WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for the Week 22.5.2017 to 26.05.2017

Scripwise Movements

NIFTY :: 9428 (+27)

Nifty traded in a narrow range of 9391 to 9533 during last week and closed at the Lower end of the range for the week at 9428 with a Gain of 28 Points, a gain of about 0.3%. Market gained about about 28 points throughout the week losing about 95 points on Thurs day.

Market had closed with a slight Positive outlook with a gain of about 0.3% i.e.,28 points. 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 9325.

Last week Nifty went up on the first Three days and then it fell on Thursday and remained on Friday. When it fell below 9430 it became weak.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8693, 8870, 9170 and 9355 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 Three months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above both the Longterm Averages and hence can be considered Bullish for Long term too.

Technical Levels...

Breakout level : 9525 Breakdown level : 9325

Bullish above 9500 with Resistance at 9575, 9650

Bearish below 9350 with Supports at 9275, 9200

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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- Moon would be transiting from Uttarabhadra 4 th Pada in Pisces to Rohini 3 rd Pada in Taurus.

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

- Mercury transits from Aswini 4 th Pada to Rohini 2 nd Pada in Taurus.

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

- Mars transits in Mars 2 nd Pada in Taurus to Mrigasira 2 nd 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 3 rd Pada in Virgo and in Gemini Navamsa.

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

Moon transits between Dhanishta and Revathi in Aquarius and Pisces Raasis between coming Friday and Next Monday (between 19th May to 22^ndMayl). It would become further Bullish if the High of this range is crossed and vice versa. It is to be seen on Tuesday whether the high of the range will be crossed on the higher side or would be breached on the down side.

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Volatile Movements ( for Monday)

Tithi ::Vaisakha Bahula Ekadasi

Nakshatra: Revathi

Persons born in Krittika, Uttara and Uttarashadha constellations and those born in Aries and Leo are advised to be alert in their dealings.

Sensitive / Trend change Timings : 10.10 AM; 3.10 PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open Subdued and recover from 10.10 AM to about 12.05 PM and remain Steady thereafter till about 2.10PM and remain better thereafter .

Astro Technical Trading Strategy...

If Nifty Fut. Trades above ATP/ Open level by about 10.15 AM , Long Positions can be taken with suitableSL, and such positions can be closed by about 12.00PM. If Nifty Fut trades above ATP by about 2.15 PM , Long Positions can be taken with suitable SL,and such positions can be closed by about end of the day.

Technical Levels...

Resistance : 9470, 9505 Support : 9390, 9355

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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 astrological portion given above should be considered together and applied for taking proper trading decisions.
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 onIndividual 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..