Market Out Look (18-06-2012 to 22-06-2012)

Om namo bhagavathe sree ramakrishnaya

MARKET OUT LOOK ( 18-06-2012 to 22-06-2012)

Namaste. In my previous week  write up I opined that

“Based on the above I am of the opinion that Nifty may continue it’s upward journey for some more time, but will undergo correction before resuming it’s upward journey.”

Let us examine the Nifty movement during the previous trading week.

Date	Open	High	Low	Close	Change	weekly
06-08-2012	5044.25	5084.45	4994.80	5068.35		change
06-11-2012	5096.70	5124.45	5040.70	5054.10	-14.25
06-12-2012	5015.50	5128.90	5015.15	5115.90	61.80
06/13/2012	5117.55	5144.90	5095.45	5121.45	5.55
06/14/2012	5105.10	5130.00	5047.60	5054.75	-66.70
06/15/2012	5069.55	5146.20	5069.15	5139.05	84.30	70.70

Let us try to examine what will be the likely movement of Nifty in days to come with the help of few technical charts and indicators.

Nity touched the upper band of projection band and started  downward journey ( Please see Nifty-1)

The price zone oscillator touched the over bought area, volume zone oscillator almost near the over bought area, ADX is trending down ( Please see Nifty-2)

A small bearish bat formation occurred , the area is relatively smaller one, Lagurree RSI is flat, Premier stochastic reached the over bought area, ( Please see Nifty-3)

Dt oscillator turned bearis ( Please see Nifty-4)

As per Murray Math the upperside reversal is indicated at 5117.19 and down side reversal is indicated at 4882.81, the HACO  oscillator reached 100 and flat ( Please see Nifty-5)

Based on the above I am of the opinion that Nifty is likely to pare gains in days to come, the bearishness will set in once Nifty closes below  5095.45 .

Astrologically speaking:

Mercury will be entering Cancer on 21^st June 2012 at 18.29.08 hrs,

Mars will be entering Virgo on June 21, 2012 at 23.54.40 Hrs

Mercury will be square Saturn on 20^th June 2012 at 9.36 P.m.

19^th Of June 2012 will be a cautious day in my opinion.

A very interesting day will be 20^th June 2012 around 1 P.M. I think extreme caution is required on this day while trading.

Wish you very happy trading and very best of luck

Thanks and regards

Subrahmanyam

Moon void of course today

Namaste
Moon will be voicd of course from 8.39 A.M. today to 9.52 P.M. today. Excersice extreme caution while trading today. The rest of Moon void of course days for the month are
16.06.2012 17:39 - 17.06.2012 10:54
19.06.2012 20:32 - 19.06.2012 23:04
21.06.2012 22:18 - 22.06.2012  9:17
24.06.2012  3:56 - 24.06.2012 17:12
26.06.2012 16:23 - 26.06.2012 22:45
28.06.2012 13:52 - 29.06.2012  2:02

Thanks and regards
Subrahmanyam

Market out look (10-06-2012 to 14-06-2012)

OM NAMO BHAGAVATHE SREE RAMAKRISHNAYA

MARKET OUT LOOK ( 10-06-2012 TO 14-06-2012)

Namaste. Hope you are all doing fine. Due to some personal pre occupied  busy schedule I am not able to continue and send my write-ups to you. I am sorry and apologise for the same.

Nifty closed at  5068.35 posting a gain of 226.75 points compared previous trading week close on 1^st June 2012. Let us examine the Nifty movement.

Date	Open	High	Low	Close	Change
06-01-2012	4910.85	4925.00	4831.75	4841.60
06-04-2012	4797.30	4858.30	4770.35	4848.15	6.55
06-05-2012	4869.45	4898.95	4847.70	4863.30	15.15
06-06-2012	4886.65	5010.45	4886.15	4997.10	133.80
06-07-2012	5035.35	5059.65	5007.75	5049.65	52.55
06-08-2012	5044.25	5084.45	4994.80	5068.35	18.70	226.75

What  is in store for nifty in days to come, let us try to analyse and examine with the help of few technical charts.

Nifty  posted a low on last trading of previous week compared to last but one day, on decreased volumes, swung back during the day and closed near day high, posting an outside day bar, engulfing the inside day bar posted on last but one day of the trading week. Nifty started it’s upward journey from the lower band of the envolops  18^th May 2012 and did not reach the upper band yet.  ( Please see Nifty- 1)

The volume zone oscillator and price zone oscillator are about to reach the over bought area and the adx is still trending down. ( Please see Nifty-2)

On 4^th  June 2012, we have bullish bat formation completed and the botton held good, laguerrie RSI is trending up and Premier Stochastic is yet to reach the over bought area. ( Please see Nifty-3)

The DT oscillator is trending up, and Spearman is also trending up. The upper zone area is indicated by Polynomial order situated at 5102.24 as of now.

Based on the above I am of the opinion that Nifty may continue it’s upward journey for some more time, but will undergo correction before resuming it’s upward journey.

The level of 4770.35 as indicated by the bullish bat formation is very crucial level of support for Nifty in days to come.

Astrologically speaking I think 12^th June 2012 is very interesting day to watch, exercise extreme caution on this day.

Thanks and regards

Subrahmanyam ( 9553973621)