WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Scrip wise Movements…!  

               

Nifty Outlook for Week 23.11.2015 to 27.11.2015

NIFTY :: 7857 (+95)

Nifty traded in a zigzag fashion a d closed higher for the week with a gain of 1.25% after Three weeks of Loss.

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

After 3 weeks of bearishness, it had  a pullback for a week and again it may resume bearishness.

Moon transits in Dhanishta and Sathabhisham constellations on 19^th  and 20^th and Revathi upto 12.15pm

On 23^rd November and the range of these Three  days will be reference range for the next Three weeks and Nifty wiould be Bullish above the High and Bearish below  the low and the range of Nifty on 19^th and 20^th was 7907 and 7765.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7978, 7979, 8164 and 8326.  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 7925 with resistance at  8000, 8075,8150

Bearish below 7775 with Supports at 7700, 7625, 7550.

Breakout level : 8000 Breakdown level : 7700

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 Revathi 4^th   Pada   inPisces   to   Mrigasira 3 rd  Pada in Gemini

Sun transits in   Anuradha 1 st   Pada in Scorpio to  Anuradha 3 rd Pada

Mercury transits in Anuradha 2 nd Pada to Anuradha 4 th Pada.

Venus transits in  in Hastha 4 th    Pada  in Virgo to Chitta 2^nd Pada.

Mars transits in    Hastha 1 st  Pada in Virgo to ,Hastha 2^nd Pada.

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.