WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for Week 09.05.2016 to 13.05.2016

Second Half Bearish   .... !!!

NIFTY :: 7733 (-116)

Nifty traded in  a narrow range and closed with a loss  of about 1.60%.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7791, 7565, 7589 and 7838 respectively and would act as  resistances as Nifty is trading  above half   the   Moving Averages.  

While Nifty continues to trade above    the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in  tact.

Nifty is trading  below 200 and 20 DMA. Strong support is seen around 7550 to 7600.

During the week Second half is expected to be Bearish.

Four Planets out of Seven Planets are transiting in Retrograde motion and as already pointed out, has been under mild correction which can be extended into current week too . Current week Second half is expected to be Bearish.

Technical Levels ::

Bullish above 7800 with Resistance at  7875, 7950,8025

Bearish below 7675 with Supports at 7600, 7525,7450.

Breakout level : 7850 Breakdown : 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 Weekly open level.

Planetary Position...

- Moon would be transiting  from Mrigasira 2 nd    Pada in Taurus to Aslesha 3^rd    Pada in Cancer.  

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

- Mercury, in retrograde motion ,  transits in  Bharani 4 th  Pada in Aries to Bharani 3 rd PAda,

- Venus transits in  in Bharani 2 nd  Pada in Bharani 3 rd  Pada in Aries.

- Mars, in Retrograde motion, transits in  Anuradha 3 rd   Pada  in Scorpio.

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

- Jupiter ,  in Retrograde motion,  transits in    Pubba 2 nd    Pada  in  Leo and Virgo    Navamsa and will become Direct on 9^th Evening.

- Rahu and Ketu transit in Leo and Aquarius.

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for Monday dt 11-05-2016

Astro Info:: Tithi :: Vaisakha Sukla Triteeya

Nakshatra ::  Mrigasira     (Moon in Taurus)

Persons   born in  Pushyami , Anuradha and Uttarabhadra   constellations and Gemini and Libra     are advised to be alert in their dealings.

Sensitive / Trend change Timings : 1.02PM;

Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady / better and remain so till about 10.15 AM and could remain  subdued thereafter till about 1PM and is expected to remain better thereafter.  

Astro Technical Trading Strategy...

After 10.30 Am, If Nifty fut. Trades below  the  Open Level / Average Traded Price, Short  Positions can be taken with High Level as Stop Loss and such positions may be closed by about 1  PM. After 1.15PM,if Nifty fut trades above ATP, long positions can be taken with suitable Stop loss and those position may be closed by end of the day.

Technical Levels...

Resistance around 7775, 7800  and Support  around  7690, 7660.