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WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for Week 21.11.2016 to 25.11.2016


Scrip Specific Movements with Bearish Bias

NIFTY :: 8074( -222)

Nifty traded in  a wide range of 8460 to 8048 during last week and closed nearer to the Low range at  8074  with a  loss  of 222 Points,  a loss  of  about 2.7%.
Market had closed with a reasonable  negative    outlook  with a loss   of 2.7% i.e., 222 points . While it is quite reasonably  Bullish for  Long term and  for Medium Term, short term could be quite volatile. Unless Nifty comes and closes above 8350, correction would continue to persist.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8466, 8628, 8523 and 8124 respectively and would act as  Supports  and Resistances as Nifty is trading  below all   the   Moving Averages.  

- Nifty continues to trade below  the  200 DMA and is trading below 50 DMA and 50 DMA trades above above the  200 DMA (Golden   Cross) suggesting that the Long term outlook is reasonably  Bullish.


Technical Levels...

Breakout level : 8300 Breakdown level : 7850

Bullish above 8150 with Resistance at  8225, 8300, 8375

Bearish below 8000 with Supports at 7925, 7850,7775.

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Planetary Position

- Moon would be transiting  from Makha 1 st Pada in Leo to Chitta 1 st   Pada in Leo.

- Sun transits from  Anuradha 1 st   Pada in Scorpio to Anuradha 2 nd  Pada in Scorpio.

- Mercury  transits from  Jyeshta 1 st   Pada in Scorpio to Jyeshta 3 rd Pada in Scorpio  .

- Venus transits from  Poorvashadha 1 st Pada in Sagittarius to Poorvashadha 3 rd Pada in Sagittrius .

- Mars transits in   Sravana 2 nd  Pada in Capricorn Sravana 3 rd Pada in Capricorn.

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

- Jupiter   transits in  Hastha 4 th Pada and in Cancer  Navamsa.

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

During the week ended 11 th November, Moon transited between Aquarius and Pisces and established a wide range of 8598 and 8002 and closed in between the range at 8296.  Nifty could not  breach the High or Low last week but it came nearer to the Low at 8048 and closed at 8074. This week, it is to be seen whether it would breach the Low or not?
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Second Half Bearish (for Monday)
Tithi ::Karthika Bahula  Ashtami

Nakshatra ::Makha.

Persons   born in  Rohini, Hastha and Sravana constellations  and those born in Cancer and Scorpio are advised to be alert in their dealings.

Sensitive / Trend change Timings...10.12AM:1.25PM;2.05PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to remain steady / Better and remain so upto 10.45 and could become subdued thereafter till about end of the day.


Astro Technical Trading Strategy...

If Nifty Fut. trades below   ATP by about 11.00 AM Short Positions can be taken  with suitable SL, and such positions can be closed by about 3.00 PM.

Resistance : 8115, 8150 Support : 8035, 8000
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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..

 


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