WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Bearish if it close below 12100

for the week between January 20-24, 2020

NIFTY :  12352  (+96)    

Nifty traded in a Range of 12286 to 12389 points during last week and  closed nearer to the Higher end of the range at 12352 with a Gain of 96 Points and made a positive Weekly Close.

- 20 DMA, 50DMA, 100DMA, 200 DMAs are placed at about 12226, 12092, 11996,11585 respectively and they would act as Supports and Resistance Levels. 

- Nifty is presently above all the DMA's. 50 DMA is  above 200 DMA (Golden Cross) suggesting that the Long term outlook has been Bullish. Short Term would be Bearish if it closes below 12100.

Technical Levesl...

Breakout level : 12550       Breakdown level : 12100

Bullish above  12425 with Resistance at 12500, 12575

Bearish below  12275  with Supports at 12200, 12100

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 Anuradha Pada 2 in Scorpio to Uttarashada Pada 3 in  Capricorn.

- Sun transits from  Uttarashada Pada 3-4 in  Capricorn. 

- Mercury transits in  Sravana Pada 1-3 in Capricorn.  

- Venus  transits in Satabhisham Pada 3-4 in Aquarius.       

- Mars transits in Jyestha Pada 1-2 in Scorpio. 

- Saturn transits in Uttarashadha Pada 1 in Sagittarius to pada 2 in Capricorn and moves in Capricorn  Navamsa. 

- Jupiter moves in Poorvashadha Pada 2 in Sagittarius and moves in Virgo Navamsa.   

- Rahu transits in Aardra Pada 2 in Gemini and Ketu transits in Moola Pada 4 in Sagittarius.

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Opening Session Better (for Monday)

Tithi : Pushya Bahula Ekadasi

Nakshatra : Anuradha

Alert :  Bharani, Pubba, Poorvashadha and in Saggitarius, Aeries  are advised to be alert in their dealings.   

Sensitive/Trend change Timings : 11.31

Likely Intraday Trend... 

On the basis of planetary position and aspects amongst planets, Market is expected Open Better and remain so upto 11.15 AM. It would remain Steady thereafter upto the 12.55 PM and later Subdued till the end of the day.

Astro Technical Trading Strategy for the day...

If Nifty Futures is above ATP by 9.30 AM Long Positions  can be taken with suitable Stoploss and such positions can be closed by 11.15 AM. If it come below ATP by 1 PM Short Positions can be taken and they have to be closed by the end of the day.

Technical Levels for the Day...

Resistance :  12395, 12430      Supports :  12315, 12280

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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