നവവത്സരാ‍ശംസകള്‍

31st December,2009 - Special in many respects

Today(30-12-09)after moving in a narrow range of 37 points, Nifty closed at 5169 with a loss of 19 points. Tomorrow's Agni level is at 5291 near the centre of Sudha Madhyamam. 31st December,2009 is a special day in many respects as given below and market may witness surprise movements.
1. Last trading day of the year having F& O settlement.
2. A "Blue Moon" day - Second full moon in a calendar month, a rare event.
3. Partial lunar eclipse occurs between 12.18 to 1.25 midnight. Lunar eclipse starts just 18 minutes after the start of New year 2010 in India.

Nifty closes flat at 5188 (R20A4)

Nifty closed flat at 5188 (R20A4 - same as Thursday). Tomorrow's Agni level is 5229, which is above the Nifty close today and hence warrants caution.

Expect centre of Sudha Madhyamam (5286)

On 24th December,2009 Nifty closed at 5178 with a gain of 33 points after breaking the earlier high of 5183 and reaching 5198. The following was the post dated 6th December, 2009."As the low of 10 day range 5038 - 5183 has already been broken, high may also be broken and Nifty may close at the centre of Sudha Madhyamam (5286) before the end of 2009." Now the upper limit has also broken. So, expect 5286 before the end of year 2009, once the psychological barrier 5200 is broken.
Tomorrow's Agni level is at 5121.

Merry Xmas & a Happy New Year

Fantastic Santa Claus Rally - Nifty in Sudha Madhyamam

Yesterday was the lowest range and swaram in single stage "Pa". Today not only yesterdays shrinkage covered, but more than normal rise with 160 points gain (Nifty close at 5145) and swarams "Da,Ni,Sa & Ri". If Nifty moves above "Ga" (5192), then definitely centre of Sudha Madhyamam (5286) can be expected. As said earlier , the day Mangal(Mars) went "vakri" (retrograge) ie. 21st December, 2009 was the turn around day and that day's close at centre of Anthara Gandharam (4960)was the base for today's up move. Forth coming holidays does not seem an issue at all as feared in yesterday's post. If it is, it will be reflected tomorrow.

Nifty range lowest - just 26 points

Today(22-12-09)moving in a very narrow range of 4971 - 4997, Nifty closed at 4986 with a gain of 33 points. Nifty futures range was the lowest (4967 - 5000; difference of just 33 points)since February, 2009. Tomorrow's Agni level is at 4944. As there is four days continuous trading holiday from 25th December, 2009 the strength of upward movement will be limited. A close again in the centre of Anthara Gandharam (4960)during this week also cannot be ruled out.

Nifty closes at the centre of Anthara Gandharam

"The down trend may terminate around Anthara Gandharam centre (4960) and may turn upwards. If down trend does not terminate at 4960, deep correction may follow." This is what yesterday said. Today(21-12-09)Nifty closed at 4953(R19A6 = 4960 in chart) with a loss of 35 points. Let us see whether Nifty will move up tomorrow and close in green. Agni level for tomorrow is 4949 only.

Nifty may touch centre of Anthara Gandharam(4960)

On Friday(18-12-09), up to 14.00 Nifty was above 5000 levels, but after that it swiftly declined to 4979 and closed at 4988 with a loss of 54 points. After 11th December, 2009 the day when it touched the recent high of 5183, Nifty futures high was steadily declining to 5188,5168,5125,5072,5068 and 5049. Friday's Nifty futures low was 4972. The down trend may terminate around Anthara Gandharam centre (4960) and may turn upwards. If down trend does not terminate at 4960, deep correction may follow. Tomorrow's Agni level is at 4966.

Nifty closes flat at 5042 (R19A11)

After a volatile movement in a range similar to yesterday ie. 5013 - 5064, Nifty today (17-12-09) closed flat at 5042 itself. At the closing time, Nifty was at today's Agni level at 5035, proclaiming a neutral stand. Tomorrow's Agni level is at 5007, ie. average of last two days lows.

Market timing changes (NSE & BSE) postponed to 4th January, 2010 due to wide spread protest from brokers and trading community.

Nifty close above Agni level

After moving in 5002 - 5067 range, Nifty closed flat(R19A11) at 5042, above the Agni level for tomorrow at 5035. As the low of 10 day range 5038 - 5183 has already been broken, high may also be broken and Nifty may close at the centre of Sudha Madhyamam (5286) before the end of 2009.

