WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

RBI Policy Crucial for the week   .... !!!        

NIFTY :: 7713 (- 4)

Nifty closed without any gain for the week (despite breaking previous week’s high and Low) . Last week Nifty could not close above 7750. However, RBI Policy is going to be the key for the week . If the rate cut is around 0.50%, it can be considered as discounted and if it is less than that level, market could act negatively and vice versa.

High and Low of these Four days would be quite critical and Nifty would be Bullish above the High and Bearish below the Low for the next Three weeks.

However, there is strong resistance around 7750 (on weekly basis). 

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7574, 7384, 7588 and 7896 respectively and would act as  resistances as Nifty is trading  above most of the   Moving Averages( Except 200 DMA).

- 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  intact.

Technical Levels...

Breakout level 7800 and Breakdown level 7600

Bullish above 7790 with resistance at  7865, 7940,8015

Bearish below 7630 with Supports at 7555, 7480,7405

Planetary Position...

- Moon would be transiting  from Dhanishta 4 th    Pada in Aquarius    to Aswini 2 nd   Pada in Aries .

- Sun transits in  Revathi 2 nd    Pada in Pisces to Revathi 3rd Pada in Pisces 

- Mercury transits in Aswini 1 st     Pada in Aries  to Aswini 4 th  Pada in Aries.

- Venus transits in  in Uttarabhadra 1 st   Pada in Pisces   to Uttarabhadra 2 nd  Pada in Pisces.

- Mars transits in  Anuradha 4 th    Pada  in Scorpio.

- Saturn  gets into retro motion on 25.3.2016 evening and  transits in  Jyeshta 2 nd Pada in Scropio sign and in Capricorn Navamsa .

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

- Rahu and Ketu transit in Leo and Aquarius.

During the week Moon transits from Dhanishta in Aquarius to Revathi in Pisces upto Thursday and this period is quite Sensitive.

  

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(for Monday)

Mid Session Better … !!!    

Astro Info:: Tithi :: Phalguna Krishna Dwadasi

Nakshatra ::   Dhanishta and Sathabhisham   (Moon in  Aquarius )

Persons   born in  Pushyami, Anuradha and Uttarabhadra  (in the forenoon Session) and Aslesha, Jyeshta and Revathi   constellations and Pisces and Cancer Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :: 12.30 pm;2.50pm ;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to remain generally better from 10.30AM to 1.30 PM  and remain subdued thereafter.

Technical Levels...

Resistance around 7765, 7815  and Support  around  7665, 7615  for the day.