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).
6 comments:
sir which is anshra gandharam rate ?
Dear Tenson,
The Anthara Gandharam range has been included in the post itself for the convenience of all. Centre of all the levels are on the left side. Mid points are half of the difference of two centres.
Thanks for clarification
Dear Sir,
I am a regular follower of your blog. Even though I have no knowledge about the study you do, I find the daily levels useful.
I have a couple of questions to ask ..
1. Can this study be applied to longer term levels?
2. Can this study be applied to individuals stocks?
Also, Please can you share your medium term view on the markets.
Thanks a lot.
Vineet
Dear Vineet,
1.The scales shown left side is for long term only. From 2007 to 2010 Nifty reached only middle of it and declined to earlier scale(octave)and returned to the present level. Can a period more than 3 years can be considered long term?
2.Hope, this can be applied to a stock also, as all things in the universe follow the natural cycle. But, that may not follow the same movement as of Nifty. Nifty is a combined result of 50 top shares and may be moving very close to natural cycle. A single stock's movement will be different. Consider Nifty as an orchestra of 50 musical instruments and each stock represents one instrument. As you might have observed the wind instrument flute will be silent while all other instruments are in high pitch. Flute starts to rise when other instruments recede and carries the listeners with it to different heights which is most enjoyable. Some stocks are like that.
3. What is medium term ? What is not short term (3 to 10 days) and not long term (above 3 years)can be grouped in to medium term. Any other definition ? Nifty may go down to Rishabham - 4464 / 4232 before June, 2010 seems possible. But don't jump in to conclusions and make trades based on this. For an ordinary trader short term is the best suited one. Go through the comments in earlier posts where a similar question is answered.
comments on 12th February (Mahasivaratri) post.
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