Monday, May 31, 2010
Today(31-5-10)Nifty opened at 5082 with a gain of 15 points, declined to 5039, moved up to 5098 and closed at 5086(near opening level) with a gain of 19 points. Nifty futures range was 5015 - 5072 ( discount increased to more than 30 points). Tomorrow Nifty spot may move to the expected 5100 - 5123 area, while Nifty futures may be in the 5080 - 5100 area. As tomorrow's Agni level is at 5119, it is likely that Nifty may close below the Agni level giving a sell signal.
Sunday, May 30, 2010
On Friday(24-5-10)Nifty opened at 5062 with a gain of 59 points, moved in the range 5017 - 5077 and closed at 5067 ( around opening level) with a gain of 64 points. Nifty futures range was 4996 - 5055, ie. more than 20 points discount. As Soma - Surya levels has not changed even after 64 points gain in Nifty and NIfty futures is trading in heavy discount, Nifty may start its down move on Monday. If global cues are favorable, Nifty may move to 5100 - 5123 before declining. Monday's Agni level is at 4982.
Thursday, May 27, 2010
Today(27-5-10) Nifty opened at 4919 with a gain of 2 points, moved downwards up to 4898, was at 4949 around 14.00, thereafter added more than sixty points to reach 5017 and closed at 5003 with a gain of 86 points on averaging. As tomorrow's Agni level is at 4909, Nifty may move up further towards top of Anthara Gandharam(5123).
Sunday, May 23, 2010
On Friday, Nifty opened at 4842 with a loss of 106 points after the heavy selling (3 to 4 percent)in US, European and Asian markets. Till 12.40 Nifty moved upwards up to 4934 (loss reduced to 14 points), declined to 4880, again moved up to 4943(recovery of 101 points)and closed at 4931 with a loss of 17 points. The Nifty futures range was 4851 - 4944. The Soma level for the day also was at 4851. Tomorrow's Agni level is at 4869, which is below the Friday closing and hence Nifty may move up. This up move may be limited to top of Anthara Gandharam (ie. 5123)
Thursday, May 20, 2010
Today(20-5-10)Nifty opened at 4967 with a gain of 47 points, moved in the range 4926 - 4980 and closed at 4948 with a gain of 28 points. Tomorrow's Agni level is at 4898.
There is no further comments other than what is told on 18th(Tuesday) and 19th(Wednesday).
Wednesday, May 19, 2010
On global cues, Nifty today(19-5-10)opened below Agni level(5061)at 4995 with a loss of 71 points, held 4990 level up to 13.20, declined to 4908 and closed at 4920 with a loss of 146 points. Nifty futures range was 5020 - 4901, a difference of 119 points. Today's Nifty move also matches to the May 2008 decline (see the table below). Tomorrow Nifty may decline to low of Anthara Gandharam(4859)and perhaps move to Gandhararam range(High:4859, Centre:4759, & Low:4611). Tomorrow's Agni level is at 4938 which is to be considered as a stop loss.
Tuesday, May 18, 2010
Today(18-5-10)Nifty was highly volatile. It opened at 5072 with a gain of 12 points, moved down 48 points (5024), moved to plus 45 points(5105)- an up move of 81 points- and declined to close at 5066 with a gain of 6 points. Nifty futures range was 5018 - 5108. As tomorrow's Agni level is at 5061, which is below the Nifty close today, Nifty may move up. But Nifty is unlikely to move to Sudha Madhyamam range(ie. above 5123).
As there is Moon's conjunctions with Mars and Saturn on 20th and 23rd respectively which may adversely affect the market, avoid going long now. Further, it is to be ascertained that Nifty is not repeating May 2008 fall. On Tuesday, the 21st May 2008 also Nifty closed in green with 12.70 points gain.
Monday, May 17, 2010
Today(17-5-10)Nifty opened at 5003 with a loss of 91 points, declined further to 4966(loss of 128 points) and bounced back to 5072(loss of 22 points)before closing at 5060 with a loss of 34 points. Nifty futures range was 4963 - 5074. Tomorrow's Agni level is at 5109.
Saturday, May 15, 2010
On Friday(14-5-10)Nifty opened at 5160 with a loss of 19 points, moved up to 5193(plus 14 points)and started to decline thereafter. After 14.30 when it declined to Anthara Gandharam range(High:5123 Centre:4960 Low:4859) ie. below 5123, the speed of decline accelerated and by the closing time(15.30) Nifty was at 5071 (loss of 108 points). On averaging, Nifty closed at 5094 with a loss of 85 points, in Anthara Gandharam. Nifty futures range was 5058 - 5203, a difference of 145 points. On Monday, Chandra(Moon) conjuncts with Shukra(Venus) in Midhunam(Gemini). Nifty may decline to the centre of Anthara Gandharam (4960)and bounce a little if time permits. Tomorrow's Agni level is at 5156.
Positions of 7 astros that gives the names of the week ie. Sun(Sunday)in Taurus, Moon(Monday)in Gemini, Mars(Tuesday) in Cancer, Mercury(Wednesday) in Aries, Jupiter(Thursday) in Pisces, Venus(Friday) in Gemini and Saturn(Saturday) in Virgo.
