WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Nifty Bullish above  8050 ! 

                           

Outlook for Week 05.10.2015 to 09.10.2015

NIFTY :: 7951    (+82)

Nifty gained smartly following the reporate reduction of 0.50% and gained about 1%.

RBI gave more than market expectation .

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7827, 8248, 8227 and 8397.  respectively and would act as supports / resistances. Nifty is trading  below  most of   the  averages  which is a matter of  concern.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Bearish  trend is   in    tact.

Technical Levels ::

Breakout level 8050: Breakdown level 7690

Bullish above 8025 Resistance at 8100, 8175, 8250

Bearish below 7875 Supports at 7800, 7725, 7650.

Advice for Traders : Medium term would once again turn bullish only if Nifty is able sustain above 8150 for about Two weeks. Nifty would face  resistance around 8110, above which it will have real bullishness and has strong support around 7500 too. Astrologically, nifty is expected to be Bearish over the next two weeks, Weekly Open level is very important for the entire week. Long  positions may be considered  as long as it maintains above the Last week’s High.

Planetary Position

Moon would be transiting  from Punarvasu 1^st   Pada  in Gemini   to Makha 4 th  Pada in Leo.

Sun transits in  Hastha 3rd Pada in Virgo  to Hastha 4th  Pada in Virgo.

Mercury   transits  in Uttarashadha 4 th  Pada  to  . Uttarashadha  3rd Pada.  Mercury turns Retrograde from 17^th September till 9^th October 2015. There would be possibility of miscommunication as Mercury rules communication.

Venus transits in Direct motion  in   Makha 1^st  in Leo to Makha 2^nd Pada in Leo. .

Mars transits in  Makha  Makha 4^th    Pada.  In Leo to Pubba 1^st Pada,

Saturn moves into Direct motion and transits in   Anuradha constellation in Scropio sign in 2 nd  Pada  and in Virgo Navamsa .

Jupiter ,, transits in  Leo in  Pubba 2 nd  Pada in Virgo  Navamsa .  

Rahu and Ketu continue their transit in Virgo and Pisces  respectively.

Moon transits between Uttarabhadra and Revathi during 28^th September and 29^th September 2015.