WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for Week 06.06.2016 to 10.06.2016

CAUTION @ HIGHER LEVELS        

Nifty traded in  a narrow range and closed higher for the week with a gain of 0.80%.

Nifty ,having cleared all the hurdles is at seven  month High and for the week caution is to be exercised at higher levels.

NIFTY :: 8221 (+64)

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 7954, 7835, 7596 and 7781 respectively and would act as  Supports  as Nifty is trading  above all    the   Moving Averages.  

- While Nifty continues to trade above    the  200 DMA and  50 DMA too has come above   200 DMA (Golden Cross) suggesting that the Long term outlook has become Bullish.

- During the Last week, Moon transited in Aquarius and Pisces during Monday to Wednesday and the range during  these days was 8215 and 8134 (77 points) and crossed the high level in the next Two days and went up to 8262 and closed at 8221. The range has been quite narrow and the SL to kept for the next Three weeks shall be 8134.

Technical Levels...

Bullish above 8275 with Resistance at  8350, 8425,8500

Bearish below 8150 with Supports at 8075, 8000,7925

Breakout level : 8325, Breakdown : 8100

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 Weekly open level.

Planetary Position...

- Moon would be transiting  from Mrigasira 4 th   Pada in Gemini to Makha 2 nd    Pada in Leo .    

- Sun transits from  Rohini 4 th   Pada in Taurus to Mrigasira 1 st    Pada in Taurus .

- Mercury  transits from  Krittika 1 st  Pada in Aries to Krittika 2 nd   Pada in Taurus,

- Venus transits from Rohini 4 th   Pada in Taurus  to Mrigasira 2 nd   Pada in Taurus .

- Mars, in Retrograde motion, transits in   Visakha 4 th    Pada in Scorpio.

- Saturn, in Retrograde motion ,   transits in  Jyeshta 1 st  Pada in Scropio sign and in Sagittarius  Navamsa .

- Jupiter   transits from    Pubba 3 rd   Pada to Pubba 3 rd Pada in  Leo and from    Libra Navamsa .

- Rahu and Ketu transit in Leo and Aquarius.

------------------------------

Mid Session Better …. .. … !!!           

for Monday, 06.06.2016

Astro Info:: Tithi :: Jyeshta Sukla Vidiya,

Nakshatra ::Arudra   

Persons   born in  Aslesha, Jyeshta and Revathi  constellations and Cancer and Scorpio  are advised to be alert in their dealings. 

Sensitive / Trend change Timings :10.25AM;

Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady/ subdued   and remain generally better after 10.30 for most part of the day and is expected to be subdued towards close of the day.

Astro Technical Trading Strategy...

After 10.30AM, If Nifty fut. Trades above    the  OpenPrice / Average Traded Price, Long    Positions can be taken with Low  level as  stop loss  and such positions may be closed by about 2.00PM.

Technical Levels...

Resistance around 8260, 8300  and Support  around 8180, 8150