WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 18.07.2016 to 22.07.2016

Caution at Higher Level    

NIFTY :: 8541 (+ 218)

Nifty traded in  a wide range (8407 and 8595) and closed with a gain  of about 2.5% . Market,technically, has become over bought and is suggesting a correction. FII Inflow is to be watched carefully and if the inflows are either tepid or become negative, it is to be viewed as negative.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8311, 8134, 7856 and 7816 respectively and would act as  Supports  as Nifty is trading  above all    the   Moving Averages.  

- Nifty continues to trade above    the  200 DMA and  50 DMA too has come above   200 DMA (Golden   Cross) suggesting that the Long term outlook has become Bullish.

Technical Levels ::

Bullish above 8600 with resistance at  8675, 8750,8825

Bearish below 8475 with Supports at 8400, 8325,8250.

Breakout level :: 8625 Breakdown level :: 8400

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Planetary Position...

- Moon would be transiting  from Moola 4 th    Pada in Sagittarius    to Sathabhisham 1 st   Pada in Aquarius .

- Sun transits from  Punarvasu 4 th  Pada in Cancer  to Pushyami  1 st    Pada in Cancer.

- Mercury  transits from  Pushyami 4 th  Pada in Gemini   to Aslesha  2 nd   Pada in Gemini ,

- Venus transits from Pushyami 3 rd    Pada in Gemini to Aslesha 1 st   Pada in Cancer .

- Mars, in Direct motion, transits in   Visakha 4 th   Pada in Libra .

- Saturn, in Retrograde motion ,   transits in  Anuradha 4 th  Pada in Scropio sign and in Scorpio   Navamsa .

- Jupiter   transits in  Pubba 4 th   Pada  in  Leo and in  Scorpio  Navamsa .

- Rahu and Ketu transit in Leo and Aquarius and in Libra and Aries Navamsas,

Market is going to move in between Aquarius and  Pisces during forthcoming Friday to next  Tuesday and this period would be quite sensitive for the markets. Market would be Bullish above the High of this range and Bearish below the Low of this range. A new Solar Month had commenced from July 16^th at 9.50AM and it appears that the new month does not seem to be Bullish. Hence, this month investors need to be catious.

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for Monday

Volatile Movements with Bearish Bias    

Astro Info:: Tithi ::Ashadha Sukla Ekadasi Nakshatra :: Anuradha

Persons born in  Bharani , Pubba, Poorvashadha   constellations and Sagittarius and Aries    are advised to be alert in their dealings.

Sensitive / Trend change Timings :: 9.35AM; 11.50PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open steady/Subdued    and remain so till about 10.30AM and remain Better thereafter till about 1.00 PM and again remain subdued thereafter till about 3PM and again recover thereafter.

Astro Technical Trading Strategy...

After 10.45AM, if Nifty fut trades above the  Average Traded Price(ATP), Long  positions can  be taken with suitable    Stop Loss and such positions can be closed by about 12.45PM. After 1.00 PM, if Nifty futures trades below the ATP, Short positions can  be taken with Suitable Stop Loss and such positions may be closed by 3.00PM.

Technical Levels...

Resistance : 8580, 8610, Support  : 8500, 8460 

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