Wednesday, April 8, 2009
Unparallel recovery and closing in green
Nifty today (8-4-09) plunged to 108 points just after opening and it was expected also. But, Nifty steadily moved up and by 1.30 p.m it was at 3230, above today's Agni level at 3226. The up move thereafter was unparallel. Nifty not only wiped out all losses, but also shown a green figure of 100 points around 3.00 o'clock(thus an up movement of 208 points from bottom to top - which never occurred after 13 October 2008 ); and finally closed at 3343 in Chatusruti Daivatham level. Chatustruti Daivatham levels are Low: 3263, Centre: 3348 and High : 3460. Now Nifty is likely to move to next level of Kaisiki Nishadam shortly - may not be on tomorrow. Watch Agni level and trade accordingly.
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2 comments:
nandi sir,
i am using the sheet provided by you. i got 3362 as the agni level too. now the agni level for the next day i.e. 13th april has shot up to 3460. so does the earlier agni level of 3362 lose its significance? agni level shootin up to 3460 has given scope for the nifty to move up till der.
nandi sir,
could u also explain how you arrive at the low, centre and high points in Chatustruti Daivatham?
the high level given by you is 3460 which has exactly become the agni level.
could u please tell me how to arrive at these points or if there is any sheet i can work with to arrive at these levels?
thank you.
Dear Ankit,
Agni level for 13th April is 3461 (You got 3460, OK). Agni level changes each day (you know, it is based on last 5 days moving average) and it's validity is for that day only. Based on last five day's momentum Nifty should reach at 3461 on 13th April. Is it possible ? No. (If yes, well and good.) So the inference is, Nifty is loosing its momentum and is going to come down. The figures are in red and so you exit from the stock or short Nifty.
Each swaram level is shown in the blog. Divide it by 2 to get the current levels. That is the central point. Mid way between the lower and higher levels are the low and high for that Swaram. Hope you will be able to work out the figures.
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