Weekly Range very Crucial for the entire Month
Nifty Outlook for Next Week :: (02.01.2017 to 06.01.2017) …
NIFTY :: 8186 ( + 200)
Nifty traded in a wide range of 8195 to 7894 during last week and closed at the Upper end for the week at 8186 with a Gain of 200 Points, a gain of about 2.5%. Market was in Positive zone through out the week.
Market would move between Aquarius and Pisces between Monday and Friday and the range of this week would be crucial for the next Three weeks and when the High is Crossed, it would be Bullish and the Low is breached, it would become Bearish.
- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8111, 8247, 8474 and 8249 respectively and would act as Supports and Resistances as Nifty is trading below most of the Moving Averages .
- Nifty continues to trade below the 200 DMA and and also trading below 50 DMA and 50 DMA has come below 200 DMA (Death Cross has come towards last week end) suggesting that the Long term outlook has become Bearish.
Technical Levels ::
Bullish above 8260 with Resistance at 8335, 8410, 8485.
Bearish below 8110 with Supports at 8035, 7960,7885.
Breakout level : 8400 Breakdown level : 8000
- Moon would be transiting from Dhanishta 3 rd Pada in Aquarius to Revathi 4 th Pada in Pisces
- Sun transits from Poorvashadha 2 nd Pada to Poorvashadha 3 rd Pada in Sagittarius.
- Mercury transits from Moola 3 rd Pada to Moola 2 nd Pada(in Retrograde Position ) in Sagittarius .
- Venus transits from Dhanishta 4 th Pada in Aquarius to Sathabhisham 1 st Pada in Aquarius.
- Mars transits in Sathabhisham 3 rd Pada to Sathabhisham 4 th Pada in Aquarius .
- Saturn transits in Jyeshta 4 th Pada in Scropio sign and in Pisces Navamsa
- Jupiter transits in Chitta 2 nd Pada in Virgo and in Virgo Navamsa.
- Rahu and Ketu transit in Leo and Aquarius and in Virgo and Pisces Navamsas,
Forenoon Subdued (for Monday)
Tithi ::Pushya Sukla Chaturdhi
Persons born in Pushyami, Anuradha, Uttarabhadra constellations and those born in Pisces, Cancer are advised to be alert in their dealings.
Sensitive / Trend change Timings : 10.40AM;1.30PM;
Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open Steady and remain Subdued from 10.00AM till about 1.00 PM and remain better till about 2.45 PM.
Astro Technical Trading Strategy...
If Nifty Fut. Trades below ATP/ Open by 10 AM . Short Positions can be taken with suitable SL, and such positions can be closed by about 12.45 PM. If Nifty Fut trades above ATP by about 1.15 PM, Long Positions can be taken with Suitable SL and such positions can be closed by about 2.45 PM.
Resistance : 8225, 8260 Support : 8145, 8110