Monday, October 31, 2011

Nifty remains in red

Today(31-10-11)Nifty opened flat at 5359, moved in the range 5315 - 5360 and closed at 5327 with a loss of 34 points. Nifty moved below Agni level and recovered. Though Sensex moved to positive territory around 13:20, Nifty remained in red. Nifty futures range was 5334 - 5378 having a difference of 44 points. As tomorrow's Agni level is at 5403 Nifty may move down to centre of M1(5286).

Sunday, October 30, 2011

Nifty opens @ 5400 & closes @ 5361

On Friday(28-10-11) Nifty opened at 5400 with a gain of 198 points on positive news from Europe, declined and moved in the range 5323 - 5365 and closed at 5361 with a gain of 159 points. Nifty futures range was 5341 - 5403, having a difference of 62 points. As Nifty close is above centre of M1(5286) it may move towards top of M1(5464). However, exit longs and go short when Nifty moves below Agni level. Agni level for Monday is at 5322.

Thursday, October 27, 2011

Nifty moves to M1

On Tuesday(25-10-11)Nifty opened at 5138, moved up to 5155 after RBI announced 25 basis points hike in Repo rate, moved down to 5086, moved up again to 5211 and closed at 5192, in M1 with a gain of 94 points. Nifty futures range was 5087 - 5193, having a difference of 106 points. On Muhurat trading (26th) Nifty moved further higher to 5219 and closed at 5202, in M1 again. So, Nifty may move to centre of M1(5286). Tomorrow's Agni level is at 5177.

Tuesday, October 25, 2011


HAPPY DIWALI joy - Nifty returns to 5200 levels which it had not seen for the last one month, bringing hope for happy days from DIWALI.


Monday, October 24, 2011

Nifty closes near 5100

Today(24-10-11)Nifty opened at 5115 with a gain of 65 points, moved up to 5146, moved down to 5085 and closed at 5098 with a gain of 48 points. Nifty futures range was 5093 - 5157, having a difference of 64 points only. F&O October series ends tomorrow and RBI credit policy review is due. Tomorrow's Agni level is at 5097.

Sunday, October 23, 2011

Volatility continues

On Friday(21-10-11)Nifty opened at 5107 with a gain of 15 points, moved down to 5071, moved up again to 5121, moved down to 5038 and closed at 5050 with a loss of 42 points. Nifty futures range was 5039 - 5131, having a difference of 92 points. Volatility may continue till Diwali. Let us expect some direction after that. The table below shows the Nifty movements during the last one month. Agni level for tomorrow is at 5059.

Thursday, October 20, 2011

One day up one day down continues

Today(20-10-11)Nifty opened at 5087 with a loss of 52 points, moved down to 5041(11:00), remained in the narrow range 5034 - 5050 up to 13:00, moved steadily up to 5099 and closed at 5092 (near opening level) with a loss of 47 points. Nifty futures range was 5033 - 5111, having a difference of 78 points. As said yesterday clarity is yet to emerge to stop this one day up one day down movement. Agni level for tomorrow is at 5100.

Wednesday, October 19, 2011

Nifty back to last Friday position

Today(19-10-11) Nifty opened at 5087 with a gain of 49 points, moved down to 5075, moved up to 5148 and closed at 5139 (last Friday closing was 5132)with a gain of 101 points. Nifty futures range was 5070 -> 5158, having a difference of 88 points. Though Nifty closing is in M1, the average is 5111 and hence it is still in G2. Clarity regarding further move is yet to emerge. Today Nifty closed just above Agni level at 5134 and tomorrow's Agni level is same as today closing ie. 5139.
As F& O October series terminates on Tuesday the 25th due to holidays on 26th(Pooja) & 27th(Diwali) Nifty will be highly volatile during next four days.

Tuesday, October 18, 2011

Nifty returns to opening level

Today(18-10-11)Nifty opened at 5043 with a loss of 75 points on global cues, moved down to 5011, moved up to 5048 at the time of closing and closed at 5038 with a loss of 80 points. Nifty futures range was 5013 - 5064, having a difference of 51 points only. As Nifty returned to opening level at the time of closing after recovering intra-day loss, it may be volatile tomorrow. Tomorrow's Agni level is at 5134.

Monday, October 17, 2011

Nifty closes in G2

Today(17-10-11)Nifty opened at 5156 with a gain of 24 points, moved down to 5085, moved in the narrow range 5105 - 5126 thereafter and closed at 5118 with a loss of 14 points. Nifty futures range was 5162 -> 5081, having a difference of 81 points. Today also Nifty remained in G2. Agni level for tomorrow is at 5218 and it is advisable to hold shorts and exit longs if Nifty does not move to M1.

Sunday, October 16, 2011

Nifty closes again in M1

On Friday(14-10-11)Nifty opened at 5057 with a loss of 21 points, moved up to 5114, moved down to 5079, move up again to 5141 and closed at 5132 with a gain of 54 points. Nifty futures range was 5056 - 5154, having a difference of 98 points. Though Nifty closing is in M1 (ie. above 5123) average for the day is 5099 and hence it can be considered as Nifty is still in G2. The coming week will confirm whether Nifty moves to M1 and whether it may move to centre of M1(5286). The Agni level for Monday is at 5201.

