Skip to main content

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Second Half of the Week Crucial  

for the Week 10.10.2016 to 14.10.2016

NIFTY :: 8698 ( + 87)

Nifty traded in  a wide range of 8807 to 8635  and closed nearer to the lower end of the range at 8698   
with a  gain  of 87 Points,  a gain about 1%, the main reason for gain   being the new F&O month and also the expectation from RBI Credit Policy.

Market had closed with a slightly positive outlook  with a gain of 1% i.e., 87 points . Current week, being a truncated week with only 3 working days, market may not have proper continuity.  Technically too a correction which has been overdue appear to have come up. Unless Nifty comes and closes above 8800, correction would persist.


- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8752, 8701, 8452 and 8013 respectively and would act as  Supports  and Resistances as Nifty is trading  above the Long term   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 : 8825, Breakdown level : 8575

Bullish above 8775 with resistance at 8850, 8925, 8970

Bearish below 8625 with Supports at 8550, 8475,8400.

-------------------------
Planetary Position

- Moon would be transiting  from Uttarashadha 3 rd  Pada in Capricorn   to Poorvabhadra 4 th  Pada in Pisces .

- Sun transits from  Hastha 4 th  Pada in Virgo   to Chitta 2 nd     Pada in Virgo .

- Mercury  transits from  Hastha 1 st    Pada in Virgo     to Hastha 3 rd  Pada in Virgo .

- Venus transits from Visakha 2 nd     Pada in Libra    to Visakha 4 th   Pada in Scorpio.

- Mars transits in  Poorvashadha 1 st    Pada to Poorvashadha 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    Hastha 1 st Pada and  in Aries  Navamsa to Hastha 2 nd  Pada and in Taurus   Navamsa.

- Rahu and Ketu transit in Leo and Aquarius and in Leo  and Aquarius  Navamsas,

Moon would transit from Aquarius and Pisces during October 13 th and 14 th and the range that is established would be crucial for the next Three weeks and It would become further Bullish if it crosses the High and Bearish if it crosses the Low of the range of 13th and14th.


 ------------------------------


for Monday...
 
Forenoon Better

Tithi ::Aswayuja Sukla  Navami

Nakshatra ::Uttarashadha

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

Sensitive / Trend change Timings for the day :: 1.25 PM;

Likely Intraday Trend for 10.10.2016::

On the basis of planetary position and aspects amongst planets, Market is expected to open steady / Better  and remain better till about 1.30 PM and may remain subdued from 1.45 PM onwards.

Astro Technical Trading Strategy...

After 9.30AM, if Nifty fut trades above     the Open Price /Average Traded Price (ATP), Long   positions can be taken with Low  as Stop Loss and such positions can be closed by about 1.30PM. After 1.45 PM, if Nifty futures trades below the ATP, short positions can be taken with suitable stop loss and can be closed by about end of the day.

Technical Levels...
Resistance : 8740, 8775, Support  around 8660, 8625
-------------------------------------
- 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..

Comments

Popular posts from this blog

JIO TARIFF CICK FOR TELECOM STOCKS

Telecom stocks today surged up to 8 per cent after the recent increase in Reliance Jio tariffs, which is largely seen as positive for the sector. Shares of Bharti Airtel jumped 4.99 per cent to close at Rs 497.50 on BSE. Bharti Airtel was the biggest gainer among the 30-share index components. The scrip of Idea Cellular soared 7.74 per cent to end at Rs 98.15 and Reliance Communications zoomed 7.60 per cent to Rs 17.70. Reliance Jio made its service dearer by about 15 per cent for its popular 84-day plan at Rs 459 from October 19, under which subscribers get 1GB 4G data at high speed per day. The company restructured its various schemes by reducing their validity period. The recent increase in Reliance Jio tariffs will increase its average revenue per user by up to 20 per cent and is a positive for the telecom sector, which is seeing a rapid consolidation, says a Philip Capital report. Established telecom sector players have seen huge reduction in their margins. Idea Cellular and Reli…

STOCK MARKET WELCOME NEW YEAR WITH LOSS

Sensex drops 244 pts
A late sell-off in auto, banking and IT shares pulled back the benchmark BSE Sensex from record high level to close down by 244 points, its biggest single loss in past one month, on the first trading day of 2018. Investors preferred to book profits at record highs amid concerns over fiscal slippages and rising crude oil prices and absence of cues from global markets which were closed for the New Year holiday. The benchmark Sensex touched a low of 33,766.15 before settling lower by 244.08 points, or 0.72 per cent, at 33,812.75. This is the biggest single-day fall since December 1 when the index had lost 316.41. The 30-share index had closed at an all-time high of 34,056.83 in the last session of 2017 on Friday. Also, the 50-share Nifty cracked below the 10,500-mark to hit a low of 10,423.10 before settling 95.15 points, or 0.90 per cent down at 10,435.55. Stocks opened on a weak note and remained range-bound for the better part of the day but an intense sell-off in…

NIFTY EARNINGS FLAT IN 2018

UBS Cautious Note

Projecting zero returns from the Nifty, Swiss brokerage UBS has projected a 10 per cent cut in its index target at 10,500 for calendar 2018, even as it remains positive over the long-term. "Top-down, we forecast Nifty earnings growth will recover from 9 per cent in fiscal 2018 to 13 per cent in 2019, but driven largely by financials," the brokerage said in a report. "However, earnings growth is likely to disappoint against consensus forecast of 22 per cent growth for fiscal 2019, implying a 10 per cent cut," it added. Accordingly, the brokerage estimates "no returns from the Nifty in 2018" and has set the index target at 10,500 for this December. The report noted that a sharp earnings recovery, with continued robust macro stability appears priced in by the markets. "A sharp earnings recovery appears priced in. The markets are already close to our 2018 target, given optimistic fiscal 2019 consensus earnings expectations, which build …