Tuesday, May 31, 2011

Grahanila(planetary positions) on 1st June, 2011

On 1st June,2011 Sun,Moon & Mercury in Taurus, Mars,Jupiter & Venus in Aries and Saturn in Virgo. During this month many things are happening. On 1st day of June a Solar Eclipse is taking place, but not visible in India. Same thing on 1st July also. On 15th a Lunar Eclipse which is visible in India. Take note that on 6th June RAHU-KETU transits to SCORPIO-TAURUS respectively after one and half years in SAGITURUS-GEMINI. Since Sun and Ketu are in same Rasi stage is set for eclipses. All other changes are given in the chart below.

Nifty closes @5560

Today(31-5-11)Nifty opened at 5503 with a gain of 30 points, moved upwards steadily to 5572 and closed at 5560 with a gain of 87 points. Nifty futures range was 5480 -> 5563, having a difference of 83 points. Today's up move was on global cues - EU's additional aid for Greece & strong manufacturing data from Japan. Agni level for tomorrow is 5555 and hold longs till Nifty maintains above Agni level.

Monday, May 30, 2011

Nifty closes flat

Today(30-5-11)as anticipated Nifty opened at 5509 with a gain of 33 points, moved down to 5459(-17 points) and closed flat at 5473. Nifty futures range was 5497 -> 5441, having a difference of 56 points. As tomorrow's Agni level is at 5450, exit longs and go short when Nifty slides below that level.

Sunday, May 29, 2011

Nifty closes @ 5476

On Friday(27-5-11)Nifty opened at 5448 with a gain of 36 points, moved in the range 5437 - 5486 and closed at 5476 with a gain of 64 points. Nifty futures range was 5415 - 5482, having a difference of 67 points. Through out the day Nifty futures moved in a discount ranging from three to ten points. Though it was a Friday adjacent to F&O settlement, Exceptional Friday effect was lacking. Tomorrow's Agni level is at 5406 and it seems Nifty may open in positive around 5500 and move to negative territory after some time.

Thursday, May 26, 2011

Nifty closes above Agni level

Today(26-5-11)Nifty opened at 5381 with a gain of 32 points, moved in the range 5356 - 5407 till 14:50, surge there after lifted Nifty 58 points (ie. from 5364 to 5422) and closed at 5412 with a gain of 63 points. Except for the last half an hour, anticipated volatility due to F& O settlement was lacking. Nifty futures range was 5354 - 5414, having a difference of 60 points. Tomorrow's Agni level is at 5346 and it is a signal to hold longs until Nifty slides below that.

Wednesday, May 25, 2011

Nifty closes below 5350 since 01-Mar-11

Today(25-5-11)Nifty moved in the range 5329 - 5380 and closed at 5349 with a loss of 46 points. Nifty futures range was 5375 -> 5329, having a difference of 46 points. Nifty is approaching centre of M1(5286). Tomorrow's Agni level is at 5373.

Tuesday, May 24, 2011

Nifty closes flat, but in green

Today(24-5-11)Nifty opened at 5385 with a loss of 2 points, moved in the range 5367(-20) - 5423(+36) and closed flat at 5395 with a gain of 8 points. Nifty futures range was 5360 - 5418, having a difference of 58 points and through out in discount. As F&O settlement for May series is due on 26th, high volatility is expected tomorrow and day after tomorrow. Tomorrow's Agni level is almost same as today ie. 5399.

Monday, May 23, 2011

Nifty close again in M1

Today(23-5-11)Nifty opened at 5417 with a loss of 69 points, moved down to 5373 and closed at 5387 with a loss of 99 points. "Eurozone concerns sparked an international stock sell-off on Monday" was the caption of CNN Money(New York) - fall below 5400 was expected, but not today. Nifty futures range was 5440 -> 5365, having a difference of 75 points. Tomorrow's Agni level is at 5397.

Sunday, May 22, 2011

Nifty closes in M2

On Friday(20-5-11)Nifty opened at 5454 with a gain of 26 points, moved down to 5433, moved up to 5518, moved down to 5480 and closed at 5486 with a gain of 58 points, in M2(above 5464). Next level is 5555. Nifty futures range was 5429 - 5522, having a difference of 93 points. Agni level for Monday is at 5403.

Thursday, May 19, 2011

Nifty closes in green though flat

Today(19-5-11)Nifty opened at 5453 with a gain of 32 points, moved in the narrow range 5411 - 5438 and closed flat at 5428 in green with a gain of 7 points. Nifty futures range was 5452 -> 5404, having a difference of 48 points only. Though most of the time Nifty was in green it did remain below Agni level most of the time. It didn't enter M2(above 5464)area. Waiting to see whether it moves to 5464 - 5555 - 5642. Tomorrow's Agni level is at 5387.

