Wednesday, February 16, 2011

Nifty closes flat with a negative bias

Today(16-2-11)Nifty opened at 5468 with a loss of 13 points, moved in the range 5460 - 5505 and closed at 5482 with a gain of just 1 point. Nifty futures range was 5459 - 5508, having a difference of 49 points. As tomorrow's Agni level is at 5552, avoid long unless Nifty moves above Agni level.

Note: In carnatic music there is a raga "Shankarabharanam". Meaning of "Shankar- abharanam" is ornaments of Lord Shankara. Sasi(Moon) and Pannaga(Serpent)are important ornaments of Lord Shiva and the serpent around the neck of Lord Shankara is "Vasuki". Path of Nifty can be perhaps associated with the journey of Vasuki in the mount of Kailas. It is believed that the divine presence of "Vasuki" is in the Pampumekkattu Mana in Thrissur District. As Nandi is on a short visit to that divine place, figures for Friday may not be posted on Thursday night.


Sujatha said...

Path of Nifty can be perhaps associated with the journey of Vasuki in the mount of Kailas.

Don't understand. what does it mean sir?? R u signalling any trend reversal??


Sujatha said...

Thanks for the "reglious place" details.


VK said...

Hello Nandi Sir:
There is also a place called Pathirakunnath Mana near Shoranur/Cherpulasheery route with same significance like Pambumekaavu in TCR. Nice place that one too. Happy journey to you!

Nandi said...

Market movements are being associated with many natural things. Elliot associated it with "sea waves" and almost all TAs are following it. Nandi associated it with carnatic music and reserch is under progress. Similarly Nandi imagines that it may be associated with the movement of "Vasuki", the serpent. But, it may remain just as a pure imagination, as there is no way to track the movements of "Vasuki".

Pampumekkattu mana's story is in the "Aitheehyamala" by Kottarathil Sankunny. Kerala's No.1 naga temple "Mannarassala" where Naga King "Anantha"(Lord Vishnu's bed)is worshiped is also in the "Aitheehyamala". Many other naga temples like "Peralassery" in Kannur are there and Pathirakunnath Mana
may be one of them.