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Nifty in Sudha Daivatham band width.

The Friday the 19th December,2008 also defied the usual pattern of Fridays and closed at 3078 in Sudha Daivatham band width (3077-3263)with a gain of 17 points. It seems, the up move may be terminated at Sudha Daivatham (3178)as expected earlier. The next trend reversal possibility is after the no moon-day on 27th December 2008. But as stated earlier the MFs may try hard to lift the market up to 31st December to better their performances. However, high volatility also can be expected during this period.

Inflation figures lifts up Nifty

Nifty today(18-12-08)moved downwards as expected up to 11.00 a.m and touched the low of 2923. Soon after the release of latest inflation figures(6.84)it changed its direction and steadily moved up and closed at 3061 regaining all the losses of yesterday. Thus, Nifty may continue its upward journey a little more, reversing the indication given yesterday. As expiry of F&O positions for the December series are near by and the usual practice of Mutual Funds to jack up the prices of equities at the end of the year (31st December)to show better performances, high volatility is expected. Trade with caution.

Nifty up move ends @ boarder of Sudha Daivatham

To day(17th December,2008) Nifty's up move ended at 3076 ie. boarder point of Panchamam and Sudha Daivatham at 3077(Nifty future top was 3097). From now on the pending full moon effect, Friday decline etc will drag Nifty down to more than 300 points.

The Friday that defied the usual pattern

On computing the Soma-Surya levels for Friday the 12th December,2008 Nandi was puzzled. Contrary to the expectation of downward/same levels, they showed upward levels. After opening of the markets it seemed the expectation of downward movement on the full moon Friday was materialised. Later, Nifty climbed back and closed at 2921 with a gain of 1 point; indicating the implications of upward levels in Soma-Surya levels. It is to be studied further why this happened, despite the loss in all other markets (US & Asian) around 5 percent. It seems further steam is left to propel the Nifty to the Sudha Daivatham level(3178)as indicated on 7th December 2008. However, no purchase is advised as far as Nifty is below the Agni level. Agni level is moving up faster than Nifty which might be an indication of an imminent fall.

Nifty in Panchamam (old) band width

Nifty today (10-12-08) closed at 2928 in Panchamam (old) band width. As full moon is nearby, a down fall will be around the corner. Be ready to exit all longs when Nifty touches Agni level.

Up move expected

Last Friday Nifty movement was as anticipated by the visitors of Vipani Sangeetham as it was a typical Friday movement. Monday, after the cut in petrol & diesel prices by Central Government, cut in Repo & Reverse Repo rate by RBI and prospects of financial package by Prime Minister Dr.Manmohan Singh etc. definitely will give a boost to Indian market. So, Nifty may re-start its journey to Panchamam (2976), Sudha Daivatham (3178)levels as expected by Nandi last week. It is to be seen from where it retraces.