WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Sell on Rise

Nifty Outlook 16.11.2015 to 20.11.2015

NIFTY :: 7762 (-192)

Nifty traded in a clear Bearish way and fell further by about 200  points by about 3%, completing 3 weeks of bearishness.   Bihar election results came out in the most unexpected way.    

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8085, 7981, 8196 and 8338.  respectively and would act as supports / resistances. Nifty is trading  below all 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.

Technical Levels ::

Bullish above 7850 with resistance at 7925, 8000, 8075

Bearish below 7700 with Supports at 7625, 7550, 7475.

Breakout level : 8000 ; Breakdown level : 7650.

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 P Shadha 3 rd  Pada   in Sagittarius   to   Sathabhisham 4th  Pada in Aquarius,   

Sun transits in  Visakha 3 rd    Pada in Libra   to Anuradha 1 st   Pada in Scorpio.

Venus transits in  in Hastha 2 nd    Pada  in Virgo to Hastha 3 rd   Pada in Virgo.  .

Mars transits in   Virgo  in  Uttara 4 th  Pada.to Hastha 1 st  Pada in Virgo. ,

Saturn  transits in   Anuradha constellation in Scropio sign in 3^rd  Pada  and in Libra Navamsa .

Jupiter ,, transits in  Leo in  Poorva Phalguni  4 th  Pada in  Scorpio  Navamsa .  

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

Moon transits in Dhanishta and Sathabhisham constellations on 19^th  and 20^th and the range of these Two days will be reference range for the next Three weeks and Nifty wiould be Bullish above the High and Bearish below  the low.