WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Nifty Outlook for Next Week :: (30.11.2015 to 04,12.2015)

BULLISH MOVEMENT TO CONTINUE

NIFTY :: 7943 (+86)

Nifty traded in a zigzag fashion and closed higher for the week with a gain of 1.15% , this being 2^nd week of successive weekly gain.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7905, 7997, 7997 and 8143.  respectively and would act as supports / resistances. Nifty is trading  below most of  the Moving Averages.

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

Nifty has once again crystallized  its Medium term trend with Nifty having closed below  8100. Nifty would face strong resistance   around 8050, above   which it will have real bullishness .

After Two weeks of Bullishness, it can go up One more week too,

Technical Levels ::

Bullish above 8010 with resistance at  8085, 8160,8225

Bearish below 7870 with Supports at 7795, 7720, 7650.

Breakout level : 8050 Breakdown level : 7800

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 Last week’s Close.

Planetary Position

Moon would be transiting  from Pushyami 2 nd    Pada in Cancer    to  Uttara 1 st  Pada in Leo.

Sun transits in   Anuradha 4 th   Pada in Scorpio to Jyeshta 1 st  Pada

Mercury transits in Jyeshta  2 nd Pada to Jyeshta  4 th Pada.in Scorpio,

Venus transits in  in Chitta 3rd    Pada  in Libra to Chitta 3 rd Pada.

Mars transits in    Hastha 2nd Pada in Virgo to ,Hastha  3 rd  Pada.

Saturn  transits in   Anuradha constellation in Scropio sign in 4th  Pada  and in

Scorpio Navamsa

Jupiter ,, transits in  Leo in  Uttara 1 st   Pada in  Sagittarius   Navamsa .

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