Moon is posited in Poorvashadha and squaring Venus. Sun is also squaring Jupiterwith in orb. (Sun square Jupiter is generally considered bearish). Moon is in Venus star and Venus sub and Venus is in Saturn star and Jupiter sub. Considering the overall planetary position, market is expected to open steady / better and fall from 12.45pm to 2.45pm and may close in the negative...
Coming to technicals, medium term and short term is positive / bullish , any fall may be utilised for buying. However, for day traders, if Nifty fut is trading below 3730, short positions may be taken with 3740 as strict stop loss. If Nifty fut opens above 3730 but comes below 3730 after 12.30pm, short positions may be taken with day high as strict stop loss.
Following are the technical levels for Nifty fut.
Nifty futures bullish above 3694 with resistance around 3716,3734,and 3764 (extended level 3812) and weak below 3680 with supports around 3657,3639 and 3610 (extended level 3561) for the day..
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