Please note the Change in Market(NSE) timings From Friday, December 18, 2009:
9.00 a.m. to 3.30 p.m.

Nifty descends & breaks the 10 days trading range

As anticipated in the last two days postings, Nifty has today(15-12-09) broken the last 10 days trading range of 5183 to 5038 and descended to 5018 before closing at 5033 with a loss of 73 points. As Soma level for tomorrow is at 4944 and centre of Anthara Gandharam is at 4960 Nifty may bounce back from this area. Tomorrow's Agni level is at 5078.

Astro facts for 16-12-09 are
1. A no-moon day
2. Sun moves from Vruschikam(Scorpio) to Dhanu(Sagittarus)
3. Moon-Venus conjunction in Vruschikam (Scorpio). As Vruschikam (Scorpio) is 180 degrees opposite to Moon's favorable position (Edavam-Taurus)down fall will be less.

Nifty near top of Anthara Gandharam (20x) - 8th day

After swinging between 5090 to 5157, Nifty closed at 5106 with a loss of 11 points only. Though Nov inflation rose to 4.78% vs 1.34 in Oct its effect was not reflected in market, may be due to good news from Dubai. Break out from the 5038 to 5183 range awaited. Tomorrow's Agni level is at 20x ie. 5119.

Weekly close also at 20x = 20 x 256 = 5120 - 7th day

Today(11-12-09)also Nifty made an up move that crossed even the high made on 20th October, 2009(5181.95) and made a new high of 5182.55 at 12.00 noon. But, instantly Nifty decented to 5128 at 12.03, 5103 at 12.14 and 5088 at 13.07. However, the closing was at 5117 ie. exactly at top of Anthara Gandharam (R20A0 - refer chart). Thus, the weekly closing of Nifty is at 20x and the closing near 20x (ie. swaram Sa, Ri) during December, 2009 so far is the 7th day. Next week, the 150 points range between 5038 to 5183 maintained from 1st to 11th December,2009 may be broken and Nifty may move downwards, as today's Nifty close is below the Monday's Agni level at 5145.

Nifty at top of Anthara Gandharam (20x) - 6th day

Today(10-12-09) Nifty closed at 5135 with a gain of 23 points, still around 20x. Nifty has to move above 5192 first to move up further and close at centre of Sudha Madhyamam (5286). During this month attempts have been made to move up above that level with out success. Till it moves above 5192 preferred view is downward, with a close below centre of Anthra Gandharam (4960) as confirmation. Tomorrow's Agni level is at 5118.

Nifty at top of Anthara Gandharam (20x) - 5th day

Today(9-12-09)Nifty closed at 5112 with a loss of 36 points. Including today, Nifty was closing at 20x (20 x 256 = 5120; plus or minus 12 points ignored) 5 days out of 7 trading days in December,2009. Nifty view remains same as expressed yesterday. Tomorrow's Agni level is at 5107.

Nifty in Sudha Madhyamam

As anticipated, Nifty today(8-12-09)moved up and by 10.20 covered yesterday losses. After that it declined and moved marginally to negative territory to bounce back and close at 5148 with a gain of 81 points. This level is same (RI) as that of the closing on Muhurat day trading. As stated earlier Nifty has to move above 5192 first to move up further and close at centre of Sudha Madhyamam (5286). Till then, preferred view is downward, with a close below centre of Anthra Gandharam (4960) as confirmation. Tomorrow's Agni level is at 5132.

No change in the Nifty view expressed yesterday

Today(7-12-09)Nifty closed at 5067 with a loss of 42 points. Nifty low declined to 5052 from yesterday's 5082. Tomorrow's Agni level is at 5140. As Soma-Surya levels are same for tomorrow, today's loss can be recovered tomorrow.

Nifty near top of Anthara Gandharam (20x) - 4th day

On Friday (4-12-09)Nifty closed just below 20x at 5109 with a loss of 23 points.
Last 4 days'Nifty Open, high, low, close were as given below
1-Dec-09 5039.70 5130.35 5038.85 5122.00
2-Dec-09 5122.75 5161.75 5111.75 5123.25
3-Dec-09 5124.55 5181.00 5106.60 5131.70
4-Dec-09 5131.70 5161.80 5081.85 5108.90
ie. Nifty close were 20x ( that is 20 x 256 = 5120) plus or minus 12 or the swaram Sa/Ri. For a clear direction to emerge, Nifty has to break this range on closing basis. As it stands now, the bias is downwards since Nifty closure was below Agni level for tomorrow at 5192 and lows were decreasing during the last three days. However, for confirmation a close below Anthara Gandharam centre (4960) is required. A move above Agni level at 5192 can take Nifty to Centre of Sudha Madhyamam (5286).

