Sunday, October 4, 2009

Full moon effect expected on Monday

Thursday(1-10-09) Nifty opened high at 5111, hovered around 5080 through out the day and closed flat at 5083. Nifty futures high was 5090 only. On 1st and 2nd October 2009, when Indian market was closed, world markets witnessed a correction to the tune of 2 to 3 percent. In the last post it was mentioned that the full moon is on Sunday, the 4th October and trend reversal can be expected on nearby dates. Its effect on Indian market can be witnessed on Monday. As Agni level is at 5077, Nifty will be definitely below the Agni level and it is a sell signal. As Surya level is at 4855, Nifty may slide down to 4850 levels if Asian Markets opens weak on tomorrow morning also.

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