നവവത്സരാ‍ശംസകള്‍

31st December,2009 - Special in many respects

Today(30-12-09)after moving in a narrow range of 37 points, Nifty closed at 5169 with a loss of 19 points. Tomorrow's Agni level is at 5291 near the centre of Sudha Madhyamam. 31st December,2009 is a special day in many respects as given below and market may witness surprise movements.
1. Last trading day of the year having F& O settlement.
2. A "Blue Moon" day - Second full moon in a calendar month, a rare event.
3. Partial lunar eclipse occurs between 12.18 to 1.25 midnight. Lunar eclipse starts just 18 minutes after the start of New year 2010 in India.

Nifty closes flat at 5188 (R20A4)

Nifty closed flat at 5188 (R20A4 - same as Thursday). Tomorrow's Agni level is 5229, which is above the Nifty close today and hence warrants caution.

Expect centre of Sudha Madhyamam (5286)

On 24th December,2009 Nifty closed at 5178 with a gain of 33 points after breaking the earlier high of 5183 and reaching 5198. The following was the post dated 6th December, 2009."As the low of 10 day range 5038 - 5183 has already been broken, high may also be broken and Nifty may close at the centre of Sudha Madhyamam (5286) before the end of 2009." Now the upper limit has also broken. So, expect 5286 before the end of year 2009, once the psychological barrier 5200 is broken.
Tomorrow's Agni level is at 5121.

Merry Xmas & a Happy New Year

Fantastic Santa Claus Rally - Nifty in Sudha Madhyamam

Yesterday was the lowest range and swaram in single stage "Pa". Today not only yesterdays shrinkage covered, but more than normal rise with 160 points gain (Nifty close at 5145) and swarams "Da,Ni,Sa & Ri". If Nifty moves above "Ga" (5192), then definitely centre of Sudha Madhyamam (5286) can be expected. As said earlier , the day Mangal(Mars) went "vakri" (retrograge) ie. 21st December, 2009 was the turn around day and that day's close at centre of Anthara Gandharam (4960)was the base for today's up move. Forth coming holidays does not seem an issue at all as feared in yesterday's post. If it is, it will be reflected tomorrow.

Nifty range lowest - just 26 points

Today(22-12-09)moving in a very narrow range of 4971 - 4997, Nifty closed at 4986 with a gain of 33 points. Nifty futures range was the lowest (4967 - 5000; difference of just 33 points)since February, 2009. Tomorrow's Agni level is at 4944. As there is four days continuous trading holiday from 25th December, 2009 the strength of upward movement will be limited. A close again in the centre of Anthara Gandharam (4960)during this week also cannot be ruled out.

Nifty closes at the centre of Anthara Gandharam

"The down trend may terminate around Anthara Gandharam centre (4960) and may turn upwards. If down trend does not terminate at 4960, deep correction may follow." This is what yesterday said. Today(21-12-09)Nifty closed at 4953(R19A6 = 4960 in chart) with a loss of 35 points. Let us see whether Nifty will move up tomorrow and close in green. Agni level for tomorrow is 4949 only.

Nifty may touch centre of Anthara Gandharam(4960)

On Friday(18-12-09), up to 14.00 Nifty was above 5000 levels, but after that it swiftly declined to 4979 and closed at 4988 with a loss of 54 points. After 11th December, 2009 the day when it touched the recent high of 5183, Nifty futures high was steadily declining to 5188,5168,5125,5072,5068 and 5049. Friday's Nifty futures low was 4972. The down trend may terminate around Anthara Gandharam centre (4960) and may turn upwards. If down trend does not terminate at 4960, deep correction may follow. Tomorrow's Agni level is at 4966.

Nifty closes flat at 5042 (R19A11)

After a volatile movement in a range similar to yesterday ie. 5013 - 5064, Nifty today (17-12-09) closed flat at 5042 itself. At the closing time, Nifty was at today's Agni level at 5035, proclaiming a neutral stand. Tomorrow's Agni level is at 5007, ie. average of last two days lows.

Market timing changes (NSE & BSE) postponed to 4th January, 2010 due to wide spread protest from brokers and trading community.

Nifty close above Agni level

After moving in 5002 - 5067 range, Nifty closed flat(R19A11) at 5042, above the Agni level for tomorrow at 5035. As the low of 10 day range 5038 - 5183 has already been broken, high may also be broken and Nifty may close at the centre of Sudha Madhyamam (5286) before the end of 2009.

Please note the Change in Market(NSE) timings From Friday, December 18, 2009:
9.00 a.m. to 3.30 p.m.

Nifty descends & breaks the 10 days trading range

As anticipated in the last two days postings, Nifty has today(15-12-09) broken the last 10 days trading range of 5183 to 5038 and descended to 5018 before closing at 5033 with a loss of 73 points. As Soma level for tomorrow is at 4944 and centre of Anthara Gandharam is at 4960 Nifty may bounce back from this area. Tomorrow's Agni level is at 5078.

Astro facts for 16-12-09 are
1. A no-moon day
2. Sun moves from Vruschikam(Scorpio) to Dhanu(Sagittarus)
3. Moon-Venus conjunction in Vruschikam (Scorpio). As Vruschikam (Scorpio) is 180 degrees opposite to Moon's favorable position (Edavam-Taurus)down fall will be less.

Nifty near top of Anthara Gandharam (20x) - 8th day

After swinging between 5090 to 5157, Nifty closed at 5106 with a loss of 11 points only. Though Nov inflation rose to 4.78% vs 1.34 in Oct its effect was not reflected in market, may be due to good news from Dubai. Break out from the 5038 to 5183 range awaited. Tomorrow's Agni level is at 20x ie. 5119.

