Monday, August 29, 2011

New Moon Day - Nifty closes with 172 points gain

Today(29-8-11)Nifty opened at 4832 with a gain of 84 points, moved down to 4820, steadily moved up to 4934 and closed at 4920 with a gain of 172 points. Today's is the largest closing gain after 1st March 2011(189 points). Incidentally today is a new-moon day. Nifty futures range was 4802 - 4948, having a difference of 146 points.
As 31st Aug and 1st Sept are trading holidays on account of Ramzan and Ganesh Chaturthi respectively Nifty may be volatile tomorrow. Tomorrow's Agni level is at 4810.

Sunday, August 28, 2011

Nifty closes at centre of G1

On Friday(26-8-11)Nifty opened at 4861 (Agni level for the day)with a gain of 21 points, moved up to 4872 after touching a low of 4830 (42 points gain), moved in the range 4826 - 4853 till 13:00, moved down to 4720 and closed at 4748, at centre of G1, with a loss of 92 points. Friday's close is lowest since 5-Feb-10. Nifty futures range was 4718 - 4888, having a difference of 170 points. Tomorrow's Agni level is at 4804.

Anna Hazare breaks fast after 288 hours - Jai Ho Anna

After securing Parliament's nod on key elements of Jan Lokpal bill, Anna Hazare on Sunday (August 28) ended his 12-day-old fast declaring that electoral reforms will be next on his agenda. This is the victory of "WE, THE PEOPLE OF INDIA", over the corrupt politicians and officials who believes that they won't be questioned by the common people. The battle is "HALF WON", fight should continue till corruption is eradicated from all walks of life. For video click Anna Hazare breaks fast. To know the size of scams from 1947 till date and what means to each Indian click Scams of India

Thursday, August 25, 2011

Nifty closes in G1 again

Today(25-8-11)being the settlement day for F&O August series, Nifty opened at 4915 with a gain of 26 points, moved down steadily to 4839, moved up to 4895, moved down again to 4849, moved up again to 4876(14:10). Last half an hour witnessed very high volatility which was not seen recently. At 14:30 Nifty was at 4858, around 15:00 it moved up to 4883, discarded 60 points within 10 minutes to touch day's low at 4825, before closing at 4840 (in G1 again), with a loss of 49 points. Nifty futures range was 4912 -> 4831, having a difference of 81 points. As tomorrow's Agni level is at 4861 go short unless Nifty moves above it. As indicated on Monday (22nd) Nifty may continue its downward journey.
Note: Downward figures are 4960 - 4912 - 4859 - 4800 - 4759 - 4656 - 4612 (In continuation to the figures given on Aug 15th). More figures will be given in due course if necessary.

Wednesday, August 24, 2011

Nifty moves between centre & bottom of G2

Today(24-8-11)also Nifty moved in between bottom(4859) & centre(4960) of G2, but direction was reverse. Nifty opened at 4921 with a loss of 28 points, moved upto 4962 (centre of G2), moved down and stayed in the narrow range 4900 - 4930 till half an hour before closing, moved further down to 4875 and closed at 4889 with a loss of 60 points (yesterday's gain was 50 points). Nifty futures range was 4867 - 4962, having a difference of 95 points and most of the time in discount to spot. Being settlement day for F&O August series and SEBI's order on daily charging of hefty interest on margin money shortages takes effect on new series, Nifty will be highly volatile and roll over of F&O positions may be minimum. Whether that will favor an upmove in Nifty or not can be seen tomorrow. Tomorrow's Agni level is at 4831.

Tuesday, August 23, 2011

Nifty moves between bottom & centre of G2

Today(23-8-11)Nifty opened at 4928 with a gain of 29 points, moved down to 4864 (bottom of G2), moved up to 4966 (centre of G2) and closed at 4949 with a gain of 50 points. Nifty futures range was 4865 - 4973, having a difference of 108 points. Tomorrow's Agni level is at 4817, and it is yet to move up.

