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

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…