Monday, November 30, 2009

Nifty again closes above 5000

After a gap up opening of 84 points, Nifty today(30-11-09)closed at 5033 with a gain of 91 points. Today's Nifty closing is above the tomorrow's Agni level at 4979 indicating a buy. But avoid keeping it overnight as Full Moon day is on 2nd December.

Sunday, November 29, 2009

21st December,2009 a turnaround day ?

It is observed that minus figures in Trigger2 column of Kamolikav's Nifty Spot data analysis work sheet increases up to 21st December,2009. "MANGAL in KARK is going WAKRI from 21 DEC and SHANI which is present in VIRGO is going WAKRI from 15 Jan which may bring HIGH OPTIMISM in Market." says AMOL VAIDYA in his blog ASTRO-NIFTY. Every year there is a Santa Claus rally in the market at the end of the calendar year. All above factors indicates that market may be uncertain or have a downward bias up to 21st December, 2009 and recover thereafter.

Friday, November 27, 2009

Exceptional Friday Effect 143 points

Today's(27-11-09) Nifty gap down opening at 4896 was more than anticipated and hence expected bounce back from 4935 did not materiealise. Exceptional Friday effect by way of bounce back seen after 13.10 and Nifty surged 143 points from 4807 to 4950. Nifty closing was at 4942 with a loss of 64 points. Nifty futures range was 4801 - 4960. Monday's Agni level is at 5005 and hence still in negative territory.

Thursday, November 26, 2009

Nifty declines to 5000 levels

Nifty today(26-11-09)closed at 5006 with a loss of 102 points. Nifty did made no attempt to move towards Agni level at 5130 and hence no scope for longs. Tomorrow's Agni level is at 5095. Though tomorrow is an Exceptional Friday, decisive up move not expected, but a bounce after touching 4935 cannot be ruled out. However, fall is likely to continue and buying when Nifty moves above Agni level only.

Wednesday, November 25, 2009

Nifty close near top of Anthara Gandharam

Nifty after moving above 5120 and touching 5138 before 12.30, declined thereafter and closed at 5108 with a gain of 17 points. Tomorrow's Agni level is at 5130 and hence buy above 5130 only.

Tuesday, November 24, 2009

Nifty slips below 5100

Today (24-11-09) Nifty closed at 5091 with a loss of 12 points. Today's Nifty high / low was 5112.85 / 5053.50 where as that was 5113.10 / 5052.10 yesterday, and can be called an inside day, which implies that Nifty is indecisive today. Tomorrow's Agni level is at 5075.

Monday, November 23, 2009

Nifty closes above 5100 (after 20th Oct ,2009)

Nifty today(23-11-09)touched the top of Anthara Gandharam when it was at 5113 (R20A0), as anticipated and closed the day at 5103 with a gain of 51 points. Nifty futures high today was 5119. Above 5120 it may be 5182, the high reached on 20th October,2009 in Sudha Madhyamam. Sudha Madhyamam centre is at 5286 and Nifty may move to that level once 5184/5200 level is crossed smoothly with volumes. Nifty PE ratio at the closing today is at 22.46 and above 22 it requires caution. Agni level for tomorrow is at 5065.

Friday, November 20, 2009

Nifty closes near 5056 (R19A12) - Fourth day in this week

Today(20-11-09)also Nifty closed near 5056(R19A12)at 5052 with a gain of 63 points. Thus, except on Thursday, Nifty closed all days of this week at R19A12. Yesterday's and today's losses totaling to 122 points were covered unexpectedly after 13.30 in a swift sweep. Today's low was 4933 where as last week Thursday's low was 4925. Today's high was 5063 very near to the Agni level for the day. Monday's Agni level is at 5053, adjacent to Nifty close today. Nifty's move to 5120 during next week anticipated.

Thursday, November 19, 2009

Centre of Anthara Gandharam touched

Yesterday it was advised to watch the break out of the range 5040/5000 - 5085/5120 for direction of the market. Today (19-11-09)first hour itself 5040 was broken and up to 14.00 Nifty stayed above 5000. But, after that it slid to 4964(centre of Anthara Gandharam), attempted to regain 5000 levels and without success closed at 4989 with a loss of 66 points. As mentioned yesterday, after three days lull, Nifty choose to move down and if moved below centre of Anthara Gandharam (4960) tomorrow its next level is at 4859, low of Anthara Gandharam. Tomorrow's Agni level is at 5076.

