WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Bullish above 11850 by weekend  

for the week between 13-17 May, 2019

NIFTY :  11,279  (-433)     

Nifty traded in a  range of 11251  to 11657  during last week and  closed at the lowest of the week's range at 11279 with a big Loss of  433 Points and made a Negatitive weekly close. It had closed with loss for 2nd consecutive week.   

-  During the week, Nifty transited between Aquarius and Pisces Sign in Poorvabhadra and Revati constellations and it had made a range of 11789-11656. In the last week it has traded in between 11657 and 11251. Since the Low  of last  week range   is breached , it has achieved the First Target and also the Second Target and also Third Target too.

- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about  11612, 11425, 11124, 11034 respectively and they would act as Supports and Resistances.        

- Nifty new came below 20, 50 DMAs. But came 50 DMA is still above 200 DMA (Golden Cross) suggesting that the Long term outlook is Bullish. Short Term would become  Bullish if it closes above 11850  by the  Weekend.  

Technical Levesl...

Breakout level : 11550       Breakdown level : 11100

Bullish above 11350 with Resistance at 11425, 11550   

Bearish below 11200  with Supports at 11125, 11050

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 4 th Pada in Leo to Swathi 2 nd Pada in Libra. 

- Sun transits from Krittika 1st to 2nd Pada in Taurus.    

- Mercury  transits in Bharani 2nd to Krittika 1st Pada in Aries.   

- Venus  transits in   Ashwini 1st to 3rd Pada in Aries. 

- Mars transits in Mrigasira 4th to Aardra 1st Pada in Gemini.   

- Saturn in Retrograde Motion, moves in  Poorvashadha 4th Pada in Sagittarius in Scorpio Navamsa. 

- Jupiter, in Retrograde Motion, moves in Jyeshta 4th Pada in Scorpio and trnsits in Pisces Navamsa.   

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

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Mid Session Better (for Monday)

Tithi :  Vaisakha Sukla Navami

Nakshatra : Moola, Poorvashadha

Persons born in   Mrigasira, Chitta, Dhanista and in Virgo, Capricorn  are advised to be alert in their dealings.   

NIFTY : 11,301.80   (-57.65)  

Sensitive/Trend change Timings : 10.26

Likely Intraday Trend... 

On the basis of planetary position and aspects amongst planets, Market is expected to Open Subdued / Steady and remain So till about 11.25 AM  and remain Better thereafter till about 1.30 PM and could remain Subdued/Steady till end of the day.

Astro Technical Trading Strategy for the day...

If Nifty fut trades  trades below ATP by about 9.30 AM Short Positions can be taken with suitable SL and Such positions can be closed by about  11.15 PM. If Nifty fut trades  trades above  ATP by about 11.30 PM LongPositions can be taken with suitable SL and Such positions can be closed by about  1.30 PM and it could remain Steady till end of the day.

Resistance :   11320,11365       Supports :  11240,11205

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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..

- Bhuvanagiri Amarnadh Sastry, Astro Technical Analyst