Today Nifty closed at 8224 with a loss of 69 points. Highest Nifty close so far was 8588 on 28-Nov-14. Nifty was sluggish from 1st December onwards. Fast fall came from 8th December 2014, the day Jupiter went retrograde.
As on 1st December 2014 Saturn, Sun, Mercury & Venus in Scorpio, Mars in Capricornus, Moon & Ketu in Pisces, Jupiter in Cancer and Rahu in Virgo . Planetary transits in December: 5th Venus -> Sagitarius, 13th Mercury -> Sagitarius, 16th Sun -> Sagitarius, 29th Venus -> Capricornus.
The planetary positions given above are at the time of Sunrise in India(Kerala) and Moon's conjunction effects on markets may be seen in countries (Asia / Europe / US) over which conjunction(0°) take places. 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. As Moon conjuncts with Venus on 23rd Nifty may move downwards on 23rd. Moon conjuncts with Mars on market holiday and hence no effect. Since Jupiter is in retro from 8th December 2014 the market may be sluggish and even a reversal may be possible.