WEEKLY ASTRO TECHNICAL GUIDE

for Week 12.09.2016 to 16.09.2016

Volatile Movements     
   
NIFTY :: 8867 (+57)

Nifty traded in  a   range of 8969 to 8848  and closed nearer to the Low  Level  at 8848 with a  gain of  57 Points and gained  less than 1%. Market had closed with a positive week for the Second time.  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 behave in a volatile way  in the Short Term mode. 

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8785, 8589, 8294 and 7930 respectively and would act as  Supports  as Nifty is trading  above most of     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 is  Bullish. 

Technical Levels ::
Breakout level : 8950, Breakdown level : 8775.
Bullish above 8950 with Resistance at  9025, 9100 
Bearish below 8800 with Supports at 8725, 8650.
There is very good Support around 8775.

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.
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Planetary Position...
- Moon would be transiting  from Poovashadha 4 th  in Sagittarius       to Poorvabhadra 2nd    Pada in Scorpio .
- Sun transits from  Pubba 4 th   Pada in Leo  to Uttara Phalguni 1 st     Pada in Leo.
- Mercury  transits from  Uttara Phalguni 1 st   Pada in Virgo   to Pubba 3 rd    Pada in Virgo , It got into Retrograde Position (Retrograde from 30-8-16 from 6.34PM till 22nd September 11.01AM) During Mercury Retrograde period, market will have dual movements.
- Venus transits from Hastha 4 th   Pada in Virgo    to Chitta 2 nd   Pada in Virgo.
- Mars transits in  Jyeshta 3 rd    Pada to Jyeshta 4 th  Pada in Scorpio .
- Saturn, in Direct  motion ,   transits in  Anuradha 4 th  Pada in Scropio sign and in Scorpio   Navamsa .
- Jupiter   transits in   Uttara 3 rd  Pada to Uttara 4 th Pada and  in Aquarius  and Pisces 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 8614 to 8697, in a narrow range. Thereafter  it crossed the High Level of 8697 on 30.08.16, it had  become Bullish and went upto 8969 on 7.9.16 and closed at 8867. Hence, unless it goes below 8614 , it would remain Bullish only for the month. It had almost finished the higher target also for themonth. Next month, Market would commence from 15 th to 16 th of September and It would become Bullish if it crosses the High and Bearish if it crosses the Low of the range of 15th and16th.
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for Monday...

Bullish time from 10 AM
 
Tithi ::Bhadrapada Sukla Ekadasi

Nakshatra ::P.Ashadha and Uttarashadha 

Persons   born in  Aardra , Swathi and Sathabhisham   constellations and Capricorn and Taurus    are advised to be alert in their dealings.
Sensitive / Trend change Timings :: 9.20AM; 9.55AM;11.05AM;

Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady   and remain generally subdued till about 9.45AM and recover thereafter from about 10 AM till about 2.15 AM  and again remain steady / subdued thereafter till about close of the day.

Astro Technical Trading Strategy...
After 10.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 2.15PM. 

Technical Levels...
Resistance : 8905, 8935, Support : 8830,8800. 



- Dr. Bhvanagiri Amaranatha Sastry, Astro Technical Analyst