Budget day over - What next ?

Budget day is over. 4830-4885 range broken upwards and Nifty moved up to 4992. Considering the normal effect of Exceptional Fridays, it is unimpressive. The closing at 4922 after 70 points retreat, below the centre of Anthara Gandharam (4960)indicates lack of strength. As Agni level is at 4891 a small upmove cannot be ruled out, provided the world market cues supports it. But, the week starting with 15th March may see Nifty coming down as Moon conjuncts with Jupiter, Mercury and Venus on 15th, 16th and 17th March respectively.
Trading holiday on 1st March 2010 (Monday) on account of Holi - the festival of colors. Wish you all a Very Very Happy Holi Day.

Nifty again at G1 & G2 boarder (R19A0) - Penultimate day

Today(25-2-10), though F&O settlement day, yesterday's same situation continued to day also and what ever told yesterday is valid for today also. After moving in a range 4836 - 4880, Nifty today closed at 4860, at the same position as of yesterday in the boarder of Gandharam(G1) and Anthara Gandharam(G2). Tomorrow, some fast movements can be expected based on the proposals in the financial budget. Being an exceptional Friday, a temporary up move also will be there. Watch the break out of 4830 - 4885 range, which was being kept for the last three days, for the direction of the Nifty. As there is Moon & Mars conjunction, preferred view is downwards. Tomorrow's Agni level is at 4854.

Nifty again at G1 & G2 boarder (R19A0)

Unmindful of Railway Budget, Nifty today(24-2-10)moved similar to yesterday with 10 points less difference. Swarams "Ni Sa Ri Sa" almost same. See the last one months Nifty closing which also conveys the same thing. Nifty also may be waiting for the budget. Breaking of the range 4830 - 4930 will give further direction of the Nifty.

Tomorrow's Agni level is at 4845

Nifty closes in Anthara Gandharam

Today's (23-2-10)Nifty movements can be summarised as plus or minus 28 points from the yesterday close. After 9.30 it was in the range of 2 to 28 plus points only. Nifty close was at 4870 with a gain of 14 points in the Anthara Gandharam range (Low: 4859).
Tomorrow's Agni level is at 4864 only. As the next three days are having many important events like Railway Budget, F&O settlement and General Budget, high volatility can be expected and retail traders/investors may take care. Low risk traders can even choose to stand in sidelines.

Nifty closes at 4856 (R19A0) - G1 & G2 boarder.

Nifty opened today(22-2-10)at 4911 with a gain of 66 points in Anthara Gandahram range. Not only it could improve that gain, but also declined to 4846 by the time of closing and closed at 4856 with a gain of 11 points on averaging. The closing is on the border of Gandharam(G1) and Anthara Gandharam(G2)and it can move either way tomorrow. As tomorrow's Agni level is at 4902 the bias is on downwards.

Stock market cracks jokes occasionally

Question: Beloved Osho, What is the secret of a Joke?
Osho: The sudden unexpected turn, that is the secret of a joke -- the revelation. You are expecting something and it doesn't happen; what happens is so totally absurd and yet has a logic of its own... it is ridiculous and yet not illogical. That's what suddenly becomes a laughter in you. You see the ridiculousness of it, and also the logic of it. It is unexpected -- if it is expected, then it doesn't bring laughter to you. If you know the joke then it doesn't bring laughter to you, because now you know, everything is expected.

An example of a joke - Mathematical Logical Nuns.

Two nuns went out of the convent to sell cookies for charity.
One of them is known as Sister Mathematical (SM) and
the other one is known as Sister Logical (SL).
It is getting dark and they are still far away from the convent.

SL: Have you noticed that a man has been following us for the past
half-hour?

SM: Yes, I wonder what he wants.

SL: It's logical. He wants to rape us.

SM: Oh, no! At this rate he will reach us in 15 minutes at the most.
What can we do?

SL: The only logical thing to do of course is that we have to start
walking faster.

SM: It is not working.

SL: Of course it is not working. The man did the only obvious
thing to do. He started to walk faster too.

