for Week 08.08.2016
to 12.08.2016
First Half
Bullish
NIFTY ::
8683 (+44)
Nifty traded in a range
of 8518 to 8711 and closed at 8683 with a gain of about 0.50%, the entire gain
coming on the last Day.
Market
corrected briefly for about 4 days and moved up by about 130 points on the last
day of the week to close the week in the green. FII Inflow is to be
watched carefully and if the inflows are either tepid or become negative, it is
to be viewed as negative. Market could go up further in Medium Term and also in
Long term due to passage of GST Bill.
-
20 DMA, 50DMA, 100DMA and 200 DMA
are placed at about 8573, 8357, 8056 and 7860 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.
As mentioned last week, GST Bill was
cleared in the Rajya Sabha successfully and Friday’s market movement could be
attributed to the passage of the Bill itself.
Technical
Levels …
-
Bullish
above 8750 with Resistance at 8825, 8900,9000
-
Bearish
below 8625 with Supports at 8550, 8475,8400.
-
Breakout
level – 8800, Breakdown level - 8575
Planetary
Position…
- - Moon would be transiting from
Chitta 1 st Pada in Virgo to Anuradha 4 th Pada in Scorpio.
- - Sun transits from Aslesha 2 nd
Pada in Cancer to Aslesha 3 rd Pada in Cancer.
- -
Mercury transits from
Pubba 2 nd Pada in Leo to Pubba 3 rd
Pada in Leo
- -
Venus transits from Makha 3 rd
Pada in Leo to Pubba 1 st Pada in Leo .
- -
Mars transits in Anuradha 2nd
Pada to Anuradha 2 nd Pada in Scorpio .
- -
Saturn, in Retrograde motion
, transits in Anuradha 4 th Pada in Scropio sign and in
Scorpio Navamsa .
- -
Jupiter transits in
Uttara 1 st Pada in Leo to Uttara 2 nd Pada and
in Sagittarius Navamsa and in Capricorn Navamsa.
- -
Rahu and Ketu transit in Leo and
Aquarius and in Virgo and Pisces Navamsas,
Market moved in between
Aquarius and Pisces during 22 nd July to 26 th July and established a
range of 8490 to 8645 and then went upto 8675 and closed the week at 8639.
Since it has crossed the range it can be deemed to be Bullish till it comes
below 8490.During the week it moved between 8518 and 8711 and closed at 8683,
thus not breaching the Low and crossing the High. It can be deemed to be
Bullish.
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.
-----------------------------
For Monday
Volatile Movements …
Tithi ::Sravana Sukla Shashti
Nakshatra :: Chitta
Persons born in
Pushyami , Anuradha and Uttarabhadra constellations and Libra and
Aquarius are advised to be alert in their dealings.
Sensitive
/ Trend change Timings for the day ::9.40AM;
11.45AM; 2.00PM;
Likely Intraday Trend…
On the basis of planetary position and aspects amongst planets,
Market is expected to open steady / Better and remain subdued from 10.45AM to 1PM.
On the basis of planetary position and aspects amongst planets,
Market is expected to open steady / Better and remain subdued from 10.45AM to 1PM.
Astro Technical Trading Strategy…
After
10.45AM, if Nifty fut trades below the Average Traded
Price(ATP), Short positions can be taken with Suitable
Level as Stop Loss and such positions can be
closed by about 1 PM.
Technical Levels…
Resistance
: 8720, 8750 , Support : 8650, 8620
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