WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the week 3.10.2016 to 07.10.2016

RBI Credit Policy holds the Key

NIFTY :: 8611 ( - 221)

Nifty traded in  a wide range of 8810 to 8555  and closed nearer to the low Level at8611with a loss of 221 Points and a loss of  about 2.50%, the main reason for loss being Surgical Strikes on Pakisthan.

Market had closed with a highly negative outlook  with a loss  of 221 points. During the week, another new feature had come up which would affect market. RBI Credit policy on 4^th afternoon by the new RBI Governor also holds the Key.Technically too a correction which has been overdue appear to have come up. Unless Nifty comes and closes above 8800, correction would be on.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8779, 8681, 8407 and 7987 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 : 8725, Breakdown level : 8475

Bullish above 8680 with resistance at  8750, 8825, 8900

Bearish below 8550 with Supports at 8475, 8400,8325.

Planetary Position

- Moon would be transiting  from Swathi 1 st  Pada in Libra  to Moola 1 st  Pada in Sagittarius

- Sun transits from  Hastha 2 nd  Pada in Virgo   to Hastha 4 th Pada in Virgo .

- Mercury  transits from  Uttara  Phalguni 1 st  Pada in Leo to Uttara Phalguni 2 rd    Pada in Virgo .

- Venus transits from Swathi 4 th Pada in Libra  to Visakha 1 st   Pada in Libra .

- Mars transits in  Moola 3 rd    Pada to Moola 4 th Pada in Sagittarius .

- Saturn  transits in  Jyeshta 1 st Pada in Scropio sign and in Sagittarius    Navamsa .

- Jupiter   transits in    Uttara 4 th Pada and  in Virgo Navamsa to Hastha 1 st Pada and in Aries  Navamsa.

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

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 15^th and16th ie., 8848 and 8704. It had come below 8704 on 29 th September and closed 8591 and become Bearish.

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(for Monday)

 

Subdued after Open Session

Tithi ::Aswayuja Sukla Triteeya

Nakshatra ::Swathi

Persons born in Jyeshta , Aslesha and Revathi constellations and Scorpio and Pisces are advised to be alert in their dealings.

Sensitive / Trend change Timings... 9.25AM;9.45AM; 11AM;11.32AM; 1.10PM;3.10 PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open steady  / Better and remain so upto 10.50AM   and remain subdued thereafter till about close of the day.

Astro Technical Trading Strategy...

After 10AM, if Nifty fut trades below the Open Price /Average Traded Price (ATP), Short   positions can be taken with High  as Stop Loss and such positions can be closed by about 3.15PM.

Technical Levels... Resistance : 8650, 8680 Support : 8570, 8535