WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for  22.08.2016 to 26.08.2016

Scrip Specific Movements        

NIFTY :: 8667 (- 5 )

Nifty traded in  a  very narrow range of 8600 to 8697 and closed at 8667 with a small loss  of about 5 Points . FII Inflow is to be watched carefully and if the inflows are either tepid or become negative, it is to be viewed as negative. Market could go up further in Medium Term and also in Long term due to passage of GST Bill but could only go down in the Short Term mode. Current week being F&O Expiry week, market will move scrip specific wise and Bullish scrip will become further Bullish and Bearish scrips would become further Bearish.

-  - 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8628, 8432, 8152 and 7879 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 ::

Breakout level : 8800, Breakdown level : 8550

Bullish above 8750 with Resistance at 8825, 8900,

Bearish below 8625 with Supports at 8550, 8475.

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 Revathi 3 td in Pisces    to Mrigasira 1 st   Pada in Taurus. 

- - Sun transits from  Magha 2 nd  Pada in Leo  to Magha  3 rd    Pada in Leo.

-  -  Mercury  transits from  Uttara Phalguni 2 nd   Pada in Virgo to Virgo  3 rd   Pada in Virgo

-   -  Venus transits from Pubba 4 th   Pada in Leo   to U Phalguni 2 nd  Pada in Virgo.

-   -  Mars transits in  Anuradha 4 th    Pada to Jyeshta 1 st  Pada in Scorpio .

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

-      -  Jupiter   transits in   Uttara 2 nd Pada and  in Capricorn Navamsa.

-      -  Rahu and Ketu transit in Leo and Aquarius and in Virgo  and Pisces Navamsas

Market is to move  in between Aquarius and  Pisces during 18 ^th  August  to 22 nd August  and established a range of 8647 to 8697, in a narrow range. By Monday, it would establish the full range and thereafter if it crosses the High, it would become Bullish and otherwise it would become Bearish.

 

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for Monday…

Bullish after Open Session 

  

Tithi ::Sravana Bahula Panchami  

Nakshatra :: Revathi  

        

Persons   born in  Krittika, Uttara and Uttarashadha  constellations and Aries and Leo    are advised to be alert in their dealings.

Sensitive / Trend change Timings :: 11.25AM; 10.45AM; 2.35PM

Likely Intraday Trend…

On the basis of planetary position and aspects amongst planets, Market is expected to open steady / Subdued    and recover from about 11.30 AM  till about close of the day.

Astro Technical Trading Strategy…

After 11.45 Am, 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 3.00 PM.

Technical Levels…

Resistance : 8705, 8735, Support  : 8630, 8595