Sunday, May 14, 2017

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for the Week 15.5.2017 to 20.05.2017


Weekend Crucial

NIFTY :: 9401 (+116)

Nifty traded in a narrow range of 9298 to 9451 during last week and closed at the Upper end of the range for the week at 9401 with a Gain of 116 Points (about 1.30%). Market lgained about 116 points through out the week despite a loss of 22 points on Friday. Market had closed with a positive outlook.

- The short term trend is also Positive. It is also Bullish both for Medium and Long term, Short term could be quite Bullish Unless Nifty comes and closes below 9250.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9270, 9158, 8812 and 8675 respectively and would act as Supports and Resistances as Nifty is trading only below 20 DMA.

- 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 Three months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above both the long term Moving Averages and hence can be considered Bullish for Long term too.

Technical Levels...

Breakout level : 9525 Breakdown level : 9275

Bullish above 9475 with Resistance at 9550, 9625

Bearish below 9325 with Supports at 9250, 9175.

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 Poorvashadha Uttarabhadra 2 Pada in Sagittarius to Sathabhisham 1 st Pada in Aquarius.

- Sun transits from Krittika 2 nd Pada in Taurus to Krittika 3 rd Pada in Taurus .

- Mercury transits from Aswini 2 nd Pada to Aswini 3 rd Pada in Aries.

- Venus transits from Uttarabhadra 4 th Pada in Pisces to Revathi 1 st Pada in Pisces.
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- Mars transits in Rohini 4 th Pada in Taurus to Mrigasira 1 st Pada in Taurus.

- Saturn, in Sagittarius, moves to Retro motion. transits in Moola 2 nd Pada(Taurrrus Navamsa) to Moola 1 st Pada in Aries Navamsa .

- Jupiter, in Retro motion, transits in Hastha 4 th Pada in Virgo to Hastha 3 rd Pada in Virgo and in Cancer Navamsa to Gemini Navamsa.

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

Moon transits between Dhanishta and Revathi in Aquarius and Pisces Raasis between coming Friday and Next Tuesday (between 19th May to 22nd Mayl). It would become further Bullish if the High of this range is crossed and vice versa.
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Forenoon Session Better (for Monday)

Tithi ::Vaisakha Bahula Chavithi / Panchami

Nakshatra: Poorvashadha

Persons born in Mrigasira, Chitta and Dhanishta constellations and those born in Capricorn and Taurus are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day : 1.40 PM; 3.25PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and remain better from 10.25 AM till about 12.30PM and remain generally Subdued thereafter till about 2.30 PM and could remain steady towards close of the day.

Astro Technical Trading Strategy...If Nifty Fut. Trades above ATP/ Open level by about 10.30 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 1.00PM, Short Positions can be taken with suitable SL,and such positions can be closed by about 2.30 PM / end of the day.
 
Technical Levels...
Resistance : 9440, 9475 Support : 9360, 9325
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