Sunday, October 31, 2010

Fractals in nature

The above picture shows a leaf stem structure from the mother nature. Leaves of same pattern(shapes)with different sizes. These are generally called fractals. Peacock feathers are also example of a fractal. Last post regarding the formation of same pattern in Nifty last year and this year can be viewed as part of nature as it is created by thousands of traders. Size difference or difference in values of two charts are just natural as in the leaves shown above. A search on "fractals in nature" will give you more details. W.D.Gann uses octave to explain these type of value differences. In music also octave concept is being used ie. higher audible frequencies are always a multiple of basic frequencies from 256 to 512.

On Friday(29-10-10)Nifty moved exactly as anticipated. Nifty range was 5937 ( Soma level : 5937) to 6033 (Agni level : 6029). Exceptional Friday effect was 96 points from 5937 to 6033. Nifty futures range was 5966 - 6066, having a difference of exactly 100 points. Tomorrow's Agni level is at 5984 and probably it will be a buy.

Thursday, October 28, 2010

Repetition of last years October series settlement

Today(28-10-10)Nifty was highly volatile after 2.00 p.m. and lost more than 100 points before closing. Nifty high and low were 6071 & 5968 (for details see chart). Nifty October futures range was 6084 -> 5976 where as November futures range was 6123 -> 6040 having a titanic premium of 86 points, which was not seen before. Tomorrow being an exceptional Friday(Friday following F&O settlement)an upward move of 50 to 100 points expected. Tomorrow's Agni level is at 6029.

Similar to yesterday's charts, last years settlement day (29th October,2009)chart and today's chart are given below. One and half hours end game (compared with chess) was almost similar with difference in magnitude only. Do post your comments on it.

Nifty chart dated 29th October, 2009

Chart dated 28th October,2010 (

Wednesday, October 27, 2010

Nifty today creates same pattern as on 27th Oct, 09

Nifty daily chart for 27th October, 2009

Nifty daily chart for today ie. 27th October, 2010

Is it coincidental ?

Nifty closes below the Agni level

Today(27-10-10)Nifty opened at 6055 with a loss of 27 points, moved up to 6076, after 12.00 p.m. declined nearly 100 points to 5988 and closed at 6013 with a loss of 69 points, below the Agni level. Nifty futures range was 6102 -> 6005. As tomorrow is the F&O settlement day for October series high volatility expected. A bounce back to 6100 levels cannot be ruled out even if it opens in red. Tomorrow's Agni level is at 6073.

Tuesday, October 26, 2010

Nifty low Agni level for the day (6075)

Today(26-10-10)Nifty opened at 6118 with a gain of 12 points, moved in the range 6075 - 6120 and closed at 6082 with a loss of 24 points. Nifty futures range was 6094 - 6141, with 20 points premium. As Nifty low was Agni level for the day (6075), it is yet to generate sell signal. Agni level for tomorrow is at 6130 and it is a sell if Nifty remains below Agni level.

Monday, October 25, 2010

Nifty remained in P(Panchamam ie. below 6154)

Today(25-10-10)Nifty opened at 6108 with a gain of 42 points, moved upwards up to 6151 (10.05), declined to 6100 and closed near opening levels at 6106 with a gain of 40 points. Nifty remained in P(Panchamam) range itself. Nifty futures range was 6180 -> 6111 and premium varied from 20 to 31 points. Tomorrow's Agni level is at 6075.

Scattered thoughts on comets

The last page picture and news “NASA’s Deep impact space craft now on an extended mission known as EPOXI , will rendezvous with comet Hartley-2 on November 4th” in Business Line today(24th Oct,2010) provoked Nandi’s thoughts on comets. Nandi’s first sighting of a comet was during 1964-66 period when he was studying for Pre-Degree Course at Pazhassi Raja NSS College, Mattannur in Kannur District of Kerala. After seeing the Malayalam movie “Kerala Varma Pazhassi Raja” you may be knowing Pazhassi hills and forest. Nandi did wander through the forests of Pazhassi and through the remains of Pazhassi Raja’s palace at that time. Nandi’s concept of a comet was “a star with a tail” as the name of comet in Malayalam is “Vaal (tail) Nakshatram(star)” and he searched for such an object in the night sky and in the early morning sky even climbing on the roof of the hostel building where he was staying, when the news appeared in the dailies regarding the approach of the comet “Seki - Ikeya” . But he failed to find such an object in the beginning. Later he could see the comet at Sunrise with its bewitching tail and all, in the foreground of dense forest covered with mist and the memory still remains vibrant with awe. Nandi also associate that period with a war (Indo – Pakistan) and the scarcity of food items. Then he was in the mess committee of the hostel and had to go to Thalassery to get permission from the authorities for procuring ration rice for the hostel mess.
By the way, Comet ….., Pazhassi…., War ……coming like a stream. The planet Mars, named after the Roman God of War along with Mercury will be entering Sagiturus during the last week of November where Rahu (the serpent) is situated now. Comets are called “Dhooma Kethu” in Sanskrit ( Kethu is lower part of Rahu) and considered as a bad omen. Therefore, the elusive market correction can be triggered off on chances of a war or some other natural calamity. So, be pessimistic till the first half of December, 2010.

