Skip to main content

WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Outlook for the Week 05.06.2017 to 09.06.2017

NIFTY : 9654 (+59)

Nifty traded in a narrow range of 9548 to 9674 during last week and closed at the Upper end of the range for the week at 9654 with a Gain of 59 Points (a gain of about 0.6%). It rallied for 4 weeks and is on the way for 5 th week. Market had closed with a slight Positive outlook.

- The short term trend is also UP . It is Bullish both for Medium and Long term, Short term could become Bearish if Nifty comes and closes below 9400.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9480, 9311, 9016 and 8739 respectively and would act as Supports and Resistances as Nifty is trading above all the Moving averages.

- Nifty continues to trade above the 200 DMA and also the 50 DMA and 50 DMA too has come above 200 DMA (Golden Cross has come more than about Four months ago) suggesting that the Long term outlook has become Bullish and Nifty continues to trade above both the Long term Averages and hence can be considered Bullish for Long term too.

Week Technical Levels...

Breakout level : 9750 Breakdown level : 9400

Bullish above 9725 with Resistance at 9800, 9875

Bearish below 9525 with Supports at 9450, 9375

Advice for Traders...

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.

--------------------------------------
Planetary Position

- Moon would be transiting  from Chitta 3 rd  Pada in Libra to Jyeshta 2 nd Pada in Scorpio.

- Sun transits from Rohini 4 th Pada in Taurus to Mrigasira 1 st Pada in Taurus.

- Mercury transits from Krittika 2 nd Pada to Rohini 1 st Pada in Taurus.

- Venus transits from Aswini 2 nd Pada in Aries to Aswini 3 rd Pada in Aries.

- Mars transits in Mrigasira 4 thPada in Gemini to Aardra 1 st Pada in Gemini.

- Saturn, in Sagittarius, moves in Retro motion, transits in Moola 1 st Pada to Moola 1 st Pada in Aries Navamsa .

- Jupiter, in Retro motion, transits in Hastha 3 rd Pada in Virgo and in Gemini Navamsa.

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

--------------------------------------
First Half Better (for Monday)

Tithi ::Jyeshta Sukla Ekadasi

Nakshatra: Chitta;

Persons born in Pushyami, Anuradha and Uttarabhadra and those born in Scorpio and Pisces are advised to be alert in their dealings.

Sensitive / Trend change Timings : 10.00 AM; 11.10AM; 2.25 PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open Subdued and remain so till 10.30 AM and remain Better thereafter from 10.40 AM till about 12.40PM and remain steady / Subdued thereafter till about close of the day.

Astro Technical Trading Strategy...

If Nifty Fut. Trades below Open / ATP level by about 9.30AM , Short Positions can be taken with suitable SL, and such positions can be closed by about 10.30 AM. If Nifty Fut trades above ATP by about 10.45 AM, Long Positions can be taken with suitable stop loss and such positions can be closed by about 12.40 PM .

Technical Levels...
Resistance : 9695, 9730; Support : 9615, 9580

--------------------------------------

IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto  Bearish trigger level / other support levels.

Intraday trend given above is relative and based purely on the basis of planetary positions / aspects and needs to be understood and astrological portion given above should be considered together and applied for taking proper trading decisions.

Disclaimer :: Intraday trading is risky and Astro guidance is to be depending on intraday movements . applied depending on the real time market movement.  used as an additional tool in addition to technicals and adapted  Technical portion. Loss / Gain in market depends onIndividual natal chart.  Creator only knows what is going to happen and astrologer can only indicate what is likely to happen . Investment decisions made on the above analysis would be at your own risk and I take no responsibility for your decisions based on the above analysis.'

Trade only with stop loss..

Stay Disciplined for Successful Trading and Investing..

Comments

Popular posts from this blog

JIO TARIFF CICK FOR TELECOM STOCKS

Telecom stocks today surged up to 8 per cent after the recent increase in Reliance Jio tariffs, which is largely seen as positive for the sector. Shares of Bharti Airtel jumped 4.99 per cent to close at Rs 497.50 on BSE. Bharti Airtel was the biggest gainer among the 30-share index components. The scrip of Idea Cellular soared 7.74 per cent to end at Rs 98.15 and Reliance Communications zoomed 7.60 per cent to Rs 17.70. Reliance Jio made its service dearer by about 15 per cent for its popular 84-day plan at Rs 459 from October 19, under which subscribers get 1GB 4G data at high speed per day. The company restructured its various schemes by reducing their validity period. The recent increase in Reliance Jio tariffs will increase its average revenue per user by up to 20 per cent and is a positive for the telecom sector, which is seeing a rapid consolidation, says a Philip Capital report. Established telecom sector players have seen huge reduction in their margins. Idea Cellular and Reli…

INVESTORS RICHER BY Rs. 25 LAKH CRORES IN SAMVAT 2073

Stock markets ended on a flat note on Wednesday, just below their record highs, but finished Samvat 2073 with robust gains of over 16 per cent. Equities added over Rs 25 lakh crore to investors' wealth this Samvat year. The benchmark Sensex has gained 4642.84 points, or 16.61 per cent, in the Hindu Samvat year 2073, while the broader NSE Nifty surged 1572.85 points, or 18.20 per cent during this period.
Small loss in last session
In the last session of the Samvat 2073 on Wednesday, the 50-share Nifty fell by 23.60 points or 0.23 per cent to close at 10,210.85 after moving between 10,175.75 and 10,236.45. The Sensex resumed lower at 32,518.56 and fell further to a low of 32,462.85 before ending at 32,584.35, down 24.81 points or 0.08 per cent. Investors adopted a cautious approach ahead of the long Diwali weekend, while a weak rupee too affected sentiment, brokers said.
- Axis Bank emerged as the worst performer among Sensex components, tumbling 9.52 per cent following a spike in ba…

BIRLAS ENTER TOP LEAGUE WITH $50 BILLION M CAP

The Aditya Birla group has entered the top valuation league with a market cap of over USD 50 billion post listing of financial services arm Aditya Birla Capital (ABCL), but Tatas remain on top with over USD 132 billion.
The combined market valuation of the Kumar Mangalam Birla-led listed companies stood at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday's trade.
Among various listed companies of the group, UltraTech Cement's valuation stood at Rs 1,10,097.70 crore at the end of Friday's trade while that of Grasim Industries was Rs 76,881.73 crore.
The newly-listed Aditya Birla Capital's market capitalisation was over Rs 55,000 crore, Hindalco (Rs 54,607.09 crore), Idea Cellular (Rs 32,064.91 crore), Aditya Birla Fashion and Retail (Rs 13,155.73 crore) and Aditya Birla Money (Rs 547.71 crore).
Among Indian conglomerates, the Tata group remains on the top in terms of total valuation of listed firms with about Rs 8,46,567 crore (USD 132.5 billion).
There are 29 pu…