Sunday, December 31, 2017

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY


Caution at Higher Levels

Nifty Outlook for the Week 01.01.2018 to 05.01.2018

NIFTY :: 10531 (+38)

Nifty traded in a narrow range of 10460 to 10552 during last week and closed nearer to the High of the range or the week at 10531 with a Gain of 38 Points (about 0.36%), with a Positive outlook.
The short term trend is quite Bulliish. It is Bullish for Both Medium Term and Long term. However, Short term would become Bearish if Nifty comes Down and closes below 10350.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10328, 10318, 10135 and 9810 respectively and would act as Supports and Resistances.

Nifty continues to trade above the 200 DMA and also above the 50 DMA and 50 DMA has come above 200 DMA (Golden Cross has come more than about Ten months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages and hence can be considered as Bullish.

Technical Levels...

Bullish above 10600 with Resistance at 10675, 10750

Bearish below 10450 with Supports at 10375, 10300

Breakout level :10575 Breakdown level :10350

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 Aardra 1 st Pada in Gemini to Magha 3 rd Pada in Leo.

Sun transits from Purvashadha 2 nd Pada to Poorvashadha 3 rd Pada in Sagittarius.

Mercury transits from Jyeshta 3rd Pada in Scorpio to Jyeshta 4 th Pada in Scorpio.

Venus transits from Purvashadha 1 st Pada in to P Shadha 2 nd Pada in Sagittarius.

Mars transits in Visakha 1 st Pada in Libra .

Saturn transits in Moola 3 rd Pada in Sagittarius and moves in Gemini Navamsa.

Jupiter transits in Visakha 1 st Pada in Libra and moves in Aries Navamsa.

Rahu and Ketu move to Cancer and Capricorn Rasis and in Capricorn and Cancer Navamsas,

During the Last Week, Moon had transited from Uttarabhadra to Revathi constellation during Tuesday to Wednesday and had formed a range of 10478 to 10552 which has not broken on the Upper Side and it Breached on the Downside to 10460.
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Second Half Weak (for Monday)

Tithi :: Pushya Sukla Chaturdasi

Nakshatra :: Mrigasira

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

Sensitive / Trend change Timings : 9.37AM; 2.51PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady and remain Steady / Better from 10.20AM till about 11.50 AM and could remain Subdued thereafter from 12.00 PM till 2.50 PM and could remain Better in the last 15 minutes of the day.

Astro Technical Trading Strategy...

If Nifty fut trades below ATP by about 12.00 PM Short Positions can be taken with suitable SL and can be closed by about 2.45 PM.

Technical Levels...
Resistance : 10570,10605 Support : 10490,10455

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