Wednesday, November 18, 2009

Nifty closes near 5056 (R19A12) - Third day

Today(18-11-09)also Nifty closed flat at 5055 with a loss of 7 points(5056=R19A12), after moving + or - 20 points from yesterday close. Not only that, Nifty was repeating "Da" & "Ni" swaras for the last three days without giving any idea whether it's next move is up or down. Perhaps, it may the silence before the storm. If so, we can expect fast moves within next two days. Tomorrow's Agni level rose to 5109 from today's 5088 (today's Nifty high was 5079). Watch the break out of the range 5040/5000 - 5085/5120 for direction of the market.

Tuesday, November 17, 2009

Nifty closes flat at 5062( R19A12)

Today(17-11-09)after 14.10 Nifty recovered all the losses(48 points)and closed flat at 5062(just 4 points gain). For further details see the table above. Agni level for tomorrow is 5088. No other comments today, let us wait and see tomorrow.

Monday, November 16, 2009

First day of the Malayalam month of Vrischikom.

After opening with a 50 points gap up, Nifty today(16-11-09) moved in a narrow range between 5046 to 5073 and closed at 5058 with a gain of 59 points. It seems that Nifty may move to the top of Anthara Gandharam at 5123 tomorrow as expected in the post dated 11th November,2009(read the comments also). The Surya level and the Agni level for tomorrow are 5128 and 5101 respectively. As mentioned earlier moon's position (no-moon day)and transition of Sun from Libra to Scorpio may have given impetus to the market. Today is the 1st day of Malayalam month Vrischikom (means Scorpio) and Mandalam-Makaravilakku festival at famous Sabarimala temple in Kerala starts today.

SABARIMALA NEWS: The Ayyappa temple at Sabarimala was opened on Sunday for the two-month Mandalam-Makaravilakku pilgrimage beginning Monday, the first day of the Malayalam month of Vrischikom.

Friday, November 13, 2009

Nifty closes near 5000

Today(13-11-09) Nifty closed the day at 4999 with a gain of 46 points. It has recovered yesterday losses and closed near to Wednesday closing, thus setting comfortable base for the up move to 5120 next week. Monday is a no-moon day and the Agni level is at 5055.

Thursday, November 12, 2009

Nifty closes at the centre of Anthara Gandharam

Today(12-11-09)Nifty retraced from yesterday's position above 5000 and closed the day at 4953 with a loss of 51 points, at the centre of Anthara Gandharam (at the closing time Nifty was exactly at 4960 and 4953 is the average),as expected in the post dated 5th November, 2009. Nifty moved around 5000 levels up to 14.00 and thereafter descended to 4925 (15.00) before closing at 4953. Tomorrow's Agni level is at 5061 and as usual on Fridays, Nifty may choose to move down. As 16th November, 2009 is a no-moon day, an upward move to 5120 levels cannot be ruled out around that date.

Wednesday, November 11, 2009

Nifty closes above 5000

As expected, today(11-9-09)Nifty moved to the centre of Anthara Gandharam at 4960, by crossing Agni level for the day at 4953 and closed at 5004 with a gain of 122 points, after touching a high of 5017. As Nifty steadily ascended from 4870, it smoothly passed through six swaras (Sa,Ri,Ga,Ma,Pa,Da) out of the eight swaras in an octave. So, Nifty is likely to move to Ni(5048-5096), Sa(5096-5128) and touch the top of the Anthara Gandharam bandwidth. Tomorrow's Agni level is at 5035 and avoid buying when NIfty is below the Agni level.

Tuesday, November 10, 2009

Nifty closes just below Agni level.

Today (10-11-09) Nifty high was 4948 ie. 12 point short of centre of Anthara Gandharam at 4960, though same swaram (Madhyamam in 19x)was touched. Nifty closed the day at 4882 with a loss of 16 points, just below the Agni level for the day at 4887. As tomorrow's Agni level is at 4953 and Surya level at 4938, Nifty is likely to attempt again to touch the centre of Anthara Gandharam tomorrow. However, avoid going long now, since Nifty is below the Agni level.

Monday, November 9, 2009

Nifty in Anthara Gandharam

Today(9-11-09)up to 12.30 Nifty range was 4790(loss of 6 points from yesterday close)- 4831. After 12.30 Nifty zoomed from 4816 to 4905 and closed the day at 4898 in Anthara Gandharam band width, with a gain of 102 points. Nifty may move to centre of Anthara Gandharam (4960) tomorrow as expected in the post dated 4th November,2009. Agni level for tomorrow is at 4887. Hold the longs as far as Nifty is above the Agni level.