Weekly close also at 20x = 20 x 256 = 5120 - 7th day

Today(11-12-09)also Nifty made an up move that crossed even the high made on 20th October, 2009(5181.95) and made a new high of 5182.55 at 12.00 noon. But, instantly Nifty decented to 5128 at 12.03, 5103 at 12.14 and 5088 at 13.07. However, the closing was at 5117 ie. exactly at top of Anthara Gandharam (R20A0 - refer chart). Thus, the weekly closing of Nifty is at 20x and the closing near 20x (ie. swaram Sa, Ri) during December, 2009 so far is the 7th day. Next week, the 150 points range between 5038 to 5183 maintained from 1st to 11th December,2009 may be broken and Nifty may move downwards, as today's Nifty close is below the Monday's Agni level at 5145.

Nifty at top of Anthara Gandharam (20x) - 6th day

Today(10-12-09) Nifty closed at 5135 with a gain of 23 points, still around 20x. Nifty has to move above 5192 first to move up further and close at centre of Sudha Madhyamam (5286). During this month attempts have been made to move up above that level with out success. Till it moves above 5192 preferred view is downward, with a close below centre of Anthra Gandharam (4960) as confirmation. Tomorrow's Agni level is at 5118.

Nifty at top of Anthara Gandharam (20x) - 5th day

Today(9-12-09)Nifty closed at 5112 with a loss of 36 points. Including today, Nifty was closing at 20x (20 x 256 = 5120; plus or minus 12 points ignored) 5 days out of 7 trading days in December,2009. Nifty view remains same as expressed yesterday. Tomorrow's Agni level is at 5107.

Nifty in Sudha Madhyamam

As anticipated, Nifty today(8-12-09)moved up and by 10.20 covered yesterday losses. After that it declined and moved marginally to negative territory to bounce back and close at 5148 with a gain of 81 points. This level is same (RI) as that of the closing on Muhurat day trading. As stated earlier Nifty has to move above 5192 first to move up further and close at centre of Sudha Madhyamam (5286). Till then, preferred view is downward, with a close below centre of Anthra Gandharam (4960) as confirmation. Tomorrow's Agni level is at 5132.

No change in the Nifty view expressed yesterday

Today(7-12-09)Nifty closed at 5067 with a loss of 42 points. Nifty low declined to 5052 from yesterday's 5082. Tomorrow's Agni level is at 5140. As Soma-Surya levels are same for tomorrow, today's loss can be recovered tomorrow.

Nifty near top of Anthara Gandharam (20x) - 4th day

On Friday (4-12-09)Nifty closed just below 20x at 5109 with a loss of 23 points.
Last 4 days'Nifty Open, high, low, close were as given below
1-Dec-09 5039.70 5130.35 5038.85 5122.00
2-Dec-09 5122.75 5161.75 5111.75 5123.25
3-Dec-09 5124.55 5181.00 5106.60 5131.70
4-Dec-09 5131.70 5161.80 5081.85 5108.90
ie. Nifty close were 20x ( that is 20 x 256 = 5120) plus or minus 12 or the swaram Sa/Ri. For a clear direction to emerge, Nifty has to break this range on closing basis. As it stands now, the bias is downwards since Nifty closure was below Agni level for tomorrow at 5192 and lows were decreasing during the last three days. However, for confirmation a close below Anthara Gandharam centre (4960) is required. A move above Agni level at 5192 can take Nifty to Centre of Sudha Madhyamam (5286).

Nifty in Sudha Madhyamam, but below Agni level

Nifty today (3-12-09) moved to the area where it moved on 20th October, 2009 and again touched 5181 and declined to the level it was yesterday at the time of closing(5122). On averaging, Nifty closed at 5132 with a gain of just 9 points. However, that makes it to the level Sudha Madhyamam ( above 5123). But tomorrow's Agni level is at 5171 which is above the Nifty closing today which indicates that down move is around the corner. Avoid fresh buying when Nifty is below the Agni level.

Shashi Tharoor on India's 'soft power'

Being a voter of the Trivandrum Parliament Constituency, from where Shri Shashi Tharoor, Minister of State for External Affairs has been elected as a Member of Parliament, Nandi is proud to give the link below of the inspiring speech made by him. Being an Indian it is worth hearing. Please go to this link and hear it http://economictimes.indiatimes.com/tv/Shashi-Tharoor-on-India-s-soft-power/videoshow_ted/5284245.cms

Nifty at top of Anthara Gandharam (R20A0) - 2nd day

After opening at 5162 with a gain of 40 points Nifty today (2-12-09)descended to 5112 and closed flat at 5123(20x) with a gain of just 1 point. Today being a full moon day, trend reversal was expected till day before yesterday. But seeing the strength of Nifty up move yesterday it became doubtful. However, Nifty's up move was came to an end and Nifty even slid to negative territory, as cautioned on 30th November,2009. Tomorrow's Agni level rose to 5070. Let us see how Nifty moves tomorrow.

Nifty close at top of Anthara Gandharam (R20A0)

After opening with a gain of 34 points Nifty steadily moved up and closed at 5122 (R20A0 or 20x - top of Anthara Gandharam) with a gain of 89 points. As Nifty is not showing any tendency to reverse its trend so far, it may move to centre of Sudha Madhyamam at 5286. Tomorrow's Agni level is at 4995 and Nifty closing is 125 points above it and hence market is likely to move up further.