Current
week is quite Crucial
Outlook
for the Week 04.06.2018 to 08.06.2018
NIFTY
: 10696 (+91)
Nifty
traded in a range of 10558 to 10765 during last
week and closed nearer to the Upper end of the the week at
10696 with a Gain of 91 Points (a Gain of about
0.86%). It has made a Positive weekly close for the
Second week in a row.
- 20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10660, 10507,
10548 and 10348 respectively and would act as Supports
and Resistances.
- Nifty
now trading above all the moving averages and 50 DMA has come above
200 DMA (Golden Cross has come more than about 16 months ago)
suggesting that the Long term outlook has become Bullish and Nifty
continues to trade above all the moving averages.
Technical
Levels...
Breakout
level :10800 Breakdown level :10550
Bullish
above 10775 with Resistance at 10850, 10925
Bearish
below 10625 with Supports at 10550, 10475.
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 Sravana 4 th Pada in Capricorn to
Uttarabhadra 3 rd Pada in Pisces.
- Sun
transits from Rohini 3 rd Pada in Taurus to Mrigasira 1 st Pada in
Taurus.
- Mercury
transits from Rohini 3 rd Pada Taurus to Mrigasira 1 st Pada in
Taurus.
- Venus
transits from Punarvasu 2 nd Pada in Gemini to Punarvasu 3 rd Pada in
Gemini.
- Mars
transits in Sravana 1 st Pada in Capricorn to Sravana 1 st Pada in
Capricorn .
- Saturn,
in Retrograde motion, and transits from Poovashadha 1 st Pada to
Moola 4 th Pada in Sagittarius and moves from Leo Navamsa to Cancer
Navamsa.
- Jupiter,
in Retrograde motion, transits from Visakha 1 st Pada in Libra and
transits in Aries Navamsa.
- Rahu
and Ketu moves from Pushyami 4 th Pada in Cancer and Sravana 2 nd
Pada in Capricorn Rasis and transits in Scorpio and Taurus Navamsas.
Moon
would coomence its transit from Aquarius to Pisces from Tuesday to
Friday (5.6.18 to 8.6.18) and would make a range which would have to
be cut off on the upside or breached on the downside the following
week.
------------------------------
Fore
Session Better (for Monday)
Tithi
:: Adhika Jyeshta Krishna Shashti
Nakshatra:
Sravana
Persons
born in Punarvasu, Visakha and Poorvabhadra and those born in
Aquarius and Gemini are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 10.40AM; 3.03 PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to remain Better from 9.30AM till about 2.00 PM and
remain Steady/Subdued till about Close of the day.
Astro Technical Trading
Strategy...
If Nifty fut trades above
ATP by about 9.30 AM, Long Positions can be taken with suitable SL
and such positions can be closed by about 1.45P M. If Nifty fut
trades below 2.15PM, Short Positions can be taken with suitable SL
and Such Positions can be closed by about end of the Day.
Technical Levels...
Resistance : 10745,10780
Support : 10655,10620
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