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.

1 comment:

Nandi said...

One comment didn't appear after permitting to publish it. Sorry for the same. The comment was like this
" It is contradictory. While it was advised to exit longs if Nifty closes below Agni level at 5257, today it is said Nifty will move to 5286. Explain it with valid reasons".

Answer: Vipanisangeetham uses three aspects for assessing the market. Agni level, music scale and Astro factors. First priority goes to safety ie. Agni level. That is why it was advised to exit longs when Nifty goes below Agni level, even though according to music scale there was a clear possibility of Nifty moving to 5286. Like light houses on the beaches vipanisangeetham is mainly a warning system to help to avoid losses. In that process we may occasionally miss some profits which cannot be helped.