Tuesday, October 6, 2009

Full moon effect continued

In the yesterday's post it was pointed out that the full moon effect was a reduced 80 points loss only. Today(6-10-09)in tune with Dow and Asian markets, Nifty opened at 5034 with a gain of 31 points. But, it slid down fast to 4949 (a loss of 54 points) by 10.40 and to 4921 (a loss of 82 points)by 12.30. As no other reason can be attributed to the fall, it is assumed that the fall was in continuation of yesterday's full moon effect, since Monday's fall was not enough. After that, Nifty started to move up and it touched the opening high (5035) before closing at 5027 with a gain of 24 points. Nifty futures range was 5047 - 4918 having a difference of 129 points, which was very much higher than the last one month's differences. Tomorrow's Agni level is at 5083 and Nifty may touch it tomorrow.

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