Thursday, May 13, 2010
Today(13-5-10)Nifty opened at 5201 with a gain of 44 points, moved in the range 5168 - 5213 and closed at 5179 with a gain of 22 points. Nifty futures range was 5165 - 5218.
As tomorrow's Agni level is at 5224, Nifty may close below Agni level tomorrow. If so, exit long and go short.
Wednesday, May 12, 2010
Today(12-5-10)Nifty opened at 5128 with a loss of 8 points, moved in the range 5099 - 5173 and closed at 5157 with a gain of 21 points. Nifty futures range was 5088 - 5174.Tomorrow's Agni level is at 5138.
Upmove may continue this week. Change of trend expected from 17th May,2010.See the comparison of 2008 figures.
Tuesday, May 11, 2010
Though opened at 5207 with a gain of 13 points, today(11-5-10)Nifty lost gains within minutes and moved to negative territory, declined up to 5126 and closed at 5136 with a loss of 58 points. Today's decline was in tune with Asian and European markets and this week's Nifty movement may defy normal pattern. Agni level is your guide. Tomorrow's Agni level is at 5084.
Monday, May 10, 2010
Anticipated a little up move today(10-5-10) or tomorrow, but got a big rally today itself. The conjunction of Jupiter in its own house(kshetra) Meenam(Pisces) with Moon on 9th May was an important event. Nifty surged 185 points on the strength of new developments in Europe. Today(10-5-10) Nifty opened at 5104 with a gain of 86 points, steadily moved up to 5203[above Surya level at 5180]and closed at 5194, with a gain of 176 points, in Sudha Madhyamam range. As tomorrow's Agni level is at 5049, Nifty may move up further. Today's Nifty futures range was 5208 - 5080, a difference of 128 points.
Sunday, May 9, 2010
On Friday(7-5-10)Nifty opened at 5008 with a loss of 83 points, moved up to 5043, down to 4985 and closed at 5018 with a loss of 73 points. Including Friday, Nifty was closing below the Agni level and also in red for the last five days. So, anticipate a little up move tomorrow or day after tomorrow, after Nifty moving down to touch centre of Anthara Gandharam (4960). Friday's Nifty futures range was 5043 - 4976. Monday's Agni level is at 4990.
Thursday, May 6, 2010
Today's(6-5-10)Nifty movements was similar to yesterday. It opened at 5099 with a loss of 26 points, declined to 5038(12.35), recovered up to 5116(14.30)and closed at 5091 with a loss of 34 points. But, today's Nifty closing at 5091 is in Anthara Gandharam (High:5123 Centre:4960 Low:4859) and hence Nifty may further decline to 4960 - 4859 in due course. The judgment on RIL - RNRL issue is likely to be delivered at 10.30 tomorrow and as RIL is having heavy weight age on Nifty, volatility will be very high. Tomorrow's Agni level is at 5063.
Wednesday, May 5, 2010
Today(5-5-10)Nifty opened at 5064 with a loss of 85 points, moved further down to 5057 (Soma level was 5077),and recovered thereafter up to 5138(up move of 81 points)at the time of closing. On averaging Nifty closed at 5125 with a loss of 24 points, at the low of Sudha Madhyamam (5123). Till 15.15 Nifty was in Anthara Gandharam range. Today's Nifty futures range was 5053 - 5133. Tomorrow's Agni level is at 5136.
Tuesday, May 4, 2010
Though Nifty opened at 5250 with a gain of 27 points, it declined to 5216 by 12.10, stayed above Agni level(5204) up to 14.00, declined fast to Soma level(5143) on bad global cues and closed at 5149 with a loss of 74 points. As today's (4-5-10) Nifty closing is below the Agni level(5204) and tomorrow's Soma level is at 5077, Nifty may move down to Anthara Gandharam level(High: 5123 Centre: 4960 Low: 4859).
Monday, May 3, 2010
Today(3-5-10)Nifty opened at 5231 with a loss of 47 points, moved in the range 5210 - 5250 and closed at 5223 with a loss of 55 points. As tomorrow's Agni level is at 5204, which is below the Nifty closing today, Nifty may move up(Exceptional Friday effect may appear tomorrow)and recover the loss incurred today.
Saturday, May 1, 2010
Friday(30-4-10) Nifty opened at 5287 with a gain of 24 points, moved in a narrow range (unlike any Exceptional Friday) 5266 - 5295 and closed at 5278 with a gain of 24 points, at the centre of Sudha Madhyamam(5286). Nifty futures range was 5252 - 5290 and at the time of closing it was at 16 points discount compared to Nifty spot price. Exceptional Friday effect(50 to 100 points up move) was missing, which warrants caution. Earlier in one occasion it was compensated on following Monday. The Exceptional Friday effect on the next day of F&O settlement is considered to be due to the bulk purchase by FIIs and DIIs for F&O purpose and lack of buying gives a negative signal if it is missing on Monday also. Nifty is poised at the centre of Sudha Madhyamam and it can move to either side next week. Missing of Exceptional Friday effect and heavy discount points to down ward. On 2nd May, Guru(Jupiter)moves to Meenam(Pisces)after four and half months in Kumbham(Aquarius) and it conjuncts with moon on 9th May. Therefore, beginning of May may be crucial and Nifty may terminate its stay in Sudha Madhyamam range. Exit longs when Nifty moves below tomorrow's Agni level at 5241.