At the Sunrise today(22-7-09) India saw a beautiful total Solar Eclipse and after that Nifty saw a sell off. Whether both are related or not is to be confirmed after many observations. The report that we have to wait to next century to see a total solar eclipse does not hold good. It is pointed out by some astronomers that the next total solar eclipse is due in January 2010. It is mentioned here just to say that we will surely get opportunities to check and confirm the relation between the two.
As envisaged, the sell of came after 11.00 a.m as Nifty didn't move above the Agni level at 4591. At that time Nifty was at 4558 ie. at Surya level for the day(4559). It was really fast and powerful - Nandi yesterday used the words "fast downward movement" considering the Solar Eclipse effect and it was there - the effect of which brought down Nifty to 4424 by 13.00 and to 4380 by 15.00, a fall of 178 points within 4 hours. Nifty close today was at 4399, in Chatusruti Rishabham band itself with a loss of 70 points. As Agni level for tomorrow is at 4597 further downward movement can be expected.
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