During May 2014, the month BJP leader Narendra Modi became the Prime Minister of India, Nifty scaled new highs @ 7564 on 16th May (declaration of election results) and closed its highest @ 7367 on 23rd May (before swearing in ceremony which was on 26th). Verily, both the above highs are stages according to music scales as shown in the chart above which was first posted on 6th December 2013. Nifty future high was 7625 on 16th May 2014.
Nifty started its up move on last Friday(9th May 2014)with a gain of 199 points. Up move
continued on 12th and 13th with gains 155 points and 95 points respectively. Then there was a pause for two days. Today(also a Friday) Nifty opened at 7270 (a gain of 147 points), moved up to 7564(441 points) as Election results indicated a clear sweep for BJP under the leadership of Narendra Modi, declined slowly to 7131(gain of 8 points only), again moved up to 7265 and closed at 7203 with a gain of 80 points. From the low of 6639 on 8th May to the high of 7564 today there was surge of 925 points. Though today's closing at 7203 is in N1, average is 7347.08 and hence N2(NM?). Intraday movements of Nifty during the last seven days are also given above.
As on 1st May 2014 Sun,Ketu & Mercury in Aries, Moon in Taurus, Jupiter in Gemini, Mars in Virgo, Rahu & Saturn in Libra and Venus in Pisces. Planetary transits in May: 15th Sun -> Taurus, 4th Mercury -> Taurus, 22nd Mercury -> Gemini, 23rd Venus -> Aries.
The planetary positions given above are at the time of Sunrise in India(Kerala) and conjunction effects on markets may be seen in countries (Asia / Europe / US) over which conjunction(0°)take places. As per above, Nifty may move downwards on 11th and 25th. When the angle difference between Moon and the planet is more than 5 degrees or conjunction occurs in Rasis(constellations) other than the Sun's Rasi, there may be a delay up to 24 hours in the conjuntion effect according to their positions.