Thursday, February 28, 2013

Budget Day 2013 - Nifty closes 104 points down

Today(28-2-13)Nifty closed at 5693 with a loss of 104 points after the presentation of 2013-14 budget. Nifty and Nifty futures ranges were 5850 - 5672 and 5842 - 5674 respectively. As Nifty has already closed at 5888(6th figure in the chart dated 1-1-13)on 15-2-13, 5797(8th figure)on 27-2-13 it has to close at 5642(10th figure).

On 26-2-13 (Railway Budget day) Nifty closed at 5797 with a loss of 94 points. Nifty and Nifty futures ranges were 5839 - 5749 and 5817 - 5749 respectively.

Sunday, February 17, 2013

Nifty closes at 23x (ie. 23 x 256 = 5888)

On Friday(15-2-2013) Nifty closed at 5887.40 ie. 23x. Nifty and Nifty futures ranges were 5854 - 5900 and 5859 - 5909 respectively. At Friday closing Nifty stands below Agni level(5903), 4DMA(5910) & EMA10(5931). Further move of Nifty will depend on which side of "NI SA RI" area (5824 - 5920) it breaks.

Tuesday, February 12, 2013

Down move terminated at 5879 ?

Today's(12-2-13)Chartink chart with 4DMA, 10EMA and 64DMA. As seen in the chart, in earlier occasions also down move terminated at 64DMA. If tomorrow Nifty spot remains above today's 4DMA ie. 5916 longs can be initiated with SL 5916.

Sunday, February 10, 2013

Welcome to new stock exchange MCX - SX

A new stock exchange, MCX-SX is born on Saturday the 9th February 2013. It will start breathing from Monday the 11th February 2013. With its 40-stock index named SX40, MCX-SX is the third full-fledged equity bourse after BSE and NSE. Welcome to the new stock exchange that is most modern in technology when compared to the existing BSE and NSE and likely to roll out more customer friendly products. After the setting up of NSE, radical changes have been introduced in trading stocks & derivatives. Hope that the new stock exchange will also add new methods and systems for the improvement of the stock market in India.

The table above shows the trend of Nifty turning to red on 31st January, 2013 the day Nifty closed @6035 below 4DMA( 6054) & EMA10(6048) as described in January 1st, 2013 post. Friday's Nifty low is 5884, near the figure 5888 in the table dated 1-1-13. This week the present down move will be terminated most probably on Monday or Tuesday.

Friday, February 1, 2013

Grahanila(Planetary positions) as on 1st Feb 2013

As on 1st February, 2013 Sun, Mercury & Venus in Capricornus, Mars in Aquarius, Ketu in Aries, Jupiter in Taurus, Moon in Virgo and Saturn & Rahu in Libra. Planetary transits in February 2013 are 2nd Mercury -> Aquarius, 13th Sun -> Aquarius and 21st Venus -> Aquarius.
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 on 11th & 25th and upwards on 18th.