Tuesday, January 26, 2010

Nifty closes above Agni level, but don't buy


On Monday(25-1-10)after moving in 4983 - 5036 range, Nifty closed at 5008 with a loss of 28 points. At 14.15 Nifty wiped out 53 points loss made in the beginning, touched yesterday close level and gave the impression that the closing will be in positive. Instead of full-filling that hope, Nifty moved down fast and was at 4996 at the time of closing. Averaging helped to close in a better position at 5008.
However, Nifty close was above the Agni level for tomorrow at 4969, giving a positive signal. But this is not the time to buy. As Full moon day coupled with Mars conjunction is due on 30th January, 2010, any rise in equities is to be utilised to exit the positions. Mars will be closest to earth on 27th January, 2010. Hence, Nifty is likely to fall around these days and transition of Mercury to Makaram(Capricornus)on 5th February may aggravate the slide.

3 comments:

rkwadher said...

Excellent forcasting of todays market

Unknown said...

Sir i was really wondered when u started explaining about the market using the musical notes infact i use to use ur levels for taking any positional trade on nifty .......Can u provide ur mail address or Mobile numbers so that i can share and learn more from u aboput this Viapni Sangeetham ....A music maestro work on nifty....thanking u my mail address is msaisrinivas@hotmail.com mobile 09347844264

Nandi said...

Dear Srinivas,
What ever Nandi feels to say is being posted in vipani sangeetham. Nothing more now.