Sunday, February 4, 2018

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY


One more week Fall

Outlook for the Week 05.02.2018 to 09.02.2018

NIFTY : 10761 (-309)

Nifty traded in a wide range of 10740 to 11172 during last week and closed nearer to the Low of the range for the week at 10761 with a Loss of 310 Points, (about 2.79%). On Tuesday and Friday market lost by about 337 points afetr reaching a new 52 week high on Monday. Market closed negative after 8 weeks of positive Close in a row. Market having fallen after 8 weeks of rise, it could fall for One /Two weeks more too.

- When Moon had transited between Aquarius and Pisces Nifty completed the range 10830 and 11093. During the week, it went above the High and also it came below the Low too. If the fall continues, the First target is 10590 and 10330.


- The short term trend is quite Bearish. It is quite Bullish for Both Medium Term anLong term too. However, Short term would become Bullish if Nifty goes UP and closes above 11000.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10846, 10550, 10349 and 10008 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 a Year 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 :11000 Breakdown level :10500.

Bullish above 10835 with Resistance at 10910, 10985,11160

Bearish below 10685 with Supports at 10610, 10535,10460.

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 4 th Pada in Virgo to Anuradha 4 th Pada in Scorpio.

Sun transits from Sravana 4th Pada to Dhanishta 1st Pada in Capricorn.

Mercury transits from Sravana 2nd Pada Capricorn to Sravana 4th Pada in Capricorn.

Venus transits from Dhanishta 2nd Pada in Capricorn to Dhanishta 4th Pada in Aquarius.

Mars transits in Anuradha 3rd Pada in Scorpio to Anuradha 4th Pada in Scopio .

Saturn transits in Moola 4 th to 4 th Pada in Sagittarius and moves in Cancer Navamsa.

Jupiter transits in Visakha 3 rd Pada in Libra and moves in Gemini Navamsa.

Rahu and Ketu move to Cancer and Capricorn Rasis and in Capricorn and Cancer Navamsas.
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Mid Session Subdued (for Monday)

Tithi :: Magha Bahula Shashti

Nakshatra ::Hastha & Chitta

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

Sensitive / Trend change Timings : 10.15AM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Subdued and to remain So till about 9.45 AM and to remain Subdued again from 10.45 AM till about 2.30 PM and to remain Better from 2.30 PM till about close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades below ATP by about 10.45 AM, Short Positions can be taken with suitable SL and such positions can be closed by about 2.15 PM. If Nifty fut trades above ATP by about 2.45 PM, Long Positions can be taken with Suitable SL and Such Positins can be Closed by about Close of the day.

Technical Levels...
Resistance : 10800,10835 Support : 10720,10685
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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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