Nifty in Sudha Madhyamam, but below Agni level

Nifty today (3-12-09) moved to the area where it moved on 20th October, 2009 and again touched 5181 and declined to the level it was yesterday at the time of closing(5122). On averaging, Nifty closed at 5132 with a gain of just 9 points. However, that makes it to the level Sudha Madhyamam ( above 5123). But tomorrow's Agni level is at 5171 which is above the Nifty closing today which indicates that down move is around the corner. Avoid fresh buying when Nifty is below the Agni level.

Shashi Tharoor on India's 'soft power'

Being a voter of the Trivandrum Parliament Constituency, from where Shri Shashi Tharoor, Minister of State for External Affairs has been elected as a Member of Parliament, Nandi is proud to give the link below of the inspiring speech made by him. Being an Indian it is worth hearing. Please go to this link and hear it http://economictimes.indiatimes.com/tv/Shashi-Tharoor-on-India-s-soft-power/videoshow_ted/5284245.cms

Nifty at top of Anthara Gandharam (R20A0) - 2nd day

After opening at 5162 with a gain of 40 points Nifty today (2-12-09)descended to 5112 and closed flat at 5123(20x) with a gain of just 1 point. Today being a full moon day, trend reversal was expected till day before yesterday. But seeing the strength of Nifty up move yesterday it became doubtful. However, Nifty's up move was came to an end and Nifty even slid to negative territory, as cautioned on 30th November,2009. Tomorrow's Agni level rose to 5070. Let us see how Nifty moves tomorrow.

Nifty close at top of Anthara Gandharam (R20A0)

After opening with a gain of 34 points Nifty steadily moved up and closed at 5122 (R20A0 or 20x - top of Anthara Gandharam) with a gain of 89 points. As Nifty is not showing any tendency to reverse its trend so far, it may move to centre of Sudha Madhyamam at 5286. Tomorrow's Agni level is at 4995 and Nifty closing is 125 points above it and hence market is likely to move up further.

Nifty again closes above 5000

After a gap up opening of 84 points, Nifty today(30-11-09)closed at 5033 with a gain of 91 points. Today's Nifty closing is above the tomorrow's Agni level at 4979 indicating a buy. But avoid keeping it overnight as Full Moon day is on 2nd December.

21st December,2009 a turnaround day ?

It is observed that minus figures in Trigger2 column of Kamolikav's Nifty Spot data analysis work sheet increases up to 21st December,2009. "MANGAL in KARK is going WAKRI from 21 DEC and SHANI which is present in VIRGO is going WAKRI from 15 Jan which may bring HIGH OPTIMISM in Market." says AMOL VAIDYA in his blog ASTRO-NIFTY. Every year there is a Santa Claus rally in the market at the end of the calendar year. All above factors indicates that market may be uncertain or have a downward bias up to 21st December, 2009 and recover thereafter.

Exceptional Friday Effect 143 points

Today's(27-11-09) Nifty gap down opening at 4896 was more than anticipated and hence expected bounce back from 4935 did not materiealise. Exceptional Friday effect by way of bounce back seen after 13.10 and Nifty surged 143 points from 4807 to 4950. Nifty closing was at 4942 with a loss of 64 points. Nifty futures range was 4801 - 4960. Monday's Agni level is at 5005 and hence still in negative territory.

Nifty declines to 5000 levels

Nifty today(26-11-09)closed at 5006 with a loss of 102 points. Nifty did made no attempt to move towards Agni level at 5130 and hence no scope for longs. Tomorrow's Agni level is at 5095. Though tomorrow is an Exceptional Friday, decisive up move not expected, but a bounce after touching 4935 cannot be ruled out. However, fall is likely to continue and buying when Nifty moves above Agni level only.

Nifty close near top of Anthara Gandharam

Nifty after moving above 5120 and touching 5138 before 12.30, declined thereafter and closed at 5108 with a gain of 17 points. Tomorrow's Agni level is at 5130 and hence buy above 5130 only.

Nifty slips below 5100

Today (24-11-09) Nifty closed at 5091 with a loss of 12 points. Today's Nifty high / low was 5112.85 / 5053.50 where as that was 5113.10 / 5052.10 yesterday, and can be called an inside day, which implies that Nifty is indecisive today. Tomorrow's Agni level is at 5075.

