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WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Week end Better….!!!

Planetary Position

- Moon would be transiting  from  Makha in Leo  to Chitta  in Libra. . . .
- Sun transits in Mrigasira    in Gemini and  Aardra in Gemini..
- Mercury   transits  in       Rohini in 2nd pada and 3rd pada...
- Venus transits in  Aslesha 2nd  and 3rd  Pada.
- Mars transits in   Mrigasira in 3rd pada  and Mrigasirav 4th  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.

Nifty Outlook for Next Week :: (22.06.2015 to 26.06.2015) …  

NIFTY :: 8225 (-246)

(Overbought …  Tecchnical Drawback  …)

Nifty gained on all the Five lays  and In view of the last session of Derivative  week  of the Month, the session would be quite  volatile. Market needs to trade above the last weeks high  to confirm this pattern.

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8223, 8323, 8507 and 8387 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 ::

Bullish above 8300 with resistance at 8380, 8450, 8540

Bearish below 8150 with Supports at 8075, 8000, 7925.

Nifty held  at higher levels  and  being last week of Derivative expiry  is close to resistance  of about 8300 .

Breakout level for the week is 8300,  and break down level for the week is 7875.. 

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.
Friday’s session is likely to be compared to be sessions upto Thursday.
Weekly Open level is very important for the entire week.
Short positions may be avoided as long as it maintains / closes above
Weekly open and vice versa


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