WEEKLY ASTRO TECHNICAL GUIDE FOR NIFTY

for Week 20.06.2016 to 24.06.2016

Brexit Poll to take heavy Toll

  

Nifty traded in  a narrow range and closed flat   for the week with no profit / Loss. Market is likely to take a heavy toll of Brexit Poll referendum results which is expected to be considered on 24^th June.

Nifty was weak in the First half of the week and recovered in Second half of the week to close flat for the week. This week is quite crucial for the market in view of the Brexit Poll referendum to be held on 23 rd June. This will affect the market for it is going to have long term impact also on the market.

- 20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 8122, 7935, 7665 and 7769 respectively and would act as  Supports  as Nifty is trading  above all the Moving Averages.  

- 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 : 8265 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 Moola 1 st    Pada in Sagittarius to Dhanishta 2 nd Pada in Capricorn.

- Sun transits from  Mrigasira 4 th  Pada in Gemini  to Aardra 1 st    Pada in Gemini.

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

- Venus transits from Aardra 1 st  Pada in Gemini to Aardra 3 rd   Pada in Gemini.

- Mars, in Retrograde motion, transits in   Visakha 3 rd  Pada in Libra .

- 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.

---&&&&&&&&&&&&&&&&&&&&&

for Monday, 20.06.2016

Second Half  Bullish Bias         

Astro Info:: Tithi :: Jyeshta Sukla Pournima

Nakshatra ::Moola

Persons   born in  Rohini, Hastha and Sravana  constellations and Capricorn and Taurus    are advised to be alert in their dealings. 

Sensitive / Trend change Timings :11.55 AM;12.37PM;

Likely Intraday Trend...
On the basis of planetary position and aspects amongst planets, Market is expected to open steady / Subdued   and remain so  till about 10.50 AM  and could recover from 1.00Pm till 3 PM.

Astro Technical Trading Strategy...

After 9.30AM, if Nifty fut trades below    the Open Price /Average Traded Price(ATP), Short    positions can  be taken with High  Level as    Stop Loss and such positions can be closed by about 11AM.  After 1 PM, if Nifty fut trades above ATP, long positions can be taken with suitable Stop Loss and such positions can be closed by 3PM.

Technical Levels...

Resistance around 8210, 8240, Support  around 8130, 8100