Wish a Happy & Prosperous New Year 2009

A word of caution

Wonder! Why Soma-Surya levels for Tuesday are down(Surya -105 points)when Nifty is 65 points up? While posting the last message on Sunday, based on Friday figures, Nandi was confident that the Nifty would regain on Monday what had lost on Friday, because Soma-Surya levels were almost same for Friday and Monday. More over Monday's Agni level was just 8 points up from Friday closing. Hence the mentioning of opportunity to buy. Now Nandi is not so sure that Nifty will touch Sudha Daivatham (3178) before coming down. Be on guard for any fall, apply strict stop loss / trailing stop loss. And never hold longs when Nifty touches the Agni level. This is just a word of caution.

Good Bye to the Year 2008

Only three days to say Good Bye to the Year 2008 during which financial Tsunami hit the Indian markets along with other world markets and swallowed more than 80 percentage of assets. Year 2008 will also be remembered as a dreadful year due to the terrorist attack on Mumbai and the formation of war clouds along the boarder with Pakistan. Perhaps, shadow of these war clouds might have dragged Nifty down last week to 2857 from 3078. Looking forward it is felt that Nifty may move up again as war clouds recede and close the year above Sudha Daivatham (3178) giving hope for the year 2009. As Agni level has receded Nifty may emerge out of Agni level giving opportunity for a buy.

Wish U a Very Very Happy X’mas

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.

Nifty above Agni level again

Today(4-12-08)up to 11.00 a.m Nifty remained below today's Agni level at 2666 in a range bound trading. After that it started to climb and closed at 2788 with a gain of 132 points. As up move may be limited to 2830-80 or dissipated as was happened on 1st December,2008 it should be ensured that all longs are exited once Nifty touches the Agni level again or even before that when ever there is reasonable profit.

Nifty slides back to Agni level

Today (1-12-08) Nifty opened firm as expected and moved to 2833. After the negative opening of European markets, it slid back through the Agni level at 2775 and closed at 2683,down by 72 points. Thus the up move anticipation has been dissipated and the immediate trend is down. Nandi always advised to exit all longs once Nifty touches Agni level and wait for the emergence of Nifty from the Agni level. Nandi apprehends that Nifty may retest the October low or even go below that during December, probably from the Full Moon Day ie. 12th December,2008.

Nifty up move expected

As F&O November series was settled on Friday the 28th November, the exceptional Friday effect is pending. Agni level for the day is 2775 just 20 points above the Friday closing. Hence Nandi feels that Nifty may move upwards a few days from Monday and may reach Pachamam (2976) or Sudha Daivatham level (3178).

Amavasi (Dark) day for Mumbai/India

To day, the 27th November,2008 was not just an Amavasi(no-moon) day, it was also an Amavasi (Dark) day for India. Both the Indian stock markets BSE & NSE remain closed due to the terrorist attack on the financial nerve centre of India, Mumbai. The target of terror was also very very sensitive to India, the Taj Mahal(that name represents India)Hotel near Gate Way of India and other 8 areas. Every Indian who had visited Mumbai once will have in memory the beautiful land mark building, the Taj Mahal Hotel, facing the Arabian sea. The unprecedented incidents and the loss of more than 101 valuable lives makes us very sad. Let us pray to the "one and only one" almighty God to bestow peace in the world.
As F&O expiry is rescheduled to tomorrow, this Friday(28th Nov 2008)will be really an Exceptional one due to the fact that this may be the only Friday on which F&O settlements were being arranged. Hence this Friday's movement of Nifty is unpredictable.

Down trend reversed on Exceptional Friday

Despite US/Asian markets down trend, on Friday (21-11-08)morning, Nifty opened firm, gained 100 points, lost all gains at 2.00 p.m and again surged up to 160 points and finally closed at 2694 with 140 points gain. That was the outcome expected by Nandi on the exceptional Friday. Now expect uptrend up to 27th November 2008,the Amavasi day. Usually it is a trend reversal day and also helps Nifty to move up. Since Nifty has started to move up from 21st it is to be seen whether the up trend will be continued or reversed. Being an exceptional Friday, on 28th also Nandi expects positive move.

