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Outlook for Week  24.10.2016 to 28.10.2016

Scrip Specific Movements Likely

NIFTY :: 8693 ( + 110)

Nifty traded in  a wide range of 8727 to 8506 during last week and closed nearer to the High level of the at 8693   with a  gain of 110 Points,  a gain  of  about 1.35%.

Market had closed with a positive   outlook  with a gain  of 1.35% i.e., 110 points . This week being last week of F&O week, scrip specific week is possible and Bullish scrips  could go up further and Bearish scrips could go down further.  While it is quite Bullish for Medium and Long term, short term could be quite volatile. Unless Nifty comes and closes above 8750, correction would continue to persist.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8692, 8705, 8505 and 8046 respectively and would act as  Supports  and Resistances as Nifty is trading  above most of the Long term   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 is  Bullish.

Technical Levels...

Breakout level : 8775, Breakdown level : 8600

Bullish above 8775 with Resistance at 8850, 8925, 9000

Bearish below 8625 with Supports at 8550, 8475,8400


Planetary Position

- Moon would be transiting  from Aslesha 3 rd   Pada in Cancer   to Hastha 2 nd   Pada in Virgo.

- Sun transits from  Swathi 1 st Pada to Swathi 2nd Pada in Libra.

- Mercury  transits from  Chitta 4 th   Pada in Virgo     to Swathi 2 nd   Pada in Libra .

- Venus transits from Anuradha 3 rd    Pada in Scorpio    to Jyeshta 1 st Pada in Scorpio.

- Mars transits in  Poorvashadha 4 th    Pada to Uttarashadha 1 st  Pada in Sagittarius .

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

- Jupiter   transits in     Hastha 2 nd  Pada and in Taurus   Navamsa.

- Rahu and Ketu transit in Leo and Aquarius and in Leo  and Aquarius  Navamsas.

Moon transited  from Aquarius and Pisces during October 13 th and 14 th and the range that is established (8682 to 8541) would be crucial for the next Three weeks and It would become further Bullish if it crosses the High(8682) then the target would be 8825 and 8970  and Bearish if it crosses the Low of the range (8541) then the target would be 8400 and 8260. Asmentioned above, it crossed the lower range on Monday(upto 8506)and crossed the High too on Tuesday itself and closes near  the High for the week at 8693 and turned Bullish for the month. 

for Monday

Midsession Bullish

Tithi ::Aswayuja Bahula Navami

Nakshatra ::Aslesha.

Persons   born in  Krittika, Uttara and Uttarashadha constellations  and those born in Leo and Sagittarius are advised to be alert in their dealings.

Sensitive / Trend change Timings for the day :: 10.50AM; 3.10PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open steady Subdued    and remain so upto bout 11AM and recover thereafter upto about 2 PM and remain subdued thereafter.

Astro Technical Trading Strategy...

After 11 AM, if Nifty fut trades above      the Open Price / Average Traded Price (ATP), Long  positions can be taken with suitable    Stop Loss and such positions can be closed around 2 PM.

Technical Levels...
Resistance : 8735, 8770 Support : 8655, 8620


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