WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 06.02.2017 to 10.02.2017

Market Bullish above the High of Last Week

NIFTY :: 8741 (+ 100)

Nifty traded in a wide range of 8758  to 8552 during last week and closed at the Upper  end  for the week at 8741 with a Gain of 100 Points, a gain of about 1.15%. Market gained well about  155 points on Budget day i.e., Wednes day.

Moon transited  between  Aquarius and Pisces between Monday and Thursday last week and made a range of 8538 and 8758, Fri day too, it did not pierce the range, We have to observe whether the high of this range i.e., 8758 would  be pierced next week and if the high is pierced and closes above the high, then it would become further  Bullish and could see a target of about 8980.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8473, 8268, 8198 and 8347 respectively and wouldact as  Supports  and Resistances as Nifty is trading abpve all the averages.

- Nifty continues to trade above    the  200 DMA and also  the 50 DMA but  50 DMA has  come below   200 DMA (Death  Cross has come towards last month  end) suggesting that the Long term outlook has become   Bearish but Nifty continues to trade above both the Averages and hence can be considered neutral even for Long term too..

Technical Levels...

Breakout level : 8850 Breakdown level : 8575

Bullish above 8815 with Resistance at 8890, 8960, 9030

Bearish below 8670 with Supports at 8600, 8530,8460

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 Rohini 3 rd Pada in Taurus  to Aslesha 2 nd Pada in Cancer. 

- Sun transits from  Dhanishta 1 st  Pada  to Dhanishta 2 nd  Pada in Capricorn.

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

- Venus transits from  Uttarabhadra. 2^nd   Pada in Pisces   to Uttarabhadra. 3 rd    Pada in Pisces.

- Mars transits in   Uttarabhadra 3 rd    Pada in Pisces to Uttarabhadra 4 th    Pada in Pisces.

- Saturn  moves to Sagittarius and transits Moola 1 st Pada in Aries  Navamsa .

- Jupiter   transits in     Chitta 2 nd  Pada in Virgo and in Virgo   Navamsa and gets into Retro motion from 6 th afternoon 12.13 PM.

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

Market had closed with a  positive   outlook  with a Gain of about 1.15% i.e.,100 points . The short term trend has turned Up. It is Neutral   for Medium and Long term, short term could be quite volatile. Unless Nifty comes and closes below 8500. 

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(for Monday)

Forenoon Better

Tithi ::Magha Sukla Dasami

Nakshatra :Rohini

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 : 9.52 AM ;10.40 AM; 3.25PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open steady  and recover from 9.30 AM to 11 AM  and remain Subdued from 11 AM to 1 PM and could remain steady till about close of the day.

Astro Technical Trading Strategy...

If Nifty Fut. Trades above  ATP by 9.30  AM, Long   Positions can be taken with suitable   SL, and such positions can be closed by about 11 AM.  If Nifty Fut trades below    the  ATP by about 11 AM, Short     Positions can be taken with Suitable SL and such positions can be closed by about 1 PM.

Technical Levels...

Resistance : 8780, 8815 Support : 8700, 8665

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- IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

- Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and and astrological portion given above should be considered together and applied for taking proper trading decisions.

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Disclaimer :  Intraday trading is risky and Astro guidance is to be depending on intraday movements . applied depending on the real time market movement.  used as an additional tool in addition to technicals and adapted  Technical portion. Loss / Gain in market depends on Individual natal chart.  Creator only knows what is going to happen and astrologer can only indicate what is likely to happen.

Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..