Exceptional Friday

Nandi had earlier pointed out that generally on Fridays Nifty will move down wards and close in red; with two exceptions : 1. the first Friday that comes after F&O monthly settlements and 2. the Friday that comes after losses for last three/four days. Tomorrow the 21st November, 2008 comes under second category and hence Nandi hopes that there would be up move in Nifty. Let us see whether this time the hope fulfills or not.

By the way, it may be interesting to readers how Nandi had realised the above rule.
On Friday morning Nandi used to go to a temple in Trivandrum and pray to the powerful deity there. It was also observed that usually Nandi had lost money on Fridays. As there is no possibility that God will punish Nandi for trading in stock market, an analysis was done. Then it was found that Nandi always bought first and sold it later. Hence came the realisation of Friday general rule and later the exceptions.

Up move didn't sustain, further low in the anvil

Even though on 19th November, 2008 Nifty moved up at the beginning as expected, it didn't sustain. After 1.00 p.m. on accepting cues from European markets it moved down and closed lower than yesterday's at 2635 (Agni level for the day). Today opening will be a gap down as predicted by Chaitreya Sasthriji of Nifty Predictor (link already given by Nandi).

Nifty down continuously for last 5 days

Nandi hopes that today ( 19th November,2008) Nifty may not go below Agni level for the day (2634)and there will be opportunity to buy. As Nifty was down continuously for the last 5 days Nandi expects an upward move today or tomorrow.

Agni level receads and Nifty above Agni level

On 17-11-08 Nifty close was at 2800 where as Agni level for tomorrow ( 18-11-08) is 2723 only which generates a buy signal. %k of slow stochastic chart came down to 8.14 when Nifty was around 2700 level and that can be considered as a confirmation to buy. But considering the weakness in Asian markets in the opening of 18th November, 2008 Nifty may open weak and slide down wards. Therefore do not initiate buy if Nifty does not hold the Agni level at 2723.

India touches the feet of Chandra Bhagwan

Jawaharlal Nehru, the architect of modern India raised the flag of independent India in New Delhi on 15 August 1947. In his 119th birth day ie. 14th November,2008 Indian flag has been placed on the surface of moon by Chandrayaan -1. According to Nandi, India has touched the feet of Chandra Bhagwan for his blessings. Every object in the universe has spiritual body as well as physical body. Some people do not accept the existence of spiritual body and misses the essential part. Nandi observes the beneficial effects of Chandra on financial markets when he is near to Surya ie. a few days from Amavasi and the reversal of the same when he is away from Surya ie. on Purnachandra (full moon) day. Nandi believes that with the blessings of Chandra Bhagwan, India will fare better than other countries in the world in coming months.

Nifty's upmove reversed on Tuesday

In the last post (08-11-08) Nandi had written that the up move of Nifty from Friday afternoon was unanticipated and hence the up move will be a very short one. It became true when Nifty reversed (Tuesday),continued its down trend and closed at 2848 on 12th November . 13th November 2008 is a Full moon day & happily our CHANDRAYAAN -1 is doing "pradikshana" (moving around)of CHANDRA and we are proud that we could do it successfully in our First attempt itself. Being a holiday due to Guru Nanak Jayanthi we escaped from today's fall; Asian markets are down around 5 percent. It is possible that we may also see a small downward move tomorrow.

During all these days Nandi was talking about Entry and Exit in cash segment only. Now it is felt that a buy in Call Option when Nifty emerges from Agni level and switching it to Put Option when Nifty plunges in to Agni level can also be tried. Be limit it to one or two lots(50 Nos) and choose it from the most active three Calls/Puts. That way we can make use of the down/up ward move in Nifty to gain some amount. Otherwise we are just waiting Nifty to emerge from Agni level after exiting all longs. Who are not familiar with F&O segment may please stay away from these Call/Put Options. Nandi considers Cash segment as School level, Options as Pre-university level and Futures as College level. One should not go to higher levels unless he understands the lower level thoroughly.

