Sunday, April 19, 2015

Testing time ahead: will Nifty visit 7936 by 14th May?

Going through the post dated Friday, June 13, 2008 , where the concept of "vipanisangeetham" was first introduced is essential now. It was presumed that Nifty may move to Shadjam level during Malayalm month Medam (14th April to 14th May) in odd years, based on the levels from 2003 to 2007. As can be seen from the first table, the presumption didn't held good in 2009 (Nifty moved past Shadjam on re-election of Dr.Manmohan Singh government and visited the level on 13-7-09), 2011 and 2013. However, during Medam in 2011 and 2013 Nifty visited the Panchamam level. It was gathered that when carnatic music was originated, there were only two levels Shadjam and Panchamam and these levels have only one position even now unlike other levels where two variants are there. So, the earlier presumption is to be modified and read as "S&P Nifty may move to S(Shadjam) or P(Panchamam) during Medam(Aries) in odd years". 2015 being an odd year and it's Medam we have to see whether Nifty will visit Shadjam (7936) before 15th May 2015. If not, Nifty may as in the year 2009 (since Nifty has moved past Shadjam level on Mr. Narendra Modi becoming the Prime Minister) re-visit Shadjam later in this year. Let us wait and see what's Nifty's choice.