Thursday, March 31, 2011

Nifty closes with gains for the 8th successive day

Today(31-3-11)being the last day of the financial year 2010-11 and settlement day of March series Nifty was highly volatile. Nifty opened at 5826 with a gain of 38 points, moved down to 5803, moved up to 5872, moved down to 5779, moved up again to 5850 and closed at 5834 with a gain of 46 points. Nifty closed with gains for the 8th successive day, which was not seen during the past two years. Though Nifty closed below Agni level for the day(5883), closing is in P (Bottom: 5797, Centre: 5952 and Top:6154) which gives the indication that it may move to centre of P(5952). It may be advisable to keep away from the market till the direction is clear. Nifty futures range was 5783 - 5880, having a difference of 97 points. Tomorrow's Agni level is at 5905.

Wednesday, March 30, 2011

Nifty closes below Agni level - after 21st March 2011

Today(30-3-11)Nifty opened at 5754 with a gain of 18 points, moved in the range 5767 - 5803 and closed at 5788 with a gain of 52 points. Nifty futures range was 5771 - 5818, having a difference of 47 points. Nifty closing today is below Agni level(5811)- after 21st March, 2011. During the past 7 trading days Nifty added 423 points (on closing basis)and it has moved to top of M2(5797) from M1(below 5464). As Nifty close today is below Agni level for the day and tomorrow's Agni level is at 5883 it is time to exit longs and move to shorts.

Tuesday, March 29, 2011

Nifty may move to top of M2(5797)

Today(29-3-11)Nifty opened at 5681 with a loss of 6 points, moved up to 5770, moved down to 5730 and closed at 5736 with a gain of 49 points. It is the 6th continuous day Nifty closing in green, after 29th Oct, 2010(5988) to 5th November,2010(6312). Nifty futures range was 5695 - 5788, having a difference of 93 points. Tomorrow Nifty may move to top of M2(5797) and Agni level is at 5811. Avoid shorts till Nifty closes below Agni level.

Monday, March 28, 2011

Nifty closes @ 5687 after touching 5709

Today(28-3-11)Nifty opened at 5667 with a gain of 13 points, moved in the range 5643 - 5709 and closed at 5687 with a gain of 33 points. Nifty futures range was 5664 - 5729, having a difference of 65 points. As tomorrow's Agni level is at 5730 avoid longs if Nifty does not move above 5730.

Sunday, March 27, 2011

Warren Buffett's India visit stimulates stock market

International investment icon Mr.Warren Buffett's presence in India has stimulated Indian stock market and Nifty surged around 300 points breaking the range bound move, during the days he is in India. The fact that current month F&O series closes on 31st March, 2011 and FIIs and mutual funds generally try to boost their NAV at the end of financial year may also have contributed for the surge in Nifty.

On Friday(25-3-11)Nifty opened at 5589 with a gain of 67 points, moved in the range 5563 - 5583 till 1:00 p.m., surged to 5667 and closed at 5654 with a gain of 132 points, at the centre of M2. Though Nifty moving to centre of M2(5642) once it enters M2(above 5464)is quite logical, it was not expected since Nifty never breached 5610 level after 28th January, 2011. Now Nifty can move to top of M2(5797)during this week or reverse after moving above 5700. Nifty futures range was 5571 - 5693, having a difference of 122 points. The Agni level for tomorrow is at 5617 and exit longs when Nifty moves below Agni level.

Thursday, March 24, 2011

Nifty closes @ 5522

Today(24-3-11)Nifty opened at 5511 with a gain of 31 points, moved in the range 5496 - 5529 and closed at 5522 with a gain of 42 points. Nifty futures range was 5510 - 5553, having a difference of 43 points only. Tomorrow's Agni level is at 5472.

Wednesday, March 23, 2011

Nifty closes at M2(above 5464)

Today(23-3-11)Nifty opened at 5407 with a loss of 7 points, moved up fast to M2(above 5464) ie. 5472(10:10), thereafter moved in the narrow range 5461 - 5485 and closed at 5480 with a gain of 66 points. Nifty futures range was 5415 -> 5505, having a difference of 90 points. Tomorrow's Agni level is at 5378 and Nifty may move further up as mentioned yesterday.

Tuesday, March 22, 2011

Nifty closes above Agni level

Today(22-3-11)Nifty opened at 5395 with a gain of 30 points, moved in the range 5376 - 5428 and closed at 5414 with a gain of 49 points, above the Agni level(5375). Nifty futures range was 5388 - 5449, having a difference of 61 points. As today's Nifty close is above Agni level for tomorrow(5340), it may move upwards to top of M1(5464)- 5560 in coming days.

Monday, March 21, 2011

Nifty closes flat at 5365

Today(21-3-11) Nifty opened at 5413 with a gain of 39 points, swiftly moved down to 5348 (10.00), thereafter moved in the range 5355 - 5400 and closed flat at 5365. Nifty futures range was 5357 - 5425, having a difference of 68 points. Go long when Nifty moves above Agni level(5375).

