Wednesday, June 30, 2010

Nifty again above Agni level

Today(30-6-10)Nifty opened at 5210 with a loss of 46 points and closed at 5313 with a gain of 57 points - up move of 103 points despite heavy sell off in markets world over. In the present situation extreme care is required. Watch Agni level and trade accordingly (positional).For day trade use "AGNI BREAKS OPEN PREMIUM" Manthra. Today three factors were positive up to 12.00 noon and all four factors were positive after that. Nifty futures range was 5225 - 5323, the high same as yesterday. Tomorrow's Agni level is at 5276.

Tuesday, June 29, 2010

Nifty closes below the Agni level

Today(29-6-10)Nifty opened at 5293 with a loss of 41 points and closed at 5256 with a loss of 78 points after declining steadily up to 5236(loss of 98 points). Today Nifty remained and closed below the Agni level(5311)giving the impression that yesterday's up move and close above Agni level was a fake. Yesterday's up move was questioning the common man's belief that market will fall after the petroleum price hike, that's why the fake feeling. After closure below centre of M1(5286) on 25th, Nifty was expected to move down to low of M1(5123)this week. Hence today's down move may continue tomorrow also. Tomorrow's Agni level is at 5275.

Monday, June 28, 2010

Nifty closes above Agni level

Today(28-6-10)Nifty opened at 5300 with a gain of 31 points, moved between 5287 & 5339 (today also Nifty didn't go below the centre of Sudha Madhyamam at 5286) and closed at 5334 with a gain of 65 points. Nifty closing is above the Today's Agni level at 5309. Nifty futures range was 5292 - 5345 ie. six points premium. Agni level for tomorrow is at 5311 which is very close to today's Agni level. Hold longs only when Nifty is above the Agni level will be a safe strategy as Nifty range is very narrow ie. 5286 - 5400.

Sunday, June 27, 2010

Exceptional Friday and Full moon effect (?)

On Friday(25-6-10)Nifty opened at 5293 with a loss of 28 points, declined further to 5274(10.00), an up move of 41 points to 5315(13.20), a decline of 55 points to 5260 (15.15)and a close at 5269 with a loss of 52 points. Exceptional Friday and Full moon effect took place as expected, but 41 points up move instead of 50 (Nifty futures up move was 58 points). However, Nifty futures range was 5273 - 5334, a difference of 61 points only against the anticipated 80 points. Only Monday will confirm whether the Full Moon effect was partial and second part is pending. Most of traders and media attribute the reason of the decline after 1.30 p.m. to petroleum price hike. It can be so also, as Full Moon is only on 26th June. Tomorrow's Agni level is at 5309 and a further decline in Nifty anticipated. As tomorrow's Soma level is at 5145 Nifty may move to the low of Sudha Madhyamam (5123)during this week.

Saturday, June 26, 2010

Vuvuzela, Jubulani, Maradona, Messi..............2

"Vuvuzela, Jubulani, Maradona, Messi, South Africa and the FIFA 19th World Cup Fever ..... etc are the week end interests world over. Most of the time being spent watching the plays of the favorite teams" -(post dated 13th June). From the 1986 Mexico World Cup onwards love has been flowing towards Diego Maradona, the favorite foot ball player of that time. During all these years that love has been burning with out any shade, whole through his bad times. Now it is really a pleasure to watch him stand near the boundary line cajoling his team members. His love towards Argentina players has no boundary and it is being seen after every match, which delights every football lover. The Jubulani also gets his love touch when it passes near him.
On completion of first round of plays, Maradona's boys tops the list with 9 points and 7 goals. Second place goes to Netherlands with 9 points and 5 goals. Brazil bags the third place with 7 points and 5 goals and Uruguay is just behind with 7 points and 4 goals. It is very sad that Italy and France is not in the next round of plays.

