Today Nifty didn't slide below Agni level(4950). At 13.17 Nifty was at 4965 the lowest for the day, from where fantastic 100 points rally started. At 15.03 Nifty touched the high of 5068, just above the Soma level at 5063 and closed at 5054 with a gain of 109 points. On Wednesday ( Tomorrow is a holiday for NSE/BSE due to Assembly Election at Mumbai) or Thursday Nifty may again move to upper Shadjam (5120)as the level of 5111 touched on 1st October,2009 was marginally lower than the centre of upper Shadjam.
Today'Special: At the opening itself, Nifty future high shown was 5040, where as MiniNifty high and Nifty high were 4959 and 4976 respectively. It raised a suspicion that whether Nifty is intending to move up to 5040 today. By 2.00 p.m it became a certainty and Nifty moved past it to touch 5068. Therefore, in the chart above the figures shown today is of MiniNifty future only. Any viewer who knows the reason for such instances may please comment upon it.
7 comments:
Dear Nandi,
My observation has been that whenever the nifty low and open shows the same level, nifty gives atleast 100 points upmove from that level the same day or within a day or two.
This is not the case 100% of the time but many times.
Can u plz guide as to how u calculate soorya and soma levels.
Thanks & Rgds
Pramod
Nandi's point is not that. In some days in the beginning of trade itself unnatural figures come in in Nifty, Stocks etc.(today in Nifty future). Later, in the same day itself same figure is achieved!!!. Unless there is buyer and seller how can such a figure (80 points plus)transacted? It seems some signal is being passed between big traders.
Soma Surya levels are the weighted averages of Calls and Puts respectively.
dear respected nandi
your agni levels are really helpful and that saves all of us here from losses. as od now u give agni levels for the next day it would be of great help if u could provide approx agni level for the 2nd day as well which can be utilised to carry forward the position
thanxs
naresh
Hi..
"Freak quotes" such as these mess up most of the computer generated "buy & sell" signals. Most often these rates are achieved for the benefit of the "manipulating hands" after they fail the software generating signals such as EW targets or TA targets.
Music levels direction is quite beneficial, eg. today.
Best regards.
ilango
Whatever may be the purpose of such levels (todays' 5040..), it certainly mislead the technical calculations.
Thanks for the reply. It wud be grt if u cud plz give one example showing calculation of soma and soorya levels on the basis of put and call weighted averages.
looking forward,
Thanks & Rgds
Pramod
HI
I am first time visitor on your blog. Your way of tracking market is very interseting. you can put a link on you blog that shows logic behind you theory. It will be a good piece of information.
Dear Thiru Ilango,
You have indicated "manipulation". Recently some one in vfmforum stated that around 25 big traders do circulate Nifty movement for the day in advance and Nifty movements are regulated accordingly. One of Nandi's friends told in the morning itself that Sensex will move past 350 plus in the after noon. Though it cannot be believed such instances create a doubt on that possibility.
Dear Naresh,
As the Agni level calculation is based on the daily closing values of last 5 days, 2nd day Agni level in advance is not practical.
Dear Pramod,
Multiply strike price with OI of Calls and Puts separately and find out the average of it. Nandi takes only top 4 outstandings for convenience of calculation.
Dear Learner,
Logic behind the theory has been given at the beginning of this blog. But it is yet to be proved. As this is a new approach, required data is not readily available. So, it may take one to three years to collect data, test it and codify it.
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