Sunday, March 20, 2011

Nifty closes at 21x ( ie. 21x256 = 5376)

Friday(18-3-11)Nifty opened at 5483 with a gain of 36 points, swiftly declined 100 points to reach 5383(11.40), moved in the range 5406 - 5366 and closed at 5374 with a loss of 73 points. Nifty futures range was 5502 -> 5480, having a difference of 122 points. Since Nifty is at the bottom of 21x range( 5376 - 5632), on Monday it can bounce back or continue its downward move. Go long only if Nifty moves above Monday's Agni level (5404).

Thursday, March 17, 2011

Nifty swing reduced to 60+ points

Today(17-3-11)Nifty opened at 5454 with a loss of 57 points, moved up to 5510, after Repo Rate increase by 25 basis points announced in RBI credit policy review(12 noon) steadily declined to 5435 and closed at 5447 with a loss of 64 points. As today's loss (64 points)is more or less equal to yesterday's gains(61 points)closing is near to low of M2 only. Within a gap of one or two days Nifty close is always at the boarders of M1 & M2 in this month so far(ie. 7th, 11th, 15th & 17th). Tomorrow, Nifty may open in positive and move to negative territory and Agni level is at 5479.

Wednesday, March 16, 2011

Nifty See-Sawing for 80+ points

Today(16-3-11)Nifty opened at 5476 with a gain of 26 points, moved upwards to 5535, moved downwards to 5501 and closed at 5511 with a gain of 61 points. Nifty futures range was 5477 - 5553, having a difference of 76 points. From last Amavasi(new moon ie. 4th March 2011) onwards Nifty was see-sawing 80+ points(see the table below).

It is to end before Pournami(Full Moon ie. 19th March 2011). Let us see. Tomorrow's Agni level is at 5474.

Tuesday, March 15, 2011

Nifty back to the boarders of M1 & M2

Today(15-3-11)on Asian Market cues(Singapore Nifty 170 points down)as a result of Japanese nuclear crisis, Nifty opened at 5381 with a loss of 151 points, moved down to 5373(21x), moved upwards to 5498(may be due to strong advance tax figures), declined to 5440 and closed at 5450 with a loss of 82 points, at the boarders of M1 & M2. Nifty futures range was 5376 - 5505, having a difference of 129 points. Tomorrow's Agni level is at 5457 and breaking of 21x range ie. below 5376 may lead to 5286.

Monday, March 14, 2011

Nifty closes again in M2

Today(14-3-11)Nifty opened at 5434 with a loss of 11 points, till 13.10 moved in the range 5460 - 5505, thereafter moved up to 5537 and closed at 5532 with a gain of 87 points, again in M2.This move was similar to the move on 8-3-11 and unexpected. Premium at closing time was above 20 points and last price of Nifty futures is 5555. Nifty futures range was 5448 - 5567, having a difference of 114 points. Tomorrow's Agni level is at 5495.

Sunday, March 13, 2011

Don't blame it on Super Moon alone!!!

The phenomenon, called lunar perigee or Supermoon, happens when the moon reaches its absolute closest point to Earth. On March 19, the Full Moon Day, the Moon will be only 221,567 miles (356,577 kilometers) away from our planet.There were Supermoons in 1955, 1974, 1992 and 2005 and mild earth quacks around these dates and devastating tsunami on 26th Dec 2004. The 8.9 magnitude earth quack and resultant tsunami in Japan on 11th March, 2011(last Friday)cannot be attributed to Super Moon alone. The planetary positions on 19th March 2011 is given above. It can be seen that the Sun, Jupiter and Mercury is in Pisces and Moon and Saturn in Virgo (180° to Pisces). That is, the Sun, Jupiter, Mercury, Saturn, Moon and Earth coming in a straight line and the cause of the disaster may be a combined effect. Mars is in Aquarius and Venus is in Capricornus, near to the said straight line. The combined effect of all these celestial bodies may cause positional shift in the molten lava beneath the crust of earth that may move the tectonic plates causing earth quacks and tsunami. So, more vigil is required for the next two weeks to avoid casualties. May Lord Mahadev give all powers to the Japanese brothers and sisters to overcome the great disaster.

On Friday(11-3-11) Nifty opened at 5451 with a loss of 43 points, moved up to 5503, moved downwards to 5412 on seeing devastating tsunami slamming Japanese coasts after the 8.9 magnitude earth quack, recovered to 5450 and closed 5445 with a loss of 49 points. Nifty futures range was 5413 - 5515, having a difference of 102 points. As Nifty closing is in M1, it may move to centre of M1(5286). Agni level for tomorrow is at 5485. New visitors may see the post "Ma of Pa Hi Ma" dated 28th November, 2010 also.

