Wednesday, February 8, 2017

Nifty movement on RBI Credit Policy Day

RBI kept its repo rate on hold at 6.25 percent for a second straight policy meeting announced today at 2.30 p.m. Nifty opened at 8775, moved down to 8715 after policy announcement, moved up to 8791 and closed at 8769 with a gain of just one point.

6 comments:

Sonu Bhatia said...

Nandi, no major fall has been seen post Monday,what is your take a sharp buying was seen in last 30 min.

Nandi said...

Dear Sonu,
Similar to the movement of a stone thrown straight upwards acceleration of a planet slows, stops and retardation starts. As seen in the instances mentioned above exact date cannot be predicted. There may be a difference up to 14 days between the conjunction and market effect. It may also be noted that as said in the comments "with one or two correlations we cannot judge any thing. Just wait and see

karthi Deivendran said...

Dear NANDHIJI,

Nifty closed above Agni but rsi is above 72. How can we trade in this situation

Nandi said...

Dear Karthi,
Since Nifty daily RSI is above 72(ie.72.81) it's not advisable to take fresh long positions, as Nifty can start it's down move any time from now. Avoid taking long positions at this stage even if Nifty is above Agni level.

Best wishes

Sonu Bhatia said...

Dear nandi,
Can u tell me wha happens if RSI is above 70 in the past and what is the astro combination for the next few weeks.

Nandi said...


Dear Sonu,
Please go through the "vipanisangeetham" post dated 30th November 2016. Astro positions and transits are given in the "Grahanila" post dated 1st Februvary 2017.