From 16th September,2009 Nifty close is near the centre of Anthara Gandharam (4960), except on 22nd September on which day it closed at 5020. The importance of 4960 can be seen from the table given above :- 1) It is the centre of Anthara Gandharam on 15.5 x scale. 2) It is the middle point between Kakali Nishadham and upper Shadjam on 10 x scale. 3) It is 450 degrees or 1.250 percentage of 3968 on Gann 360 degree scale.
It may be the 10x scale that is most prominent now as the present up move started on 9th March, 2009, the day when all the world markets formed their bottoms. On that assumption centre of lower Shadjam is at 2560 and upper Shadjam at 5120. As Nifty has closed in upper Shadjam band width on 22nd September it seems that Nifty has to move to the centre of upper Shadjam(5120) before starting it's decent(refer post dated 21st September, 2009). As Agni level is declined to 4994, a level which is lower than the 22nd September close, it is likely that Nifty may again move above Agni level and reach the centre of upper Shadjam on 10 x scale or upper boarder of Anthara Gandharam on 15.5x scale.
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