Caution at Higher Levels.... !!!

Nifty Outlook for Week 01.02.2016 to 05.02.2016

NIFTY :: 7564(+ 142)

Nifty after trading  in a small range for most part of the week, it finished the week with good gains on the last day of the week, being first day of new Derivative settlement.

20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7536, 7710, 7844 and 8094.  respectively and would act as  resistances as. Nifty is trading  below most of   the Moving Averages.

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

Technical Levels ::

Bullish above 7635 with resistance at  7700, 7775,7850

Bearish below 7480 with Supports at 7410, 7335, 7260

Breakout level 7700 : Breakdown level 7450

Advice for Traders ::

Nifty is moving in a tight range with Bullish bias.  Nifty is likely to be better in First half of the week and could give up some of the gains in Second half.

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  Swathi 4 th   Pada    in Libra    to  Moola 4 th Pada in Sagittarius.

Sun transits in   Sravana 3 rd   Pada in Capricorn to Sravana 4 th   Pada  in Capricorn.

Mercury transits in  Poorvashadha 3 rd   Pada in Sagittarius   to Poorvashadha 4 th   Pada in Sagittarius.

Venus transits in  in P Shadha 1 st Pada    to  P Shadha 3 rd  Pada in Sagittarius.

Mars transits in   Visakha 1 st    Pada in Libra.

Saturn  transits in  Jyeshta 2 nd Pada in Scropio sign and in Capricorn Navamsa .

Jupiter , gets into Retrograde motion and transits in  Leo in  Uttara 1 st   Pada in  Sagittarius   Navamsa .  

Towards  the end of the last  week, Rahu and Ketu  changed  Raasis to Leo and Aquarius.