WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week 20.3.2017 to 24.03.2017

 

Caution at Higher Levels

NIFTY :: 9160 (+225)

Nifty traded in a narrow range of 9060 to 9218 during last week and closed at the Upper end for the week at 9160 with a GAIN of 225 Points, a gain of about 2.55%. Market gained about 152 points on Tuesday during the week with a net gain of about 225 points during the week.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8948, 8702, 8495 and 8464 respectively and would act as Supports and Resistances as Nifty is trading above all the averages.

- Nifty continues to trade above the 200 DMA and also the 50 DMA and 50 DMA too has come above 200 DMA (Golden Cross has come about Four weeks back) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above both the Averages and hence can be considered Bullish  for Long term too..

Technical Levels...

Breakout level : 9250 Breakdown : 9100

Bullish above 9250 Resistance at 9325, 9400

Bearish below 9100 with Supports at 9025, 8950 ,8875

Advice for Traders...

Market had closed with a  huge positive   outlook  with a Gain of about 2.55% i.e.,225 points . The short term trend has turned Up. It is Bullish both  for Medium and Long term, short term could be quite Bullish  Unless Nifty comes and closes below 8950.

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 Moola 1 st Pada in Sagittarius to Sravana 4 th Pada in Capricorn.

- Sun transits from Uttarabhadra 1 st Pada in Pisces to Uttarabhadra 2 nd Pada in Pisces .

- Mercury transits from Revathi 1 st Pada to Revathi 3 rd Pada in Pisces .

- Venus, in Retro motion, transits from Uttarabhadra 4 th Pada in Pisces to Uttarabhadra. 3 rd Pada in Pisces.

- Mars transits in Aswini 4 th Pada in Aries to Bharani 1 st Pada in Aries.

- Saturn, in Sagittarius, transits in Moola 2 nd Pada to Moola 2 nd Pada in Capricorn Navamsa .

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

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

Moon transited between Poorvabhadra and Revathi in Aquarius and Pisces between Monday and Wedneday between 8961 and 8868 and subsequently both High and Low were pierced to 8993 and 8860 making the range so narrow to pierce both ends . During the last week, Market went up quite sharply with Gap Up on Two days and went up by more than Second Target too.

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Subdued Second Half

Tithi ::Phalguna Bahula Ashtami

Nakshatra:Moola

Persons born in Rohini, Hastha and Sravana constellations and those born in Capricorn and Taurus are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day:: 11.15 AM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets,Market is expected to open Steady and remain So till about 11.15 AM and remain Steady / Subdued after 1.15 PM subdued thereafter till about end of the day.

Astro Technical Trading Strategy...

If Nifty Fut. Trades above ATP by11.15AM, Short Positions can be taken with suitable SL, and such positions may be reviwed after 1.15 PM which can be closed by about 3.00 PM;

Technical Levels...

Resistance : 9200, 9235 Support : 9120, 9085

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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..