WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

During the current week Moon would be transiting  from  Sathabhisham   in Aquarius   to  Aswini in Aries. . . .

Sun transits in Aardra in 4thPada to Punarvasu 3^rd Pada in Gemini. ..

Mercury   transits  in  Mrigasira in 4th Pada   and Aardra 2^nd Pada . ..

Venus transits in  Makha 1st Pada.

Mars transits in  Aardra in 1st  Pada   and Aardra in 2^nd Pada,

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

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

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

Nifty gained on all the Three weeks, it is due for correction for atleast One week.

Astro month for  the month is the Monday to Thursday i.e., 06^th  Monday to 9^th Thursday., The ramge between the above Two days is the reference range . ,

Nifty Outlook for Next Week :: (06.07.2015 to     10.07.2015) …  

NIFTY :: 8485 (98)

(Overbought …   Tecchnical Drawback …)

Nifty gained on  Four  days  and   . Market needs to trade above the last weeks high  to confirm this  pattern.,  Greece referendum would be key for Monday .

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8215, 8280, 8347 and 8515 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 above  the  200 DMA and 50 DMA too is below  200 DMA (Golden Cross) suggesting that the Bearish  trend is   in   tact.

Technical Levels ::

For the coming week, Nifty spot is expected to be Bullish above 8500 with

resistance at 8575, 8650, 8725  and is expected to Bearish below 8150 with Supports at 8075, 8000, 7925.

Breakout level for the week is 8550,  and break down level for the week is 8100... 

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 8550. If Nifty / scrips sustain above Friday’s high level, Friday’s low level could offer strong support for short term for a reasonable pullback.

Since Nifty is above Three weeks, that is due for a correction.

Weekly Open level is very important for the entire week.
Long  positions may be avoided as long as it maintains / closes below
Weekly open and vice versa