Skip to main content

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Bullish above 7855 ….. !!!        


Nifty Outlook for Week 21.12.2015 to 24.12.2015

NIFTY :: 7762 (+152)

Nifty traded with huge Bullishness till Thursday and fell on Friday and closed with a gain of about 2%.

Moon transits in Dhanishta 3 rd to Poorvabhadra 3 rd Pada between 16th December (afternoon) and 18 th December and the  range of these days  (7737 to 7853) can be considered to be the reference range for the next Three weeks and market can be considered to be Bullish above the high and Bearish below the Low of this period’s range.  

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7795, 7955, 8033 and 8250.  respectively and would act as  resistances. Nifty is trading  below all   the Moving Averages.

While Nifty continues to trade below   the  200 DMA and 50 DMA too is  below   200 DMA (Death  Cross) suggesting that the Long term Bearish  trend is   in    tact.


Technical Levels ::

Bullish above 7840 with resistance at  7815, 7890,7950

Bearish below 7690 with Supports at 7615, 7540, 7475.

Breakout level : 7850 ; Breakdown level : 7625

Advice for Traders ::

Nifty would have become Bullish  for Short term if it would have closed even with minor positive bias on Friday. Since GST Bill is not likely to be cleared  in this winter session, it  is likely to have negative impact on the sentiment and the economy. Further, Mid year economic review was not strong. If Nifty is likely to cross 7855, it would be Bullish and on the other hand, if it is likely to breach 7720, it would be Bearish.

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 Close.

Planetary Position

During the current week Moon would be transiting  from Aswini 3 rd  Pada    in Aries to Mrigasira 1 st Pada in Tarurs.
Sun transits in   Moola 2nd   Pada in Sagittarius to Moola 3 rd  Pada  in Sagittarius.
Mercury transits in  Poorvashadha 3 rd in Sagittarius to Uttarashadha 1 st Pada in Sagittarius.

Venus transits in  in Visakha 2 nd    Pada  in Libra to Visakha 3 rd   Pada.

Mars transits in    Chitta 2 nd    Pada in Virgo to Chitta 3 rd   Pada in Libra.

Saturn  transits in   Anuradha constellation in Scropio sign in 4th  Pada  and in
Scorpio Navamsa .

Jupiter ,, transits in  Leo in  Uttara 1 st   Pada in  Sagittarius   Navamsa .  

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

Comments

Popular posts from this blog

JIO TARIFF CICK FOR TELECOM STOCKS

Telecom stocks today surged up to 8 per cent after the recent increase in Reliance Jio tariffs, which is largely seen as positive for the sector. Shares of Bharti Airtel jumped 4.99 per cent to close at Rs 497.50 on BSE. Bharti Airtel was the biggest gainer among the 30-share index components. The scrip of Idea Cellular soared 7.74 per cent to end at Rs 98.15 and Reliance Communications zoomed 7.60 per cent to Rs 17.70. Reliance Jio made its service dearer by about 15 per cent for its popular 84-day plan at Rs 459 from October 19, under which subscribers get 1GB 4G data at high speed per day. The company restructured its various schemes by reducing their validity period. The recent increase in Reliance Jio tariffs will increase its average revenue per user by up to 20 per cent and is a positive for the telecom sector, which is seeing a rapid consolidation, says a Philip Capital report. Established telecom sector players have seen huge reduction in their margins. Idea Cellular and Reli…

INVESTORS RICHER BY Rs. 25 LAKH CRORES IN SAMVAT 2073

Stock markets ended on a flat note on Wednesday, just below their record highs, but finished Samvat 2073 with robust gains of over 16 per cent. Equities added over Rs 25 lakh crore to investors' wealth this Samvat year. The benchmark Sensex has gained 4642.84 points, or 16.61 per cent, in the Hindu Samvat year 2073, while the broader NSE Nifty surged 1572.85 points, or 18.20 per cent during this period.
Small loss in last session
In the last session of the Samvat 2073 on Wednesday, the 50-share Nifty fell by 23.60 points or 0.23 per cent to close at 10,210.85 after moving between 10,175.75 and 10,236.45. The Sensex resumed lower at 32,518.56 and fell further to a low of 32,462.85 before ending at 32,584.35, down 24.81 points or 0.08 per cent. Investors adopted a cautious approach ahead of the long Diwali weekend, while a weak rupee too affected sentiment, brokers said.
- Axis Bank emerged as the worst performer among Sensex components, tumbling 9.52 per cent following a spike in ba…

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…