Outlook
for Next Week 12.12.2016 to 16.12.2016
Second
Half could be mildly Better
NIFTY : 8139
(- 122)
Nifty traded in a narrow
range of 8231 to 8127 during last week and closed at the
Lower end for the week at 8139 with a Loss of 122 Points, a Loss of about 1.50%.
Market was in negative zone through out the week and more particularly lost 91
points on Monday itself.
- Mercury has turned Retrograde on
Monday evening for about Three weeks and during this period market would move
in a Dual way and the information during this period could be unreliable.
-
Nifty is Bullish for Medium and Long term, short term could be quite
volatile. Unless Nifty comes and closes above 8350, correction would continue to
persist.
-
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8128, 8369, 8530
and 8201 respectively and would act as Supports and
Resistances as Nifty is trading only above 20 DMA .
- Nifty continues to trade below
the 200 DMA and is also trading below 50 DMA but 50 DMA
has come above 200 DMA (Golden Cross) suggesting that
the Long term outlook is rather Bullish.
Technical
Levels…
- Breakout
level : 8350 Breakdown Level : 8000
- Bullish
above 8200 with resistance at 8275, 8350, 8425
- Bearish
below 8160 with Supports at 8085, 8010,7950.
-------------------------------------
Planetary
Position…
-
Moon would be transiting from Makha 4 th Pada in
Leo to Chitta 4 th Pada in Leo.
-
Sun transits from Moola 2 nd Pada to Moola 3 rd
Pada in Sagittarius.
-
Mercury transits from Poorvashadha 3 rd Pada to
Poorvashadha 2nd Pada(in Retrograde Position ) in Sagittarius
.
-
Venus transits from Sravana 3 rd Pada in
Capricorn to Dhaishta 1 st Pada in Capricorn.
-
Mars transits in Dhanishta 4 th Pada to Sathabhisham 1
st Pada in Aquarius .
-
Saturn, in Direct motion , transits in Jyeshta 3
rd Pada in Scropio sign and in Aquarius Navamsa .
-
Jupiter transits in Chitta 1 st
Pada in Virgo and in Leo Navamsa.
-
Rahu and Ketu transit in Leo and Aquarius and in Virgo and Pisces
Navamsas
------------------------------------
Closing Weak/ Opening Better (for Monday)
Tithi ::Margasira Bahula
Trayodasi
Nakshatra ::Anuradha
Persons born in
Bharani, Pubba and Poorvashadha constellations and those born in
Sagittarius and Aries are advised to be alert in their dealings.
Sensitive / Trend change Timings ::10.20 AM ; 2.45PM;
Likely Intraday Trend…
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and remain Better immediately after Opening till about 11 AM and remain Steady thereafter and to remain weak from 2 PM till about end of the day.
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and remain Better immediately after Opening till about 11 AM and remain Steady thereafter and to remain weak from 2 PM till about end of the day.
Astro
Technical Trading Strategy…
If Nifty Fut. Trades above Opening
Level / ATP by about 9.30 AM , Long Positions can be
taken with suitable SL, and such positions can be closed by about 11 AM .
After 2.00 PM, if Nifty fut trades below the ATP ,
Short Positions can be taken with suitable SL and such positions can be
closed by about end of the day.
Technical Levels…
Resistance : 8025, 8055 Support :
7945, 7910
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