WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

THIS WEEK ALSO POSITIVE

for the Week between Feb 26 - March 2

NIFTY : 10491 (+39)

Nifty traded in a narrow range of 10499 to 10303 during last week and closed nearer to the High of the range for the week at 10491 with a Gain of only 39 Points and made a Positive weekly close. It is for the First week after 3 weeks of negative Close in a row. During the week, As stated earlier in this column, Market gained in the Current Week and it could again close positive for the current week.

- The short term trend is quite Bearish. It is rather Bullish for Medium Term and quite Bullish for Long term. However, Short term would become Bullish if Nifty goes UP and closes above 10650.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10639, 10610, 10415 and 10094 respectively and would act as Supports and Resistances.

- Nifty continues to trade above the 200 DMA but below the 50 DMA and 50 DMA has come above 200 DMA (Golden Cross has come more than about a Year ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above Two Long Term moving averages and hence can be considered as Bullish.

Technical Levels...

Breakout level : 10650 Breakdown level :10250

Bullish above 10575 with Resistance at 10650, 10725

Bearish below 10400 with Supports at 10325, 10250,10175.

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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Planetary Position...

- Moon would be transiting from Punarvasu 1 st Pada in Gemini to Pubba 2 nd Pada in Leo .

- Sun transits from Sathabhisham 3 rd Pada in Aquarius to Sathabhisham 4 th Pada in Aquarius.

- Mercury transits from Poorvabhadra 1 st Pada Aquarius to Poorvabhadra 3 rd Pada in Aquarius.

- Venus transits from Poorvabhadra 2 nd Pada in Aquarius to Poorvabhadra 4 th Pada in Pisces.

- Mars transits in Jyeshta 3 rd Pada in Scorpio to Jyeshta 4 th Pada in Scopio .

- Saturn transits in Moola 4 th in Sagittarius and moves in Cancer Navamsa.

- Jupiter transits in Visakha 3 rd Pada in Libra and moves in Gemin Navamsa.

- Rahu and Ketu transit in Aslesha 1 st Pada in Cancer and Sravana 3 rd Pada in Capricorn Rasis and in Sagittarius and Gemini Navamsas,

Moon has completed its trading journey between Aquarius and Pisces on 16.2.18 to 20.2.18 and made a range of 303 points i.e., between 10613 and 10303, During the rest of the week, it traded in the range of 10341 and 10497. Thus, trading in between the range. Hence, it has to be seen whther it will cross the High of 10613 or it will cross the Low of the range ie., 10303.

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Generally Better (for Monday)

Tithi :: Phalguna Sukla Ekadasi

Nakshatra: Punarvasu

Persons born in Aswini, Makha and Moola and those born in Cancer and Scorpio are advised to be alert in their dealings.

Sensitive / Trend change Timings : 1.31PM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Steady/ Subdued and remain Better from 10.20AM till about 12.15 PM and remain Subdued thereafter till l about 2.15 PM and could remain Better till Close of the day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 10.30 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 12.15PM. If Nifty Fut trades below ATP by about 12.30 PM, Short Positions can be taken with suitable SL and such Positions can be closed by about 2.00 PM. If Nifty fut trades above ATP by about 2.30 PM, Long Positions can be taken with suitable SL and such Positions can be closed about end of the day.

Technical Levels...

Resistance : 10425,10460 Support :10340,10305