On Friday(15-6-12)Nifty closed at 5139 with a gain of 84 points, highest closing after 3rd May 2012(5188). But, the daily average was 5107.68 and hence it is yet to enter M1. Entering M1(average > 5123) and remaining for two/three days there may pave way for Nifty to move to centre of M1(5286). As there is Moon-Venus conjunction on Monday the chances for that is remote. Result of Greece election and RBI credit policy review are deciding factors for Nifty's next movements. Nifty and Nifty futures ranges were 5069 - 5146 and 5073 -5156 respectively. Agni level for Monday is 5143.
Sunday, June 17, 2012
Nifty closes at 5139 - highest closing after 3rd May
On Friday(15-6-12)Nifty closed at 5139 with a gain of 84 points, highest closing after 3rd May 2012(5188). But, the daily average was 5107.68 and hence it is yet to enter M1. Entering M1(average > 5123) and remaining for two/three days there may pave way for Nifty to move to centre of M1(5286). As there is Moon-Venus conjunction on Monday the chances for that is remote. Result of Greece election and RBI credit policy review are deciding factors for Nifty's next movements. Nifty and Nifty futures ranges were 5069 - 5146 and 5073 -5156 respectively. Agni level for Monday is 5143.
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2 comments:
All the world markets are in green . Moon venus (retrograde) is opposite to the natural bearish. Further to -morrow , new moon too . Kindly let us know your opinion. Thanks
Dear Bala,
Kindly refer to Grahanila post dated 1st June. Today's Moon-Venus conjunction has to pull down market. Since Venus is in retro, more powerful will be the effect. See what happened - Nifty slipped from 5190 to 5042 and closed at 5064 with a loss of 75 points.
New Moon effect will be on 20th and hence it is indicated as a down day considering its trend-breaking character. If tomorrow is also a down day, then 20th need not be a down day. Let us see.
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