Thursday, May 23, 2013

Nifty retreats to centre of P(5952)


Today(23-5-13) Nifty opened at 6050 with a loss of 45 points, moved up to 6081 and descended steadily to 5956 (ie. centre of P - 5952) and closed at 5967 with a loss of 127 points . Nifty futures range was 6080 -> 5953, a loss of 127 points. Friday's Agni level is at 6020.
In the Grahanila post dated 1st May 2013 it was mentioned that 23rd will be a down day and today Nifty lost 127 points. From the table above, it can be seen that in addition to Moon & Saturn conjunction today Mars transited to Taurus. On 13th Mercury transited to Taurus and Nifty lost 127 points while Sun's transition to Taurus on 15th provided Nifty a gain of 151 points. In the next week Mercury, Venus and Jupiter transits to Gemini and let us see what are its implications.

2 comments:

stockscan said...

Sir,

Agni level is used as pivot calculated on daily basis. Have you tried it on different time frames ? Can it be used for other time frames like hour / week /month ? The same excel sheet can be used or need to do changes in the excel sheet for hour / week / month time frame ?

Thanks in advance.

Nandi said...

Dear Stockscan,
Nandi is a small retail trader and never subscribed to data feeds. Hence unable to comment anything on it.