Skip to main content

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Market over sold  and set to recover in general .... !!!        

Nifty Outlook for Week 15.02.2016 to 19.02.2016

NIFTY :: 6981(--509)

During the Last week, Moon transited in Aquarius and Pisces during 9th February to 12 th February and this is a sensitive period for market movement. Hence, Nifty’s range during this period holds as a reference for the next Three Weeks. During that period, Nifty moved between 7323 to 6869 ., range of 454 points and closed at 6981. During the current week, Nifty, if it breaches 6869, it becomes further Bearish and on the other if it crosses 7323, it becomes further bullish and if it is to remain with in this range, it is likely to consolidate.
Further, in view of the forthcoming Budget , market might consolidate and move the higher side.

Nifty experienced one of the worst weeks in the last Six year and fell by more than 6%. It was mainly because of the declaration of lesser earnings and also the global cues.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7361, 7719, 7800 and 8031.  respectively and would act as  resistances as. 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 7050 with resistance at  7125, 7200, 7275

Bearish below 6910 with Supports at 6840, 6760, 6700

Breakout level : 7200, Breakdown level : 6825

Advice for Traders ::
Nifty had come out of the tight range last week but it has come the other way.  Range of Last  week is important for it to break. Low of last week is not to be broken if it  is to sustain.

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

Planetary Position

- Moon would be transiting from  Krittika 1 st  Pada    in Aries   to Punarvasu 3 rd   Pada in Gemini.  

- Sun transits in   Dhanishta 3 rd   Pada in Aquarius to Dhanishta 4 th   Pada  in Aquarius.

- Mercury transits in  Uttarashadha 4 th   Pada in Capricorn   to Sravana 1St   Pada in Capricorn.

- Venus transits in  in U Shadha 3rd Pada    to  Uttarashadha 4 th Pada in Capricorn.

- Mars transits in   Visakha 3 rd    Pada in Libra.

- Saturn  transits in  Jyeshta 2 nd Pada in Scropio sign and in Capricorn Navamsa.

- Jupiter , gets into Retrograde motion and transits in  Leo in  Uttara 1 st   Pada and Pubba 4 th Pada in  Leo and Sagittarius / Scorpio    Navamsa.

- Rahu and Ketu transit in Leo and Aquarius.

Comments

Popular posts from this blog

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…

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…