Thursday, June 24, 2010

Nifty closes flat at 5321

Today(24-6-10)Nifty opened at 5336 with a gain of 13 points, moved in the range 5285 - 5348 and closed flat at 5321. Nifty low is the centre of Sudha Madhyamam(5286).Nifty futures range was 5287 - 5353, a difference of 66 points. Tomorrow is an Exceptional Friday(Friday following F&O settlement) and full moon is on 26th. Both effects may be there tomorrow ie. an upward move around 50 points and a downward movement of 50 to 80 points. And the difference between high and low of Nifty futures may be more than 80 points. If full moon effect is not there, tomorrow's picture may change. Tomorrow's Agni level is at 5371 indicating a negative close for Nifty.

Wednesday, June 23, 2010

Today also Nifty closes below Agni level

Today(23-6-10)Nifty opened at 5288 with a loss of 29 points, moved in the narrow range 5288 - 5333 and closed at 5323 with a gain of 6 points. Today's Nifty futures range was 5296 - 5344 , same 48 points as of yesterday which is divisible by 8. Tomorrow is the F&O settlement day and the Agni level is 5362. No further comments.

Tuesday, June 22, 2010

Nifty closes below the Agni level

Today(22-6-10)Nifty opened at 5328 with a loss of 25 points, moved in the range 5311 - 5350 and closed at 5317 with a loss of 36 points. Nifty futures range was 5311 - 5359, having a difference of 48 points. Nothing more to comment than what is said yesterday. Tomorrow's Agni level is at 5365.

Monday, June 21, 2010

Strong Asian Markets lifts Nifty

Following strong Asian Markets, Nifty today(21-6-10) opened at 5329 with a gap up of 66 points, gained steadily up to 5367 (plus 104 points) and closed at 5353 with a gain of 90 points. Nifty futures range was 5316 - 5378. Thursday and Friday Nifty closed near the centre of Sudha Madhyamam (5286) and there was equal possibility for an up move or a down move today. But Nifty has opened gap up today due to strong Asian market cues and closed at 5353, above the Agni level for the day at 5327. Hence, Nifty may move towards top of Sudaha Madhyamam (5464). However, as mentioned in the last post, high volatility up to the the F&O settlement can be expected. Tomorrow's Agni level is at 5355.

Sunday, June 20, 2010

On Friday Nifty closes in red

On Friday(18-6-10)Nifty opened at 5255 with a loss of 20 points, moved in the range 5246 - 5306 and closed at 5263 with a loss of 12 points. Thus, after 7 successive green closings Nifty closed in red. Nifty futures range was 4248 - 5297. As F&O settlement is due during this week volatility can be expected and a clear trend may emerge after that. The Agni level for Monday is at 5327.

Thursday, June 17, 2010

Nifty moves to centre of Sudha Madhyamam(5286)

Today(17-6-10)Nifty opened at 5232 with a loss of 7 points, stayed in the range 5207 - 5245 up to 13.30, surged thereafter to centre of Sudha Madhyamam (5286) and closed at 5275 with a gain of 42 points. Touching of 5286 was expected yesterday (please see the post dated 15th June) and it came today(exact high is 5285.55). As Nifty was below the Agni level today's upward move was not anticipated. Further, including yesterday Nifty was in green continuously for the last six days and a trend reversal was expected. Today also Nifty closed below the Agni level for the day(5306). Nifty futures range was 5206 - 5297, ie. Nifty futures moved in to 11 points premium while it was in discount till 13.30. Tomorrow's Agni level is at 5341 and hence downward move expected.

Wednesday, June 16, 2010

Nifty closes below the Agni level

Today(16-6-10)Nifty opened at 5256 with a gain of 34 points, moved in the narrow range of 5215 - 5256 and closed at 5233 with a gain of 11 points. Nifty futures range was 5211 - 5249, a difference of 38 points only. Today's Nifty closing is below the Agni level for the day at 5257 and hence anticipate downward movement tomorrow. Tomorrow's Agni level is at 5306.

Tuesday, June 15, 2010

Nifty closes in Sudha Madhyamam

Today(15-6-10)Nifty opened at 5209 with a gain of 11 points, declined to 5171(12.30), surged to 5231 and closed at 5222 with a gain of 24 points. Nifty futures range was 5173 - 5245, a difference of 72 points and a premium of 14 points. Nifty may move to centre of Sudha Madhyamam(5286)if global cues are favorable. Tomorrow's Agni level is at 5257 and if Nifty closes below that exit longs.