Unanticipated up move

Even though on 5th November Nifty opened in up trend as anticipated it didn't sustain. Nifty plunged to Agni level and moved downwards and closed at 2995 on that day. Nandi hopes that the visitors of this blog exited at 3177, the Agni level for that day. Nandi did not anticipated the Friday afternoon up move, as the downward move was not deep enough as per slow stochastic figures ie. less than 20. For Monday ( 10th November ) Agni level is at 3051 and if Nifty moves beyond that point it is a buy. But Nandi feels that this up move may be a very short one.

Nifty to move up at least 35 points to escape Agni level

Today(4th November,2008) Nifty closed at 3142, below the Agni level at 3177. Hence Nifty should move up at least 35 points to escape from the Agni level. Considering the afternoon surge and the probability of its continuance tomorrow, 35 points gain will not be a problem. But, be on guard to exit all longs when Nifty touches Agni level in coming days.

Average loss of all NSE stocks at 72.25 percent !!!

Retail investors who had held all his stocks through out the crash on the belief that it will go up once he sell it, has lost severely. On an analysis, Nandi has found that from Jan 8, 2008 closing to Oct 27,2008 low, average loss of all NSE stocks taken together was 72.25 percent. A good number of stocks even lost in the range of 85-95 percent. In the history of Dow Jones loss was maximum at 89.2 percent in 1929-32. The bear market lasted for four and half years during 1937-42 and six months in 1962. All these figures highlights the importance of strict application of STOP LOSS, to which retail investors are mostly reluctant. During this year's crash most retail investors might have suffered heavy losses and might be thinking that he should have exited long ago instead of holding it tightly. Even now, exiting all longs when Nifty touches Agni level will reduce the loss. For that one should limit the number of stocks being traded and avoid stocks that hit lower circuit very frequently.

Near bottom - "no moon" effect - above Agni level

After breaking the Panchamam (old) band (2899), Nandi's downward target for Nifty was Shadjam(1984) or at least 2050 (mid point). Today (27th Oct 08) Nifty touched Chatusruti Rishabham (old) level at 2253 and bounced back to close at 2524. Tomorrow being an Amavasi(no-moon day)a trend reversal was expected and it happed today. Nandi does not think Nifty has bottomed out to day at 2253. It may be a temporary bottom for a few days and expect the breach of the same in next round. If it does not happen, well and good; Nandi does not have any dissatisfaction over it. But he observes that Nifty's up move from 2003 Shadjam at 992, 2005 Shadjam at 1984 and 2007 Shadjam at 3968 were started in the months of April-May. Hence there is ample time for a retest of the low formed today. As the Nifty closing is at 2524 it is now above the Agni level at 2472 and indicates a buy. But remember to exit all longs when ever Nifty touches Agni level again.

HAPPY DIWALI TO ALL INVESTORS & TRADERS

Nifty's move predefined !!!

Nandi's first post had the assumption that the "path of Nifty is predefined and it can be predicted using some of our ancient scripts or systems". Nandi is now glad to note that Shri Chaitreya Shastriji (Nifty predictor) had predicted today's movement of Nifty perfectly and with timing of the peak point.For the last one week Nandi had been observing his views in his blog Niftypredictor(prior to that in vfmdirect forum)and found that his prediction carry conviction. So Nandi is providing a link to his blog for the benefit of visitors.
On the market Nandi is nothing more to say at present. Let Nifty complete its downward movement.

Nifty moves to Panchamam in old scale

Nifty has almost reached Panchamam (2976) in old scale. If the downward move continues, the logical conclusion is Shadjam. Most of us had not experienced such a situation (many in US compare it to 1929-32 depression)and hence uncertain about the exact impact of it. Further, the world has changed much during the last 75 years. For checking the levels please refer the post Nifty breaches 3800 levels and carnatic old scale posted on 6th October, 2008.

What a fall & What a bounce !!!

Today(16-10-08)as anticipated, at the opening Nifty plunged to 3150 level and moved downwards to 3100. From 3100 it bounced back as apprehended in the last post, to 3329 level (just 9 points down from yesterday closing of 3338)and gave a feeling that Nifty may close in green before moving down and closed at 3269. That is, a clean recovery of 97 percent(or 230 points)in the day when all US and Asian markets are down by 5 to 11 percent. It is really fantastic and gives hope for a continued uptrend for tomorrow.

