After January 2009, Nifty has today moved to Sudha Daivatham band width (low:3077, Center:3178, high:3263). Sudha Daivatham is a very important turning point for Nifty as that was the Nifty maximum level reached in January 2008. Present center point of Sudha Daivatham (3178) is exactly half (50%) of the Nifty maximum of 6355 reached in January 2008. Thus, if Nifty moves up as was for the last 4 days then we may not see another bottom than the October 2008. Shadjam point in Medam/Edavam (April/May) may be 3968 instead of 1984. But, considering the General Election being held in April/May 2009 any such assumption will be premature now. But, during the last 12 sessions USA index DOW JONES has climbed from 6400 levels to 7800 levels indicating the change in the financial situations in USA. Indian market is delaying its up trend only due to the General Elections here. However, FIIS have started buying stocks for the last six sessions.
Therefore, don't expect "Exceptional Friday" effect tomorrow (27-3-09)- perhaps it may be the opposite to it as Nifty has gained continuously for the last 4 days. Trade with caution.
4 comments:
Dear Balanandan.
Congratulations, you are making best use of kamolikav's indicator.
I am S N Vaish father of (Monika Vaish ID kamolikav@yahoo.com)
Dear Sir,
Nandi(balanandan)is very very glad to see you here sir. Nandi was an ardent admirer of your daughter. Her assessment of the market and observations were helped us much. Please convey Nandi's best wishes to her. Even though Nandi is finding a value by putting arbitrary figures so that final figure becomes positive on her formula and naming it as Agni level, the same was made explicit in the blog itself when it was introduced and declare as such when ever occasion warrants. Even now Nandi remembers her with love and respect. Pray to Lord Shiva and Lord Ganesh to bless both of you with long life and happiness.
Balanandan sir,
Good morning, today i saw
your coments on VFM its exciting regarding AGNI Lvl to exit for long in NIFTY. Sir you have depth study on VIPANI
SANGEETHAM may i request you as a student willing to learn method, will you give me excel sheet for study purpose.
please send me on email--
aabhi06@gmail.com.
Awaitng your kind revart.
Thanks & obilige the same
Abhishek.
Dear Abhishek,
Excell sheet sent now
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