Thursday, March 10, 2011

Nifty moves to low of M2(5464) for the last three days

Today(10-3-11)Nifty opened at 5484 with a loss of 47 points, moved up to 5516, moved down to 5468, moved up to 5504 and closed at 5494 with a loss of 37 points. For the last three days Nifty lows were 5468, 5477 & 5468 respectively ie. just above low of M2(5464) and any move below that may terminate at 5400 or lower. Nifty futures range today was 5466 - 5515, having a difference of 49 points only. Tomorrow's Agni level is at 5499.

Wednesday, March 9, 2011

Some fast mooves coming ?

Today(9-3-11)Nifty opened at 5563 with a gain of 42 points, moved down to 5477 (11.35) moved up to 5552 and closed at 5531 with a gain of 10 points. Nifty was highly volatile today and it crossed yesterday closing level many times ( minimum 10 times). Nifty futures range was 5478 - 5573, having a difference of 95 points.

Tomorrow's Agni level is at 5543 and above that Nifty may move to 5600 - 5642. If Nifty moves below today's low it may move to 5400 or lower. Maximum increase in Put today (340,850)is in 5000 strike which dashes a danger signal. So, Nifty below 5477 is to be watched for exit of all longs.

Tuesday, March 8, 2011

Nifty moves upwards from low M2

Today(8-3-11)Nifty opened at 5476 with a gain of 13 points, moved upwards to 5526 by 10.00 a.m. and losing upward momentum closed at 5521 with a gain of 58 points. Today's Nifty low & high were 5465 - 5531 and Nifty futures 5467 - 5548. Nifty moved upwards from the low of M2, contrary to the expectation. Nifty is moving in the 21x area ie. between 5376 - 5642 and breaking of the range will give fresh direction. As tomorrow's Agni level is at 5586 avoid shorts if Nifty moves above that.

Monday, March 7, 2011

Nifty closes at low of M2(5463)

Today(7-3-11)Nifty opened at 5476 with a loss of 63 points and closed at 5463 (low of M2) with a loss of 76 points. Intraday Nifty moved between 5408 - 5491 and Nifty futures 5400 - 5500. As tomorrow's Agni level is at 5632 Nifty may continue its downward move. If Nifty moves below today's close it may move to centre of M1(5286).

Saturday, March 5, 2011

Nifty closes flat @ 5539 with negative bias

On Friday(4-3-11)Nifty opened at 5594 with a gain of 58 points, moved up to 5608, moved down to 5545, moved up again to 5570, moved down to 5524 and closed flat at 5539. Nifty futures range was 5518 - 5612, having a difference of 94 points. Similar to Moon-Venus conjunction on 1st March, the ill effects of Moon-Mars conjunction were visible in US & European markets on Friday. As tomorrow's Agni level is at 5595 ie. above Nifty closing, Nifty may move downwards.

Thursday, March 3, 2011

Nifty closes at M2 ( above 5464 - average also)

Today(3-1-11) Nifty opened at 5497 with a loss of 25 points, moved up to 5520, moved down to 5468(Low of M2: 5464), again moved up to 5571, again moved down to 5483 and closed at 5536 with a gain of 14 points. Nifty futures range was 5477 - 5598, having a difference of 121 points. Agni level for tomorrow is at 5478.

Wednesday, March 2, 2011

Nifty gains 200 points and closes @ 5522

On Tuesday(1-3-11) Nifty opened at 5374 with a gain of 41 points, gained 200 points and reached 5533 and closed at 5522 with a gain of 189 points, largest gain in a single day after 18th May 2009. Nifty futures range was 5375 - 5555, having a difference of 180 points. Though Moon-Venus conjunction did not affect Indian market its effect was visible in European and American markets. As world markets were down last 2 days it may influence Indian markets tomorrow. Thursday's Agni level is at 5313.

Tuesday, March 1, 2011

Hara Hara Shambho Mahadeva

According to Hindu Puranas, during the great mythical churning of the ocean called Samudra Manthan, a pot of poison emerged from the ocean. The gods and the demons were terrified as it could destroy the entire world. When they ran to Shiva for help, he in order to protect the world, drank the deadly poison but held it in his throat instead of swallowing it. This turned his throat blue, and since then he came to be known as 'Nilkantha', the blue-throated one. Shivratri celebrates this event by which Shiva saved the world.

Maha Shivratri, the night of the worship of Lord Shiva, occurs on the 14th night of the new moon during the dark half of the month of Phalguna. It falls on a moonless February/March night, when Hindus offer special prayer to the lord of destruction. Shivratri (Sanskrit 'ratri' = night) is the night when he is said to have performed the Tandava Nritya or the dance of primordial creation, preservation and destruction. The festival is observed for one day and one night only. This years Maha Shivratri is being celebrated today(2nd March 2011).

It is auspicious to hear "Om Namah Shivaya" bhajan today