Nifty may plunge to Agni level today

As US markets and Asian markets are 5 to 8 percent down, Nifty will open below the Agni level(3300 on 16th Oct 08)and move further downwards. But, a bounce today cannot be ruled out considering the 1%CRR cut and other measures by RBI.

Nifty in Chatusruti Daivatham

Contrary to the expectations of Nandi that Nifty may move up to the level of Shadjam, on 10th October 2008 accepting cues from world markets, Nifty moved down to Sudha Daivatham level at 3178 (exact low was 3199 ) before closing at Chatusruti Daivatham band width at 3280. Till now, Nifty has moved down from Sudha Daivatham (6355) to Sudha Daivatham (3178) in old scale ie. ½ of 6355. In normal circumstances this is the maximum that Nifty can come down. But, since the current situations are not at all normal and all world markets are in turmoil under the present circumstances more down ward move can not be ruled out.

Nifty pauses at Chatustruti Daivatham level and returns

As opined in the last post dated 6-10-08, Nifty moved downwards and paused at Chatustruti Daivatham level at 3348 ( exact point at sun outage period was 3353) on 8th October, 2008 and returned to close at 3514; a recovery of 66 percent or 184 points. Nandi is unable to explain why he used the word “pause” and why Nifty was at that point at the time of sun outage the period Nifty was frozen. Now looking forward a small up move may be possible and that may terminate in the Shadjam bandwidth ie. 3800-4100. Let us see what really happens.

Nifty breaches 3800 level and enters old scale

In tune with the World markets, Nifty breached the level of 3800 so far held strongly and closed the day (6th October,2008) at 3602. Today’s low at one stage was 3581 ie. Kaisiki Nishadam level at 3573. So Nandi is posting the old scale ie. frequency multiplied by 7.75 and the new scale ie. frequency multiplied by 15.5 and mid points of swara’s. As Nifty high reached in January 2008 was Sudha Daivatham ie. 6355, Nandi feels that the maximum low that can be expected is Sudha Daivatham in old scale ie. 3178 or next lower level of Panchamam at 2976. In between there is Chatusruti Daivatham level at 3348 where Nifty may have a pause. From today onwards it seems that the movement of Nifty is having a bearish tone till it crosses again the level of 3800.
Swaram.............Freq ; Freq x 7.75 ;Mid Point ;Freq x 15.5 ; Mid Point
Shadjam............512 ; 3968 ;3844 ; 7936 ;7688
Kakali Nishadham...480 ; 3720 ;3646 ; 7440 ;7293
Kaisiki Nishadham..461 ; 3573 ;3460 ; 7146 ;6921
Chat. Daivatham....432 ; 3348 ;3263 ; 6696 ;6526
Sudha Daivatham....410 ; 3178 ;3077 ; 6355 ;6154
Panchamam..........384 ; 2976 ;2899 ; 5952 ;5797
Prati Madhyamam....364 ; 2821 ;2732 ; 5642 ;5464
Shudha Madhyamam...341 ; 2643 ;2561 ; 5286 ;5123
Anthara Gandharam..320 ; 2480 ;2430 ; 4960 ;4859
Gandharam..........307 ; 2379 ;2306 ; 4759 ;4611
Chat. Rishabham....288 ; 2232 ;2174 ; 4464 ;4348
Sudha Rishabham....273 ; 2116; 2050 ; 4232 ;4100
Shadjam............256 ; 1984 ; 3968 ;3790

Nifty decoupled with US & Asian markets

Nandi's today's feeling that Nifty should decouple with US /Asian markets and retain the level of 3800 was right. Even though in the beginning Nifty moved down to 3715 it bounced back smartly and closed at 3921. Nandi expects Nifty to move up for a few days.

It is time to decouple with US markets

On Monday (29th Sept 2008) closing Dow Jones is down by a huge 777 points. Asian markets also have opened very weak. Therefore chances are that Nifty will follow suit. Nandi feels that Nifty should hold the 3800 level and decouple with US market. Otherwise Nifty's maximum downward target is Sudha Daivatham level in earlier carnatic scale ie. 3178. Let us see where the downward journey ends.