SM: So, what shall we do? At this rate he will reach us in one minute.

SL: The only logical thing we can do is split. You go that way and
I'll go this way. He cannot follow both of us. So, the man decided to go
after Sister Logical.

Sister Mathematical arrives at the convent and is worried because
Sister Logical has not yet arrived. Finally, Sister Logical arrives.

SM: Sister Logical! Thank God you are here! Tell us what
happened!

SL: The only logical thing happened. The man could not follow both
of us, so he followed me.

SM: So, what happened? Please tell us.

SL: The only logical thing to happen. I started to run as fast as I could.

SM: So what happened?

SL: The only logical thing to happen. The man also started to run as fast
as he could.

SM: And what else?

SL: The only logical thing to happen. He reached me.

SM: Oh, no! What did you do then?

SL: The only logical thing to do. I lifted my dress up.

SM: Oh, Sister. What did the man do?

SL: The only logical thing to do. He pulled down his pants.

SM: Oh, no! What happened then?

SL: Isn't it logical, Sister? A nun with her dress up can run faster than a
man with his pants down.

ha ha ha... (and you thought it was dirty)


Stock market cracks jokes occasionally. You feel that you know the logic of its movement and that builds up your expectation. But, near the climax it makes an unexpected turn and goes some other way. It will be totally unexpected by you, but will have a logic of its own.

Last three days closing, around opening levels of the day

Today(19-2-10)based on global cues Nifty opened at 4840,slid further to 4806(13.15), moved up to 4877(14.45)and closed at 4845 with a loss of 43 points. It is noted that the last three days Nifty closings were around the opening levels of the day and today's closing is near to fourth previous day ie. 16th February,2010. Monday's Agni level is almost same as of today at 4922 and hence no change in the view expressed.

Today's up move terminated at Agni level

Today(18-2-10)Nifty opened at 4894 with a loss of 20 points and closed at 4888 with a loss of 26 points. Intraday it moved between 4874 - 4912, ie. Nifty moved only up to the Agni level for the day. Tomorrow's Agni level is at 4920. As centre of Anthara Gandharam is not reached in this move, it is likely that Nifty may move again upwards in coming days.

Nifty closes in Anthara Gandharam

Today(17-2-10)Nifty opened at 4907 with a gain of 51 points, moved in the range + or - 25 points from that level and closed around opening level at 4914 with a gain of 58 points in the Anthara Gandharam range. Tomorrow's Agni level is at 4911 and Nifty may move to the centre of Anthara Gandharam.

Nifty closes near top of Gandharam(4859)

Today(16-2-10)Nifty moved in the range 4791 - 4844 up to 14.30,and surged to 4880, the level not seen after 5th February, and closed at 4856 with a gain of 54 points, near top of Gandharam(4859). As it is above the tomorrow's Agni level at 4846 Nifty may move to Anthara Gandharm range(Low:4859, Centre:4960, Top:5123).

Nifty closes near 4800

After moving in the range similar to last Thursday, Nifty today(15-2-10)closed at 4802 with a loss of 25 points. Tomorrow's Agni level is at 4820 and today's close is below that. If Nifty is not moving above Agni level tomorrow it may move downwards.

Buzz - a new interactive forum from Google

Traveled in the google buss (Google says "Buzz")for a short time on 11th February (2nd day of its launch)chatting with some old friends and some new. Similar to the first journey in the low floor Volvo ac buss in Trivandrum last month, it was amusing. Please do board the buzz, so that we can chat a little if we meet there. Best wishes for a happy journey to Google team.

Mahashivratri - chant 'Om Namah Shivaya'

12th February 2010

Nifty moves to top of Gandharam

On 7th February, 2010 it was said "Nifty may move up to the top of Gandharam(4859) before resuming it's downward movement". Till yesterday the maximum high reached after that was 4827 only. Today(11-2-10)at 14.35 Nifty moved to 4844 and touched "S" near top of Gandharam. Therefore, if required, from now on Nifty can start its downward journey to lower levels at any time. Watch Agni level and take appropriate action. Next Monday's Agni level is at 4792. Tomorrow market is closed on account of Mahasivarathri.

