WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Close to Resistance   

for Next Week 12.12.2016 to 16.12.2016

NIFTY : 8262 ( +175)

Nifty traded in a range of 8275 to 8057 during last week and closed at the highest level for the week at 8262  with a gain of 175 Points, a gain of about 2.1%, Market was in positive zone throughout the week and more particularly gained 145 points on Thursday itself. This rise was despite the status quo position in respect of Repo rate in respect of RBI Policy.

The short term trend is Down, it had retraced by about 355 points and is close to Resistance Point.  It is reasonably  Bullish for Medium and Long term, short term could be quite volatile. Unless Nifty comes and closes above 8400, correction would continue to persist.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8180, 8547, 8420 and 8119 respectively and would act as  Supports  and Resistances as Nifty is trading  below 50 and 100 DMA .  

- Nifty continues to trade above   the  200 DMA and is trading below 50 DMA but 50 DMA has come above   200 DMA (Golden   Cross) suggesting that the Long term outlook is reasonably  Bullish.

Technical Levels :

Breakout level : 8450 and the Breakdown level : 8100

Bullish above 8325 with resistance at 8400, 8475, 8550

Bearish below 8200 with Supports at 8175, 8100,8025

-----------------------------------   

          

Planetary Position…

-  Moon would be transiting  from  Krittika 2 nd Pada in Taurus  to Pushyami 1 st Pada in Cancer.

- Sun transits from  Jyeshta 3 rd Pada in Scorpio to Moola 1 st Pada in Sagittarius.

- Mercury  transits from  Poorvashadha 2 nd  Pada to Poorvashadha 3 rd Pada in Sagittarius .

- Venus transits from  Sravana 1 st Pada in Capricorn   to Sravana 3 rd  Pada in Capricorn.

- Mars transits in   Dhanishta 3 rd Pada to Dhanishta 4 th  Pada in Capricorn.

- Saturn, in Direct  motion ,   transits in  Jyeshta 3 rd    Pada in Scropio sign and in Aquarius  Navamsa .

- Jupiter   transits in     Chitta 1 st   Pada in Virgo and in Leo   Navamsa.

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

Market  moved between 8131 and 8275 when Moon transited in Aquarius and Pisces between 6^{th (} Tuesday) and 9 th (Friday ) of  December .If Nifty crosses and closes above 8275, it would be Bullish with a target of 8415 and if it breaches 8131 it would be Bearish with a target of 8095.

----------------------------------

For Monday…

First  Half Better

Tithi ::Margasira Sukla Trayodasi

Nakshatra ::  Krittika

Persons   born in  Aardra,Swathi and Sathabhisham constellations  and those born in Gemini and Libra are advised to be alert in their dealings. 

Sensitive / Trend change Timings : 9.35 AM; 2.05PM;

 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 9.55 AM and remain Better   from 10 AM  to 1.00PM  and remain Subdued from 1.15 PM .

Astro Technical Trading Strategy…

If Nifty Fut. Trades above the   Open level / ATP by about 10 AM Long Positions can be taken  with suitable SL, and such positions can be closed by about 1PM. After 1.15 PM, if Nifty futures trades below the  ATP ,Short  positions can be taken with suitable SL and such positions can be closed by about 3.30PM.

Technical Levels…

Resistance : 8300, 8335   Support : 8225, 8190