WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY
Caution at Higher Levels
for the Week 31.07.2017 to 04.08.2017
NIFTY :: 10015 (+100)
Nifty traded in a wide range of 9920 to 10115 during last week and closed nearer to the middle of the range for the week at 10015 with a Gain of 100 Points (about 1%). Market had closed with a positive outlook.
- The short term trend is Bullish and It is Bullish both for Medium and Long term, Short term could become Bearish if Nifty comes and closes below 9900.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9839, 9682, 9440 and 8938 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 suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving Averages and hence can be considered Bullish for Long term too.
Breakout level :10150 Breakdown level : 9900
Bullish above 10090 with Resistance at 10150, 10225
Bearish below 9940 with Supports at 9870, 9800.
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.
Moon would be transiting from Swathi 4 th Pada in Libra to Moola 4 th Pada in Sagittarius.
Sun transits from Pushyami 4 th Pada in Cancer to Aslesha 1 st Pada in Cancer .
Mercury transits from Magha 4 th Pada to Poorva Phalguni 1 st Pada in Leo.
Venus transits from Mrigasira 4 th Pada in Gemini to Aardra 2 nd Pada in Gemini.
Mars transits in Pushyami 3 rd Pada in Cancer to Pushyami 4 th Pada in Cancer.
Saturn moves in Retro motion in Jyeshta 4 th Pada in Scorpio and also moves in Pisces Navamsa.
Jupiter transits in Hastha 4 th Pada to Chitta 1 st Pada in Virgo and from Cancer Navamsa to Leo Navamsa.
Rahu and Ketu transit in Leo and Aquarius and in Aries and Libra Navamsas.
Moon transited between Dhanishta and Poorvabhaadra in Aquarius between 12 th July to 14 th July and made a range of 9788 and 9913 (125 points ) and even though the High is crossed it could go up beyond the target to 10115 and closed at 10115.
Mid Session Bearish (for Monday)
Tithi ::Sraavana Sukla Navami
Nakshatra ::Swathi & Visakha.
Persons born in Aswini, Maka and Moola and those born in Scorpio and Pisces are advised to be alert in their dealings.
Sensitive / Trend change Timings : 9.37 AM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Better till about 10.15 and remain subdued from 10.15 AM till about 2.30 PM and recover thereafter till about close of the day.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below the Open / ATP level by about 10.30AM , Short Positions can be taken with suitable SL, and such positions can be closed by about 2.15PM. If Nifty fut trades above the ATP by about 2.35PM, Long positions can be taken with suitable SL and to be closed by about end of the day.
Resistance : 10055, 10090 Support : 9975, 9940