Find the heading "Spectacular Moon-Jupiter conjunction today" in today's (27-10-09)Business Line last page top-right corner. Sky gazers are in for a celestial treat on Tuesday as Jupiter and Moon are converging for a beautiful conjunction. The two heavenly bodies will be around 3.5 degrees apart, that means as seen from the Earth the apparent distance between them in the sky would be seven times the size of the full moon. The event, also some times known as an Appulse, will be visible for hours after sunset.
Is this conjunction caused the crash today ? or the bad effects of RBI credit policy ? Traders may differ in their opinion. However, the market fall expected by vipanisangeetham from 2nd November,2009 started much earlier. Wise advice : Never time the market. As Nifty has closed at 4847 near 19x in Gandharam bandwidth fall is likely to continue. But, a temporary small bounce back cannot be ruled out. Avoid fresh buying for short term as this correction may last for 4 - 6 weeks.
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