Nifty closes above 5100 (after 20th Oct ,2009)

Nifty today(23-11-09)touched the top of Anthara Gandharam when it was at 5113 (R20A0), as anticipated and closed the day at 5103 with a gain of 51 points. Nifty futures high today was 5119. Above 5120 it may be 5182, the high reached on 20th October,2009 in Sudha Madhyamam. Sudha Madhyamam centre is at 5286 and Nifty may move to that level once 5184/5200 level is crossed smoothly with volumes. Nifty PE ratio at the closing today is at 22.46 and above 22 it requires caution. Agni level for tomorrow is at 5065.

NSE twitter - an useful service to follow Nifty

Nifty closes near 5056 (R19A12) - Fourth day in this week

Today(20-11-09)also Nifty closed near 5056(R19A12)at 5052 with a gain of 63 points. Thus, except on Thursday, Nifty closed all days of this week at R19A12. Yesterday's and today's losses totaling to 122 points were covered unexpectedly after 13.30 in a swift sweep. Today's low was 4933 where as last week Thursday's low was 4925. Today's high was 5063 very near to the Agni level for the day. Monday's Agni level is at 5053, adjacent to Nifty close today. Nifty's move to 5120 during next week anticipated.

Centre of Anthara Gandharam touched

Yesterday it was advised to watch the break out of the range 5040/5000 - 5085/5120 for direction of the market. Today (19-11-09)first hour itself 5040 was broken and up to 14.00 Nifty stayed above 5000. But, after that it slid to 4964(centre of Anthara Gandharam), attempted to regain 5000 levels and without success closed at 4989 with a loss of 66 points. As mentioned yesterday, after three days lull, Nifty choose to move down and if moved below centre of Anthara Gandharam (4960) tomorrow its next level is at 4859, low of Anthara Gandharam. Tomorrow's Agni level is at 5076.

Nifty closes near 5056 (R19A12) - Third day

Today(18-11-09)also Nifty closed flat at 5055 with a loss of 7 points(5056=R19A12), after moving + or - 20 points from yesterday close. Not only that, Nifty was repeating "Da" & "Ni" swaras for the last three days without giving any idea whether it's next move is up or down. Perhaps, it may the silence before the storm. If so, we can expect fast moves within next two days. Tomorrow's Agni level rose to 5109 from today's 5088 (today's Nifty high was 5079). Watch the break out of the range 5040/5000 - 5085/5120 for direction of the market.

Nifty closes flat at 5062( R19A12)

Today(17-11-09)after 14.10 Nifty recovered all the losses(48 points)and closed flat at 5062(just 4 points gain). For further details see the table above. Agni level for tomorrow is 5088. No other comments today, let us wait and see tomorrow.

First day of the Malayalam month of Vrischikom.

After opening with a 50 points gap up, Nifty today(16-11-09) moved in a narrow range between 5046 to 5073 and closed at 5058 with a gain of 59 points. It seems that Nifty may move to the top of Anthara Gandharam at 5123 tomorrow as expected in the post dated 11th November,2009(read the comments also). The Surya level and the Agni level for tomorrow are 5128 and 5101 respectively. As mentioned earlier moon's position (no-moon day)and transition of Sun from Libra to Scorpio may have given impetus to the market. Today is the 1st day of Malayalam month Vrischikom (means Scorpio) and Mandalam-Makaravilakku festival at famous Sabarimala temple in Kerala starts today.

SABARIMALA NEWS: The Ayyappa temple at Sabarimala was opened on Sunday for the two-month Mandalam-Makaravilakku pilgrimage beginning Monday, the first day of the Malayalam month of Vrischikom.

Nifty closes near 5000

Today(13-11-09) Nifty closed the day at 4999 with a gain of 46 points. It has recovered yesterday losses and closed near to Wednesday closing, thus setting comfortable base for the up move to 5120 next week. Monday is a no-moon day and the Agni level is at 5055.

Nifty closes at the centre of Anthara Gandharam

Today(12-11-09)Nifty retraced from yesterday's position above 5000 and closed the day at 4953 with a loss of 51 points, at the centre of Anthara Gandharam (at the closing time Nifty was exactly at 4960 and 4953 is the average),as expected in the post dated 5th November, 2009. Nifty moved around 5000 levels up to 14.00 and thereafter descended to 4925 (15.00) before closing at 4953. Tomorrow's Agni level is at 5061 and as usual on Fridays, Nifty may choose to move down. As 16th November, 2009 is a no-moon day, an upward move to 5120 levels cannot be ruled out around that date.

