On 29th January, 2013 the Reserve Bank of India cut its key policy rates - repo rate and cash reserve ratio - by 25 basis points each. The repo rate has been reduced from 8% to 7.75 % and cash reserve ratio from 4.25% to 4.00%, historically the lowest level. Nifty touched this years new hight of 6112, declined to 6043 and closed at 6050 with a loss of 25 points. Nifty futures range was 6041 - 6120.
As on 1st January, 2013 Sun & Mercury in Sagitarius, Mars in Capricornus, Ketu in Aries, Jupiter in Taurus, Moon in Cancer, Saturn & Rahu in Libra and Venus in Scorpio. Planetary transits in January 2013 are 4th Venus -> Sagitarius, 14th Sun -> Capricornus, 15th Mercury -> Capricornus, 25th Mars -> Aquarius, and 28th Venus -> Capricornus.
The planetary positions given are at the time of sunrise in India(Kerala) and conjunction effects on markets may be seen on the countries (Asia or Europe or US) over which conjunction take places. It may effect Nifty on that day if the difference is less than 5 degrees and next day otherwise. As per above Nifty may move downwards in the second week ie. 6th to 13th.
Nifty futures trading based on AGNI, 4DMA & EMA10
Daily 4DMA & EMA10 figures will be available from chartink.com.