ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 14.03.2016 to 18.03.2016

CRUCIAL WEEK for FURTHER MOVEMENT

NIFTY :: 7510 (+ 25)

Nifty had a very tight week and moved in a narrow range last week and closed with a small rise of only 25 points. Nifty could not go above 7550, a strong resistance and if during the week, if it is able  to close above that level, then only it would open gates for fresh rally on the upside.

During the last  week (8.3.16 to 11.3.16) Nifty moved in a narrow range ( between 4424 to 4547).  For the next Three weeks, last week’s range could be regarded as the reference range and Nifty would be Bullish above the High and Bearish below the Low of the range.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7231, 7388, 7657 and 7934.  respectively and would act as  resistances as Nifty is trading  below the Long term  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 7575 with Resistance at  7650, 7725, 7800

Bearish below 7450 with Supports at 7375, 7300, 7225

Breakout level : 7600 and Breakdown level : 7350

Advice for Traders...

Last week was a very narrow week  which has defined the reference range for the next Three weeks. 7550 -7560 would be the upper range which would be crucial and if it is unable to pierce the afore mentioned range, it would be able to break the down side range of 7325.

Planetary Position...

- Moon would be transiting  from  Krittika 4 th Pada to Pushyami 2 nd Pada in Cancer .

- Sun transits in   Poorvabhadra 3 rd   Pada in Aquarius to U Bhadra 1 st   Pada  in Pisces.

- Mercury transits in P Bhadra 1 st    Pada in Aquarius    to P Bhadra 3 rd    Pada in Aquarius.

- Venus transits in  in SAthabhisham 1 st  Pada    to  Sathabhisham 2 nd   Pada in Aquarius .

- Mars transits in  Anuradha 2 nd     Pada and Anuradha 3 rd Pada in Scorpio..

- Saturn  transits in  Jyeshta 2 nd Pada in Scropio sign and in Capricorn Navamsa .

- Jupiter , gets into Retrograde motion and transits in  Leo in  Pubba 4 th   Pada and Pubba 3 rd Pada in  Leo and Scorpio / Libra    Navamsa .

- Rahu and Ketu transit in Leo and Aquarius.

During the week, Sun ingresses into Pisces on 14^th at 11.02AM and that day’s market range is also important for further movement /direction  of  the market.

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for Mon day, 14.03.2016

Zigzag Movements with Bullish Bias… !

Astro Info...

Tithi :: Phalguna Sukla  Shashti & Saptami

Nakshatra ::  Krittika (UPto 9.25) and Rohini   (Moon in Taurus  ) .

Persons   born in  Punarvasu, Visakha and P Bhadra constellations and Gemini and Libra    Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings ::9.25am ;11.00am;; 3.05 pm;

Likely Intraday Trend for 14.03.2016::

On the basis of planetary position and aspects amongst planets, Market is expected to open generally Better and remain so till about 11.30am  and remain subdued till about 1.30pm and recover smartly after 2 pm.,

Astro Technical Trading Strategy

After 9.30 AM ,    if Nifty fut trades  above   the Open Price / ATP(Average Traded Price) , Long   positions  can be taken with  Low Level  as stop loss    and  such positions may be closed by about 11.30am., Again after 2pm, if Nifty trades above ATP, long positions can be taken with a stop loss of 20 points and to be closed by end of the day.

Open level is important for intraday trading and generally, intraday short positions are suggested  below   Day’s open level only and vice versa.

Stop loss is a must for intraday trading

Technical Levels

Resistance around 7570, 7630 and Support  around  7450, 7390