Sunday, November 8, 2009

Extended trading hours form 27th November,2009

Finally it has been announced that extended trading hours from 9.00 a.m. to 5.00 p.m will be implemented w.e.f. 27th November,2009. But, that does not solve the problems connected with overnight volatility especially gap up/down opening based on global cues(US & Asian markets). We are able to take tickets for air/rail/road journey to be performed next day to many days in advance. Singapore stock exchange is having T+1 day trading. It would be beneficial if T+1 day trading system is implemented in India also, during the proposed extended trading hours between 4.30 to 5.00 p.m. Normal trading as being done now can be had between 9.00 a.m to 3.30 p.m. After a gap of one hour at 4.30 p.m. orders can be placed for the next day trading which can be continued on next day morning after a break. If possible, the timing can be extended later on up to 8.30 p.m. to cover the opening of US markets. That will mitigate many problems faced by brokers/mutual funds due to the proposed late closing of the trading hours. Concerned authorities may please think over it and take appropriate action.

Friday, November 6, 2009

Nifty closes near 4800

Today(6-11-09)after moving in the range 4770 - 4836, Nifty closed at 4796 with a gain of 30 points. Nifty futures range was 4755 - 4835 having a difference of 80 points.
Surya level today was 4850 and Nifty's high 4836. Monday's Surya level is almost the same at 4853 and Nifty has to cross that level to move to Anthara Gandharam. But today's movement was sluggish and it did not move above opening level. Let us wait for next week. Monday's Agni level is at 4701.

Thursday, November 5, 2009

Nifty close at centre of Gandharam

After highly volatile, confusing and exiting movements Nifty today (5-11-09)closed at the centre of Gandharam at 4766. Though vipanisangeetham expected a positive opening and upward movement thereafter, Nifty opened with a loss of 35 points and steadily moved downwards up to 4610 (Nifty futures low was 4600 as it traded in heavy discount up to 13.30) increasing the loss to 100 points. As European markets opened weak, hope for an upward movement and positive closing faded away. But, after 13.30 Nifty suddenly surged to 4717 and at the same speed declined to 4660. After 14.20 Nifty's upward movement speed was unprecedented ie. 115 points per hour which hurled Nifty to 4776 (15.16) and a closing at 4766 with a gain of 55 points. As Nifty moved above the centre of Gandharam (4759)today, High of Gandharam (4859) and centre of Anthara Gandharam(4960)can be expected soon. Tomorrow's Agni level is at 4686.

Wednesday, November 4, 2009

Nifty back in Gandharam

Nifty closed the day at 4711 with a gain of 147 points, recovering the entire loss incurred yesterday. Tomorrow's Agni level is at the same level that of today ie. 4555. Nifty is likely to move to centre of Gandahram (4752), High of Gandharam (4859) and centre of Anthara Gandharam(4960)

Tuesday, November 3, 2009

Nifty in Chatusruti Rishabham

In the post dated 25th October, 2009 visitors are advised to exit all longs on Friday, the 30th October as the next Full Moon day was on 2nd November, 2009. Due to Moon-Jupiter conjunction, anticipated fall started much earlier. Even then, today's fall of 148 points and closing at 4564 in Chatusruti Rishabham (Low:4348, Mid:4464, High: 4611) can be attributed to the Full Moon effect. As back data is not available, it cannot be said whether the transition of Shukra (Venus) from Kanni(Virgo) to Thulam(Libra)on today 18th Thulam 1185 ie. 3rd November, 2009 had any effect on today's market fall. Today's Nifty close is just above tomorrow's Agni level at 4553. If Nifty slides below Agni level tomorrow next stop will be at the centre of Chatusruti Rishabham at 4464.

Sunday, November 1, 2009

Exceptional Friday effect could not be retained

On last Friday (30-10-09)exceptional Friday effect made Nifty open at 4854 with a gain of 103 points. But, Nifty closed at 4712 with a loss of 39 points. In an earlier occasion when Nifty closed negative in an Exceptional Friday that was compensated on next trading day. So, if that repeats now Tuesday must close in positive. Including Friday, Nifty is continuously down for the last five days which has not happened since the mega fall in January 2007. Since DOW was down 250 points(2.57 %) on Friday night, next direction of Nifty will be based on global cues on Tuesday morning as 2nd November,2009(Monday,a full-moon day)is a holiday for Indian stock markets on account of Guru Nanak Jayanthi.

NOTE: As market fall is associated on most of the full moon days(last week with Moon-Jupiter conjunction)from today onwards Soma is linked to Low & Surya to High.