Tuesday, August 18, 2009

Nifty closes at centre point of Chatusruti Rishabham

Today (18-8-09) Nifty opened at 4373 with a loss of 15 points, moving up and down without breaching the initial low up to 10.20 moved upwards to 4491(gain of 103 points)at 13.06. There after Nifty moved within a triangle and closed at 4459 with a gain of 71 points. As tomorrow's Soma level is at 4571 Nifty may move up passing 4500 level. Nifty for the last one month is swinging in the range 4348 - 4464 - 4611 (Chatustruti Rishabham)and 4611 - 4759 (Gandharam low & centre).
During this period it can be presumed that Nifty chanted three names of Lord Shiva namely Vishweshwara (വിശ്വേശ്വര),Vaamadeva(വാമദേവ)and Bhoothapathi(ഭൂതപതി) as per music scale conversion of figures 4442, 4584 and 4616 in to alphabets. Many devotees of Lord Shiva arrive in this blog by searching for thousand names of Lord Shiva. Lord Shiva's Thousand names (Shiva Sahasra Namavaly) and 108 names(Shiva Astothara Satha Namavaly) is posted in my Malayalam blog "vipanisangeetham.blogspot.com".

4 comments:

abhishek said...

Dear SIR,
Thanks A LOT.

riteshanan said...

respected nandi,
As the levels of 4357 has not been breached continiously and nifty had a great swing yesterday.today and tommorow are being considered as positive days, your view on this? Do you expect 4611 to be breached this time again and a possible range breakout between 4611-4759 range or these levels will be again a chance of swing.
thanks as always
regards
Ritesh

isas said...

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Nandi said...

Dear Ritesh,
For the period up to 27th Aug, above 4500 is a tough task as 43 lakhs call outstanding is there at present. Nifty may move above 4611 in to Gandharam after that, but above 4731 is difficult up to October 2009 as PE Ratio will be above 21 when selling will come in. Similarly if Dollar price moves above 49.00 then also be careful. Therefore, expecting a down ward move soon after this months F&O settlement will be a most logical conclusion.