WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Cautious at Higher Levels

NIFTY :: 9285 (- 19)

Nifty traded in  a  narrow  range of 9270  to 9377   during last week and closed at the Lower  end of the range  for the week at 9285   with a Loss  of  19 Points (about 0.2%). 

Market had closed with a  slight negative  outlook . The short term trend is also UP . It is Bullish both  for Medium and Long term, Short term could become  Bearish  if Nifty comes and closes below   9200.

-  20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9232, 9105, 8744 and 8648 respectively and would act as  Supports  and Resistances as Nifty is trading above all the Moving 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 more than  Two months  ago) 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 : 9400 Breakdown level : 9175

Bullish above 9355  with Resistance at  9425, 9500

Bearish below 9210 with Supports at 9140, 9065

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.

-----------------------------------------------------------

Planetary Position…

- Moon would be transiting  from Hastha 4 th Pada in Virgo to Anuradha 4 th Pada in Scorpio.

- Sun transits from  Bharani 4 th  Pada in Aries to Krittika 1 st  Pada in Aries.

- Mercury, in Direct  mode,  transits from Aswini 1 st    Pada to Aswini 1 st  Pada  in Aries.

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

- Mars transits in  Rohini 3 rd Pada in Taurus  to Rohini 4 th Pada in Taurus.

- Saturn, in  Sagittarius, moves in Retro motion.  transits in  Moola 1 st   Pada  to Moola 1 st Pada in Aries  Navamsa

- Jupiter, in Retro motion,  transits in     Hastha 4 th Pada in Virgo and in Cancer   Navamsa.

- Rahu and Ketu transit in Leo and Aquarius and in Taurus   and Scorpio Navamsas,

Moon  transited  between Aquarius and Pisces from 21 st  to 25 th April between 9025 and 9309. Since  the High of this range is crossed on 26 th, it had become Bullish and went upto 9367 and the target for this month is nearly 9593. During the current week, it had just recorded 9377 on Friday and also came down to 9272 and closed at the lowest level at 9285.

-----------------------------------------------------------

Generally  Steady / Subdued (for Monday)

  

Vaisakha Sukla Trayodasi

Nakshatra::Chitta

Persons   born in Pushyami, Anuradha and Uttarabhadra constellations  and those born in Libra and Aquarius are advised to be alert in their dealings. 

Sensitive / Trend change Timings : 9.40 AM; 10.27 AM;

Likely Intraday Trend…

On the basis of planetary position and aspects amongst planets, Market is expected to open  Better and remain generally Subdued till about 10.50 AM and remain Better thereafter  upto 1.00 PM and remain subdued thereafter.

Astro Technical Trading Strategy…

If Nifty Fut. Trades below  ATP/ Open level by about 9.30 AM , Short  Positions can be taken with suitable   SL, and such positions can be closed by about 10.45 AM. If Nifty Fut trades above   ATP by about 11 AM, Long   Positions can be taken with suitable SL,and such positions can be closed by about 1 PM. IF Nifty Fut trades below ATP byabout 1.30PM, Short Positions can be taken with suitable SL, and such positions can be closed by end of the day.

Technical Levels…

Resistance : 9325, 9360                Support  : 9245, 9210