WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for the Week 05.06.2017 to 09.06.2017

NIFTY : 9654 (+59)

Nifty traded in a narrow range of 9548 to 9674 during last week and closed at the Upper end of the range for the week at 9654 with a Gain of 59 Points (a gain of about 0.6%). It rallied for 4 weeks and is on the way for 5 th week. Market had closed with a slight Positive outlook.

- 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 9400.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9480, 9311, 9016 and 8739 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 about Four months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above both the Long term Averages and hence can be considered Bullish for Long term too.

Week Technical Levels...

Breakout level : 9750 Breakdown level : 9400

Bullish above 9725 with Resistance at 9800, 9875

Bearish below 9525 with Supports at 9450, 9375

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.

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

- Moon would be transiting  from Chitta 3 rd  Pada in Libra to Jyeshta 2 nd Pada in Scorpio.

- Sun transits from Rohini 4 th Pada in Taurus to Mrigasira 1 st Pada in Taurus.

- Mercury transits from Krittika 2 nd Pada to Rohini 1 st Pada in Taurus.

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

- Mars transits in Mrigasira 4 thPada in Gemini to Aardra 1 st Pada in Gemini.

- 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 3 rd Pada in Virgo and in Gemini Navamsa.

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

--------------------------------------
First Half Better (for Monday)

Tithi ::Jyeshta Sukla Ekadasi

Nakshatra: Chitta;

Persons born in Pushyami, Anuradha and Uttarabhadra and those born in Scorpio and Pisces are advised to be alert in their dealings.

Sensitive / Trend change Timings : 10.00 AM; 11.10AM; 2.25 PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open Subdued and remain so till 10.30 AM and remain Better thereafter from 10.40 AM till about 12.40PM and remain steady / Subdued thereafter till about close of the day.

Astro Technical Trading Strategy...

If Nifty Fut. Trades below Open / ATP level by about 9.30AM , Short Positions can be taken with suitable SL, and such positions can be closed by about 10.30 AM. If Nifty Fut trades above ATP by about 10.45 AM, Long Positions can be taken with suitable stop loss and such positions can be closed by about 12.40 PM .

Technical Levels...
Resistance : 9695, 9730; Support : 9615, 9580

--------------------------------------

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 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 onIndividual 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

STOCK MARKET WELCOME NEW YEAR WITH LOSS

NIFTY EARNINGS FLAT IN 2018