sir, In your previous post you have mentioned that nifty will continue its downward trend upto 12th Feb, is it mean that after feb12th can we expect upward trend in Nifty.Sir i am following and observing your post since two months. I was benefitted much but due to misunderstanding sometimes i am taking wrong steps.At this juncture let me clarify one more doubt regarding Agni Level.whether on closing basis if market lies below agni level we should exit our previous/intraday holding long(buY)positions. Thank You sir
Dear Sri Vijay, Many traders are confused in times when short term, medium term and long term views differ. For an ordinary trader the best way is to follow the short term trend because, they are mot patient enough to hold their positions in adverse situations. Short term trend may last for 3 to 6 days and Agni level can be used as a yard stick. When ever Nifty is above Agni level in closing basis go long. When ever Nifty is below Agni level exit long. A similar approach is being taken in the last link given at left ie. http://niftyforum.com/niftyintraday.php . In Nifty 5 day chart when ever green line goes above red line go long, and when green line goes down red line go short - it can be followed intraday basis also. Long term means 3 years and above. Definitely that is positive and Nifty may reach 7936 levels around April/May 2011 or next odd year. In between many things can happen that is medium term trend. Considering only one aspect ie. Malayalam month Makaram the Feb 12 was mentioned. On Feb 13 the month Kumbham starts.When other factors also come into play that may or may not hold good. It is safe to go by Agni level and the chart mentioned above. Om Nama Shivaya.
I am Vijayasimha Vellanki from New Delhi. I've been intrigued by your blog as I am both, a trader and a Carnatic music student.
While my knowledge of Carnatic music is not that good, my mother's is. In fact, she just finished writing a musical treatise - an encyclopedia of Carnatic Music (in Telugu), which I am translating into English.
In trading, I follow the Elliot Wave Principle and I strongly believe that the market has a rhythm.
I really want to understand your philosophy of tracking the markets based on Carnatic raagas. Mine is a genuine desire to understand and learn. So, please do enlighten me.
Dear Vijaysimha, Quote from you "In trading, I follow the Elliot Wave Principle and I strongly believe that the market has a rhythm." What is that rhythm? Can it be some carnatic music ragas? That is what vipanisangeetham is trying to explore. Both EWT and music has close relationship with Fibonacci numbers. If A is related B and B is related to C; then, A is related to C. Here we face one hurdle. How carnatic music scale can be related to Nifty or Sensex. Only trial and error method is available now and that is what is under way. Some attempts has been made and so far it is OK. Go through it and participate in this attempt. Perhaps it may take years to get a positive answer.
6 comments:
sir
I WISH YOU & VIEWERS A 'HAPPY SIVA RATHRI'.
sir,
In your previous post you have mentioned that nifty will continue its downward trend upto 12th Feb, is it mean that after feb12th can we expect upward trend in Nifty.Sir i am following and observing your post since two months. I was benefitted much but due to misunderstanding sometimes i am taking wrong steps.At this juncture let me clarify one more doubt regarding Agni Level.whether on closing basis if market lies below agni level we should exit our previous/intraday holding long(buY)positions.
Thank You sir
Dear Sri Vijay,
Many traders are confused in times when short term, medium term and long term views differ. For an ordinary trader the best way is to follow the short term trend because, they are mot patient enough to hold their positions in adverse situations. Short term trend may last for 3 to 6 days and Agni level can be used as a yard stick. When ever Nifty is above Agni level in closing basis go long. When ever Nifty is below Agni level exit long.
A similar approach is being taken in the last link given at left ie. http://niftyforum.com/niftyintraday.php . In Nifty 5 day chart when ever green line goes above red line go long, and when green line goes down red line go short - it can be followed intraday basis also.
Long term means 3 years and above. Definitely that is positive and Nifty may reach 7936 levels around April/May 2011 or next odd year.
In between many things can happen that is medium term trend. Considering only one aspect ie. Malayalam month Makaram the Feb 12 was mentioned. On Feb 13 the month Kumbham starts.When other factors also come into play that may or may not hold good. It is safe to go by Agni level and the chart mentioned above.
Om Nama Shivaya.
sir
Thanks alot for your prompt reply.
Hello Sir,
I am Vijayasimha Vellanki from New Delhi. I've been intrigued by your blog as I am both, a trader and a Carnatic music student.
While my knowledge of Carnatic music is not that good, my mother's is. In fact, she just finished writing a musical treatise - an encyclopedia of Carnatic Music (in Telugu), which I am translating into English.
In trading, I follow the Elliot Wave Principle and I strongly believe that the market has a rhythm.
I really want to understand your philosophy of tracking the markets based on Carnatic raagas. Mine is a genuine desire to understand and learn. So, please do enlighten me.
Warm regards,
Vijay
wheel2wheel@gmail.com
Dear Vijaysimha,
Quote from you "In trading, I follow the Elliot Wave Principle and I strongly believe that the market has a rhythm."
What is that rhythm? Can it be some carnatic music ragas? That is what vipanisangeetham is trying to explore. Both EWT and music has close relationship with Fibonacci numbers. If A is related B and B is related to C; then, A is related to C. Here we face one hurdle. How carnatic music scale can be related to Nifty or Sensex.
Only trial and error method is available now and that is what is under way. Some attempts has been made and so far it is OK. Go through it and participate in this attempt. Perhaps it may take years to get a positive answer.
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