WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Second Half of the Week Crucial

Outlook for the Week 07.05.2018 to 11.05.2018

NIFTY :: 10618 (-74)

Nifty traded in a narrow range of 10602 to 10785 during last week and closed nearer to the Lower end of the range for the week at 10618 with a Loss of 74 Points (about 0.69%). It has made a Negative weekly close for the First week after 5 weeks of Gain in a row. 

- Moon would commence its trading journey between Aquarius and Pisces from 09.5.18 to 11.5.18 and would make a range, which will have to be breached/cut off either side in the subsequent week. During the last month, it had almost achieved double the target by touching 10785. 

- Nifty is Bullish for all the Short Term, Medium Term, Long term paremetres. However, Short term would become Bearish if Nifty goes Down and closes below 10550.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10552, 10393,10495 and 10283 respectively and would act as Supports and Resistances.

- Nifty continues to trade above all the Four moving averages and 50 DMA has come above 200 DMA (Golden Cross has come more than about 15 months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving averages.

Technical Levels...

Breakout level : 10725 Breakdown : 10550

Bullish above 10700 with Resistance at 10775, 10850

Bearish below 10540 with Supports at 10465, 10390

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 Sravana  1 st  Pada in Capricorn  to Uttarabhadra 1 st    in Pisces.

- Sun transits from Bharani 3 rd Pada to Bharani 4 th Pada in Aries.

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

- Venus transits from Rohini 4 th Pada in Taurus to Mrigasira 1st Pada in Taurus.

- Mars transits in Uttarashadha 2 nd Pada in Capricorn to Uttarashadha 3 rd Pada in Capricorn .

- Saturn, in Retrograde motion, and transits Poovashadha 1 st Pada in Sagittarius and moves in Leo Navamsa.

- Jupiter, in Retrograde motion, transits in Visakha 2 nd Pada in Libra and moves in Taurus Navamsa.

- Rahu and Ketu moves from Pushyami 4 th Pada in Cancer and Sravana 2 nd Pada in Capricorn Rasis and transits in Scorpio and Taurus Navamsas.

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Closing  Session Better (for Monday)

Tithi :: Vaisakha Krishna Saptami

Nakshatra:Sravana

Persons born in Punarvasu, Visakha and Poorvabhadra and those born in Aquarius and Gemini are advised to be alert in their dealings.

Sensitive / Trend change Timings : 11.24AM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Weak and remain So till about 10.50 and remain Steady thereafter till about 1.00 PM and could remain Better thereafter till about 3.20 PM .

Astro Technical Trading Strategy...

If Nifty fut trades below ATP by about 9.30 AM, Short Positions can be taken with suitable SL and such positions can be closed by about 10.45AM. If Nifty fut trades above1.15 PM Long Positions can be taken with suitable SL and Such Positions can be closed by about 3.15 PM.

Technical Levels...

Resistance : 10660,10695 Support :10580,10545

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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 on
Individual 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..