Outlook for the Week 15.5.2017 to 20.05.2017
NIFTY
:: 9401 (+116)
Nifty
traded in a narrow range of 9298 to 9451 during last week and closed
at the Upper end of the range for the week at 9401 with a Gain of 116
Points (about 1.30%). Market lgained about 116 points through out the
week despite a loss of 22 points on Friday. Market had closed with a
positive outlook.
-
The short term trend is also Positive. It is also Bullish both for
Medium and Long term, Short term could be quite Bullish Unless Nifty
comes and closes below 9250.
-
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9270, 9158,
8812 and 8675 respectively and would act as Supports and Resistances
as Nifty is trading only below 20 DMA.
-
Nifty continues to trade above the 200 DMA and also the 50 DMA and 50
DMA too has come above 200 DMA (Golden Cross has come more than Three
months ago) suggesting that the Long term outlook has become Bullish
and Nifty continues to trade above both the long term Moving Averages
and hence can be considered Bullish for Long term too.
Technical
Levels...
Breakout
level : 9525 Breakdown level : 9275
Bullish
above 9475 with Resistance at 9550, 9625
Bearish
below 9325 with Supports at 9250, 9175.
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 Poorvashadha Uttarabhadra 2 Pada in
Sagittarius to Sathabhisham 1 st Pada in Aquarius.
-
Sun transits from Krittika 2 nd Pada in Taurus to Krittika 3 rd Pada
in Taurus .
-
Mercury transits from Aswini 2 nd Pada to Aswini 3 rd Pada in Aries.
-
Venus transits from Uttarabhadra 4 th Pada in Pisces to Revathi 1 st
Pada in Pisces.
-
-
Mars transits in Rohini 4 th Pada in Taurus to Mrigasira 1 st Pada in
Taurus.
-
Saturn, in Sagittarius, moves to Retro motion. transits in Moola 2 nd
Pada(Taurrrus Navamsa) to Moola 1 st Pada in Aries Navamsa .
-
Jupiter, in Retro motion, transits in Hastha 4 th Pada in Virgo to
Hastha 3 rd Pada in Virgo and in Cancer Navamsa to Gemini Navamsa.
-
Rahu and Ketu transit in Leo and Aquarius and in Taurus and Scorpio
Navamsas,
Moon
transits between Dhanishta and Revathi in Aquarius and Pisces Raasis
between coming Friday and Next Tuesday (between 19th May to 22nd
Mayl). It would become further Bullish if the High of this range is
crossed and vice versa.
-----------------------------------------------------
Forenoon
Session Better (for Monday)
Tithi
::Vaisakha Bahula Chavithi / Panchami
Nakshatra:
Poorvashadha
Persons
born in Mrigasira, Chitta and Dhanishta constellations and those born
in Capricorn and Taurus are advised to be alert in their dealings.
Sensitive
/ Trend change Timings for the day : 1.40 PM; 3.25PM;
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to open Steady and remain better from 10.25 AM till about
12.30PM and remain generally Subdued thereafter till about 2.30 PM
and could remain steady towards close of the day.
Astro
Technical Trading Strategy...If Nifty Fut. Trades above ATP/ Open
level by about 10.30 AM , Long Positions can be taken with suitable
SL, and such positions can be closed by about 12.30 PM. If Nifty Fut
trades below ATP by about 1.00PM, Short Positions can be taken with
suitable SL,and such positions can be closed by about 2.30 PM / end
of the day.
Technical
Levels...
Resistance
: 9440, 9475 Support : 9360, 9325
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