WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

LAST WEEK LOW, SIGNIFICANT SUPPORT.!!!

NIFTY :: 8335 (-150)

Oversold … Tecchnical Pullback

Nifty having gained  on all the Three weeks, it had corrected for  at least  One week. Reference for  Astro month is the range between  Monday to Thursday (8562 and 8332),

Nifty lost during the week because of global cues and    . Market needs to trade above the last week*s Low   to confirm this  pattern.,   

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8312, 8262, 8322 and 8515 respectively and would act as supports / resistances. Nifty is trading  above  most of   the  averages , particularly below 200 DMA, which is a matter of concern.

While Nifty continues to trade above  the  200 DMA and 50 DMA too is below  200 DMA (Golden Cross) suggesting that the Bearish  trend is   in   tact..

Technical Levels For the coming week

- Bullish above 8460 with resistance at 8535, 8600, 8675

- Bearish below 8255 with Supports at 8175, 8100, 8075

- Breakout level 8650 and the Breakdown level 8250... 

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 8550. If Nifty / scrips sustain above Friday’s Low  level, Friday’s low level could offer strong support for short term for a reasonable pullback.

Nifty had corrected for One week after Three weeks, it could once again see an uptretrend for One Week.

Weekly Open level is very important for the entire week.
Long  positions may be avoided as long as it maintains / closes below
Weekly open and vice versa.

Planetary Position

- Moon would be transiting  from Rohini in Taurus  to  Pushyami in Cancer, . .

- Sun transits in Punarvasu in 3^rd Pada  to Punarvasu 4^th PAda in Cancer.

- Mercury   transits  in  Aardra 3rd Pada Punarvasu 3^rd Pada.  . ..

- Venus transits in  Makha 2nd Pada.

- Mars transits in  Aardra in 4^th   Pada   and Punarvasu 1^st Pada.

- Saturn transits in   Anuradha constellation in Scropio sign in 1^st Pada  and in Leo Navamsa and remains in  retrograde motion from 14^th March to 2^nd August, 2015.

- Jupiter ,, transits in  Cancer in Aslesha constellation in    Pisces  Navamsa to Makha 1^st PAda.

- Rahu and Ketu continue their transit in Virgo and Pisces respectively.