WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Scripwise Movements with Volatile Movements

Outlook the Next Week 18.12.2017 to 22.12.2017

NIFTY : 10333 (+109)

Nifty traded in a range of 10373 to 10210 during last week and closed nearer to the High of the range for the week at 10333 with a Gain of 109 Points, a Gain of about 1.07%. Market had closed with a Positive outlook.

- It is Bullish for Both for short term and for Long term. However, Short term would become Bearish if Nifty comes Down and closes below 10100 Weekly Open level is very important for the entire week.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10297, 10240, 10064 and 9740 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 about Nine months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages and hence can be considered as Bullish for Long term  and  for Short term.

Technical Levels...

Breakout level : 10420 Breakdown : 10190

Bullish above 10400 with Resistance at 10470, 10540

Bearish below 10260 with Supports at 10190, 10120.

Advice for Traders...

Long positions may be considered as long as it maintains above the Weekly open level.

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Planetary Position...

- Moon would be transiting from Moola 1 st Pada in Sagittarius to Sravana 2 nd Pada in Capricorn. 

 

- Sun transits from Moola 1 st Pada in Sagittarius to Moola 2 nd Pada in Sagittarius. 

 

- Mercury transits Retrograde motion in Jyeshta 2 nd Pada in Scorpio to Jyeshta 1 st Pada in Scorpio . 

 

- Venus transits from Jyeshta 4 th Pada in Scorpio to Moola 1 st Pada in Sagittarius.

- Mars transits from Swathi 2 nd Pada in Libra to Swathi 3 rd Pada in Libra.

- Saturn transits in Moola 2 nd Pada in Sagittarius and moves in Taurus Navamsa.

- Jupiter transits in Visakha 1 st Pada in Libra and moves in Aries Navamsa.

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

During the First Week, Moon had transited from Sathabhisham to Revathi constellation during Monday to Thursday and had formed a range of 10410 on Tuesday to 10211 on Thursday and it breached the said range also on the down side by about 100 points and it could not reach the target of 10010 (1 st Target) and it had moved up again upto 10373 and it closed at 10333.