WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Bullish above 11750 by weekend  

for the week between  08-12 April, 2019

NIFTY :  11,643 (-22)      

Nifty traded in a  range of 11710  to 11542  during last week and closed nearer to the Middle of the range  for the week at 11643 with a Loss of about 22 Points and made a Negative weekly close after Seven weeks of gains.  

-  During the week, Nifty when transited between Aquarius and Pisces Sign in Dhanishta  and Revati constellations it made a range of 11761-11559. During the current Week, it could neither cross the High and at the same time it could cross the Low side  by just 10 points only on Monday.  It should be seen next week, how it would function next week. 

- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about  11563, 11179, 10978, 10969  respectively and they would act as Supports and Resistances.        

- Nifty again came above all DMAs. 50 DMA also came above 200 DMA (Golden Cross) suggesting that the Long term outlook has become Bullish again. Short Term would become  Bearish if it closes below 11475  by the  Weekend.  

Technical Levesl...

Breakout level : 11750       Breakdown level : 11475

Bullish above 11725 with Resistance at 11800, 11875   

Bearish below 11575  with Supports at 11500, 11425

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 Makha 2 nd Pada in Leo to  Chitta 4 th  Pada in Libra.

- Sun transits from Ashwini 1st to 2nd Pada in Pisces. 

- Mercury  transits in Uttabhadra 1st to 2nd Pada in Pisces.

- Venus  transits in Poorvabhadra 3rd to 4th Pada in Aquarius.

- Mars transits in Rohini 2nd to 3rd Pada in Taurus.  

- Saturn transits in Poorvashadha 4th Pada in Sagittarius and moves in Scorpio Navamsa.

- Jupiter, in Retrograde motion, moves in  Moola 1st  Pada in Sagittarius  and transits in Aries Navamsa.   

- Rahu transits in Punarvasu 3 rd Pada in Gemini and Ketu transits in Uttarashadha 1st Pada in Sagittarius

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