Monday's Nifty chart given below as it could not be posted yesterday.

Sunday, June 13, 2010

"AGNI BREAKS OPEN PREMIUM" – Nifty Day Traders Manthra

While trading intra day in Nifty and Mini Nifty, Nandi finds that AGNI BREAKS OPEN PREMIUM Manthra is very helpful to decide upon whether to BUY or SELL.

AGNI – The Agni level being given in vipanisangeetham. If Nifty is above the Agni level, then it is positive. Otherwise negative.

BREAKS – It was earlier explained under the title “Yada Yada Hi Dharmasya”.
For the convenience of new visitors it is explained again.
At the opening of market (9.00 a.m.), 9.10 a.m, 9.30 a.m. and every half an hour there after or whenever there is large swing in the Nifty, note down the maximum and minimum in the Nifty futures(50). Check whether the upper or lower figure is BREAKING. If upper figure is breaking then it is positive and negative otherwise. After reaching a high or low Nifty may retrace. If the retracement is more than 20 points take the reverse of the last sign.

OPEN – It is the opening figure of Nifty futures(50). If Nifty futures is trading above the opening figure it is positive. Otherwise it is negative.

PREMIUM – It is the difference between Nifty futures(50) and Nifty Spot. If Nifty is trading above the spot it is in PREMIUM and hence positive. If Nifty is trading in discount it is negative.

The following deductions can be arrived at from the above four indicators.

A. All four positive - the market is bullish and hence go long
B. All four negative – the market is bearish and hence go short.
C. Three positives and one negative – Net positive and hence go long
D. Three negatives and one positive – Net negative and hence go short.
E. Two positives and two negatives – Market is indecisive and hence wait till trend is clear.

This method may be suitable to you or may not be. Observe yourself for a few days and if it suits to you, start trading in Mini Nifty(20) and increase the volume later on. Wish you a safe sail.

Nifty closes at top of Anthara Gandharam(R20A0)

On Friday(11-6-10)Nifty opened at 5133 with a gain of 54 points, moved in the range 5100 - 5139 and closed at 5119 with a gain of 40 points. Nifty futures range was 5092 - 5138 ie. Nifty moved into discount again, though 2-3 points. On 15th Sun transits to Gemini and Moon conjuncts with Venus. On 18th and 19th Moon conjuncts with Mars and Saturn respectively. Nifty may move down wards after 15th. Trade only according to Agni level indications ie. do not trade in anticipation. Tomorrow's Agni level is at 5042.

Vuvuzela, Jubulani, Maradona, Messi ............

Vuvuzela, Jubulani, Maradona, Messi, South Africa and the FIFA 19th World Cup Fever ..... etc are the week end interests world over. Most of the time being spent watching the plays of the favorite teams. Worries or anxieties whether market will go up or down can take a back seat now.

However, alternate world cups take place when market starts reviving after a crash: 2002 and 2010. Economic cycles are of eight years and world cup comes after every four years. That is the relation world cup has with stock market cycles. Further, research is to be under taken whether the movement of the Jubulani(ball) in the play ground can be tracked to the movement of stock market index. For example suppose Nifty index 4859 is the line where POZO(Argentina GK) stands, 4960 the central line and 5123 where ENYEAMA (Nigerian GK) stands. Track the ball movement in a time chart and see how it moves. Now (Nifty at 5119) the ball is in front of the Nigerian goal post. Whether it will become a goal, out or corner -- don't know. Most probably ENYEAMA will kick it back. Sure, he will see that the ball is sent back to POZO.

Thursday, June 10, 2010

Nifty closes above Agni level & at Surya level (5078)

Today(10-6-10)Nifty opened at 5023 with a gain of 23 points, was at 5014 at 13.00, the surge thereafter took Nifty to 5085 (plus 85)and closed at 5079 (Surya level for the day was 5078) with a gain of 79 points. Today's Nifty close is above the day's Agni level at 5017. Nifty futures range was 5005 - 50094, which shows that High is in 9 points premium. After 19th May 2010 ie. the day of the massive 146 points fall, Nifty futures moved in to premium today. Tomorrow Nifty may move to the top of Anthara Gandharam (5123). Tomorrow's Agni level is at 4990.

