WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for Week 13.06.2016 to 17.06.2016

RECOVERY IN SECOND HALF OF THE WEEK    

NIFTY :: 8170 (- 51)

Nifty traded in  a narrow range and closed lower  for the week with a loss  of 0.60%. Since Nifty has closed nearer to the lower end of the week, further downside too can not be ruled out.  But, astrologically, last Two days of the week, market is expected to recover.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8043, 7890, 7630 and 7775 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.

Technical Levels...

Bullish above 8250 with Resistance at  8325, 8400,8475

Bearish below 8100 with Supports at 8025, 7950,7900

Breakout level :: 8250, Breakdown level :: 8075

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 Uttara 4 th   Pada in Virgo       to Visakha 3 rd    Pada in Libra.    

- Sun transits from  Mrigasira 2 nd   Pada in Taurus to Mrigasira 4 th   Pada in Gemini.

- Mercury  transits from  Krittika 3 rd  Pada in Taurus  to Rohini 1 st   Pada in Taurus,

- Venus transits from Mrigasira 3 rd  Pada in Gemini to Mrigasira 4 th   Pada in Gemini.

- 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 in  Pubba 3 rd   Pada  in  Leo and in  Libra Navamsa .

- Rahu and Ketu transit in Leo and Aquarius.

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for Friday, 13.06.2016

Volatile Movements with Bearish Bias        

Astro Info:: Tithi :: Jyeshta Sukla Navami

Nakshatra ::Uttara

Persons   born in  Aardra, Swathi and Sathabhisham  constellations and Libra and Aquarius   are advised to be alert in their dealings. 

Sensitive / Trend change Timings : 2.15PM;

Likely Intraday Trend...

On the basis of planetary position and aspects amongst planets, Market is expected to open steady/ subdued and remain better thereafter till about 12.30 and could remain subdued upto about 2.15PM and remain volatile  thereafter .

Astro Technical Trading Strategy for the day ::  After 9.30AM, if Nifty fut trades above  the Open Price /Average Traded Price(ATP), Long   positions can  be taken with Low  Level as  Stop Loss and such positions can be closed by about 12.15PM.

Technical Levels...

Resistance around 8210, 8240; Support  around 8130, 8100