Great show of Exceptional Friday

Despite weak global cues and bearish sentiments, Nifty showed great power on the Exceptional Friday, the 30th Jan 2009 and marched ahead from the bottom of 2775 to 2880 and closed at 2875 with a gain of 51 points. After opening below the Agni level, Nifty slowly moved up and at around 12.00 p.m. marched above the Agni level and there after never returned to that level. This was a rare day and many who had exited in the opening had to re-enter when Nifty moved above Agni level. But, Monday's Agni level is at 2916, forty one points above the Nifty closing. There is very little chance Nifty may break that level and move up. So, it would be better to book profit and stay away. We must guard our capital tightly than trying to get some more and in the process loose what little we have. It is probable that Nifty may move to Sudha Daivatham level (3178) before going down to Shadjam level. As Rishabham in Sruti(frequency) scale and Edavam in Laya (Time factor) coincides during April-May, the fall should happen before that, may be shortly or during the next results/election season - and Nandi don't know exactly when! Hence the caution.
{Note: meaning of both Rishabham and Edavam are bul}