for Week : 23.05.2016 to 27.05.2016

Scrip Specific  Movements        

NIFTY :: 7750 (- 65)

Nifty traded in  a volatile fashion  and closed with a loss of under  1%.

Nifty ,though attempted higher levelsin the beginning of the week, could not hold on there and slipped during Second half of the week  and lost most of the ground .  Strong support is seen around 7700/ 7650 and below if it closes it would lose the bullish grip. This week being last week of Derivative settlement is expected to have scrip wise movement.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7835, 7725, 7577 and 7802 respectively and would act as  resistances as Nifty is trading  above half   the   Moving Averages.  

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

Technical Levels :

Bullish above 7825 with resistance at  7900, 7975,8000

Bearish below 7675 with Supports at 7600, 7525,7450.

Breakout level for the week is 7850 and the Breakdown level for the week is 7650 . . . 

Advice for Traders ::

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 Jyeshta 2 nd   Pada in Scorpio    to Sravana 2 nd  Pada in Capricorn.    

- Sun transits from  Krittika 4 th   Pada in Taurus to Rohini 1 st   Pada in Taurus .

- Mercury, turns to Direct motion ,  transits in  Bharani 3 rd  Pada in Aries to Bharani 3 rd Pada,

- Venus transits from Krittika 3 rd  Pada in Taurus  to Krittika 4 th   Pada in Taurus .

- Mars, in Retrograde motion, transits from  Anuradha 2nd    Pada  to Anuradha 1 st Pada in Scorpio.

- Saturn, in Retrograde motion ,   transits in  Jyeshta 1 st  Pada in Scropio sign and in Sagittarius  Navamsa .

- Jupiter   transits in    Pubba 2 nd    Pada  in  Leo and  Virgo    Navamsa and has already got into  Direct motion on 9th Evening.  

- Rahu and Ketu transit in Leo and Aquarius.

Astrologically, 2 nd half of the week is expected to be better(Thursday and Friday).


for Monday

Astro Info:: Tithi :: Vaisakha  Krishna Vidiya

Nakshatra :: Jyeshta (Moon in Scorpio)

Persons born in  Krittika, Uttara and Uttarashadha     constellations and Sagittarius and Aries     are advised to be alert in their dealings.

Sensitive / Trend change Timings : 10.35AM; 11.50AM;

Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady / better  and remain so till about 10.00AM and remain with  volatile movements with Bearish  Bias upto about 12PM and again recover thereafter.

Astro Technical Trading Strategy...

After 12.15PM, If Nifty fut. Trades above   the  Open Level / Average Traded Price, Long   Positions can be taken with suitable stop loss  and such positions may be closed by about 2.30 PM.

Technical Levels...
Resistance around 7790, 7825  and Support  around  7710, 7675


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