WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for the Week May 29 - June 2

Be Careful at the Upper End of the Range

NIFTY :: 9595 (+167)

Nifty traded in  a  narrow  range of 9342  to 9605   during last week and closed at the higher end of the range  for the week at 9595  with a Gain  of  167 Points,  a gain   of  about 1.7%.  Market gained about 167 points throughout the week Losing  about 78 points on Tues/Wedday. When it fell below 9475 it became weak.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9403, 9262, 8954 and 8718 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 at about  Four 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 : 9700 Breakdown level : 9475

Bullish above 9670  with Resistance at  9750, 9825

Bearish below 9500 with Supports at 9425, 9350.

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Planetary Position

- Moon would be transiting  from Punarvasu 4 th Pada in Cancer to Uttarashadha 1 st Pada in Leo

- Sun transits from  Rohini 2 nd  Pada in Taurus to Rohini  3 rd  Pada in Taurus.

- Mercury  transits from Bharani 3 rd Pada to Krittika 1 st Pada  in Aries.

- Venus transits from  Revathi 4 th Pada in Pisces   to  Aswini 1 st Pada in Aries.

- Mars transits in  Mrigasira 3 rd Pada in Gemini  to Mrigasira 4 th  Pada in Gemini

- 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 last Friday(19^th) and Last  Monday(22^nd) (between 9505 to 9390). It would become further Bullish if the High of this range is crossed and vice versa. It is to be seen whether the high of this range will be crossed on the higher side or(9605) would be breached on the down side(9341)

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Volatile Movements likely ( for Monday)

Tithi ::Jyeshta Sukla Chavithi

Nakshatra:Punarvasu/ Pushyami;
 Persons   born in  Aswini, Makha and Moola upto 1.25 PM and Bharani, Pubba and Poorvashadha constellations  and those born in Leo and Sagittarius are advised to be alert in their dealings. 

Sensitive / Trend change Timings : 10.30AM; 10.35AM; 1.25 PM ;  3.00PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open Subdued and  recover from 12PM and remain so upto 1.25 PM and remain Subdued from1.30 PM till  about 2.50 PM and could generally remain Better  thereafter.

Astro Technical Trading Strategy...

 If Nifty Fut. Trades above Open / ATP level by about 9.30AM , Long    Positions can be taken with suitable   SL, and such positions can be closed by about 12.00 PM. If Nifty Fut trades above  ATP by about 12.15 PM, Long  Positions can be taken with suitable stop loss and such positions can be closed by about 1.20 PM.. If Nifty fut trades below  ATP by 1.30PM, Short Positions can be taken with suitable stop loss and such positions can be closed by 2.50PM.

Technical Levels...

Resistance : 9635, 9680,       Support 9555, 9520

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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..