for the Week 30.05.2016 to 03.06.2016
“Monday to Wednesday Nifty Range”
Reference Range for the Next Three Weeks !
NIFTY :: 8157 (+ 407)
Nifty traded in a highly Bullish mode and cleared all the hurdles and closed well above 200 DMA with a gain of about 5%.
Nifty ,having cleared all the hurdles is at several month High and current week too is quite Bullish.
Monthly Astro range also comes during the first half of the week i.e., Monday and Wednesday., and it would be Bullish above these 3 days’ range and Bearish below lower end of this range.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7842, 7768, 7578 and 7796 respectively and would act as Supports as Nifty is trading above all the Moving Averages.
- While Nifty continues to trade above the 200 DMA but 50 DMA too is below 200 DMA (Death Cross) suggesting that the Long term Bearish trend is in neutral mode (likely to turn into Bullish mode this week).
Bullish above 8225 with Resistance at 8300, 8375,8450
Bearish below 8075 with Supports at 8000, 7925,7850
Breakout level : 8350, Breakdown level : 8000
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
- Moon would be transiting from Poorvabhadra 2 nd Pada in Aquarius to Bharani 4 th Pada in Aries.
- Sun transits from Rohini 2 nd Pada in Taurus to Rohini 3 rd Pada in Taurus .
- Mercury transits from Bharani 3 rd Pada in Aries to Bharani 4 th Pada,
- Venus transits from Rohini 1 st Pada in Taurus to Rohini 3 rd Pada in Taurus .
- Mars, in Retrograde motion, transits in 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 from Pubba 2 nd Pada to Pubba 3 rd Pada in Leo and from Virgo Navamsa to Libra Navamsa .
- Rahu and Ketu transit in Leo and Aquarius.
During the week, Moon transits in Aquarius and Pisces during Monday to Wednesday and the range between these days shall be kept as a reference for the Next Three weeks and shall be Bullish above the High and Bearish below the Low .
First Half Better (for Monday)
Tithi :: Vaisakha Krishna Navami
Nakshatra :: Poorvabhadra
Persons born in Aswini , Makha and Moola constellations and Pisces and Cancer are advised to be alert in their dealings.
Sensitive / Trend change Timings : 2.50 PM
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 1 PM and could remain flat to Bearish till the end of the day.
Astro Technical Trading Strategy ...
After 9.30AM, If Nifty fut. Trades above the Open Level / Average Traded Price, Long Positions can be taken with Low level as stop loss and such positions may be closed by about 12.30 AM.
Resistance around 8200, 8230 and Support around 8110, 8075