Strong Support for Nifty @ 8100 …!

Outlook for 12.10.2015 to 16.10.2015

NIFTY :: 8190    (+240)

Nifty gained  far above the reisstance level of 8050 and finally closed around 8190 level with a 3% uplevel..

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7940, 8097 8220 and 8366.  respectively and would act as supports / resistances. Nifty is trading  below  half  of   the  averages  which is a matter of  concern.

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

Moon transits between Uttarabhadra and  Revathi during 28^th September and 29^th September 2015. Highest and Lowest levels during these days would be the reference range for the next Three Weeks  s.

Nifty’s Highest and Lowest levels during the above period was 7921 and 7691 and traded above the highest levels thereafter till about 8240.

Trend change has taken place Nifty during the week with Nifty closing at more than 8110. Medium term would once again turn bullish only if Nifty is able sustain above 8150 for One more week. . Nifty would face strong support  around 8100, below  which it will have real bearishness .

Technical Levels ::

Resistance at 8325, 8400, 8475 (Bullish above 8250)

Supports at 8050, 7975, 7900 (Bearish below 8125)

Breakout level 8300 ; Breakdown level 7900,..... 

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 Last week’s High.

Planetary Position...

Moon would be transiting  from Hastha  2^nd    Pada  in Virgo    to Anuradha 1 st  Pada in Scorpio

Sun transits in  Chitta 1^st  Pada in Virgo  to Chitta 2 nd   Pada in Virgo.

Mercury turns direct and   transits  in Uttarashadha 4 th  Pada  to  . Hastha 1^st Pada. .  

Venus transits in  in   Makha 3 rd Pada  in Leo to Makha 4 th Pada in Leo. .

Mars transits in   Leo in  Pubba 1^st Pada to Pubba 2^nd Pada. ,

Saturn  transits in   Anuradha constellation in Scropio sign in 2 nd  Pada  and in Virgo Navamsa .

Jupiter ,, transits in  Leo in  Pubba 2 nd  Pada in Virgo  Navamsa .  

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