Skip to main content

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

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.


Technical Levels...

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

Planetary Position...

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

Nakshatra ::Uttarabhadra

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.
Technical Levels...
Resistance around 8225, 8260  and Support  around 8130, 8090

Comments

Popular posts from this blog

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…

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…