WEEKLY ASTRO TECHNICAL GUIDE for NIFTY

Outlook for the Week  02.5.2017 to 05.05.2017

Second Half Cautious 

     

Nifty traded in  a   range of 9131  to 9367   during last week and closed at the Upper  end of the range  for the week at 9304   with a Gain  of  185 Points,  a gain    of  about 2%.  Market gained about   about 185 points through out the week gaining about 233 points in the first Three days itself. 

- The short term trend is also UP . It is Bullish both  for Medium and Long term, Short term could become  Bearish  if Nifty comes and closes below   9200.

- Moon  transited  between Poorvabhadra and Revathi between Aquarius and Pisces between  Friday and Tuesday last  Week between 9025 and 9309 (between 21 st  March to 25 th April). Since  the High of this range is crossed on 26 th, it had become Bullish and went upto 9367 and the Target for this month is nearly 9593. In case it crosses 9367, it can be expected to go upto about9600 in May.

NIFTY :: 9304 (+185) 

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9209, 9062, 8696 and 8629 respectively and would act as  Supports  and Resistances as Nifty is trading above all the Moving averages.

- Nifty continues to trade above    the  200 DMA and also  the 50 DMA and   50 DMA too has  come above   200 DMA (Golden Cross has come more than  Two months  ago) suggesting that the Long term outlook has become   Bullish and  Nifty continues to trade above both the Averages and hence can be considered Bullish for Long term too.

 

Technical Levels...

Breakout level  : 9425            Breakdown level : 9200

Bullish above 9375  with Resistance at  9450, 9525

Bearish below 9225 with Supports at 9150, 9075.
 

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.

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Planetary Position...

- Moon would be transiting  from Pushyami 1 st Pada in Cancer  to Pubba 2 nd Pada in Leo.

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

 - Mercury, in Retro mode,  transits from Aswini 1 st    Pada to Aswini 1 st  Pada  in Aries.

 - Venus transits from  Uttarabhadra 2 nd Pada in Pisces   to Uttarabhadra 2^nd  Pada in Pisces.

 - Mars transits in  Rohini 1 st Pada in Taurus  to Rohini 2 nd Pada in Taurus.

 - Saturn, in  Sagittarius, moves in Retro motion.  transits in  Moola 1 st   Pada  to Moola 1 st Pada in Aries  Navamsa .

 - Jupiter, in Retro motion,  transits in     Hastha 4 th Pada in Virgo and in Cancer   Navamsa.

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

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for Tuesday...

Closing Session  Bearish

Astro Technical Guide for Tues day

Tithi ::Vaisakha Sukla Sapthami

Nakshatra::Pushyami; 

Persons   born in  Bharani. Pubba and Poorvashadha constellations  and those born in Leo and Sagittarius are advised to be alert in their dealings. 

 
Sensitive / Trend change Timings : 9.25 AM; 11.00AM; 12.55PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open  Steady / Better   and remain generally Better from  10.15 AM to 12.30 PM  and could remain subdued thereafter till about Close of the day.

Astro Technical Trading Strategy...

If Nifty Fut. Trades above    ATP/ Open level by about 10.15 AM , Long Positions can be taken with suitable   SL, and such positions can be closed by about 12.30 PM. If Nifty Fut trades below   ATP by about 1.00 PM, Short  Positions can be taken with suitable SL,and such positions can be closed by about end of the day.

Technical Levels...

Resistance : 9345, 9380  Support : 9265, 9230