Sunday, June 3, 2018

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Current  week is quite Crucial

Outlook for the Week 04.06.2018 to 08.06.2018

NIFTY : 10696 (+91)  

Nifty traded in a  range of 10558  to 10765 during last week and closed nearer to the  Upper end of the the week at 10696 with a Gain of  91  Points (a Gain  of  about 0.86%).  It has made a Positive weekly  close for the Second week in a row.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10660, 10507, 10548 and 10348 respectively and would act as  Supports  and Resistances.

- Nifty now trading above all the moving averages and 50 DMA has come above 200 DMA (Golden Cross has come more than about 16 months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages.

Technical Levels...

Breakout level :10800 Breakdown level :10550

Bullish above 10775 with Resistance at 10850, 10925

Bearish below 10625 with Supports at 10550, 10475.

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 Sravana 4 th Pada in Capricorn to Uttarabhadra 3 rd Pada in Pisces.

- Sun transits from Rohini 3 rd Pada in Taurus to Mrigasira 1 st Pada in Taurus.

- Mercury transits from Rohini 3 rd Pada Taurus to Mrigasira 1 st Pada in Taurus.

- Venus transits from Punarvasu 2 nd Pada in Gemini to Punarvasu 3 rd Pada in Gemini.

- Mars transits in Sravana 1 st Pada in Capricorn to Sravana 1 st Pada in Capricorn .

- Saturn, in Retrograde motion, and transits from Poovashadha 1 st Pada to Moola 4 th Pada in Sagittarius and moves from Leo Navamsa to Cancer Navamsa.

- Jupiter, in Retrograde motion, transits from Visakha 1 st Pada in Libra and transits in Aries Navamsa.

- Rahu and Ketu moves from Pushyami 4 th Pada in Cancer and Sravana 2 nd Pada in Capricorn Rasis and transits in Scorpio and Taurus Navamsas.

Moon would coomence its transit from Aquarius to Pisces from Tuesday to Friday (5.6.18 to 8.6.18) and would make a range which would have to be cut off on the upside or breached on the downside the following week.

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Fore Session Better (for Monday)

Tithi :: Adhika Jyeshta Krishna Shashti

Nakshatra: Sravana

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

Sensitive / Trend change Timings : 10.40AM; 3.03 PM


Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to remain Better from 9.30AM till about 2.00 PM and remain Steady/Subdued till about Close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 9.30 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 1.45P M. If Nifty fut trades below 2.15PM, Short Positions can be taken with suitable SL and Such Positions can be closed by about end of the Day.

Technical Levels...
Resistance : 10745,10780 Support : 10655,10620

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