Nifty again in Shadjam.

Again Nifty moved down to Shadjam and closed the week at 3985.25. As Monday the 29th Sept 2008 is a no-moon day trend reversal may happen. No change in the view expressed in the last post till the level 3800 is maintained.

Nifty again in Sudha Rishabham

On 19th Sept 2008, Nifty moved up steadily and closed the day at 4245, the level Nandi anticipated in his yesterday’s post. The movement of Nifty during the week passed by was very swift and unparallel. On 12^th Sept 08, the last Friday, Nifty’s close was at 4228. Due to the turmoil in the financial systems of USA, from Monday onwards it started to climb down and at the opening on Thursday (18^th Sept 08) the low of 3800 (3799.55 exact) which was anticipated in Nandi’s post dated 3^rd & 8^th Sept 08 was touched and thereafter moved up very swiftly and closed the day at 4038. On Friday the 19^th Sept 08, Nifty started with a gap up opening of 140 points and moved further upwards (63 points) to close the week at 4245. That is, a fast 873 points movement within a week.

In Sanskrit “Rishabham” means “Bull” and Nandi feels that as far as Nifty maintains the lower limit of Rishabham band width ie. 4100, the Indian market is in Bull phase. From 4100 to 3800 it is Shadjam a neutral zone. Unless Nifty closes below 3770 and enters the earlier Carnatic scale, it can not be termed as a Bear phase. In both July and September 2008, the level 3800 was held strongly and refused to let Nifty move below that level. Another interesting fact is that, there is no “Bear” in Carnatic Music. Animals and birds linked to Carnatic music in Sa RI Ga Ma Pa Da Ni order are Peacock, Bull, Goat, Crouncham, Kuil, Horse and Elephant. Nandi felt happy as he heard Shri. Rakesh Jhunjhunwala, the well known Indian personality and prominent investor saying that the Indian market is in Bull phase it self, as it supports the view taken by Nandi. In this connection Nandi is of the opinion that the ill fated bull erected in front of the Bombay Stock Exchange, Mumbai be replaced with “Nandi” the vehicle of lord Shiva not only to have a link to our 5000 years old tradition but also to get beneficial effect to the stock market. Whether you noticed or not, after entering to “Vipani Sangeetham”, you might have chanted “Namashivaya” openly or mentally at least three times which is beneficial for India and to the world in general.

The next stage Nifty is expected to move now is crossing of midpoint of Sudha Rishabham & Chatusruti Rishabham (4348) and to Chatusruti Rishabham (4464).

Om again and phenomenal up swing

As expected, Nifty once again touched 3800 level (Nandi called 'Om' earlier ) and made a phenomenal up swing not only to cover all losses ( 208 points) but also gained 30 points. It was really unbelievable. In July 2008 Nifty took 4 days for the movement from 4039 to 3800 and back to 4000 plus. Nandi don't know whether this can be called a double bottom, and if so, its implications. On going through the vfmdirect forum comments Nandi was just thinking whether this time the level of 3800 will be breached and Nandi had to post the earlier scale in carnatic music ie. frequency multiplied by 7.75. In that scale 3770 is the midpoint between Kaisiki Nishadam and Shadjam. Nandi now expects Nifty to move to Sudha Rishabham ( 4232 ) level once again and recite "Stayi" ( playing within one swaram) for a few days before its next move.

Another Full Moon day crash

Even though the fall was expected and indicated earlier, the magnitude of today's fall was beyond expectation. Though the news of American financial firm Lehman Brothers filed petition for bankruptcy was the cause of the crash today, it came on a Full Moon day and added one more full moon day crash in the stock market.

Soma & Surya levels are being worked out from the Call & Put figures of previous day. In the days such as today it has very little relevance. Hence, the absence of these figures.

Nifty came down to Sudha Rishabham level

Today Nifty close at 4290 is in the Sudha Rishabham area
( Upper boundary : 4348 Center: 4232 Lower boundary :4100).
If it goes down to 4232 - 4100 then 3800 is a definite possibility.

