WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Market could Go UP

(Outlook for the Week 11.9.2017 to 15.09.2017)

NIFTY :: 9935 (-39)

Nifty traded in a narrow range of 9988 to 9861 during last week and closed at the Middle of the range for the week at 9935 with a Loss of 35 Points (a Loss of 0.35%). Market had closed with a slight negative outlook.

- The short term too has become Bullish . It is Bullish both for Medium and Long term, Short term could become Bearish if Nifty comes and closes below 9825

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9886, 9868, 9785 and 9130 respectively and would act as Supports and Resistances.

- 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 Seven months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the long term and Short term Moving Averages and hence can be considered Bullish .

Technical Levels...

Breakout level :10000 Breakdown level : 9825

Bullish above 10010 with Resistance at 10085, 10160

Bearish below 9860 with Supports at 9785, 9710.

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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Generally Better (for Monday)

Tithi ::Bhaadrapada Bahula Shashti

Nakshatra :: Krittika

Persons born in Aardra , Swathi and Sathabhisham and those born in Taurus and Virgo are advised to be alert in their dealings.

Sensitive / Trend change Timings : 9.18AM; 10.25 AM; 2.46 PM; 2.58 PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and remain Better from 9.40AM and remain So till about 2.00 PM and remain Steady / Subdued thereafter till about Close of the day.

Astro Technical Trading Strategy...

If Nifty Fut. Trades above the Open/ATP level by about 9.45 AM , Long Positions can be taken with suitable SL, and such positions can be closed by about 2.00 PM.

Technical Levels...

Resistance : 9975,10010 Support : 9895, 9860

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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 intra day movements, to be applied depending on the real time market movement. Used as an additional tool in addition to technicals. 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..