WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 18.04.2016 to 22.04.2016

VOLATILE MOVEMENTS...!  

NIFTY :: 7850 (+ 300)

Nifty closed with utmost gain of about 4% for the week ,despite being  a truncated week.Last week Nifty came close to 200 DMA. In case this week it  is able to close above that level, it would be able to clear a big hurdle . However, 50 DMA too should close above 200 DMA for the rally to sustain.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7646, 7424, 7566 and 7876 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   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 and the Breakdown level : 7700

Planetary Position...

- Moon would be transiting  from Poorva Phlguni 3 rd     Pada in Leo  to Swathi 2nd   Pada in Libra

- Sun transits in  Aswini  2 nd    Pada in Aries  to Aswini  3rd Pada in Aries

- Mercury transits in Bharani 4 th  Pada in Aries  to  Krittika 1 st   Pada in Aries

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

- Mars transits in  Anuradha 4 th    Pada  in Scorpio in Retrograde motion

- 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 2 nd    Pada  in  Leo and  Virgo Navamsa

- Rahu and Ketu transit in Leo and Aquarius

During the 4 days’ of stay between Dhanishta and Revathi, it crossed the high of 7736 and closed at 7850 and it has potential to go upto 7950 too.

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for Monday

Astro Info:: Tithi :: Chaitra Sukla Dwadasi

Nakshatra ::   Poorva Phalguni    (Moon in Leo )

Persons   born in  Mrigasira , Chitta and Dhanishta  constellations and Virgo and Caprocrn    Zodiac signs are advised to be alert in their dealings.

Sensitive / Trend change Timings :: 11.40am ; 12.35pm;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open better and remain so upto 10.15am and then remain  subdued upto 12.15pm and again recover thereafter till about 2.15 pm and once again remain subdued till the end of the show.

Astro Technical Trading Strategy ...

After 12.15 Pm, if Nifty futures trades above the Average Traded Price (ATP), Long Positions can be taken with suitable Stop Loss and such positions can be closed by about 2.15pm. Once again after 2.30 pm, if Nifty futures  trades  below the Average Traded Price , short positions can be taken to close by end of the day.

Technical Levels...

Resistance around 7900, 7950  and Support  around  7800, 7750