Sunday, January 14, 2018

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Caution at Higher Levels          

Outlook for the Week 15.01.2018 to 19.01.2018

NIFTY : 10681 (+122)

Nifty traded in  a  narrow range of 10589  to 10690 during last week and closed nearer to the High of the range  for the week at 10681 with a Gain of 122 Points (about 1.16%).  Market Gained  about 122 points through out the week only by losing  5 points  on Wednes day. Market had goneup for 6 weeks in a row and next week again it could go up for One more week.

- Market had closed with a  Positive   outlook  with a Gain of 1.16% i.e.,116 points . The short term trend is quite Bulliish. It is quite  Bullish   for  Both  Medium Term and  Long term. However, Short term would become Bearish if Nifty comes  Down and closes below  10500.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10527, 10390, 10225 and 9907 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 Eleven    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…

Breakout level : 10750          Breakdown : 10500

Bullish above 10750  with Resistance at  10825, 10900

Bearish below 10600  with Supports at 10525, 10450 

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 Moola3 rd Pada   in Sagittarius to Dhanishta 3 rd Pada in Aquarius.

- Sun transits from  U Shadha 2 nd Pada   to Uttarashadha 3 rd   Pada in Capricorn.

- Mercury transits  from Moola 4th     Pada in Sagittarius   to Poorvashadha 2 nd    Pada  in Sagittarius.

- Venus transits from  U Shadha  2 nd   Pada in    to U Shadha 4th   Pada in Capicon.

- Mars  transits in Visakha 3d   Pada in Sagittaius  to Visakha 4th Pada in Scopio .

- 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  Weekof December, Moon had  transited  from Uttarabhadra to Revathi constellation 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 on upper  and finally closed at the upper end for  the  week. It had gone up again last week and closed in the positive, thus it turned out to be   Bullish again for the next week too.

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SecondHalfSubdued (for Monday)

Tithi :: Pushya Bahula Chaturdasi

Nakshatra ::Moola

Persons born in  Rohini, Hastha and Sravana and those  born in Capricorn and Taurus are advised to be alert in their dealings. 

Sensitive/Trend change Timings :9.31AM;12.32

Likely Intraday Trend…

On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady  and  remain  Subdued  from  9.30 AM to11.00AMand would remain Better from 11.10 AM till 12.40 and Subduedfom12.50PMtillaboutCloseoftheday.

Astro Technical Trading Strategy…

If Nifty fut trades  below  ATP by about 9.40 AM Shot Positions can be taken with suitable SL and such positions can be closed by about 11.00 AM. IF Nifty fut trades above ATP by about 11.15AM, Long Positions can be taken,with,suitable,SL by about 11.15 AM with proper SL and such positions can be closed by about 12.30PM.If,NiftyFut,tades,below,ATP,by,about,1.30PM,Such,positions,can,be,taken,with,suitable,SL,and,such,positions,can,be,Closed,by,end,of,the,day.

Technical Levels…

Resistance : 10720,10755   Support  : 10640,10605

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