Nifty still in Rishabham

Despite Monday's gap up opening and 130 points gain in closing on 8-9-08, Nifty closed at today's Agni level (4483) only. Nifty is yet to cross Rishabham bandwidth. It has to cross at least 4611 to enter the area of Gandharam. For a positive view on 9-9-08 Nifty should close above the Agni level at 4522.

Nifty in Rishabham itself

This time Nifty stayed in Rishabham band itself and does not touch even Gandharam band. %k in slow stochastic above 90% and hence upward move very limited. Therefore Nifty may start moving down. Below Rishabham band (4100) it may touch last low of 3800.

Ganesh Yanthra and Gann’s 360 degree analysis

While posting the Ganesh Yantra earlier and pointing out the relation it has with Elliott’s Wave Theory, Nandi was not aware of Gann’s 360 degree analysis. Elliott’s reference of pyramids was just given as a passing reference. Recently, it was revealed to Nandi that Ganesh Yanthra is having pyramids in it. Ganesh Yanthra is a three dimensional object and what you see is the view from the top. The two triangular based pyramids and two square based pyramids with its tip at the central point can be imagined without much difficulty. What fascinated Nandi was the central Shakthi triangle (triangle in which two sides emerge from the bottom point) based pyramid, where he could see the representation of entire Shiva family. The three corners of base triangle represent Shiv, Parvathi and Ganesh (bottom corner) and the top of the pyramid represents Shanmugha. See how nicely it matches with Palani hills and the fact that lord Shanmugha has chosen Peacock as his vehicle. As Ganesh is also having the name “Shivaroopa” and Astadalapadma ( Eight petal lotus) represents Shiva, Ganesh Yantra is also related to Lord Shiva.

In Gann’s theory, multiples of angles of 30 degrees and 45 degrees are used for calculations. In Ganesh Yanthra, on moving anticlockwise from the bottom, we see multiples of angles of 45 degrees (tip of each petal) and 60 degrees (corners of intersected triangles). The additional angles in Gann are 30 x 1, 30 x 5, 30 x 7, 30 x 11 all of which are in 15 degrees or less from an angle derived as stated above. Some other aspects like vibration as stated by Gann are yet to be understood. Let us hope it will also be revealed.

Awaited up move from Friday ?

Dow Jones up around 200 points at 12.00 midnight on 28-8-08 and inflation figures released today is marginally lower than last week. Further 29-8-08 is a Friday after the settlement of F&O positions. All these factors are favorable for a smart up move for Nifty.

Blog Camp held in house boat, Alappuzha on 16th August, 2008

BlogCampKerala held in the air conditioned first floor of the double decker house boat of Kerala Tourism Development Corporation at Punnamada Kayal, Alappuzha on 16^th August, 2008 was a memorable event. It brought back the sweet memory of such a voyage in Mandovi River, Goa more than a decade back. Mandovi River voyage was in the night and this was in broad day light. We the attendees of the camp entered the boat at 10. 30 a.m. and around 11.00 a.m. the boat started moving through the Nehru Trophy Boat Race area and moved to Nedumudi and later to Champakkulam. On enquiry it was gathered that there are at least 350 house boats at Alappuzha and 30 more are added each year. The water front was unimaginable until Nandi saw it. It is similar to a well planned 250 feet road network in a major city with crossings at important places. Nandi could read the boards displaying the distances to Kottayam, Champakkulam etc placed in the cross sections of the water path. Both sides of the canal were beautifully filled with paddy fields below the water level, coconut trees, green bushes, houses, churches and large water areas that was marvelous to look at. On the way to Champakkulam food which was prepared in the house boat itself was served and it was very tasty.