Thursday, October 13, 2011

After opening at top of G2 Nifty declines

Today(13-10-11) Nifty opened at top of G2 ie. 5137 with a gain of 38 points, declined to 5078, moved to top of G2 again ie. 5128, declined again to 5068 and closed at 5078 with a loss of 21 points. Nifty futures range was 5040 -> 5066, having a difference of 74 points and it was on a discount. As Nifty closed below Agni level, the day anticipated for sell in 9th October post, arrived today. Agni level for tomorrow is at 5179 and Nifty may move further down.

Wednesday, October 12, 2011

Nifty closes at 5100 level

Today(12-10-11)Nifty opened at 5023 with a gain of 49 points, moved up to 5056, moved down to 4998, surged to 5111 on positive global cues and closed at 5099 with a gain of 125 points. Nifty futures range was 5001 - 5118, having a difference of 118 points.
Today, the full Moon day (as full moon was marked both yesterday and today in calendar & panchang today was taken as it was very close)Nifty closed with good gains against the expectation of a negative closing. Though up to 13:00 it seemed normal and Nifty was around 5000, the global cues - Hangseng & European markets changed to positive from their earlier negative opening and DOW futures was up by 100 points - emerged thereafter boosted Nifty to break morning's high of 5056 and to move near to top of G2(5123). As tomorrow's Agni level is at 5124 avoid longs if Nifty doesn't stay above it. It may be noted that even today Agni level didn't give a sell signal.

Note: It is clarified that Full Moon was yesterday only (see comments).

Tuesday, October 11, 2011

Nifty closes flat after staying above centre of G2

Today(11-10-11)Nifty opened at 5029 with a gain of 49 points, moved in the range 5964 - 5045, and closed flat @ 4974. Nifty futures range was 4970 - 5055, having a difference of 85 points. Tomorrow is a full Moon day and Agni level is at 4950.

Monday, October 10, 2011

Nifty closes above centre of G2(4960)

Today(10-10-11)Nifty opened at 4904 with a gain of 16 points, moved down to 4882, moved up to centre of G2(4960) till 14:00, surged to 4991 at closing time and closed at 4980 with a gain of 92 points. Nifty futures range was 4890 - 5004, having a difference of 114 points. As Nifty closed above centre of G2 Nifty may move to 5056 - top of G2(5123). Tomorrow's Agni level is at 4827.

Sunday, October 9, 2011

Nifty moves between low and centre of G2

On Friday(7-10-11)Nifty opened at 4916 with a gain of 165 points, moved in the range 4861 - 4923 and closed at 4888 with a gain of 137 points, in G2. Nifty futures range was 4872 - 4939, having a difference of 67 points. Monday's Agni level is at 4723. As Friday's Nifty close is 165 points above Agni level buying is not advisable. Prefer to just watch on Monday and wait for sell signal( Nifty < Agni level)around Full Moon day. If there is opportunity, day trade can be executed based on "AGNI BREAKS OPEN PREMIUM" manthra.

Thursday, October 6, 2011

Nifty closes at centre of G1

On Wednesday(5-10-11) Nifty opened at 4812 with a gain of 40 points, up to 12:30 moved in the range 4774 - 4828, similar to Tuesday swiftly moved down to day's low of 4741 at 13:30 and closed at 4751 ie. at the centre of G1. Nifty futures range was 4747 - 4844, having a difference of 97 points. As tomorrow's Agni level is at 4722, below the last closing Nifty may go up. Being an Exceptional Friday(Condition No.2 - last four days Nifty closed in red) except 50 to 100 points up move. Go long whenever Nifty stays above Agni level.

Wednesday, October 5, 2011

Om Durgaye Nama

Nifty moves to centre of G1(4759) as anticipated

Tuesday(4-10-11)Nifty opened at 4816 with a loss of 28 points, moved up to top of G1 ie.4870, swiftly moved down to 4728 and closed at 4772 with a loss of 78 points. Nifty futures range was 4726 - 4885, having a difference of 159 points. As Nifty has moved below centre of G1(4759) as mentioned on 2nd October 2011 and closed above that level caution is required. Agni level for Wednesday is at 4852. Tomorrow is a holiday on account of Dasara & Vijayadasami.

Monday, October 3, 2011

Nifty closes in G1 ie. below 4859

Today(3-10-11)Nifty opened at 4879 with a loss of 64 points on global cues, moved in the range 4824 - 4874 and closed at 4850 with a loss of 93 points, in G1. Nifty futures range was 4813 - 4879, having a difference of 66 points. Tomorrow's Agni level is at 4949 and Nifty may move down to 4800 & to centre of G1(4759).

Sunday, October 2, 2011

Nifty closes @ 4943 just below Agni level @4944.

On Friday(30-9-11)Nifty opened at 4990 with a loss of 25 points, moved down to 4953, moved up to 5026 (a gain of 73 points - Exceptional Friday Effect), moved down to 4924 and closed at 4943 with a loss of 72 points, just below Agni level at 4944. As tomorrow's Agni level is at 5017 Nifty may move downwards to low of G2(4859), 4800 - centre of G1(4759) during this week. Larger down move expected from 12th October,2011, the full Moon day.

Saturday, October 1, 2011

Grahanila(planetary positions) as on 1st Oct 2011

The Sun,Mercury,Venus and Saturn in Virgo, Moon in Scorpio, Jupiter in Aries and Mars in Cancer. Rahu in Scorpio and Ketu in Taurus.