Monday, September 21, 2009

Avarohan(descent) to start soon ?

On going through the data from January 2009, it was noted that Nifty futures daily high-low minimum difference was 48, average 96 and maximum 192. In some eventful days the difference had crossed 192 and it were 365 & 433 on 18th & 19th May 2009 on account of formation of new UPA Goverment and 362 on 6th July,2009 due to the fall on Budget day. It was also noted that from 24-2-09 to 4-3-09 and from 6-3-09 to 20-3-09 the difference was less than 96. Similarly, for the last nine continuous days from 8-9-09 to 18-9-09 the difference was below 96. On 9th March 2009, the day on present Arohan (ascent)started, Nifty was at 10 times of lower Shadjam frequency ie. 256 x 10 = 2560. Now Nifty is around 10 times of upper Shadjam frequency ie. 512 x 10 = 5120. Normally, in carnatic music Arohan(ascent)is Sa, Ri, Ga, Ma, Pa, Dha, Ni, Sa and Avarohan (descent)is Sa, Ni, Dha, Pa, Ma, Ga, Ri, Sa. The ratio of frequency of lower Shadjam (Sa) and the upper Shadjam (Sa) is 1:2. That's why the ratio of 2560 and 5120 is 1:2. Hence, if NIfty follows the carnatic music pattern, it has to start its descent from 5120. It is expected that Nifty may oscillate between 4859 to 5008 range up to Thursday and move to 5120 on Exceptional Friday the 25th September, 2009. Let us wait and see what happens.

1 comment:

नितीन निमकर said...

Hi,
I liked your explanation of Nifty movement in the language of Music. Well, there isn't any difference in sa re ga ma pa dha ni sa in Karnataki, Hindustani Music or even Western. They call sa do re as re ma as mi.

Coming back to your Nifty analysis do you think this resembles Fibonacci? I think it is.

Regards
Nifty singer