Week
end Better….!!!
Planetary
Position
-
Moon would be transiting from Makha in Leo to
Chitta in Libra. . . .
-
Sun transits in Mrigasira in Gemini and
Aardra in Gemini..
-
Mercury transits in
Rohini in 2nd
pada and 3rd
pada...
-
Venus transits in Aslesha 2nd
and 3rd Pada.
-
Mars transits in Mrigasira in 3rd pada and Mrigasirav
4th Pada,
-
Saturn transits in Anuradha constellation in Scropio sign in
1st
Pada and in Leo Navamsa and remains in retrograde motion
from 14th March
to 2nd August,
2015.
-
Jupiter ,, transits in Cancer in Aslesha constellation in
Aquarius Navamsa .
-
Rahu and Ketu continue their transit in Virgo and Pisces
respectively.
Nifty
Outlook for Next Week :: (22.06.2015 to 26.06.2015) …
NIFTY
:: 8225 (-246)
(Overbought
… Tecchnical Drawback …)
Nifty
gained on all the Five lays and In view of the last session of
Derivative week of the Month, the session would be quite
volatile. Market needs to trade above the last weeks high to
confirm this pattern.
20DMA,
50DMA, 100DMA and 200 DMA are placed at about 8223, 8323, 8507 and
8387 respectively and would
act
as supports / resistances. Nifty is trading below all the
average , particularly below 100 DMA, which is a matter of
concern.
While
Nifty continues to trade below the 200 DMA and 50 DMA too is
above 200 DMA (Golden Cross) suggesting that the Bullish trend is in
tact.
Technical
Levels ::
Bullish
above 8300 with resistance at 8380, 8450, 8540
Bearish
below 8150 with Supports at 8075, 8000, 7925.
Nifty held at higher levels and being last week of Derivative expiry is close to resistance of about 8300 .
Breakout
level for the week is 8300, and break down level for the week
is 7875..
Advice
for Traders ::
However,
While the long term trend is bullish, Medium term would once again
turn bullish only if Nifty is able sustain above 8500. If Nifty /
scrips sustain above Friday’s high level, Friday’s low level
could offer strong support for short term for a reasonable pullback.
Friday’s
session is likely to be compared to be sessions upto Thursday.
Weekly
Open level is very important for the entire week.
Short positions may be avoided as long as it maintains / closes above
Weekly open and vice versa
Short positions may be avoided as long as it maintains / closes above
Weekly open and vice versa
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