Saturday, October 23, 2010

This week may witness high volatility

Friday(22-10-10) Nifty opened at 6121 with a gain of 19 points, moved in the range 6120 - 6080 up to 13.00, declined to 6041 and closed at 6066 with a loss of 36 points. Being a Friday and just one day prior to full moon, Nifty's movement is quite normal. Nifty futures range was 6058 - 6150. Due to the settlement of October series,this week may witness high volatility(premium around 20 points). Monday's Agni level is at 6012.

Thursday, October 21, 2010

"A Grandpa's Joke"

"A Grandpa's Joke !!! (അപ്പച്ഛന്റെ ഒരു തമാശ !!!)“ that's what the newly introduced pre - market call auction is. Today it touched a low of 5875 and embarrassed many retailers. On the other hand Nifty close is 120 points plus. Retail traders who are unable to ignore this "stupid thing" should close their TV sets between 9.00 a.m. to 9.15 a.m. Hope, concerned authorities will take steps to end this joker's game.
Today(21-10-10) Nifty opened at 6011 with a gain of 29 points, moved upwards as expected up to 6114 (gain of 132 points) and closed at 6102 with a gain of 120 points. Top of P is at 6154 and tomorrow Nifty may reach around that level. Tomorrow's Agni level is at 5994.

Wednesday, October 20, 2010

Nifty moves near to centre of P( 5952).

Today(20-10-10)Nifty had almost similar movements after 2.00 p.m as of yesterday. Nifty opened at 5992 with a loss of 35 points, moved in the range 5988 - 6038 up to 14.00, thereafter declined to 5967 and closed at 5982 with a loss of 45 points. As Nifty is very near to centre of P(5952) it may bounce back tomorrow. Agni level for tomorrow is 5944, which is below Soma level(5956)also.

Tuesday, October 19, 2010

Pre-market auction - second day

Similar to yesterday today(19-10-10)also after pre-market auction Nifty opened at 6128 with a gain of 44 points, declined within 5 minutes to negative territory and moved in the range 6060 - 6095 up to 13.30, moved up to 6127(13.55), declined more than 100 points very fast to touch 6008 and closed at 6027 with a loss of 49 points. Second day of pre-market auction also Nifty didn't gave a stable opening and the volatility was very high. Nifty futures range was 6024 - 6166, having a difference of 142 points. Let us see some more days to say any opinion on it. Tomorrow's Agni level is at 6027.

First day of Pre-market call auction

Yesterday(18-10-10)market opened from 9.00 to 9.08 for pre-market call auction of 50 Nifty stocks. Regular market opened at 9.15 with the figure arrived at pre-market call auction ie. 6112.75. This is the first day of the new system introduced to eliminate the volatility at the opening of the market. It may take time to serve the purpose. Yesterday it gave a wrong direction (see table for details). Go long when Nifty moves above Agni level. Today's Agni level is at 6137.

Note: Unable to post it yesterday due to network problems.

Sunday, October 17, 2010

Nifty back to P (Panchamam)

On Friday(15-10-10) Nifty opened at 6201 with a gain of 24 points, soon slipped to negative territory and moved in the range 6105 - 6147 up to 14.30, declined further to 6050 and closed at 6063 with a loss of 114 points in P(Panchamam). Tomorrow's Agni level is at 6145, which is 82 points above the closing and hence it is a watch and trade day.
Sun transits to Libra(Thulam)today and it is @ 180° which is a weak position. The planetary positions are as given below.

Thursday, October 14, 2010

Wish you a Happy Vijayadashami

Today(14-10-10)Nifty opened at 6269 with a gain of 35 points, moved up to 6284, moved in the narrow range 6226 - 6250 up to 13.30, declined to 6158 and closed at 6177 with a loss of 57 points. Nifty futures range was 6318 -> 6181. As Nifty is near to all time high of 8th January 2008(just 53 points away from today's high) selling by some large investors cannot be ruled out. Hence cautious approach is required and better to avoid longs over night. Tomorrow's Agni level is at 6187.

