WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for Week 04.07.2016 to 08.07.2016

First Half Bullish      

NIFTY :: 8328 (+ 239)

Nifty traded in  a wide range (8039 and 8357) and closed with a gain  of about 3%. Brexit Vote is negated and the market has become quite strong. FII Inflow is to be watched carefully and if the inflows are either tepid or become negative, it is to be viewed as negative. Market moved in Pisces during Monday and Tuesday last week between 8039 and 8146 and this period is quite sensitive for the market and the range during these Two days is to be watched for the market and  it went  above the high of this range and went upto 8357 and closed at 8328. It can be expected to go up further .

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8196, 8024, 7665 and 7787 respectively and wouldact as  Supports  as Nifty is trading  above all    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 8400 with resistance at  8475, 8550,8625

Bearish below 8250 with Supports at 8175, 8100,8025.

Breakout level : 8475, Breakdown level : 8150

Planetary Position...

- Moon would be transiting  from Aardra 3 rd    Pada in Gemini to Makha 4 th d   Pada in Leo.       

- Sun transits from  Aardra 4 th  Pada in Gemini  to Punarvasu 1 st    Pada in Gemini.

- Mercury  transits from  Aardra 3 rd  Pada in Gemini   to Punarvasu 2 nd   Pada in Gemini ,

- Venus transits from Punarvasu 2 nd   Pada in Gemini to Punarvasu 4 th  Pada in Cancer .

- Mars, in Direct motion, transits in   Visakha 3 rd  Pada in Libra .

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

- Jupiter   transits in  Pubba 4 th   Pada  in  Leo and in  Scorpio  Navamsa .

- Rahu and Ketu transit in Leo and Aquarius and in Libra and Aries Navamsas

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for 04, July 2016

Opening Session  Better     

Astro Info:: Tithi :: Jyeshta Bahula Amavasya 

Nakshatra ::Aardra

Persons   born in  Jyeshta, Aslesha and Revathi  constellations and Cancer and Scorpio    are advised to be alert in their dealings. 

Sensitive / Trend change Timings :: .10.50AM;12.50PM; 1.20PM;

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 10.45AM and remain subdued thereafter till about 1.30PM and could recover after 1.30PM.

Astro Technical Trading Strategy...

After 9.30AM, if Nifty fut trades above the Open Price / Average Traded Price(ATP), Long  positions can  be taken with Low Level as Stop Loss and such positions can be closed by about 10.45AM. After 11.00 AM,if Nifty trades below the ATP, Short positions can be taken with suitable stop loss and such positions can be closed by 1.30PM.

Technical Levels...

Resistance around 8370, 8400, Support  around 8290, 8260