WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for the Week 19.06.2017 to 23.06.2017


Near Crucial Support

NIFTY :: 9588 (- 80)

Nifty traded in  a  narrow  range of 9561  to 9647   during last week and closed nearer to  the lower  end of the range for the week at 9588  with a Loss   of  80 Points,  a loss  of  about 0.85%.  Nifty is trading near Crucial Support and if it closes below 9550/9500, it would become weak. 21 st June is the Trend Change date as per Gann calendar. Market had closed with a  slight negative outlook  

- The short term trend is Neutral to mildly Bullish . It is Bullish both  for Medium and Long term, Short term could become  Bearish  if Nifty comes and closes below  9525.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9585, 9411, 9145 and 8788 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 at about  Five 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..

Technical Levels …

Bullish above 9675  with Resistance at  9750, 9825

Bearish below 9510 with Supports at 9435, 9350.

Breakout level : 9700      Breakdown level : 9500
  
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 Revathi 3 rd Pada in Pisces to Mrigasira 2 nd Pada in Taurus .

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

- Mercury  transits from Mrigasira 3 rd  Pada to Aardra 2 nd Pada  in Gemini .

- Venus transits from  Bharani 2 nd Pada in Aries   to  Bharani  4 th  Pada in Aries.

- Mars transits in  Aardra 3 rd  Pada in Gemini  to Aardra  4 th  Pada in Gemini .

- Saturn  moves in Retro motion from Moola 1 st Pada in Sagittarius to Jyeshta 4 th Pada in Scorpio and also moves from Aries Navamsa to Pisces 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 Aries and Libra Navamsas.

Moon  has commenced its journey  between Dhanishta  and Revathi in  Aquarius and  Pisces Raasis between 15 th June to 19 th June and has already made a small range of 9561 to 9621 (60 points) and will complete the journey by Monday  and  if the High is crossed subsequently,  it will go up and if the Low is crossed it would go Down.

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for Monday…

First Half Better 
Tithi ::Jyeshta Bahula Dasami

Nakshatra: Revathi

Persons   born in Krittika, Uttara and Uttarashadha and  those born in Aries and Leo are advised to be alert in their dealings. 

Sensitive / Trend change Timings : 11.45 AM;

 Likely Intraday Trend…

On the basis of planetary position and aspects amongst planets, Market is expected to open steady / Better and  remain Better   till about 1.25PM and remain Subdued   thereafter till about close of the day.

Astro Technical Trading Strategy…

If Nifty Fut. Trades above   Open / ATP level by about 9.30AM , Long  Positions can be taken with suitable   SL, and such positions can be closed by about 1.15 PM.If Nifty fut trades below  ATP by about 1.45 PM , Short  Positions can be taken with suiable stop loss and such   positions can be closed b about end of the day.

Technical Levels…

Resistance : 9625, 9655               Support : 9545,9505 


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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 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..

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