WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Recovery towards Weekend

Outlook for the Week 23.10.2017 to 27.10.2017

NIFTY :: 10,147 (- 20)

Nifty traded in a range of 10252 to 10123 during last week and closed nearer to the Low of the range for the week at 10147 with a Loss of 20 Points. Market had closed with a slight negative outlook.

- The short term  trend is also Bullish. It is Bullish both  for Medium and Long term, Short term would become Bearish  if Nifty comes and closes below  10075   

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9992, 9957, 9856 and 9400 respectively and would act as Supports and Resistances.

- Nifty continues to trade above the 200 DMA and also above the 50 DMA and 50 DMA has come above 200 DMA (Golden Cross has come more than Eight months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages and it is at the nearly at the highest level ever.

Technical Levels...

Bullish above 10220 with Resistance at 10300, 10375

Bearish below 10075 with Supports at 10000, 9925

Breakout level : 10250 Breakdown level : 10100

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 Anuradha 4 th Pada in Scorpio to Ushadha 3 rd Pada in Capricorn.

- Sun transits from Chitta 4 th Pada in Libra to Swathi 2 nd Pada in Libra.

- Mercury transits in Swathi 3 rd Pada in Libra to Visakha 1 st Pada in Libra.

- Venus transits from Hastha 3 rd Pada in Virgo to Hastha 4 th Pada in Virgo.

- Mars transits in Uttara 3 rd Pada to Uttara 4 th Pada in Vigo .

- Saturn moves from Jyeshta 4 th Pada in Scorpio to Moola 1 st Pada in Sagittarius and also moves from Pisces Navamsa to Aries Navamsa.

- Jupiter transits in Swathi 1 st Pada in Libra and moves in Sagittarius Navamsa.

- Rahu and Ketu move to Cancer and Capricorn and in Aquarius and Leo Navamsas,

During the last week, Moon transited from Sathabhisham to Revathi Constellations between Aquarius and Pisces Raasis and crossed the Upper Range and Since the High range is crossed and also it has nearly almost achieved the Second range of the Target. Next Week, Market would transit between Aquarius and Pisces.

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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..

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