Sunday, January 7, 2018

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Caution at Higher Levels

Nifty likely to close negative for the Week

Outlook for theWeek 08.01.2018 to 12.01.2018

NIFTY :: 10559 (+28)

Nifty traded in  a  narrow   range of 10405  to 10566   during last week and closed nearer to the High of the range for the week at 10559 with a Gain of 28 Points. Market made a new 52 week high and made a positive weekly close. As the market had gone up 5 th week time in a row and this week it is likely to have a correction.

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 10400.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10424, 10348, 10168 and 9853 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. Nifty continues to trade above all the moving averages and hence can be considered as Bullish.

Technical Levels...

Breakout level :10600 Breakdown level : 10400.

Bullish above 10625 with Resistance at 10700, 10775

Bearish below 10475 with Supports at 10400, 10325.

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 Hastha 2 nd Pada in Virgo to Anuradha 2 nd Pada in Scorpio.

Sun transits from Purvashadha 4 th in to Uttarashadha 1 st Pada in Sagittarius.

Mercury transits from Moola 1st Pada in Sagittarius to Moola 3 rd Pada in Sagittarius.

Venus transits from Purvashadha 4 th Pada in to U Shadha 1 st Pada in Sagittarius.

Mars transits in Visakha 2 nd Pada to Visakha 3 rd Pada in Libra.

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

Jupiter transits in Visakha 2 nd Pada in Libra and moves in Taurus 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 during last week. During the current week, Nifty had broken both on upper and Lower side and finally closed at the upper end for the week.But it had gone up only by about 14 points. If it goes up again next week and closes in the positive, then it could be Bullish.

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Mid Session Better (for Monday)

Tithi :: Pushya Bahula Sapthami

Nakshatra :: Hastha

Persons born in Punarvasu, Visakha and Poorvabhadra and those born in Libra and Aquarius are advised to be alert in their dealings.

Sensitive / Trend change Timings : 1.20 PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Subdued and remain So till about 10.50 AM and could remain Better thereafter till about 2.10 PM and to remain Subdued/Steady thereafter till about close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades below ATP by about 9.30 AM Short Positions can be taken with suitable SL and such positions can be closed by about 10.45 AM. IF Nifty fut trades above ATP by about11.00AM. Long Positions can be considered with suitable Stop Loss and such positions can be closed by about 2.00 PM.
Technical Levels...
Resistance : 10705,10740 Support : 10520,10485
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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 intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. 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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