WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

Bullish above 8640  ….. !!!

Outlook for Next Week :: (17.08.2015 to     21.08.2015) …

NIFTY :: 8515 (--50)

Nifty lost more than 0.50’% despite huge uptrend of about 2% on Friday. Chinese currency devaluation spoiled the entire world markets. Further, Monsoon session washed out without any passage of bills.  WPI inflation was the lowest in the Four yesars.  

20DMA, 50DMA, 100DMA and 200 DMA are placed at about 8495,, 8401,, 8427 and 8385 respectively and would act as supports / resistances. Nifty is trading  above  all   the  averages  which is a matter of  joy.

While Nifty continues to trade above  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 8600 with resistance at 8675, 8750, 8825

Bearish below 8450 with Supports at 8375, 8300, 8225

Breakout level for the week 8675 Breakdown level 8275..... 

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 for about Two weeks. Nifty would face  resistance around 8650, above which it will have real bullishness.

Weekly Open level is very important for the entire week.
Long  positions may be considered  as long as it maintains above
the Last week’s High.

Planetary Position...

During the current week Moon would be transiting  from  Uttarashadha 1 st Pada   in Leo to Aslesha 3rd  Pada in Cancer. To SWathi 4^th Pada in Libra.

Sun transits in Aslesha  4^th Pada.to Makha2nd Pada in Leo.

Mercury   transits  in  Pubba 3^rd  Pada to . Uttarashada 1^st Pada in Leo.. . .

Venus transits in Retro motion in  Aslesha in 4th Pada to aslesha 3^rd Pada  from 25^th July to 6^th September.

Mars transits in  Pushyami  3^rd Pada.  To  Pushyami 4 th Pada..

Saturn moves into Direct motion and transits in   Anuradha constellation in Scropio sign in 1^st Pada  and in Leo Navamsa .

Jupiter ,, transits in  Leo in Makha constellation in 2^nd  Pada  in Taurus  Navamsa. To  Makha 3^rd PAda in Gemini Navamsa.

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

Venus retrograde motions is a cause for concern .