Wednesday, June 9, 2010

Nifty closes at 5000

Today(9-6-10)Nifty opened at 4995 with a gain of 8 points, moved in the range 4980 - 5051 and closed at 5000 (around opening level)with a gain of 13 points. Nifty future (50) had a freak transaction at the opening at 5053.10 (today's high)when Nifty spot was just at 4995, a premium of 58 points. Hence Mini Nifty (20)future figures were shown in the chart. Mini Nifty features range was 4955 - 5045, where as Nifty futures low was at 4953. Interestingly, at the closing time Nifty futures discount reduced to 2 points from the yesterday's 29 points. Tomorrow's Agni level has reduced to 5017, and it is likely that Nifty may move up for a couple of days, once Nifty moves above Agni level.

Tuesday, June 8, 2010

Nifty declines to centre of Anthara Gandharam(4960)

Today (8-6-10) Nifty opened at 5028 with a loss of 6 points, moved upwards up to 5071 (plus 37 points)and was at 5063 at 13.30. After that came the unexpected almost 100 points decline which took Nifty to 4967 and a closing at 4987 with a loss of 47 points. Thus,last two days Nifty decline matched with the decline in June 2008 (see the chart below). Nifty futures range was 4938 - 5055, a discount of 29 points!! A decline below 4960 will take Nifty to 4859 & 4759. Tomorrow's Agni level is at 5080.

Monday, June 7, 2010

Nifty's downward move ends today at Soma level(5006)

Today(7-6-10) Nifty opened at 5007 with a loss of 129 points, slid a little to 5004 touching Soma level for the day(5006), bounced back to 5043 and closed at 5034 with a loss of 102 points. Nifty futures range was 4985 - 5032. Nifty may move upwards tomorrow, but may not touch tomorrow's Agni level at 5107.

Sunday, June 6, 2010

Move to Sudha Madhyamam yet to be confirmed

On Friday(4-6-10) Nifty opened at 5119 with a gain of 8 points, moved down to 5092, moved up again to 5148 and closed at 5136 with a gain of 25 points. As Nifty didn't move above 5160 (above "Ri"), the up move to Sudha Madhyamam was not convincing. Nifty futures range was 5071 - 5135. Agni level for Monday is 5085. Developments after market closure such as 323 points dip in DOW, 25% public share in listed companies and petrol price hike talks may lead to a steep decline on Monday.

Thursday, June 3, 2010

Nifty upmove terminated at top of Anthara Gandharam(5123)

Today(3-6-10)Nifty opened at 5097 with a gain of 77 points, moved in the range 5086 - 5126(top of Anthara Gandharam : 5123) and closed at 5111 with a gain of 91 points. Nifty futures range was 5062 - 5109. As Nifty didn't move above Anthara Gandharam range it is likely to decline tomorrow. If it is moving above 5123 convincingly 5286 can be expected. Tomorrow's Agni level is at 5085.

Wednesday, June 2, 2010

Nifty bounced back from centre of Anthara Gandharam(4960)

Today(2-6-10)Nifty opened at 4994 with a gain of 24 points, moved in the range 4967 - 5031 and closed at 5020 with a gain of 50 points. Nifty features traded in the range 4941 - 5020 ie. discount of 26 points reduced to 11 points at the time of closing. Though expected further downwards as it was only 2nd day of Nifty below Agni level, Nifty bounced back from centre of Anthara Gandharam(4960). Tomorrow's Agni level is at 5093 and Nifty may not move above that. If it goes, go long.

Tuesday, June 1, 2010

Nifty closes at the centre of Anthara Gandharam

Today(1-6-10) Nifty opened at 5055 with a loss of 31 points, remained in the range 5045 - 5068 up to 12.30, declined to 4961 there after and closed at 4970. Tomorrow's Agni level is at 5117 and hence Nifty may decline further to low of Anthara Gandharam (4859).