WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for Next Week 12.12.2016 to 16.12.2016

Second Half could be mildly Better  

NIFTY : 8139 (- 122)

Nifty traded in  a  narrow  range of 8231  to 8127  during last week and closed at the Lower end for the week at 8139   with a Loss of 122 Points,  a Loss  of  about 1.50%. Market was in negative zone through out the week and more particularly lost 91 points on Monday itself.

- 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.

-  Nifty is Bullish for Medium and Long term, short term could be quite volatile. Unless Nifty comes and closes above 8350, correction would continue to persist.

-  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 Breakdown Level : 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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Closing Weak/ Opening Better  (for Monday)

Tithi ::Margasira Bahula Trayodasi 

Nakshatra ::Anuradha

Persons   born in  Bharani, Pubba and Poorvashadha constellations  and those born in Sagittarius and Aries are advised to be alert in their dealings. 

Sensitive / Trend change Timings ::10.20 AM ; 2.45PM; 

 Likely Intraday Trend…

On the basis of planetary position and aspects amongst planets, Market is expected to open Steady  and remain Better immediately after Opening till about 11 AM and remain Steady thereafter and to remain weak from 2 PM till about end of the day.

Astro Technical Trading Strategy…

If Nifty Fut. Trades above Opening Level / ATP by about 9.30 AM , Long    Positions can be taken  with suitable SL, and such positions can be closed by about 11 AM . After 2.00  PM,  if Nifty fut trades below  the  ATP , Short Positions  can be taken with suitable SL and such positions can be closed by about end of the day.

Technical Levels…

Resistance : 8025, 8055                Support  : 7945, 7910