Nifty closes above 5000

As expected, today(11-9-09)Nifty moved to the centre of Anthara Gandharam at 4960, by crossing Agni level for the day at 4953 and closed at 5004 with a gain of 122 points, after touching a high of 5017. As Nifty steadily ascended from 4870, it smoothly passed through six swaras (Sa,Ri,Ga,Ma,Pa,Da) out of the eight swaras in an octave. So, Nifty is likely to move to Ni(5048-5096), Sa(5096-5128) and touch the top of the Anthara Gandharam bandwidth. Tomorrow's Agni level is at 5035 and avoid buying when NIfty is below the Agni level.

Nifty closes just below Agni level.

Today (10-11-09) Nifty high was 4948 ie. 12 point short of centre of Anthara Gandharam at 4960, though same swaram (Madhyamam in 19x)was touched. Nifty closed the day at 4882 with a loss of 16 points, just below the Agni level for the day at 4887. As tomorrow's Agni level is at 4953 and Surya level at 4938, Nifty is likely to attempt again to touch the centre of Anthara Gandharam tomorrow. However, avoid going long now, since Nifty is below the Agni level.

Nifty in Anthara Gandharam

Today(9-11-09)up to 12.30 Nifty range was 4790(loss of 6 points from yesterday close)- 4831. After 12.30 Nifty zoomed from 4816 to 4905 and closed the day at 4898 in Anthara Gandharam band width, with a gain of 102 points. Nifty may move to centre of Anthara Gandharam (4960) tomorrow as expected in the post dated 4th November,2009. Agni level for tomorrow is at 4887. Hold the longs as far as Nifty is above the Agni level.

Extended trading hours form 27th November,2009

Finally it has been announced that extended trading hours from 9.00 a.m. to 5.00 p.m will be implemented w.e.f. 27th November,2009. But, that does not solve the problems connected with overnight volatility especially gap up/down opening based on global cues(US & Asian markets). We are able to take tickets for air/rail/road journey to be performed next day to many days in advance. Singapore stock exchange is having T+1 day trading. It would be beneficial if T+1 day trading system is implemented in India also, during the proposed extended trading hours between 4.30 to 5.00 p.m. Normal trading as being done now can be had between 9.00 a.m to 3.30 p.m. After a gap of one hour at 4.30 p.m. orders can be placed for the next day trading which can be continued on next day morning after a break. If possible, the timing can be extended later on up to 8.30 p.m. to cover the opening of US markets. That will mitigate many problems faced by brokers/mutual funds due to the proposed late closing of the trading hours. Concerned authorities may please think over it and take appropriate action.

Nifty closes near 4800

Today(6-11-09)after moving in the range 4770 - 4836, Nifty closed at 4796 with a gain of 30 points. Nifty futures range was 4755 - 4835 having a difference of 80 points.
Surya level today was 4850 and Nifty's high 4836. Monday's Surya level is almost the same at 4853 and Nifty has to cross that level to move to Anthara Gandharam. But today's movement was sluggish and it did not move above opening level. Let us wait for next week. Monday's Agni level is at 4701.

Nifty close at centre of Gandharam

After highly volatile, confusing and exiting movements Nifty today (5-11-09)closed at the centre of Gandharam at 4766. Though vipanisangeetham expected a positive opening and upward movement thereafter, Nifty opened with a loss of 35 points and steadily moved downwards up to 4610 (Nifty futures low was 4600 as it traded in heavy discount up to 13.30) increasing the loss to 100 points. As European markets opened weak, hope for an upward movement and positive closing faded away. But, after 13.30 Nifty suddenly surged to 4717 and at the same speed declined to 4660. After 14.20 Nifty's upward movement speed was unprecedented ie. 115 points per hour which hurled Nifty to 4776 (15.16) and a closing at 4766 with a gain of 55 points. As Nifty moved above the centre of Gandharam (4759)today, High of Gandharam (4859) and centre of Anthara Gandharam(4960)can be expected soon. Tomorrow's Agni level is at 4686.

