Wednesday, October 23, 2013

Nifty moves down to Panchamam(P) and retraces


lalitlk said...

I am trying to understand the logic in your post.

First, you are taking note of Nifty at 9:15, 9:20, 9:30 & thereafter every 30 mins,
Swaram are based on numbers, e.g., SA=24x16x16=6144,
others are +/- 16.....

Did you publish any blog for/as explaination ? if yes, pl share.


Nandi said...

Dear Shri. Lalit,
What you refer is daily scale. Daily scale base is 256 and "SA" will be at every multiple of 256 (as you noted 6144 is 256 x 24). Carnatic music scale base frequency is 256 and that is subdivided through "Sa Ri ..... Sa." as seen in the table for recording Nifty points. Here it may be noted WD GANN uses figure 512 which is just double of it, and also 8 x 8 x 8.


Nandi said...

Incidentally today's low was 6143, very close to 6144. And 8 x 8 x 8 can be considered as a cube having length, width and height of 8.

Nandi said...

Today's closing is @ 6145