for Next Week 24.06.2016 to 01.07.2016
Monday Tues day Range Crucial for Next Three Weeks
NIFTY :: 8089 (-- 81)
Nifty traded in a wide range (8286 and 7927) and closed with a loss of about 1%. Nifty was quite strong till Brexit Vote and fell sharply on the last day of the week due to the referendum Vote. In view of the Brexit Vote certain specific companies will have direct impact and those companies will have direct impact. Similarly certain industries such as IT companies having exports to Euro/ Britain also will face the impact. Brexit impact will be there for some time and market will have to face the impact.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8192, 7705, 7665 and 7773 respectively and would act as Supports as Nifty is trading above most of the Moving Averages.
- Nifty continues to trade above the 200 DMA and 50 DMA too has come above 200 DMA (Golden Cross) suggesting that the Long term outlook has become Bullish.
Bullish above 8165 with resistance at 8240, 8300,8375
Bearish below 8010 with Supports at 7940, 7865,7800.
Breakout level :: 8250 and the Breakdown level :: 7925
Moon would be transiting from Uttarabhadra 1 st Pada in Pisces to Krittika 3 rd Pada in Taurus .
Sun transits from Aardra 2 nd Pada in Gemini to Aardra 3 rd Pada in Gemini.
Mercury transits from Mrigasira 3 rd Pada in Gemini to Aardra 1 st Pada in Gemini ,
Venus transits from Aardra 4 th Pada in Gemini to Punarvasu 1 st Pada in Gemini.
Mars, in Retrograde motion, transits in Visakha 3 rd Pada in Libra and gets into Direct motion by weekend.
Saturn, in Retrograde motion , transits in Jyeshta 1 st Pada in Scropio sign and in Sagittarius Navamsa .
Jupiter transits in Pubba 3 rd Pada in Leo and in Libra Navamsa .
Rahu and Ketu transit in Leo and Aquarius.
Market moves in Pisces during Monday and Tuesday and this period is quite sensitive for the market and the range during these Two days is to be watched for the market and if it goes above the high of this range it would be Bullish and if it goes below the Low of this range, it becomes Bearish for the next Three weeks.
for Mon day, 27.06.2016
Mid Session Better
Astro Info:: Tithi :: Jyeshta Bahula Sapthami
Persons born in Bharani . Pubba and Poorvashadha constellations and Aries and Leo are advised to be alert in their dealings.
Sensitive / Trend change Timings for the day :: .1.55 PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady / Subdued till about 12 o” Clock and recover thereafter till about 2 PM and again remain subdued.
Astro Technical Trading Strategy...
After 9.30AM, if Nifty fut trades below the Open Price /Average Traded Price(ATP), Short positions can be taken with High Level as Stop Loss and such positions can be closed by about 12 PM. After 12PM,if Nifty futures trades above ATP, long positions can be taken with suitable Stop Loss, and such positions can be closed by about 2PM.
Resistance around 8225, 8260 and Support around 8130, 8090