Friday, July 17, 2009

Nifty in Chatusruti Rishabham

Contrary to the expectations for the Friday, Nifty strongly surged ahead from the starting and closed the day (17-7-09) at 4375 in Chatusruti Rishabham band width with a gain of 144 points. Nifty spot range was 4271(10.00 a.m.) to 4389 (15.30)and Nifty future range was 4256-4400. Today's up movement can be compared to the movement on the Third Friday, the 18th July, 2008 on which Nifty surged exactly 145 points(today is also Third Friday). This type of correlation was expressed earlier also. This point was brought to the notice last Friday to one of the visitors who sought Nandi's opinion (see comments). But, Nandi didn't give due importance to it while posting the last post. This will also be taken in to consideration in future.

There was no exit/short signal today as Agni level was at 4213 and Nifty low 4271. Last year Nifty went up to 4539 before moving down wards. If 4464 (Chatu.Rishabham Centre point) is crossed, that level may be next. Agni level for Monday is 4402.

2 comments:

riteshanan said...

Respected Nandi,
According to the broader view...wents short near 4270 levels..though it was breached and nifty moved like a hurricane after that. Nandi for the past 3 weeks or so FII'S have been driving money out of the market which has resulted in rupee gaining strength..a driver for the market as well as u.s. markts dow specially is breaking the 200 day ema support...gold and crude are rising....and u.s. based finance companies had excellent result...everything fundamentally showin a bullish prd now.....though i am speculative about 22nd july..the solar eclipse day.....u hvnt mentnd bout it in ur blog......i guess u will throw light in the upcoming situations soon......hopin to hear from you.....enjoy the weekend....
yours faithfully
ritesh anan
(chennai)

Nandi said...

Dear Ritesh Anan,
Please see the comments on the last post. This is discussed there. Nandi is just an astronomy student, not an Astrologer. Therefore, no comments on it. Repeating what is seen in e-media, p-media etc. with out self conviction does not seem good. Hence not commenting on it.
Seen another astrological prediction of a black day on coming August 14th. It may or may not come true. Now Nandi does not believe it nor disbelieve it.