Caution
at Higher Levels
Outlook
for the Week 18.06.2018 to22.06.2018
NIFTY
:: 10818 (+50)
Nifty
traded in a narrow range of 10755 to 10893 during last week and
closed nearer to the middle of the range for the week at 10818 with a
Gain of 50 Points and made a Positive weekly close for the Fourth
week.
- The
short term trend is Bullish and it is Bullish for Medium and Bullish
Long term also. Short Term would be Bearish if it closes below 10700
towards Weekend.
- 20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 10676 10638, 10557
and 10398 respectively and would act as Supports and Resistances.
- Nifty
continues to trade above all the moving averages and 50 DMA has come
above 200 DMA (Golden Cross has come more than about 17 months ago)
suggesting that the Long term outlook has become Bullish and Nifty
continues to trade above all the moving averages.
Technical
Levels...
Bullish
above 10900 with Resistance at 10975, 11050
Bearish
below 10750 with Supports at 10675, 10625.
Breakout
level : 10900 Breakdown level : 10700.
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 Makha 1 st Pada in Leo to Chitta 3 rd Pada
in Libra.
- Sun
transits from Mrigasira 3 rd Pada in Gemini to Aardra 1 st Pada in
Gemini.
- Mercury
transits from Aardra 4 th Pada Gemini to Punarvasu 2 nd Pada in
Gemini .
- Venus
transits from Pushyami 3 rd Pada in Cancer to Pushyami 4 th Pada in
Cancer.
- Mars
transits in Sravana 2 nd Pada in Capricorn to Sravana 2nd
Pada in Capricorn .
- Saturn,
in Retrograde motion, and transits in Moola 4 th Pada in Sagittarius
and moves in Cancer Navamsa.
- Jupiter,
in Retrograde motion, transits from Visakha 1 st Pada to Aardra 4 th
Pada in Libra and transits in Aries Navamsa to Pisces Navamsa.
- Rahu
and Ketu transits in Pushyami 4 th Pada in Cancer and Sravana 2 nd
Pada in Capricorn Rasis and transits in Scorpio and Taurus Navamsas.
------------------------------------
Generally
Better (for Monday)
Tithi
:: Nija Jyeshta Sukla Shashti
Nakshatra:
Makha
Persons
born in Rohini, Hastha and Sravana and those born in Virgo and
Capricorn are advised to be alert in their dealings.
Sensitive
/ Trend change Timings : 9.52 AM; 3.27 PM
Likely
Intraday Trend...
On
the basis of planetary position and aspects amongst planets, Market
is expected to Open Steady and remain So upto about 10.20AM and
remain Better thereafter till about 12.25PM and could remain
generally Steady thereafter till about 2.30 PM and remain generally
Subdued thereafter till about Close of the day.
If Nifty fut trades above
ATP by about 10.30 AM, Long Positions can be taken with suitable SL
and such positions can be closed by about 12.30P M. If Nifty fut
trades below 2.30 PM, Short Positions can be taken with
suitable SL and Such Positions can be closed by about 3.30 PM .
Technical
Levels...
Resistance
: 10860,10895 Support : 10780,10745
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