MAY RISE THIS WEEK
Outlook
for the Week 03.07.2017 to 07.07.2017
NIFTY
:: 9521 (- 54)
Nifty
traded in a range of 9449 to 9615 during last week and closed nearer
to the middle end of the range for the week at 9521 with a Loss of
54 Points (about 0.6%), with a negative outlook. Market Lost 54
points throughout the week gaining about 30 points on
Thursday/Friday. Nifty has breached the crucial Support as it has
breached the level of 9525 and the next major Support level is 9500.
-
4 th July is the Trend Change date.
-
The short term trend is Neutral to mildly Bearish . It is Bullish
both for Medium and Long term, Short term could become Bullish if
Nifty comes and closes below 9700.
-
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9607, 9483,
9238 and 8827 respectively and would act as Supports and Resistances
as Nifty is trading above most of the Moving averages except 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 at about Six
months ago) suggesting that the Long term outlook has become Bullish
and Nifty continues to trade above both the Long term Averages and
hence can be considered Bullish for Long term too.
-
Moon has commenced its journey between Dhanishta and Revathi in
Aquarius and Pisces Raasis between 15 th June to 19 th June and has
already made a small range of 9561 to 9673 and the High was crossed
just by 4 points on 20 th June and the Low was breached last week and
the target of 9449 too was reached. Nifty has made Three Weekly
Bearish Candles and could go up for One week.
Technical
Levels ::
Breakout
level : 9670 Breakdown : 9450
Bullish
above 9600 with Resistance at 9675, 9750
Bearish
below 9450 with Supports at 9375, 9300.
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.
-----------------------------------------
-
Moon would be transiting from Swathi 2 nd Pada in Libra to Moola 1 st
Pada in Sagittarius.
-
Sun transits from Aardra 4 th Pada in Gemini to Punarvasu 1 st Pada
in Gemini.
-
Mercury transits from Punarvasu 4 th Pada to Pushyami 2 nd Pada in
Cancer .
-
Venus transits from Krittika 3 rd Pada in Aries to Krittika 4 th Pada
in Taurus.
-
Mars transits in Punarvasu 2 nd Pada in Punarvasu 3 rd Pada in Gemini
.
-
Saturn moves in Retro motion in Jyeshta 4 th Pada in Scorpio and also
moves in Pisces Navamsa.
-
Jupiter transits in Hastha 4 th Pada in Virgo and in Cancer Navamsa.
-
Rahu and Ketu transit in Leo and Aquarius and in Aries and Libra
Navamsas.
---------------------------------------------
Second
Half Better
Tithi
::Aashadha Sukla Dasami
Nakshatra:
Swathi ; Persons born in Aslesha, Jyeshta and Revathi and those born
in Scorpio and Pisces are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 1.13 PM;
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to open steady / Subdued and expected to recover from
12.45 PM to 2.50PM and could remain Steady thereafter till close of
the day.
Astro
Technical Trading Strategy...
If
Nifty Fut. Trades below the Open / ATP level by about 10.45AM , Short
Positions can be taken with suitable SL, and such positions can be
closed by about 12.30 PM. If Nifty fut trades above the ATP by about
12.45PM, Long Positions can be taken with suitable SL and such
positions can be closed by about 2.45PM.
Technical
Levels...
Resistance
: 9560, 9595 Support : 9480, 9445
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