Monday, January 1, 2018
On 18th December 2017 when Gujarat Assembly election results started to pour in Congress party was heading for a majority and Nifty moved down to 10,075 (down 258 points) and this may be Mercury retrograde effect as mentioned in grahanila post on 1st December 2017. Later, BJP regained lead and retained Gujarat with 99 seats out of 182. Nifty steadily moved up to 10444 and closed at 10389 with a gain of 56 points.
Friday, December 1, 2017
Nifty close(10227) was below EMA10(10343) which is negative. Further, from 3rd to 23rd December 2017 Mercury goes on retrograde and a 250-350 down move can be expected in Nifty. Waiting to see whether Nifty moves to upper stages of 10409 and 10571.
Wednesday, November 1, 2017
Nifty is creating new highs again despite Venus and Mars both moving to Virgo and angular differeence more than 15 degrees. Last high was 10385 on 30th October, 2017. Next stages are 10409 and 10571. But, be on alert for a correction which is overdue.