Wednesday, May 18, 2011

Nifty touches 5400 level

Today(18-5-11)Nifty opened at 5461 with a gain of 22 points, quickly moved to negative territory and almost reached the freak Nifty futures transaction figure on 26-4-11 (5393.45)before 1.00 p.m. and closed at 5421 with a loss of 18 points. Nifty futures range was 5398 - 5464, having a difference of 66 points. Tomorrow's Agni level is at 5431.
As Nifty has almost moved down to the freak figure mentioned above (see posting dated 5th May 2011), for the time being correction may end and Nifty may move upwards for a few days in the area below middle of M2(5642). As Nifty has moved to M1 area conclusively today, middle of M1(5286) expected shortly.

Tuesday, May 17, 2011

Nifty range breaks on Full Moon day

Today(17-5-11)Nifty opened at 5496 with a loss of 3 points, moved up to 5524, moved down steadily to 5421 and closed at 5439 with a loss of 60 points. Till yesterday, even after petrol price hike, Nifty was holding the range 5464 - 5642. But today, the Full Moon day, Nifty breaking the lower range moved to M1(Shudha Madhyamam - Bottom : 5123, Middle : 5286, Top: 5464)area. Nifty futures range was 5423 - 5522, having a difference of 99 points. Tomorrow's movement may give indication whether Nifty is headed to middle of M1(5286). Agni level for tomorrow is at 5448

Monday, May 16, 2011

Nifty maintains the range 5464 - 5642

Today(16-5-11)Nifty opened at 5529 with a loss of 16 points, moved in the range 5488 - 5542 and closed at 5499 with a loss of 46 points. Nifty futures range was 5477 - 5537, having a difference of 60 points. Today also Nifty moved in the lower part of M2(ie. 5464 - 5642)though Nifty futures was in 5 - 10 points discount. Tomorrow's Agni level is at 5511.

Sunday, May 15, 2011

Friday, the 13th May 2011

Friday,the 13th May 2011 was an eventful day due to the declaration of results for five state assemblies. The end of 34 year old CPM led coalition rule in West Bengal was the most noted one and emergence of "Didi" (Mamta Banerjee) as "giant killer". "Amma"(Jayalalitha)was also in the lime light by her two third majority victory over ruling DMK led front who is a partner at Congress led Union Government.

On that day Nifty opened at 5488 with a gain of 2 points, moved down to 5472, moved upwards steadily to 5605, moved down swiftly to 5531 and closed at 5545 with a gain of 59 points. Thus after 3rd May, Nifty remained in the band between the bottom of M2(5464) and middle of M2(5642). Break of this band on Monday (petrol price hike {Rs.5.00 per litre} was effected w.e.f midnight of 14th May) will give direction to the market. Nifty futures range on Friday(13-5-11)was 5465 - 5623, having a difference of 158 points. Agni level for tomorrow is at 5534.

Saturday, May 14, 2011

Mars,Venus,Jupitor conjunction on 15th May 2011

On 15th May 2011 Ravi(Sun)transits to Edavam(Taurus). And Budhan(Mercury), Shukran(Venus) and Guru(Jupitor)are in a straight line when viewed from Earth and Kujan(Mars) is close by. This conjunction can be viewed with naked eyes just before the day break. Chandran(Moon) and Shani(Saturn) are in Kanni(Virgo).

Thursday, May 12, 2011

Nifty closes below Agni lelvel

Today(12-5-11)Nifty opened at 5527 with a loss of 38 points, moved up to 5573, moved down to 5476 and closed at 5486 with a loss of 79 points. Nifty futures range was 5471 - 5578, having a difference of 108 points and it was at 5 points discount at closing time. Tomorrow's Agni level is at 5539 and Nifty may continue to move downwards.

Wednesday, May 11, 2011

Tomorrow's Agni level is higher than Nifty close today

Today(11511)Nifty opened at 5557 with a gain of 16 points, moved in the range 5525 - 5575 as expected and closed at 5565 with a gain of 24 points. Nifty futures range was 5524 - 5578, indicating that Nifty was in discount also. As Agni level has gone up to 5569 for tomorrow, it is time to exit longs and move to short if Nifty remains below today's closing level.

Tuesday, May 10, 2011

Nifty remains below 5600

Today(10-5-11)Nifty opened at 5559 with a gain of 8 points, moved in the range 5515 - 5593 and closed at 5541 with a loss of 10 points. Nifty futures range was 5517 - 5605, having a difference of 88 points. As was in the last two days Nifty may remain in 5500 - 5600 range till Agni level moves above it. Tomorrow's Agni level is at 5488.