Nifty back in Gandharam

Nifty closed the day at 4711 with a gain of 147 points, recovering the entire loss incurred yesterday. Tomorrow's Agni level is at the same level that of today ie. 4555. Nifty is likely to move to centre of Gandahram (4752), High of Gandharam (4859) and centre of Anthara Gandharam(4960)

Nifty in Chatusruti Rishabham

In the post dated 25th October, 2009 visitors are advised to exit all longs on Friday, the 30th October as the next Full Moon day was on 2nd November, 2009. Due to Moon-Jupiter conjunction, anticipated fall started much earlier. Even then, today's fall of 148 points and closing at 4564 in Chatusruti Rishabham (Low:4348, Mid:4464, High: 4611) can be attributed to the Full Moon effect. As back data is not available, it cannot be said whether the transition of Shukra (Venus) from Kanni(Virgo) to Thulam(Libra)on today 18th Thulam 1185 ie. 3rd November, 2009 had any effect on today's market fall. Today's Nifty close is just above tomorrow's Agni level at 4553. If Nifty slides below Agni level tomorrow next stop will be at the centre of Chatusruti Rishabham at 4464.

Exceptional Friday effect could not be retained

On last Friday (30-10-09)exceptional Friday effect made Nifty open at 4854 with a gain of 103 points. But, Nifty closed at 4712 with a loss of 39 points. In an earlier occasion when Nifty closed negative in an Exceptional Friday that was compensated on next trading day. So, if that repeats now Tuesday must close in positive. Including Friday, Nifty is continuously down for the last five days which has not happened since the mega fall in January 2007. Since DOW was down 250 points(2.57 %) on Friday night, next direction of Nifty will be based on global cues on Tuesday morning as 2nd November,2009(Monday,a full-moon day)is a holiday for Indian stock markets on account of Guru Nanak Jayanthi.

NOTE: As market fall is associated on most of the full moon days(last week with Moon-Jupiter conjunction)from today onwards Soma is linked to Low & Surya to High.

What Agni level says?

Nandi's worksheet for your eyes only.

SEE THIS.
Letter "O" stands for opportunities.
In "Yesterday" there is no "O" in it and hence no opportunities. It is already gone.
In "Today" one "O" in it and there is opportunity.
In "Tomorrow", "O"s are coming one after another and hence many opportunities.
TAKE ADVANTAGE OF IT

Tomorrow is an Exceptional Friday on both counts

Today (28-10-09)Nifty closed at 4751 with a loss of 75 points. After opening with a loss of 88 points, till the opening of European markets at 13.30 Nifty stayed below 4786. Then it jumped from 4765 to 4818 to fall again at 4740 and close at 4751. Tomorrow being an Exceptional Friday on both counts ( Next day after settlement of F&O series & Friday coming after last three/four days negative closing) Nifty should have a positive closing. Fulfillment of both the conditions in one Friday is rare and that is happening tomorrow. Tomorrow's Agni level is at 4721 which is lower than today's closing, which is positive. A small bounce back may be there and it should be utilised for exit only.

Nifty in Gandharam

Today (28-10-09)Nifty closed at 4826 in Gandharam band width with a loss of 21 points. Today's low was 4784 from where Nifty bounced back 83 points to 4867, today's high. Tomorrow's Agni level is at 4820, below the Nifty closing and hence positive. A bounce back up to 4900 may be possible. But, being the settlement day for October series high volatility is expected and seasoned traders alone may try their luck.

Moon-Jupiter conjunction - RBI credit policy - 124 points loss in Nifty

Find the heading "Spectacular Moon-Jupiter conjunction today" in today's (27-10-09)Business Line last page top-right corner. Sky gazers are in for a celestial treat on Tuesday as Jupiter and Moon are converging for a beautiful conjunction. The two heavenly bodies will be around 3.5 degrees apart, that means as seen from the Earth the apparent distance between them in the sky would be seven times the size of the full moon. The event, also some times known as an Appulse, will be visible for hours after sunset.
Is this conjunction caused the crash today ? or the bad effects of RBI credit policy ? Traders may differ in their opinion. However, the market fall expected by vipanisangeetham from 2nd November,2009 started much earlier. Wise advice : Never time the market. As Nifty has closed at 4847 near 19x in Gandharam bandwidth fall is likely to continue. But, a temporary small bounce back cannot be ruled out. Avoid fresh buying for short term as this correction may last for 4 - 6 weeks.

Nifty closes at Agni level for the day

After volatile movement in the range 5034 to 4961, Nifty today (26-10-09) closed at 4971, the Agni level for the day with a loss of 26 points. Today also Nifty did not move below centre of Anthara Gandharam at 4960. Tomorrow's Agni level is at 4920 and Nifty is unlikely to move to that level.