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Outlook for Week 17.08.2015 to 21.08.2015

PRESENT POSITION : 8300 (-218)

Nifty lost more than 2.50’% in view of the Yuan Depreciation , which has affected the entire world market.
20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8457,, 8425,, 8402 and 8412 respectively and would act as supports / resistances. Nifty is trading  below  all   the  averages  which is a matter of  concern.
While Nifty continues to trade above  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 8375 with
resistance at 8350, 8425, 8500  and is expected to Bearish below 8225 with Supports at 8150, 8075, 8000
Breakout level for the week is 8600 and the Breakdown level      for the week is 8150..... 

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 for about Two weeks. Nifty would face  resistance around 8600, above which it will have real bullishness and has strong support around 8000 too. .  

Weekly Open level is very important for the entire week.
Long  positions may be considered  as long as it maintains above
the Last week’s High.

Planetary Position...
Moon would be transiting  from  Aslesha 2nd PAda    in Scorpio   to Aslesha 3rd  Pada in Cancer. To Sravana 4th Pada in Capricorn.
Sun transits in Makha 2nd Makha 4 th  Pada in Leo.
Mercury   transits  in  Uttara 2nd  PAda  to . Uttarashada 4th  Pada in Leo.
Venus transits in Retro motion in  Aslesha in 3 rd  Pada to aslesha 4th  Pada  from 25th July to 6th September.
Mars transits in  Pushyami  4th Pada.  to  Aslesha  1st Pada.
Saturn moves into Direct motion and transits in   Anuradha constellation in Scropio sign in 1st Pada  and in Leo Navamsa .
Jupiter ,, transits in  Leo in Makha constellation in 3 rd   Pada  in Taurus  Navamsa. To  Makha 3rd PAda in Gemini  .Navamsa.
Rahu and Ketu continue their transit in Virgo and Pisces respectively.
Venus retrograde motions is a cause for concern .


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