Nifty closes again at centre of Gandharam

Today(10-2-10) also Nifty didn't move to the top of Gandharam(4859) as anticipated. It moved up to 4827 at the opening and up to 4821 at 13.22 and declined, despite good opening by European markets. Nifty futures high was 4824 at 13.22. After slipping to 4748 at the time of closing, Nifty closed at 4757 with a loss of 36 points, at the centre of Gandharam, where it was on 6th and 8th February 2010. As tomorrow's Agni level is at 4741, any move below that will generate a sell signal and Nifty may move down to centre of Chatusruti Rishabham (4464)without much delay.

Nifty closes above centre of Gandharam

Nifty today(9-2-10)opened with a loss of 20 points, moved in the range 4740 - 4810 and closed at 4793 with a gain of 33 points. Nothing to add further. For comments please read yesterday post. Agni level for tomorrow is 4692.

Nifty closes at centre of Gandharam - 2nd day

After moving in a wide range from 4675 to 4799 (details are given in the chart) Nifty today(8-2-10) closed flat at 4760. Tomorrow's Agni level is at 4689, which is much below the Nifty closing today. Expect upward move towards top of Gandharam (4859) in coming days.

Nifty closes at centre of Gandharam

Friday, the 5th February, 2010, the day Bhudha(Mercury)'s transit to Makaram (Capricornus)was due, the world markets saw large scale sell off ranging 2.5 to 3.5%.
Nifty also opened gap down at 4716 with a loss of 129 points, moved in the range 4692 - 4761 and closed at 4719 with a loss of 126 points. There was a special trading session from 11.00 to 12.30 on Saturday, the 6th February, 2010 to test the functionality of the new software installed at NSE. After trading in a narrow range Nifty closed at 4757 with a gain of 38 points, at the centre of Gandharam(4759). Nifty may move up to the top of Gandharam(4859) before resuming it's downward movement.
Note: Though Saturday's special trading session was only for one and half hours, the figures of that day has to be taken in to account for calculation of Soma-Surya-Agni levels as it was real. Tomorrow's Agni level works out to 4761, including Saturday's figures.

Nifty closes below Agni level in Gandharam

Today(4-2-10) Nifty opened at 4910 with a loss of 22 points due to weak global cues. As Nifty could not move above 4912(11.38)it gradually declined to 4892(13.50). As European markets also moved to red, Nifty started to decline fast and touched 4832(15.08)before closing at 4845 with a loss of 87 points. Nifty closing today is below the Agni level for the day at 4875 and also tomorrow's Agni level at 4871, in Gandharam range(High: 4859, Centre: 4759, Low: 4611). Hence, Nifty may decline further to centre/low of Gandharam in coming days. Tomorrow is 5th February the day Mercury transits to Makaram (Capricornus)- referred in postings from 17-1-10 and comments in AVTAR post.

Nifty again in Anthara Gandharam

Today(3-2-10)Nifty opened with a gain of 52 points at 4882, steadily moved up to 4949 and came down a little to close at 4932 with a gain of 102 points. As 4949 was reached by 13.30, it looked possible that 4960(expected level) may be achieved today itself, though two days time anticipated in yesterdays post. That may be reached tomorrow, as Nifty close today is just 28 points short of centre of Anthara Gandharam(4960). Tomorrow's Agni level is at 4875.

Nifty back in Gandharam

After opening at 4951 with a gain of 51 points Nifty today(2-2-10)declined steadily and closed at 4830 with a loss of 70 points. As Nifty has not moved to 4960 today it is felt that tomorrow or day after tomorrow Nifty may move to that area before starting its decline, provided it does not move below Agni level. Tomorrow's Agni level is at 4811.

Nifty close at Anthara Gandharam

Though opened with a loss of 50 points at 4832, Nifty today(1-2-10)closed at 4900 with a gain of 18 points in the Anthara Gandharam range. For comments see yesterday post. Tomorrow's Agni level is at 4769 only.