WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Karnataka Floor Results to decide the trend

Outlook for the Week 21.05.2018 to 25.05.2018

NIFTY :: 10596 (- 211)

Nifty traded in a range of 10589 to 10929 during last week and closed nearer to the Lower end of the range for the week at 10596 with a Loss of 211 Points (about 1.98%). Market had closed with a negative outlook.

- The short term trend is Bearish. It is Bullish for Medium Term and Bullish for Long term also. However, Short term would become Bullish if Nifty goes UP and closes above 10700. If Karnataka Elections floor results come in Positive way, it could go up for atleast another 2 weeks.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 10686, 10453, 10537 and 10323 respectively and would act as Supports and Resistances.

- Nifty continues to trade above Three moving averages and 50 DMA has come above 200 DMA (Golden Cross has come more than about 16 months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above most of the moving averages.

Technical Levels...

Breakout level : 10750 Breakdown level : 10500

Bullish above 10675 with Resistance at 10750, 10825,10900

Bearish below 10525 with Supports at 10450, 10375.

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 Aslesha 2 nd Pada in Cancer  to Hastha 4 th Pada in Virgo

- Sun transits from Krittika 3 rd Pada in Taurus to Rohini 1 st Pada in Taurus

- Mercury transits from Bharani 2 nd Pada Aries to Bharani 4 th Pada in Aries

- Venus transits from Aardra 1 st Pada in Gemini to Aardra 2 nd Pada in Gemini

- Mars transits in Uttarashadha 4 th Pada in Capricorn to Uttarashadha 4 th Pada in Capricorn .

- Saturn , in Retrograde motion, and transits Poovashadha1 st Pada in Sagittarius and moves in Leo Navamsa.

- Jupiter, in Retrograde motion, transits from Visakha 1 st Pada in Libra and transits in Aries 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.

Moon commenced its trading journey between Aquarius and Pisces from 9.5.18 to 11.5.18 and made a range of 10636 to 10812 which will have to cut off on the upside to about 10929 and again breached on the downside upto 10589 and finally closed on the downside.

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Generally Steady/Subdued (for Monday)

Tithi :: Adhika Jyeshta Sukla Thadiya

Nakshatra: Aslesha

Persons born in Krittika, Uttara and Uttarashadha and those born in Leo and Sagittarius are advised to be alert in their dealings.

Sensitive / Trend change Timings : 10.00AM

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to Open Better till about 12.15 AM and remain Subdued / Steady thereafter till about 2.30 PM and could remain Better till about Close of the Day.

Astro Technical Trading Strategy...

If Nifty fut trades above ATP by about 9.30 AM, Long Positions can be taken with suitable SL and such positions can be closed by about 12.15P M. If Nifty fut trades below 12.30 PM Short Positions can be taken with suitable SL and Such Positions can be closed by about 2.15 PM. If Nifty fut trades above 2.30 PM Long Positions can be taken above ATP , and such Positions can be closed by about 3.30 PM.

Technical Levels...

Resistance : 10635,10670 Support :10555,10520

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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..