Monday, August 22, 2011

Expected bounce back surfaced 2 days late

Today(22-8-11)Nifty opened flat at 4844, moved down to 4818, moved up to 4868, again moved down to 4809, steadily moved up 100 points ie. 4910 and closed at 4899 with a gain of 53 points. Thus, expected bounce back surfaced 2 days late. Remember this is just a bounce back and Nifty may continue its downward journey. Nifty futures range was 4816 - 4922, having a difference of 106 points. Tomorrow's Agni level is at 4829.

Sunday, August 21, 2011

Nifty closes in G1

On Friday(19-8-11)Nifty opened exactly at bottom of G2(4859),moved up to 4894, moved down to 4796, moved up again to 4855 and closed at 4846,in G1(Gandharam - Top: 4859, Centre : 4759 and Bottom : 4611), with a loss of 98 points. Nifty futures range was 4801 - 4903, having a difference of 102 points. As Nifty closed in G1, it may move to centre of G1(4759). Tomorrow's Agni level is at 4862.

Thursday, August 18, 2011

Nifty closes below centre of G2(4960)

Today(18-8-11)though Nifty opened at 5079 with a gain of 22 points, after 9:30 it moved below Agni level(5033) and steadily declined to 4932 and closed at 4944(today's Soma level was 4947), below centre of G2(4960), with a loss of 113 points on Morgan Stanley report "U.S. 'dangerously close' to recession". Nifty futures range was 5076 -> 4926, having a difference of 150 points. As Nifty close is below centre of G2(4960) it may move down to low of G2(4859). As European and US markets are down by 4 - 6 percent now, Nifty may move further down to centre of G1(4759). Thus, expectation of a small bounce back to M1 area didn't materilise. Tomorrow's Agni level is at 4952.

Wednesday, August 17, 2011

Nifty remains in G2

Today(17-8-11)Nifty opened at 5030 with a loss of 6 points, moved up to 5112, moved down to 5017 and closed at 5057 with a gain of 21 points. Incidentally 5056 is the second figure mentioned in Monday post. Nifty futures range was very close to yesterday figures ie. 5014 - 5126, having a difference of 112 points. Tomorrow's Agni level is at 5033 and go long if Nifty remains above it. If Nifty moves above 5123 there is time to reach 5286 before expiry.

Tuesday, August 16, 2011

Nifty closes below Agni level.

Today(16-8-11)Nifty opened at 5132 with a gain of 59 points, moved down to 5015 and closed at 5036 with a loss of 37 points,below today's Agni level(5045). Nifty futures range was 5140 -> 5006, having a difference of 134 points. Tomorrow's Agni level is at 5065 and Nifty may move further downwards.

Monday, August 15, 2011

Nifty closes at August, 9 level

On Friday(12-8-11)Nifty opened at 5194, moved down to 5053 and closed at 5073 ie. August 9 level with a loss of 65 points. Nifty futures range was 5181 -> 5052, having a difference of 129 points. As tomorrow's Agni level is at 5045 go long unless Nifty moves below that level.

Note: given below are the combined levels from main scale and daily scale
4960 - 5056 - 5123 - 5168 - 5286 - 5312 - 5376 - 5434 - 5464 - 5555
and the lows Nifty moved to last week are 5054, 4946, 5123, 5121 & 5053 which are very close to first three figures.

Long live Independence - Free India from corruption

Pass Jan Lokpal Bill. Make mandatory, all payments above Rs.50,000/- through banking channel and link the bank accounts with ADHAAR. Why are we allowing some people to live a luxurious life by accepting bribes and kickbacks when lakhs of Indians are struggling to have two meals a day, clothing and shelter ?

