week , there is FOMC meeting on 20 th and 21 st September, which could give a trigger for short term movement.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8702, 8609, 8309 and 7939 respectively and would act as  Supports  as Nifty is trading  above most of the Moving Averages.

- Nifty continues to trade above    the  200 DMA and  50 DMA too has come above   200 DMA (Golden   Cross) suggesting that the Long term outlook is  Bullish.

Technical Levels...

Breakout level : 8925 Breakdown level : 8650

Bullish above 8850 with resistance at  8925, 9000, 9075

Bearish below 8700 with Supports at 8625, 8550,8475.

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Planetary Position...

- Moon would be transiting from Aswini 2 nd in Aries to Mrigasira 4 th Pada in Gemini.

- Sun transits from Uttara Phalguni 2 nd Pada in Virgo to Uttara Phalguni 4 th Pada in Virgo .

- Mercury transits from PoorvaPhalguni 3 rd Pada in Virgo to Pubba 3 rd Pada in Virgo, It got into Retrograde Position (Retrograde from 30-8-16 from 6.34PM till 22^nd September 11.01AM) During Mercury Retrograde period, market will have dual movements.

- Venus transits from Chitta 3 rd    Pada in Libra    to Chitta 4 th   Pada in Libra .

- Mars transits in  Moola 1 st     Pada to Moola 2 nd   Pada in Sagittarius .

- Saturn, in Direct  motion ,   transits in  Jyeshta 1 st   Pada in Scropio sign and in Sagittarius    Navamsa .

- Jupiter   transits in    Uttara 4 th Pada and  in Virgo  and in Pisces Navamsa.

- Rahu and Ketu transit in Leo and Aquarius and in Virgo  and Pisces  Navamsas.

Next month, Market would commence from 15 th to 16 th of September and It would become Bullish if it crosses the High and Bearish if it crosses the Low of the range of 15^th and16th ie., 8848 and 8704.

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(for Monday)

Volatile Movements

Tithi ::Bhadrapada Bahula Thadiya

Nakshatra :: Aswini   Persons   born in  Rohini , Hastha and Sravana  constellations and Taurus and Virgo     are advised to be alert in their dealings.

Sensitive / Trend change Timings :11.40AM; 1.55PM  

Likely Intraday Trend... 

 

On the basis of planetary position and aspects amongst planets, Market is expected to open steady    and remain generally steady till about 10.40AM and become subdued thereafter till about 12.40 and remain there after  till  about 2.45 PM and remain steady thereafter .

Astro Technical Trading Strategy...

After 12.45AM , if Nifty fut trades above  the Average Traded Price (ATP), Long  positions can be taken with suitable Stop Loss and such positions can be closed by about 2.45PM .

Technical Levels...

Resistance : 8820, 8855, Support  around 8740,8705

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- IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

- Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and and astrological portion given above should be considered together and applied for taking proper trading decisions.

Disclaimer...

Intraday trading is risky and Astro guidance is to be depending on intraday movements . applied depending on the real time market movement.  used as an additional tool in addition to technicals and adapted  Technical portion. Loss / Gain in market depends on Individual natal chart.  Creator only knows what is going to happen and astrologer can only indicate what is likely to happen.

Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

- Dr. Bhvanagiri Amaranatha Sastry, 

Astro Technical Analyst