Blog Camp was attended by around 100 participants from out of 175 registered. The participants having the age of fingers of one hand multiplied by fingers of both hands (5 x 10) was less than fingers of one hand. Most of the participants belonged to the age group of 20 – 35 and majority from the IT sector. Mr. Kenney Jacob was the brain behind the BlogCamp Kerala initiative. Mr. Kenney has been instrumental in the overall organization of the unconfrence. He deserves all credit for actually making this camp a success. More details can be collected from www.blogcampkerala.com

Other than Shri Chandrasekharan Nair known as Kerala Farmer in blogworld & Shri Vellayani Vijayan whom Nandi met in the Jana Satabdhi train from Trivandrum to Alappuzha , a few more names is to be mentioned. Shri Sajjiv Balakrishnan the fat cartoonist was the most active in the group and visit him at http://keralahahaha.blogspot.com/. He made caricatures of almost all participants of the blogcamp and handed it to the persons then and there. He took just one minute to draw a caricature and was very patient to entertain all the participants who sat before him. It was really an incredible feast. Shri. Sujith, the media man covered the event by words and photos. He showed interest in the theme Nandi blogs on. The next one is none other than “Meri Awaz Suno” fame Shri Pradeep Somasundaran who demonstrated the immense possibilities of music recording, editing and giving special effects. His audio blog www.pradipsomasundaran.com/musicblog.htm is a must visit for music lovers. Film songs in Hindi, Tamil, Malayalam and Telugu and songs in English, Japanese sung by this famous play back singer can be heard through his blog. The BlogCamp high lights also can be seen here. Nandi was interested in the conversion of music in to figures and the play back singer told that there exists costly software that show frequencies of music while playing the song. Some day Nandi may get an opportunity to see it in action.

Back to market: Nandi’s expectation of Nifty’s move to Gandharam (4762) / Anthara Gandharam level (4961) is yet to be materialized. Nifty stayed in Rishabham band width and is expected to be there up to 28^th August, 2008.

Computer system failure

From 16th August onwards Nandi's computer system had trouble in booting. Hence unable to update the figures and upload new postings. Today C partition has been formated and OS installed afresh. But some important settings and files has been missing/lost. It may take a few days to recreate some of the essential files and create settings required. Some postings including the details of Blog Camp Kerala held on 16th August 2008 in the House Boat (owned by Kerala Tourism Development Corporation) floating on the waves of Punnamad Lake, Alappuzha is pending. Nandi will post it in due course.

By going through the Niftly closing point, Agni level, and the %k values of slow stochastic chart, Nandi feels that buying opportunity may emerge on 19th or 20th August.

Gann date chart - reposting

It has been found that in some browsers yellow and red color only appeared in Gann date chart posted yesterday and unable to assimilate the design in it. Hence it is posted again. Please note that the dates on which blue color is given is expected to be an up day for the market.

15-Aug-08	16-Aug-08	17-Aug-08	18-Aug-08	19-Aug-08	20-Aug-08	21-Aug-08
14-Aug-08	28-Jul-08	29-Jul-08	30-Jul-08	31-Jul-08	01-Aug-08	22-Aug-08
13-Aug-08	27-Jul-08	18-Jul-08	19-Jul-08	20-Jul-08	02-Aug-08	23-Aug-08
12-Aug-08	26-Jul-08	17-Jul-08	16-Jul-08	21-Jul-08	03-Aug-08	24-Aug-08
11-Aug-08	25-Jul-08	24-Jul-08	23-Jul-08	22-Jul-08	04-Aug-08	25-Aug-08
10-Aug-08	09-Aug-08	08-Aug-08	07-Aug-08	06-Aug-08	05-Aug-08	26-Aug-08
02-Sep-08	01-Sep-08	31-Aug-08	30-Aug-08	29-Aug-08	28-Aug-08	27-Aug-08

Last Surya grahana bad for US and good for India?

The last Surya grahana (Solar eclipse) day ie. Friday the 1^st August 2008 had different effects to US and to Indian markets. Accepting cues from US/Asian markets Nify also went down to Sudha Rishabham level of 4235 (from the previous day close of 4333), steadily gained strength, went up to 4423 and finally closed at 4414. As in the waves of the ocean, markets will also have strong waves on Pournami (full moon) and Amavasi (no moon) days especially on Solar/Lunar eclipse days. On eclipse days Soma (Moon), Surya (Sun) and Bhumi (Earth) comes in a straight line that imparts maximum powers to the waves (ocean and market). But the direction of the waves will be unknown. For that some other factors are also to be taken in to consideration. Nandi had earlier observed that on Fridays coming after the settlement of F&O positions (definitely a Thursday), Nifty generally closed with gains (a few exception like last month is there). Further, it was an up day in the Gann date chart Nandi had drawn based on the day when he felt the “Om” wave ie. 16^th July, 2008 which is given below.