Thursday, August 11, 2011

Despite 520 points fall in DOW, Nifty stays in M1

Today(11-8-11)Nifty remained in M1(ie. above 5123)despite 520 points fall in DOW and most asian markets responded to that. Similar to August 9, Nifty remained stable today also (refer that post). Nifty opened at 5121 with a loss of 40 points, moved in the range 5128 - 5185 and closed at 5138 with a loss of 23 points. Nifty futures range was 5122 - 5187, having a difference of 65 points. As Nifty remained in M1 yesterday and today it may move to M2(5286) before expiry of August series. Tomorrow's Agni level is at 5010.

Wednesday, August 10, 2011

Nifty moves in M1

Today(10-8-11)Nifty opened at 5198 with a gain of 125 points, declined steadily to bottom of M1(5123), moved up to 5173 and closed at 5161 with a gain of 88 points. Nifty futures range was 5223 -> 5118, having a difference of 105 points. As Nifty opened around 200 points above Agni level and low was 133 points above Agni level buy could not be executed. Further, as per day trading manthra it was a sell from the beginning. Ideal range for a buy is less than 20 points from Agni level. As tomorrow's Agni level is at 4975 wait till Nifty comes near it or avoid trading.

Tuesday, August 9, 2011

Nifty touches centre of G2(4960) and bounces.

Today(9-8-11)Nifty opened at 4946, with a loss of 173 points as DOW lost 635 points(5.55%)yesterday and all markets followed suit. But, retaining that low, Nifty steadily moved up to 5167 (a gain of 221 points), moved down to 5014, moved again up to 5091 and closed at 5073 with a loss of 46 points only. This performance of Indian market was very encouraging compared to all other markets in the world. This positive cue may create an up move in other markets also. Nifty futures range was 4951 - 5172, having a difference of 221 points which is highest during this year. As Nifty touched the centre of G2(4960) as mentioned on Sunday and Agni level for tomorrow is at 4990, which is far below from today's close it is a buy tomorrow. As Nifty skipped centre of M1(5286)on gap down opening, that level may reach shortly.

Monday, August 8, 2011

Nifty closes at bottom of M1

Today(8-8-11)Nifty was highly volatile. It opened at 5062 with a loss of 149 points, moved down to 5054, moved up to 5204, moved down to 5112 and closed at bottom of M1 ie. 5119 with a loss of 92 points. Nifty futures range was 5057 - 5208, having a difference of 151 points. Tomorrow's Agni level is at 5101 and high volatility may continue tomorrow also. Risk averse traders may avoid trading in this volatile market.

Sunday, August 7, 2011

Nifty decends to bottom of M1(5123) & closes @5211

On Friday(5-8-11)Nifty opened at 5204 with a loss of 128 points on global cues, descended to bottom of M1(5123), recovered 108 points and closed near opening level at 5211 with a loss of 121 points. Nifty's downward move was as anticipated in the post dated 3rd August,2011. Recovery of 50 to 100 points intraday was also on expected lines due to Exceptional Friday Effect. Further, when ever Indian market slipped more than three percent, one and half percent recovery intraday or next trading day can be seen in its back history. Nifty's Friday range was 5116 - 5230 where as Nifty futures range was 5115 - 5234, having a difference of 119 points. As tomorrow's Agni level is at 5231, remain in shorts till Nifty moves above it. As S&P has downgraded US's credit rating, tomorrow's market movement will be highly volatile and risk averse traders may stay away from trading. If Nifty enters G2(Anthara Gandharam)ie. below 5123, it may move to centre of G2 at 4960.

Astro factors: Not only conjunction of Moon with Saturn may have favored such a huge fall, it may be that Sun is in Cancer and Kethu (180° of Rahu) is in Taurus. This type of combination may occur again only after more than 8 years.

Friday, August 5, 2011

Pahima (Save me) - DOW down 513 points( 4.31%)

Wall Street’s Awful Day by the Numbers

The Dow Jones Industrial Average had its worst point decline -- and 10th drop overall in 11 days -- in almost three years on Thursday as worries about the economy, in both the U.S. and around the world, continued to grow. The Dow hasn't closed this low since December, and it hasn't seen an intraday drawdown this fierce since the flash crash of May 2010.

