Tuesday, February 24, 2009

Three days consecutively Nifty bounces from Agni level

Today also Nifty touched Agni level and bounced back. Nifty low was 2678 and Agni level for the day was 2686; Please note that it does not cross 1/2 Anna or 8 points (refer post dated 20th February,2009). As today being the no-moon day and the Nifty does not plunge below Agni level, there is a possibility for a small bounce, may be very limited. Let us see.

Sunday, February 22, 2009

Om Namah Shivaya.

23rd Februvary,2009 is an auspicious day being Maha Shivarathri Day(Great Shiva's Night) and every one chants the manthra "Om Namah Shivaya" for the well being. To day it is also a glorious day for India as Three Oscars were awarded, two to Shri A. R. Rahman and One to Shri Rasool Pookkutty for their work in "Slumdog Millionaire" It is noted that all three Oscars to India is for Music and Sound, and it underscores the greatness of the Indian music. As Indian markets is closed today Indian traders could watch the Oscar event live with out keeping away from the market. Om Namah Shivaya.

Friday, February 20, 2009

Agni level band is having one Anna width

Yesterday and Today Nifty just touched Agni level and rebounded. On 19-2-2009 (Thursday) Agni level was at 2769 and Nifty low was 2768 and on 20-2-09 (Friday) Agni level was at 2710 and Nifty low was 2709. Nandi was told that a few new visitors had exited all longs when Nifty touched Agni level (in word spirit) and regretted later. Nandi don't know why Nifty bounced back exactly from the Agni level itself. In this connection all visitors are advised to see the postings dated 16th January, 2009 wherein Nandi had stated that the Agni level is having a width of One Anna (16 Nifty points)ie. Eight points in both side of the Agni level being given and traders should wait for at least 8 points before taking action (Buy/Sell) to avoid such instances in future.

Wednesday, February 18, 2009

Nifty closing above Agni level

As expected, Nifty opened in red at 2737 (low of Prati Madhyamam band widh is 2732)and moved upwards very fast (that was not anticipated) and by 10.15 reached 2795. After that it started to move downwards (2758) till 11.37 a.m. and again moved upwards. Nifty touched the high of 2806 before coming down and closing at 2776. The Agni level for tomorrow is 2769 only and Nifty closing is above that. So some upward movement can be expected. But remember to exit all longs when Nifty touches Agni level again as Nandi feels that Nifty low 1984 (Shadjam) expected may be in between March 15 to May 15, 2009.

Tuesday, February 17, 2009

Fall continues

The fall started from the presentation time of interim budget( media called it "a damp squib")continued to day also. It is likely to continue tomorrow morning also and the down ward move may end around 2700. Let us see whether 2700 is protected or not before saying anything further.
Nandi wondered why Nifty started its down ward journey before the interim budget was presented fully. It may be due to the fact that 'once it was circulated to MPs / started presentation, it is a public (not a secret) document and FIIs and Mutual Funds will have its copy next moment and they might have started selling on seeing that Pranab's hand was empty and nothing for the market.'

Sunday, February 15, 2009

Interim budget day

Monday is the interim budget day and the market will be volatile. As Nifty was not able to move above Panchamam recently, the Nifty's maximum may be limited to the top of Panchamam band width ie. 3077. One/two day up and one/two down tendency has not relinquished. Hence it is felt that further buying may be avoided by retail investors who are risk averse, till a clear picture emerges after the budget. A fall after the budget presentation in many stocks as in the case of Rail budget cannot be ruled out. Be on guard.

Friday, February 13, 2009

Hope materialised after one day delay

Today's movement is what expected by Nandi yesterday. Due to global markets influence it didn't materialise yesterday. The same global markets influence made it possible today. Nifty today opened with 22 points gain at 2915 and moved up steadily to touch 2970 at 2.45 p.m. before coming down to 2937 and closing at 2948. Today(Friday) Nifty closed just 21 points down from Monday's Agni level at 2969.

Thursday, February 12, 2009

Nifty's strength could not hold the level

Even though opened weak, till 12.45 p.m. Nifty could manage 2924 level. Downward move accelerated after the weak opening of European markets. Nifty slided down wards to 2887 levels and closed at 2893. So, the hope for an upward move (to cover the Agni level at 2990)didn't materialise due to the adverse global conditions. Tomorrow's Agni level is 2984 and it is 91 points down from the Nifty closing. Therefore, expect a normal Friday movement with down ward bias. Off course, Laluji's Rail budget could paint a little different picture. Watch and trade accordingly.

Wednesday, February 11, 2009

Last three days Nifty closing same spot @ R11A7

Today Nifty exhibited its strength by strong recovery and flat closing, in a day when Dow & Hansang plunged heavily. Nifty opened at 2878 against the previous day closing of 2935, gradually recovered after 12 noon and at 3.30 p.m touched 2938, wiping out all losses. Interestingly, discount points around 10-15 points in Nifty future vanished at EOD. And Nifty closing for the last three days was at the same spot @R11A7 (Rupee 11 and Anna 7); despite what ever happened around the world. Yesterday and today Nifty didn't breach the support point of 2878. So, move to Sudha Daivatham (3178) as anticipated earlier may become become a possibility. One aspect that disagrees now with the above view is the Agni level at 2990. If Nifty surges with good gains tomorrow, that negative aspect will be eliminated.

Tuesday, February 10, 2009

Nifty close to Agni level

Today's fall from 2957 was very fast and down it came to 2892 before surging up and closing at 2935. High was 19 points short of Nandi's maximum target for the day.As expected Soma levels for tomorrow improved to 3008. But, Nifty closing is very close to Agni level at 2932 which warns for caution. New visitors to Vipanisangeetham may note to EXIT all longs when Nifty touches Agni level to avoid damages.

Monday, February 9, 2009

Further upward move may be limited.

Soma figure for 10-2-09 is 2925, just 5 points up (Soma was 2920 on 9-2-09), even after 77 points closing gains in Nifty, which Nandi feels not satisfactory. Hence the upward gain from here may be limited to Panchaman (2976)unless the position improves tomorrow.

Sunday, February 8, 2009

Full moon day may break "treandlessness"

Monday (9-2-09) is a full moon day and we know full moon days and no moon days may break/reverse the trend. As there was no trend after the no-moon solar eclipse day of 26th Jan, 09 ie. Nifty traded just within the range of 200 points (2685 - 2881), this full moon day will break that "treandlessness" and either spiral up or push it down. Observing the current movements, Nandi feels that during next few days Nifty may move up wards to Panchamam (bottom 2899- middle 2976 -top 3077)level.

Thursday, February 5, 2009

Don't expect normal Friday movement tomorrow

Tomorrow's(6-2-09) Agni level is 2748 and Nifty closed today at 2780 indicating a buy tomorrow, provided Nifty does not go below 2748. For the last two weeks Nifty is moving within a range of 200 points with the characteristic of one/two days up and next one/two days down. It has to go either to 3150 plus or 2500 & less. Direction is yet to be decided. As Nifty is above the Agni level, chances are that tomorrow's direction may be upwards and 50 plus points closing gain cannot be ruled out.

Wednesday, February 4, 2009

Updates could not be made due to PC problem

On the eve of 31st January 2009, Nandi's PC had problems and Monitor went off. Therefore, SomaSuryaAgni(lochanaya namaha)figures could not be updated and also not able to publish new posts. The problem had been solved late in the evening and posting this message for the information of visitors.