Today(27th August 2014) Nifty closed exactly at S2(7936), the figure vipanisangeetham visitors have been seeing for the last six years. This figure was anticipated in Medam(April-May) 2015 only ( see the chart above from 2003) but, arrived early on hopes on Narendra Modi becoming Prime Minister with clear majority (or Nifty didn't move to Shadjam in Apri-May 2011 & 2013). In 2009 when Manmohan Singh Goverment was re-elected, Nifty moved past Shadjam(3968) without a pause and revisited the figure on 13th July 2009. Therefore two possibilites arises: Nifty may move further up and revisit 7936 in April-May 2015 or Nifty may decline and revisit 7936 in April-May 2015. We can wait and see what is Nifty's choice.
Please refer to Grahanila post dated 1s July 2014 where in it was anticipated a reversal of direction in Nifty. Nifty high on closing basis was at 7830.60 on 24th July 2014 and highest so far was at 7840.95 on 25th July 2014.
As on 1st August 2014 Sun, Jupiter & Mercury in Cancer, Rahu & Moon in Virgo, Saturn & Mars in Libra, Ketu in Pisces and Venus in Gemini. Planetary transits in August: 17th Sun -> Leo, 7th Venus -> Cancer, 12th Mercury -> Leo, 29th Mercury -> Virgo, and 31st Venus -> Leo.
The planetary positions given above are at the time of Sunrise in India(Kerala) and Moon's conjunction effects on markets may be seen in countries (Asia / Europe / US) over which conjunction(0°)take places. When the angle difference between Moon and the planet is more than 5 degrees or conjunction occurs in Rasis(constellations) other than the Sun's Rasi, there may be a delay up to 24 hours in the conjuntion effect according to their positions. As Moon conjuncts with Mars and Venus on market holidays there won't be any downward movement in Nifty in this aspect.
Nifty's highest 7809 was on Railway Budget day(8th July 2014) opening, only to see it slide down fast to 7596 on total disappointment and closed at 7623 on averaging. Budget day (10th July 2014) moves expressed the confusion whether it is "Modi's ache din" budget or not. Nifty opened at 7590, moved a little up to 7624, moved down to 7479 in disappointment, a surprise move up to 7731 on new hopes and again to 7540 on disappointment again and closed at 7568. Yesterday(the day after budget) Nifty opened at 7584, moved up to 7626 and slid slowly to 7447 and closed at 7460. It's interesting to note that in all these days Kaprekar numbers range 7614 - 7641 seemed very important. So, unless Nifty moves above this range further down move can be expected. Friday's Nifty closing 7460 is also adjacent to 7461 and near to centre of N2(7440).
As on 1st July 2014 Sun & Mercury in Gemini, Jupiter & Moon in Cancer, Mars in Virgo, Rahu & Saturn in Libra, Ketu in Aries and Venus in Taurus. Planetary transits in July: 17th Sun -> Cancer, 12th Rahu -> Virgo & Ketu -> Pisces, 13th Venus -> Gemini, 14th Mars -> Libra and 28th Mercury -> Cancer. As there are many important changes from 12th to 17th July, Nifty may be highly volatile and may reverse its direction.
The planetary positions given above are at the time of Sunrise in India(Kerala) and conjunction effects on markets may be seen in countries (Asia / Europe / US) over which conjunction(0°)take places. As per above, Nifty may move downwards on 24th. When the angle difference between Moon and the planet is more than 5 degrees or conjunction occurs in Rasis(constellations) other than the Sun's Rasi, there may be a delay up to 24 hours in the conjuntion effect according to their positions.