for Week 08.08.2016 to 12.08.2016

First Half Bullish  

NIFTY :: 8683 (+44)

Nifty traded in  a  range of 8518 to 8711 and closed at 8683 with a gain of about 0.50%, the entire gain coming on the last Day.

Market corrected briefly for about 4 days and moved up by about 130 points on the last day of the week to close the week in the green.  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 could go up further in Medium Term and also in Long term due to passage of GST Bill.

-      20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8573, 8357, 8056 and 7860 respectively and would act 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.

As mentioned last week, GST Bill was cleared in the Rajya Sabha successfully and Friday’s market movement could be attributed to the passage of the Bill itself.

Technical Levels …

-      Bullish above 8750 with Resistance at  8825, 8900,9000  
-      Bearish below 8625 with Supports at 8550, 8475,8400.

-      Breakout level – 8800,  Breakdown level - 8575  

Planetary Position

-   - Moon would be transiting  from Chitta 1 st Pada in Virgo   to Anuradha 4 th Pada in Scorpio.

- - Sun transits from  Aslesha 2 nd  Pada in Cancer  to Aslesha 3 rd    Pada in Cancer.

-  -    Mercury  transits from  Pubba 2 nd   Pada in Leo   to Pubba 3 rd    Pada in Leo 

- -     Venus transits from Makha 3 rd   Pada in Leo   to Pubba 1 st  Pada in Leo .

-   -   Mars transits in  Anuradha 2nd   Pada to Anuradha 2 nd  Pada in Scorpio .

- -     Saturn, in Retrograde motion ,   transits in  Anuradha 4 th  Pada in Scropio sign and in Scorpio   Navamsa .

- -     Jupiter   transits in  Uttara 1 st   Pada  in  Leo to Uttara 2 nd Pada and in  Sagittarius  Navamsa and in Capricorn Navamsa.

-   -   Rahu and Ketu transit in Leo and Aquarius and in Virgo  and Pisces  Navamsas,

Market moved  in between Aquarius and  Pisces during 22 nd July to 26 th July and established a range of 8490 to 8645 and then went upto 8675 and closed the week at 8639. Since it has crossed the range it can be deemed to be Bullish till it comes below 8490.During the week it moved between 8518 and 8711 and closed at 8683, thus not breaching the Low and crossing the High. It can be deemed to be Bullish.

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.
For Monday

Volatile Movements …     

Tithi ::Sravana Sukla Shashti  
Nakshatra :: Chitta
Persons   born in  Pushyami , Anuradha and Uttarabhadra  constellations and Libra and Aquarius   are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day ::9.40AM; 11.45AM; 2.00PM;

Likely Intraday Trend…

On the basis of planetary position and aspects amongst planets,
Market is expected to open steady  / Better and remain subdued from 10.45AM to 1PM.

Astro Technical Trading Strategy…
After 10.45AM, if Nifty fut trades below   the  Average Traded Price(ATP), Short   positions can  be taken with Suitable  Level  as    Stop Loss and such positions can be closed by about 1 PM.

Technical Levels…
Resistance : 8720, 8750 , Support : 8650, 8620



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