15-Aug-08	16-Aug-08	17-Aug-08	18-Aug-08	19-Aug-08	20-Aug-08	21-Aug-08
14-Aug-08	28-Jul-08	29-Jul-08	30-Jul-08	31-Jul-08	01-Aug-08	22-Aug-08
13-Aug-08	27-Jul-08	18-Jul-08	19-Jul-08	20-Jul-08	02-Aug-08	23-Aug-08
12-Aug-08	26-Jul-08	17-Jul-08	16-Jul-08	21-Jul-08	03-Aug-08	24-Aug-08
11-Aug-08	25-Jul-08	24-Jul-08	23-Jul-08	22-Jul-08	04-Aug-08	25-Aug-08
10-Aug-08	09-Aug-08	08-Aug-08	07-Aug-08	06-Aug-08	05-Aug-08	26-Aug-08
02-Sep-08	01-Sep-08	31-Aug-08	30-Aug-08	29-Aug-08	28-Aug-08	27-Aug-08

Now you also know why Nandi expected a bull move on 1^st August, 2008, and what happened thereafter. Off course Nandi also believes that the grace of Lord Shiva will be with him to fulfill his expectations.

Ill effects of Solar Eclipse (Surya Grahana)?

American and Asian markets tanked more than 2 % to day(1-8-08) the Solar Eclipse day contrary to Nandi's expectations. Indian market also to follow the same. Traditionally we were looking Surya Grahana (Solar eclipse) as a time for bad things. Be cautious today.

Nifty above Agni level.

Nifty today closed at 4314 above the Agni level of 4303. Tomorrow’s Agni level is 4225 only. Hence, Nifty’s tomorrow opening position is 89 points above the Agni level. If Nifty does not touch Agni level, fresh buy can be considered. As the Nifty moved up today, %k of slow stochastic didn’t come below 32. Being F&O settlement day and VIX is very high @ 51.72, high volatility is expected.

This Friday, not only a no moon day, but also a solar eclipse day. Even though Nandi is not having prior data for an eclipse day, he expects a bull move on that day. Let us see whether it materialises or not.

Om Na Ma Shi Va Ya !!!

During the week prior to the last week, Nandi was keenly watching the movement of Nifty as it hovered around the bottom area of Shadjam bandwidth @ 3800. Then Nandi felt a soft and gentle ‘Om’ wave moving in the air. It is neither an up move nor a down move; but just a horizontal one. That “au…m” filled up two gaps that puzlled Nandi’s mind after the creation of “Vipani Sangeetham”. To match with the Elliott’s wave pattern, Nandi had dropped “Om” from the traditional manthra which the Indian Rishi’s gave to the world. Another gap was that the left padam (foot) of Nataraj idol on which Nandi identified Elliott’s five waves, was parallel to the ground just before the start of the first wave “Na”. As this aspect is not apparent in the Nataraj idol (downloaded from the web) posted earlier in the site, Nandi is posting the Nataraj idol which he received from his fellow workers as a memento. Thus, we are having the same age old “Om Na Ma Shi Va Ya“ manthra here also. And a small horizontal zero’th wave is required to be added to the Elliott’s waves to make it match with the centuries old Nataraj idol. In this digital age starting with zero is the correct one also.

Coming back to the current market scenario, Nandi feels that Nifty should be in the Rishabham bandwidth itself ( above 4100) to retain this uptrend in tact. Otherwise, touching the recent low again becomes a possibility.

Just figures updated.

Todays figures also added to the last days figures. No change in the view expressed.
Just note the change in Nifty closing figures and Agni level.

Date	Nifty Closing	Next day’s Agni level	Difference
17th July 2008	3947	3793	154
18th July 2008	4092	3862	230
21st July 2008	4160	4055	105
22nd July 2008	4240	4272	- 32
23rd July 2008	4477	4495	- 18