WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

For the Week  09.01.2017 to 13.01.2017  

Market would become Bullish above the last week’s High       

NIFTY :: 8244  ( + 58)

Nifty traded in  a  narrow range of 8134 to 8307  during last week and closed at the middle range  for the week at 8244. Market had closed with a Positive  outlook  with a Gain  of 0.60% i.e.,58 points and gained 83 points only on Thursday. The short term trend has turned Up and now it was in general Positive zone. It is reasonably Bearish for Medium and Long term, short term could be quite volatile. The Budget Proposals could provide the required guidance for market.

- Moon transited  between Aquarius and Pisces during last week and the range of last week i.e., 8134 and 8307, would be crucial for the next Three weeks and if  the High is Crossed, it would become further  Bullish and if the Low is breached, it would become Bearish. Hence, last week’s High and  Low are very important for almost the entire month till Low or High are breached.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8121, 8202, 8454 and 8266 respectively and would act as  Supports  and Resistances as Nifty is trading  below  the long term  Moving Averages  .

 - Nifty continues to trade below   the  200 DMA but above the 50 DMA and  50 DMA has  come below   200 DMA (Death  Cross has come towards last month  end) suggesting that the Long term outlook has become   Bearish.

  

Technical Levels ::

Breakout level : 8400            Breakdown level : 8050

Bullish above 8310 with resistance at  8375, 8440, 8500

Bearish below 8180 with Supports at 8115, 8050,7985.

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  Krittika 4 th Pada in Taurus  to Pushyami 3 rd Pada in Cancer

- Sun transits from  Poorvashadha 4 th Pada  to Uttarashadha 1 st  Pada in Sagittarius.

- Mercury  transits from Moola 2 nd  Pada to Moola 2 nd Pada  in Sagittarius .

- Venus transits from  Sathabhisham 2 nd  Pada in Aquarius  to Sathabhisham 2 nd  Pada in Aquarius.

- Mars transits in   Poorvabhadra 1 st Pada to Poorvabhadra 2 nd  Pada in Aquarius .

- Saturn   transits in  Jyeshta 4 th   Pada in Scropio sign and in Pisces Navamsa .

- Jupiter   transits in     Chitta 2 nd  Pada in Virgo and in Virgo   Navamsa.

- Rahu and Ketu transit in Leo and Aquarius and in Cancer and Capricorn Navamsas.

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Volatile Movements (for Monday)

Tithi ::Pushya Sukla Dwadasi    

Nakshatra ::Ktittika (10.15AM) and Rohini thereafter

Persons   born in Punarvasu, Visakha and Poorvabhadra constellations  and those born in Gemini and Libra are advised to be alert in their dealings. 

Sensitive / Trend change Timings ::10.15 AM;1.00 PM;

 Likely Intraday Trend…

On the basis of planetary position and aspects amongst planets, Market is expected to open Steady    and remain Subdued from 10.50AM to 12.30PM and to recover thereafter  till about 2.15PM and could remain volatile thereafter.

Astro Technical Trading Strategy…

If Nifty Fut. Trades below   ATP by  10.45 AM . Short    Positions can be taken with suitable SL, and such positions can be closed by about  2.15PM.  If Nifty Fut trades above    ATP by about 12.45PM, Long Positions can be taken with Suitable SL and such positions can be closed by about 2.15 PM.

Technical Levels…

Resistance   : 8285, 8320 ; Support : 8200, 8165.   

Short term trend is Bullish and the Stop Loss may be placed at 8200 (on spot basis).