Wednesday, October 13, 2010

Relentless surge of 150 points.

Today's(13-10-10) relentless surge of 150 points from 6090 to 6240 made Nifty to close at 6234 with a gain of 143 points, highest one day gain after 10th May 2010 (175.55 points). Nifty futures rise was 162 points from 6119 to 6281. Tomorrow's Agni level is at 6147 and further upward move to centre of D1(6355)expected.

Tuesday, October 12, 2010

Nifty closes below Agni level

Today(12-10-10)Nifty opened at 6104 with a loss of 32 points, moved down to 6058(-78) and after a small up move closed at 6091 with a loss of 45 points. Nifty close today is below the Agni level at 6131. Nifty futures range was 6150 -> 6083. Tomorrow's Agni level is at 6079. Avoid buying till Nifty crosses above Agni level.

Monday, October 11, 2010

Range bound trading from 9.10 a.m.

Today(11-10-10)Nifty opened at 6188 with a gain of 85 points, declined & moved in the range 6148 -> 6110 and closed at 6136 with a gain of 33 points. Nifty futures range was 6193 -> 6137, having a difference of 56 points. During the last three days, Nifty futures range was a multiple of 8(eight) ie. 96, 72 & 56 (new visitors may please read "Yada Yada Hi Dharmasya" post dated 15th March 2009). Tomorrow's Agni level is at 6131.

Sunday, October 10, 2010

Nifty may open in green tomorrow

On Friday(8-10-10)Nifty opened at 6149 with a gain of 29 points, declined to 6067, bounced back to 6115 and closed at 6103 with a loss of 17 points. Nifty futures range was 6169 -> 6097, having a difference of 72 points. Last half an hour surge of 48 points suggest a positive opening tomorrow. Agni level for Monday is at 6150.

Thursday, October 7, 2010

Nifty closes below Agni level

Today(7-10-10) Nifty opened at 6198 with a gain of 12 points, moved in the range 6167 - 6199 up to 14.00, declined fast to 6108 and closed at 6120 with a loss of 66 points. Nifty futures range was 6230 -> 6134, having a difference of 96 points. Nifty closing is below the Agni level for the day at 6250 and hence further downward movement expected tomorrow. Agni level for tomorrow is at 6205.

Wednesday, October 6, 2010

Nifty closes @ 6186 - this years highest close so far

On global cues, today(6-10-10) Nifty opened at 6223 with a gain of 77 points, declined steadily to 6155 (14.00), bounced back to 6196 (below Agni level ie. 6197)and closed at 6186 with a gain of 40 points. Nifty futures range was 6243 -> 6185. Nifty may close below tomorrow's Agni level(6250) giving a negative indication.

Tuesday, October 5, 2010

Nifty closes at 24x ( 256 x 24 = 6144)

Today(5-10-10)Nifty opened at 6142 with a loss of 17 points, moved in the range 6138 - 6188 and closed near opening level at 6146 with a loss of 13 points.(Note: In the opening itself NSE site was showing a low of 6118.05 which is not recorded any where else). Nifty futures range was 6169 - 6225. Agni level for tomorrow is at 6197.

Monday, October 4, 2010

Nifty closes at top of P (6154)

Today(4-10-10)Nifty opened at 6197 with a gain of 54 points, moved upwards to 6222, declined down to 6151 and closed at 6159 with a gain of 16 points. Nifty futures range was 6175 - 6248. Exit longs when Nifty moves below tomorrow's Agni level(6138).

CWG 2010 DELHI - JAI HO !!!

CWG 2010 DELHI news

Saturday, October 2, 2010

Nifty touches top of P(6154) on Exceptional Friday

On Friday(1-10-10),(an Exceptional Friday) Nifty opened at 6058 with a gain of 28 points, steadily moved upwards to top of P ie. 6153, as mentioned in the post dated 26th September, 2010 and closed at 6143 with a gain of 113 points. Nifty moving above this level and entering D1(Sudha Daivatham; Bottom: 6154, Centre: 6355 {Nifty all time high}& Top: 6526)seems possible during this week. If Nifty moves above 6185, then we will see Nifty touching 6355 and creating a new all time high before Diwali. In yesterday's post there was a question whether Exceptional Friday effect was also behind the last hour 84 points rise. Today it was proved beyond doubt that it was not, as today it self Nifty advanced 123 points (Exceptional Friday effect is 50 - 100 points). Nifty futures range was 6050 -> 6184, having a difference of 134 points and premium was more than 30 points, highest in recent times. Tomorrow's Agni level is at 6085.