Skip to main content


Outlook for Next Week 07.08.2017 to 11.08.2017

Correction Due ....Midweek due for correction

NIFTY :: 10066 (+51)

Nifty traded in  a   range of 9988  to 10138   during last week and closed nearer to  the middle  of the range  for the week at 10066 with a Gain  of  51 Points,  a gain   of  about 0.5%.  Market had closed with a  positive outlook. Market has closed in the green for 5 weeks and is due for a correction.

- The short term trend is Bullish and It is Bullish both  for Medium and Long term, Short term could become Bearish  if Nifty comes and closes below   9950.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9946, 9746, 9497 and 8971 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 suggesting that the Long term outlook has become Bullish and Nifty continues to trade above all the moving Averages and hence can be considered Bullish  for Long term too.

Technical Levels...

Breakout level : 10150 Breakdown level : 9950

Bullish above 10140 with Resistance at  10215, 10290

Bearish below 9990 with Supports at 9915, 9840.

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 Sravana 2 nd Pada in Capricorn to Uttarabhadra 2 nd Pada in Pisces.

- Sun transits from Aslesha 2 nd Pada in Cancer to Aslesha 4 th Pada in Cancer .

- Mercury transits from Pubba 1 st Pada to Poorva Phalguni 2 nd Pada in Leo.

- Venus transits from Aardra 3 rd Pada in Gemini to Aardra 4 th Pada in Gemini.

- Mars , being debilitated, transits in Aslesha 1 st Pada in Cancer.

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

- Jupiter transits in Chitta 1 st Pada in Virgo and in Leo Navamsa.

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

During the week , Market would transit in Aquarius and Pisces between Wednesday and Friday and would make a range beyond which it would make a new High and if it breaches the Low next week, it would make a New Low.

Closing Session Better (for Monday)

Tithi ::Sraavana Sukla  Pournima

Nakshatra :: Sravana

Persons born in  Punarvasu , Visakha and Poorvabhaadra and those  born in Aquarius and Gemini are advised to be alert in their dealings. 

Sensitive / Trend change Timings : 1.45PM; 2.40PM:

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open Steady  and remain so upto  about 11.15 AM and remain Subdued  thereafter  till about 1.30PM and remain  Steady / Better till about close of  the day.

Astro Technical Trading Strategy....

If Nifty Fut. Trades below   the     ATP level by about 11.30AM , Short  Positions can be taken with suitable   SL, and such positions can be closed by about 1.20AM. If Nifty fut trades above   the ATP by about 1.30PM, Long positions can be taken with suitable SL and to be closed by about end of the day.

Technical Levels...
Resistance : 10105, 10140 Support  : 10025, 9990 


Popular posts from this blog


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…


Leading businessman Anil Ambani today said more than creating wealth for himself, his father late Dhirubhai Ambani derived greater happiness from creating wealth for masses. "If you ever asked what part of being an entrepreneur he (late Ambani) enjoyed the most, he would say, 'I enjoy creating wealth. But what I enjoy even more is in creating wealth for the people of the country,'" the Anil Ambani Group chairman said while addressing an industry event here. It can be noted that the late Ambani, who had a humble beginning as a primary school teacher's son in Gujarat, is regarded as the father of capital markets and the equity cult, who made millions of investors millionaires with the IPO of Reliance Textile Industries in 1977. A person who had put in Rs 1,000 then in the IPO is worth over a million today, going by the price of RIL. Stating that the launch of Kothari Pioneer Mutual Fund, which was country's first private MF in 1993, was his (Dhirubhai's) id…


Gripped by fear psychosis due to geo-political aftershocks, key stock market indices were on a sticky wicket for the fifth day today as both Sensex and Nifty fell over 1 per cent to hit their one-month lows. The sharp plunge left investors poorer by over Rs 95,000 crore as the market cap stood at Rs 1,27,08,846 crore. Risk appetite took a hit after the Economic Survey said achieving the high end of the 6.75-7.5 per cent growth projected previously will be difficult. This is markets' first weekly fall in six.
Weakness in the rupee against the American currency and lacklustre global shares dragged down the indices, too. The BSE 30-share Sensex remained in the negative zone and settled down 317.74 points, or 1.01 per cent, at 31,213.59, its weakest closing since July 4. The index had tumbled 794.08 points in the last four sessions. The NSE Nifty after cracking the 9,700-mark to hit a low of 9,685.55, finally settled lower 109.45 points, or 1.11 per cent…