WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

 For the Week  12.12.2016 to 16.12.2016

Dual Movement         

          

Market  moved between 8131 and 8275and closed with a Loss of 1.50% (122 points) when Moon transited in Aquarius and Pisces between 6^{th (} Tuesday) and 9 th (Friday ) of  December. Market was in negative zone through out the week and more particularly lost 91 points on Monday itself. The main event for the  week was US Fed rate hike.

During last week, it did not cross the High of the relevant week but it came below the Low of the relevant week just by about Nine points in a hurried Opening when US Fed raised the interest rates on Thursday morning. However, Since it had cut the Low of the range it is possible that it could test 8000 mark. Further, Mercury has turned Retrograde on Monday evening for about Three weeks and during this period market would move in a Dual way and the information during this period could be unreliable.

While the short term trend is Down, it had retraced by about 355 points and again after giving up more than about 150 points and it is close to Support  Point of about 8000.  it is reasonably  Bullish for Medium and Long term, short term could be quite volatile. Unless Nifty comes and closes above 8350, correction would continue to persist.
  

NIFTY :: 8139 ( - 122)

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8128, 8369, 8530 and 8201 respectively and would act as  Supports  and Resistances as Nifty is trading  only above 20  DMA .  

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

  

Technical Levels ::

Breakout level : 8350 and  Breakdown : 8000

Bullish above 8200 with Resistance at  8275, 8350, 8425

Bearish below 8160 with Supports at 8085, 8010,7950

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Planetary Position

- Moon would be transiting  from  Makha 4 th  Pada in Leo  to Chitta 4 th  Pada in Leo.

- Sun transits from  Moola 2 nd  Pada  to Moola 3 rd  Pada in Sagittarius.

- Mercury  transits from  Poorvashadha 3 rd   Pada to Poorvashadha 2^nd  Pada(in Retrograde Position ) in Sagittarius .

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

- Mars transits in   Dhanishta 4 th Pada to Sathabhisham 1 st  Pada in Aquarius .

- 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 Virgo  and Pisces  Navamsas

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For Monday

Forenoon Subdued

Tithi ::Margasira Bahula Shashti

Nakshatra :: Makha and Pubba

Persons   born in  Rohini, Hastha and Sravana & Mrigasira, Chitta and Dhanishta (in the afternoon) \ constellations  and those born in Virgo and Capricorn are advised to be alert in their dealings. 

Sensitive / Trend change Timings :: 12.05 PM ;1.00PM;

 Likely Intraday Trend…

On the basis of planetary position and aspects amongst planets, Market is expected to open Steady / Subdued  and remain so upto  about 1.00 PM  and remain better thereafter till about 2 PM and could remain steady / subddued thereafter till about end of the day.

Astro Technical Trading Strategy…

If Nifty Fut. Trades below   ATP by about 9.30AM , Short  Positions can be taken  with suitable SL, and such positions can be closed by about 12.45 PM . After 1.00 PM,  if Nifty fut trades above the  ATP , Long  positions can be taken with suitable SL and such positions can be closed by about 2.00 PM .

Technical Levels…

Resistance : 8180, 8215   Support : 8100, 8070