Selling was widespread on Wall Street, and investors struggled to find safety. Everywhere you turned, almost regardless of stock, sector or asset class, the direction was downward. The Dow is now lower by 1.67% for the year, according to data from Dow Jones Indexes, and is in a correction owing to a close that's 10% under its recent high.

Here's a quick look at some of the key numbers at the end of what was a brutal day in New York trading:

-Dow Jones Industrial Average (^DJI): Down 512.76 points, or 4.31%, to 11,383.68
-S&P 500 (^GSPC): Down 60.27 points, or 4.78%, to 1200.07
-Nasdaq Composite (^IXIC): Down 136.68 points, or 5.08%, to 2556.39

So what should people at home do? Avoid panic, for starters. The swiftness of this correction is unusual, but a 10% drop is not. Just last summer stocks fell 17% on concerns not unlike those we face today. If you're an investor who can't sleep tonight, you're probably too exposed to stocks. Sell until you can sleep. Nobody ever made good financial decisions scared or tired.

Thursday, August 4, 2011

Nifty closes near 5300 level

Today(4-7-11)Nifty opened at 5424 with a gain of 24 points, moved up to 5435, moved in the 5389 - 5408 narrow range between 11.00 to 13.00, steadily moved down to 5323 and closed at 5332 with a loss of 73 points. Nifty futures range was 5325 - 5440, having a difference of 115 points. Tomorrow's Agni level is at 5360 and Nifty may move down as mentioned in yesterday post.

Note: Today there was conjunction of Moon with Saturn and it was not mentioned due to the uncertainty of its effect. Till 10-6-11 Saturn was in retrograde and up to 8-5-11 Jupiter was in opposition (180°). After that only in July it could be observed and the effect was adverse. With only one incident it cannot be generalized.

Wednesday, August 3, 2011

Nifty closes in M1

Today(3-8-11)Nifty opened at 5386 with a loss of 71 points, moved down to 5379, moved up to 5423 and closed at 5405 with a loss of 52 points. Nifty closing is in M1(Shudha Madhyamam - Bottom: 5123; Centre: 5286; Top: 5464) and if Nifty remains in this range tomorrow also it may decline to centre of M1(5286) and to Bottom of M1(5123). Nifty futures range was 5387 - 5437, having a difference of 50 points. Tomorrow's Agni level is at 5408.

Tuesday, August 2, 2011

Nifty closes at bottom of M2

Today(2-7-11)Nifty opened at 5496 with a loss of 21 points, moved down to 5434 (Agni level was 5439) and closed at 5457, bottom of M2(5464). Nifty futures range was 5499 -> 5433, having a difference of 66 points. Volatility due to US debt ceiling concern still continues. As tomorrow's Agni level is at 5419, hold longs only if Nifty remains above it.

Monday, August 1, 2011

Nifty closes in green with 35 points gain

Today(1-8-11)Nifty opened at 5552 with a gain of 70 points on global cues, moved down steadily to 5486, moved up to 5525 and closed at 5517 with a gain of 35 points. Nifty futures range was 5557 -> 5488, having a difference of 69 points. Volatility may continue till USA's debt ceiling concern is eased. Tomorrow's Agni level is at 5439.

Grahanila(planetary positions) on 1st August, 2011

Sun & Venus in Cancer, Mercury & Moon in Leo, Saturn in Virgo, Jupiter in Aries and Mars in Gemini. Moon transits through all the signs every month and its conjunction with other planets have positive / negative impacts on market besides full moon and new moon days. Last Saturday was a new moon day and there can be a trend reversal this week. It is observed that Moon's conjunction with Jupiter is positive to market where as conjunction with Mars and Venus negative. Moon conjuncts with Jupiter, Mars and Venus on 20th, 25th and 29th August respectively.