Skip to main content

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

PULLBACK IN THE OFFING


During the current week Moon would be transiting  from  Rohini In Taurus  to Aslesha in Cancer. .
.
Sun transits in Mrigasira in Taurus and Gemini.

Mercury transits in Rohini.

Venus transits in  Aslesha 3rd and 4th  Pada.

Mars transits in   Mrigasira in 2nd pada  and Mrigasira 3rd  Pada,

Saturn transits in   Anuradha constellation in Scropio sign in 1st Pada  and in Leo Navamsa and remains in retrograde motion from 14th March to 2nd August, 2015.

Jupiter ,, transits in  Cancer in Aslesha constellation in    Aquarius  Navamsa .

Rahu and Ketu continue their transit in Virgo and Pisces respectively.

Outlook for 15 to 20 JUNE 2015)

NIFTY :: 7979 (-115)

(Oversold …  Technical Bounce  …)
Nifty lost about 1.5% last week due to global cues. Market needs to trade above the last weeks high  to confirm this  pattern.
20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8251, 8594, 8375 and 8376 respectively and would
act as supports / resistances. Nifty is trading  below all  the  average , particularly below 100 DMA, which is a matter of concern.
While Nifty continues to trade below the  200 DMA and 50 DMA too is above 200 DMA (Golden Cross) suggesting that the Bullish trend is in tact.

Technical Levels ::
For the coming week, Nifty spot is expected to be Bullish above 8200 with
resistance at 8280, 8360, 8435, 8525 and is expected to Bearish below 7900 with Supports at 7825, 7745, 7650.

Nifty could not hold at higher levels / pull back levels and fell sharply on Thurs /  Friday and  being last week of Derivative expiry  is close to strong support level of about 7900 .
Breakout level for the week is 8200,  and break down level for the week is 7890.

Advice for Traders ::
However, While the long term trend is bullish, Medium term would once again turn bullish only if Nifty is able sustain above 8500. If Nifty / scrips sustain above Friday’s high level, Friday’s low level could offer strong support for short term for a reasonable pullback.

Comments

Popular posts from this blog

BIRLAS ENTER TOP LEAGUE WITH $50 BILLION M CAP

The Aditya Birla group has entered the top valuation league with a market cap of over USD 50 billion post listing of financial services arm Aditya Birla Capital (ABCL), but Tatas remain on top with over USD 132 billion.
The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday's trade.
Among various listed companies of the group, UltraTech Cement's valuation stood at Rs 1,10,097.70 crore at the end of Friday's trade while that of Grasim Industries was Rs 76,881.73 crore.
The newly-listed Aditya Birla Capital's market capitalisation was over Rs 55,000 crore, Hindalco (Rs 54,607.09 crore), Idea Cellular (Rs 32,064.91 crore), Aditya Birla Fashion and Retail (Rs 13,155.73 crore) and Aditya Birla Money (Rs 547.71 crore).
Among Indian conglomerates, the Tata group remains on the top in terms of total valuation of listed firms with about Rs 8,46,567 crore (USD 132.5 billion).
There are 29 pu…

DHIRUBHAI ENJOYED IN WEALTH CREATION

Leading businessman Anil Ambani today said more than creating wealth for himself, his father late Dhirubhai Ambani derived greater happiness from creating wealth for masses. "If you ever asked what part of being an entrepreneur he (late Ambani) enjoyed the most, he would say, 'I enjoy creating wealth. But what I enjoy even more is in creating wealth for the people of the country,'" the Anil Ambani Group chairman said while addressing an industry event here. It can be noted that the late Ambani, who had a humble beginning as a primary school teacher's son in Gujarat, is regarded as the father of capital markets and the equity cult, who made millions of investors millionaires with the IPO of Reliance Textile Industries in 1977. A person who had put in Rs 1,000 then in the IPO is worth over a million today, going by the price of RIL. Stating that the launch of Kothari Pioneer Mutual Fund, which was country's first private MF in 1993, was his (Dhirubhai's) id…

BEAR GRIP ON INDIAN STOCK MARKET

RECORDS 1 WEEKLY FALL IN 6 WEEKS
Gripped by fear psychosis due to geo-political aftershocks, key stock market indices were on a sticky wicket for the fifth day today as both Sensex and Nifty fell over 1 per cent to hit their one-month lows. The sharp plunge left investors poorer by over Rs 95,000 crore as the market cap stood at Rs 1,27,08,846 crore. Risk appetite took a hit after the Economic Survey said achieving the high end of the 6.75-7.5 per cent growth projected previously will be difficult. This is markets' first weekly fall in six.
Weakness in the rupee against the American currency and lacklustre global shares dragged down the indices, too. The BSE 30-share Sensex remained in the negative zone and settled down 317.74 points, or 1.01 per cent, at 31,213.59, its weakest closing since July 4. The index had tumbled 794.08 points in the last four sessions. The NSE Nifty after cracking the 9,700-mark to hit a low of 9,685.55, finally settled lower 109.45 points, or 1.11 per cent…