Skip to main content

WEEKLY ASTRO TECHNICAL GUIDE

MAY RISE THIS WEEK

Outlook for the Week 03.07.2017 to 07.07.2017

NIFTY :: 9521 (- 54)

Nifty traded in a range of 9449 to 9615 during last week and closed nearer to the middle end of the range for the week at 9521 with a Loss of 54 Points (about 0.6%), with a negative outlook. Market Lost 54 points throughout the week gaining about 30 points on Thursday/Friday. Nifty has breached the crucial Support as it has breached the level of 9525 and the next major Support level is 9500.

- 4 th July is the Trend Change date.

- The short term trend is Neutral to mildly Bearish . It is Bullish both for Medium and Long term, Short term could become Bullish if Nifty comes and closes below 9700.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9607, 9483, 9238 and 8827 respectively and would act as Supports and Resistances as Nifty is trading above most of the Moving averages except 20 DMA.

- 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 at about Six 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.

- Moon has commenced its journey between Dhanishta and Revathi in Aquarius and Pisces Raasis between 15 th June to 19 th June and has already made a small range of 9561 to 9673 and the High was crossed just by 4 points on 20 th June and the Low was breached last week and the target of 9449 too was reached. Nifty has made Three Weekly Bearish Candles and could go up for One week.

Technical Levels ::

Breakout level : 9670 Breakdown : 9450

Bullish above 9600 with Resistance at 9675, 9750

Bearish below 9450 with Supports at 9375, 9300.

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 Swathi 2 nd Pada in Libra to Moola 1 st Pada in Sagittarius.

- Sun transits from Aardra 4 th Pada in Gemini to Punarvasu 1 st Pada in Gemini.

- Mercury transits from Punarvasu 4 th Pada to Pushyami 2 nd Pada in Cancer .

- Venus transits from Krittika 3 rd Pada in Aries to Krittika 4 th Pada in Taurus.

- Mars transits in Punarvasu 2 nd Pada in Punarvasu 3 rd Pada in Gemini .

- Saturn moves in Retro motion in Jyeshta 4 th Pada in Scorpio and also moves in Pisces Navamsa.

- Jupiter transits in Hastha 4 th Pada in Virgo and in Cancer Navamsa.

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

---------------------------------------------
Second Half Better
Tithi ::Aashadha Sukla Dasami

Nakshatra: Swathi ; Persons born in Aslesha, Jyeshta and Revathi and those born in Scorpio and Pisces are advised to be alert in their dealings.

Sensitive / Trend change Timings : 1.13 PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open steady / Subdued and expected to recover from 12.45 PM to 2.50PM and could remain Steady thereafter till close of the day.

Astro Technical Trading Strategy...

If Nifty Fut. Trades below the Open / ATP level by about 10.45AM , Short Positions can be taken with suitable SL, and such positions can be closed by about 12.30 PM. If Nifty fut trades above the ATP by about 12.45PM, Long Positions can be taken with suitable SL and such positions can be closed by about 2.45PM.

Technical Levels...
Resistance : 9560, 9595 Support : 9480, 9445

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…

STOCK MARKET WELCOME NEW YEAR WITH LOSS

Sensex drops 244 pts
A late sell-off in auto, banking and IT shares pulled back the benchmark BSE Sensex from record high level to close down by 244 points, its biggest single loss in past one month, on the first trading day of 2018. Investors preferred to book profits at record highs amid concerns over fiscal slippages and rising crude oil prices and absence of cues from global markets which were closed for the New Year holiday. The benchmark Sensex touched a low of 33,766.15 before settling lower by 244.08 points, or 0.72 per cent, at 33,812.75. This is the biggest single-day fall since December 1 when the index had lost 316.41. The 30-share index had closed at an all-time high of 34,056.83 in the last session of 2017 on Friday. Also, the 50-share Nifty cracked below the 10,500-mark to hit a low of 10,423.10 before settling 95.15 points, or 0.90 per cent down at 10,435.55. Stocks opened on a weak note and remained range-bound for the better part of the day but an intense sell-off in…

NIFTY EARNINGS FLAT IN 2018

UBS Cautious Note

Projecting zero returns from the Nifty, Swiss brokerage UBS has projected a 10 per cent cut in its index target at 10,500 for calendar 2018, even as it remains positive over the long-term. "Top-down, we forecast Nifty earnings growth will recover from 9 per cent in fiscal 2018 to 13 per cent in 2019, but driven largely by financials," the brokerage said in a report. "However, earnings growth is likely to disappoint against consensus forecast of 22 per cent growth for fiscal 2019, implying a 10 per cent cut," it added. Accordingly, the brokerage estimates "no returns from the Nifty in 2018" and has set the index target at 10,500 for this December. The report noted that a sharp earnings recovery, with continued robust macro stability appears priced in by the markets. "A sharp earnings recovery appears priced in. The markets are already close to our 2018 target, given optimistic fiscal 2019 consensus earnings expectations, which build …