Monday, May 9, 2011

Nifty closes flat

Today(9-5-11)Nifty opened at 5586 with a gain of 35 points, moved downwards to 5502, moved upwards to 5570 and closed flat at 5551. Nifty futures range was 5584 -> 5502. As Nifty didn't maintain the opening gain and moved around yesterday's closing level, Asian market cues will decide tomorrows levels. Tomorrow's Agni level is at 5442.

Sunday, May 8, 2011

After 9 days Nifty closes above Agni level

On last Friday(6-5-11)Nifty opened at 5510 with a gain of 50 points, moved in the range 5472 - 5564 and closed at 5551 with a gain of 91 points. As Nifty was in red from Monday to Thursday, it was an Exceptional Friday and the up move was for 92 points from 5472. Nifty futures range was 5468 - 5575, having a difference of 107 points.

Thus, Nifty after moving to the low of M2 (Prati Madhyamam - Low:5464, Mid:5642, Top: 5797), moved upwards snapping its longest(9 days) downward journey. After 26th April 2011, Nifty closed above Agni level on 6th May 2011(see chart below). Since tomorrow's Agni level is at 5389 Nifty may close above Agni level tomorrow also. Nifty may move to Middle of M2(5642).

Thursday, May 5, 2011

For the attention of SEBI

Today(5-5-11)up to 13:00 Nifty moved in the range 5520 - 5560 frequently crossing yesterday's closing level. Thereafter came the 100 points down move which took Nifty to 5444 which resulted in closing at 5460 with a loss of 77 points, ie. at low of M2(5464) mentioned on Tuesday(3rd May). Nifty futures range was 5573 - 5444, low same as spot indicating the absence of any premium. Tomorrow's Agni level is at 5403 and it seems that the present correction may end @ 5400.

For the attention of SEBI: On 26th April 2011 there was a freak transaction in Nifty futures @ 5393.45, which is 400 points below MiniNifty low @ 5793. From that day onwards Nifty was closing in red for the last 9 days(longest losing streak ever) and now Nifty is approaching "that freak figure". Open Interest of Puts at strike price 5400 is the highest (5,401,300)today. Both these facts indicate that there was a concerted attempt to bring down Nifty to the desired levels by some of the BIG dealers, which is against the interest of common people. To safeguard the interests of retail investors SEBI should investigate the following points and take appropriate remedial measures.
1)How above mentioned transaction took place when there was lakhs of entries?
2)Whether there is any inbuilt in mechanism to prevent such erroneous transactions?
3)Who are the parties to that transaction ? Who(buyer or seller) entered that figure and who benefited. Volume of that transaction? Any action taken by NSE/SEBI.
4)What are the checks to be incorporated in trading software to prevent such transactions in future.

Wednesday, May 4, 2011

Nifty closes in red for the 8th consecutive day

Today(4-5-11)Nifty opened at 5534 with a loss of 31 points, moved in the range 5003 - 5579 (Agni level for the day was 5581) and closed at 5537 with a loss of 28 points. Today is the 8th consecutive day Nifty closing in red and it never happened for the last three years. Nifty futures range was 5511 - 5593, having a difference of 82 points. Tomorrow's Agni level is at 5498 and Nifty may close above that level.

Tuesday, May 3, 2011

RBI credit policy - Nifty closes below centre of M2

Today(3-5-11)Nifty declined 156 points after the announcement of 50 basis points Repo rate hike by RBI in their credit policy review. Nifty opened at 5673 with a loss of 28 points, moved up to 5711 just before 11'O clock, moved down stage by stage to 5555 after credit policy announcement and closed at 5565 with a loss of 136 points. Nifty futures range was 5560 - 5726, having a difference of 166 points. Since Nifty close is below the centre of M2(5642) Nifty may move to low of M2(5464). Tomorrow's Agni level is at 5581.

Monday, May 2, 2011

Niftyfutures' holds above 5700

Today(2-5-11)Nifty opened at 5775 with a gain of 25 points,moved down fast to 5719, moved down further to 5688 and closed at 5701 with a loss of 48 points. Nifty futures range was 5790 -> 5703, having a difference of 87 points. Similar to 19th April 2011 when Nifty moved down to 5693, Nifty futures remained above 5700. RBI credit policy review is due for tomorrow and Nifty may be highly volatile. Go long only if Nifty holds above Agni level ie. 5689.

Sunday, May 1, 2011

Sluggish EFE of 54 points - Nifty closes in M2

On Friday(29-4-11)Nifty opened at 5780 with a loss of 5 points, moved in the range 5804 - 5765 up to 13:00, moved down to 5706(14:50), Exceptional Friday Effect(EFE) of 54 points surge to 5760 and closed at 5750 with a loss of 35 points. Nifty futures range was 5824 -> 5720, having a difference of 104 points. RBI credit policy review is due on Tuesday and Nifty may be highly volatile during next two days. Go long only if Nifty moves above Agni level(5766 for Monday) and go short when Nifty moves below it.