Today(16th September 2014) Nifty opened at 8037 and moved down to 7925 and closed at 7933 (at the centre of S2 ie. 7936) with a loss of 109 points. After the close at the centre of S2 (7936) on 27th August 2014 Nifty moved up to 8180 on 8th September 2014 and closed at 8174, its highest closing so far and started to decline. Next few days will reveal whether Nifty will move further down or retrace from the centre of S2.
Onam is an astronomical event that occures once in every year when the Moon transits to "Thiruvonam" star(280 - 293°)in Capricornus constellation while the Sun is in Leo(120 - 150°). As the angle difference between the Sun and the Moon is 160 - 180°, moonlight nights are assured during Onam season. During this day, it is believed that Mahabhali, the King of bye gone era visits Kerala to witness happiness and prosperity of his erstwhile kingdom. See the traditional Ona Sadya items served in a plantain leaf which reflects prosperity. Let happiness and prosperity be with you all through out this season.
As on 1st September 2014 Sun & Venus in Leo, Rahu & Mercury in Virgo, Saturn, Moon & Mars in Libra, Ketu in Pisces and Jupiter in Cancer. Planetary transits in September: 17th Sun -> Virgo, 4th Mars -> Scorpio, 20th Mercury -> Libra, and 25th Venus -> Virgo.
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, Venus and Mars on 1st, 23rd and 29th respectively Nifty may move downwards on 1st, 23rd/24th and 30th. Moon conjuncts with Jupiter on 20th (Saturday).
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. However, avoid longs today as there is Moon-Mars conjunction on 1st September 2014 (Friday is a holiday on account of Ganesh Chaturthi)
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.