Outlook
for Next Week 07.08.2017 to 11.08.2017
Correction
Due ....Midweek due for correction
NIFTY
:: 10066 (+51)
Nifty
traded in a range of 9988 to 10138 during
last week and closed nearer to the middle of the
range for the week at 10066 with a Gain of 51
Points, a gain of about 0.5%. Market
had closed with a positive outlook. Market has closed in the
green for 5 weeks and is due for a correction.
-
The short term trend is Bullish and It is Bullish both for
Medium and Long term, Short term could become Bearish if
Nifty comes and closes below 9950.
-
20 DMA, 50DMA, 100DMA and 200 DMA are placed at about 9946, 9746,
9497 and 8971 respectively and would act as Supports and
Resistances as Nifty is trading above all the Moving
averages.
-
Nifty continues to trade above the 200 DMA and also the 50
DMA and 50 DMA too has come above 200 DMA suggesting
that the Long term outlook has become Bullish and Nifty
continues to trade above all the moving Averages and hence can be
considered Bullish for Long term too.
Technical
Levels...
Breakout
level : 10150 Breakdown level : 9950
Bearish
below 9990 with Supports at 9915, 9840.
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.
------------------------------------
-
Sun transits from Aslesha 2 nd Pada in Cancer to Aslesha 4 th Pada in
Cancer .
-
Mercury transits from Pubba 1 st Pada to Poorva Phalguni 2 nd Pada in
Leo.
-
Venus transits from Aardra 3 rd Pada in Gemini to Aardra 4 th Pada
in Gemini.
-
Mars , being debilitated, transits in Aslesha 1 st Pada in Cancer.
-
Saturn moves in Retro motion in Jyeshta 4 th Pada in Scorpio and also
moves in Pisces Navamsa.
-
Jupiter transits in Chitta 1 st Pada in Virgo and in Leo Navamsa.
-
Rahu and Ketu transit in Leo and Aquarius and in Aries and Libra
Navamsas,
During
the week , Market would transit in Aquarius and Pisces between
Wednesday and Friday and would make a range beyond which it would
make a new High and if it breaches the Low next week, it would make a
New Low.
------------------------------------
Closing
Session Better (for Monday)
Tithi
::Sraavana Sukla Pournima
Nakshatra
:: Sravana
Persons
born in Punarvasu , Visakha and Poorvabhaadra and those born
in Aquarius and Gemini are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 1.45PM; 2.40PM:
On
the basis of planetary position and aspects amongst planets, Market
is expected to open Steady and remain so upto about 11.15
AM and remain Subdued thereafter till about 1.30PM and
remain Steady / Better till about close of the day.
Astro
Technical Trading Strategy....
If
Nifty Fut. Trades below the ATP level
by about 11.30AM , Short Positions can be taken with suitable
SL, and such positions can be closed by about 1.20AM. If
Nifty fut trades above the ATP by about 1.30PM, Long
positions can be taken with suitable SL and to be closed by about end
of the day.
Technical
Levels...
Resistance : 10105,
10140 Support : 10025, 9990
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