RBI inaction evolves into Mars conjunction effect

Nandi was in a fix to select an appropriate heading for the post and finally selected
"RBI inaction evolves into Mars conjunction effect". Others were
(a). RBI inaction triggers sell off (b). Nifty close 4651 lowest in 2011 (c). Nifty closes at Soma level (4651) (d). Mars - Moon's conjunction effect (17th) advances one day etc.
The finally selected one is a combination of above two, because Nandi does not believe that RBI pause alone is a sufficient reason for sell off. From the planetary transits table below it can be seen that Sun transits from Scorpio to Sagitarius on 17th (16th-last day in Scorpio) and there is Moon-Mars conjunction on 17th. That's why in earlier posts 17th December was mentioned repeatedly. But the steep down move came on one day in advance ie. Friday the 16th December, 2011. Nifty movements mapped in to daily music scale (which is posted regularly) is given above. Nifty and Nifty futures range were 4628 - 4819 and 4625 - 4840 respectively. Nifty futures high and low difference of 215 points was third highest during the year, the first and second being 221 on 14th January 2011 and 9th August 2011(same 221 on both days).


From the above table it can be seen that Nifty average is 4723 and at the centre of G1. As Nifty close is at the Agni level for tomorrow (4650) no further comments. Avoid longs if Nifty moves below Agni level and shorts when Nifty moves above Agni level.