Nifty closes below Agni level - 2nd day

Today(31-3-10) Nifty closed at 5249 with a loss of 13 points. Today's Nifty range was 5235 - 5294. As Nifty closing is below the Agni level at 5308 Nifty may decline during next few days. Agni level for 1st April 2010 is at 5292 and 2nd April(Friday) is a holiday on account of Good Friday.

Nifty closes below Agni level

After moving in the range 5297 to 5325 up to 14.00, Nifty today(30-3-10)closed at 5262 with a loss of 41 points, below the Agni level at 5298. Being a Full Moon day coupled with Moon's conjunction with Saturn it was doubtful whether Nifty can continue its momentum today. Tomorrow's Agni level is at 5308 and Nifty is likely to close below that level, provided Mutual Funds are not keen to jack up their NAVs, because 31st March is the last day of current financial year.

Nifty closes above Sudha Madhyamam

Though at the opening, Nifty was minus 40 points today(29-3-10),soon it went in to positive and moved up to 5330 ( 48 points plus) before closing at 5303 with a gain of 21 points. Let us see whether today's upward momentum is in tact tomorrow also. By the way tomorrow is a Full Moon day. Tomorrow's Agni level is at 5298.

Nifty closes at the centre of Sudha Madhyamam

Friday also followed the recent pattern of closing near the opening level. On Friday(26-3-10)Nifty closed at 5282 with a gain of 22 points at the centre of Sudha Madhyamam(5286). This closing level we have seen last on 6-01-2010(5281.80) after 28-2-08 (5285.10). We have seen Nifty pausing at the important levels ie. 4759 (5-2-10), 4859 (23-2-10) and 5123(15-3-10) and move up higher. So,next week may give an indication whether Nifty will move up further to 5464 or return to 5123. Tomorrow's Agni level is same as that of Friday ie. 5251.

Note: Usually MFs will try to jack up prices at the end of quarters to improve their NAVs. As Nifty is at crucial level now they may turn to non-index stocks.

Nifty may move above centre of Sudha Madhyamam

Up to 14.30 today(25-3-10)Nifty traded in negative territory in a very narrow range of 5203 - 5226. After that Nifty surged 42 points to touch 5267 and close the day at 5260 with a gain of 35 points, above the Agni level for the day at 5259. So, being an Exceptional Friday Nifty may move up further tomorrow and pass centre of Sudha Madhymam (5286). If tomorrow's close is above centre of Sudha Madhyamam, Nifty may move to top of Sudha Madhyamam (5464)in coming days. Tomorrow's Agni level is at 5251.

Nifty closes with twenty points gain.

Today(23-3-10)Nifty opened at 5244 with a gain of 39 points, moved downwards up to 5193, moved up to 5235 and closed at 5225 with a gain of 20 points. Agni level for Thursday(tomorrow ie. 24th March is a holiday on account of RAM NAVMI)is at 5259.

Nifty closes below Agni level

Today(22-3-10) Nifty opened at 5187 with a loss of 76 points and closed at 5205 with a loss of 58 points. In between Nifty moved in negative territory only in the range 5197 - 5249. Today Nifty closed below the Agni level at 5306. Tomorrow's Agni level is at 5284. As tomorrow's Soma-Surya levels are same as of today, Nifty may recover all the the losses, provided world market cues are favorable.

Nifty futures touched centre of Sudha Madhyamam

Nifty's Friday(19-3-10) movement was similar to that of previous day. It opened at 5261 with a gain of 15 points, moved most of the day in negative territory, moved upward up to 5270 after 14.30 and closed at 5263 with a gain of 17 points. When Nifty was at 5270 Nifty futures touched 5282. Hence, it can be construed that Nifty touched the centre of Sudha Madhyamam. As tomorrow's Agni level is at 5306, Nifty is likely to close below that level tomorrow. Effects of rates hike (Repo & Reverse Repo) announced by RBI after market hours on Friday will be seen on Monday.

Nifty yet to touch centre of Sudha Madhymam

Today(18-3-10)Nifty opened at 5245 with a gain of 13 points and closed the day at 5246 with a gain of 14 points. Intraday it declined to 5214 and went up to 5256. Expectation that Nifty may touch centre of Sudha Madyamam today didn't materialise. Let us see whether it materialises tomorrow. Tomorrow's Agni level is at 5259.

Nifty moves near to centre of Sudha Madhyamam

Today(17-3-10)Nifty opened at 5232 with a gain of 34 points and closed the day exactly at that point itself. Intraday it declined to 5222 and went up to 5261, near centre of Sudha Madhyamam (5286). Expect Nifty to touch centre of Sudha Madyamam tomorrow. Tomorrow's Agni level is at 5219 and Surya level 5306.

Nifty closes above Agni level on Tuesday

Please go through the post dated 11th March, 2010. That is what happened today(16-3-10). Nifty closed the day at 5198 with a gain of 69 points. Agni level for tomorrow is at 5180. (Note: Due to network problems could not post it yesterday)

Nifty again closes flat in Sudha Madhymam

Today(15-3-10)at the opening time itself Nifty touched both high (5151) and low (5102) of the day and the movement thereafter through out the day was in negative territory in the range 5101 - 5138. Today also Nifty does not move to "Ga" in the daily scale (5161)and closed flat at 5129 with a loss of 8 points, in Sudha Madhyamam (R20A1). As Nifty closing is again in Sudha Madhyamam (3rd day) it is neither positive nor negative. Agni level for tomorrow is at 5147. As Moon - Venus conjunction is on 17th March, expect market to decline within two/three days.

Nifty closes flat in Sudha Madhymam

On Friday(12-3-10)Nifty moved in a narrow range 5122 - 5158 and closed flat at 5137 with a gain of 4 points. It may be noted that on Friday also "Ga" on daily scale (5161) was not touched. If Nifty moves to "Ga" (5161) in this week, Nifty may move to centre of Sudha Madhyamam (5286) also. Tomorrow's Agni level is at 5140.

Nifty close in Sudha Madhyamam(above 5123)

Though Nifty today(11-3-10)opened at 5104 with a loss of 12 points it closed at 5133 with a gain of 17 points. Till 15.00 Nifty high was only 5135. The surge there after pushed Nifty up to 5153 and close at 5133 on averaging, in Sudha Madahyamam range(above 5123). However, Nifty close is below the Agni level for the day at 5143. Tomorrow's Agni level is at 5146. Any move above 5146-5161 may take Nifty near to Surya level at 5216.

Nifty again closes at top of Anthara Gandharam

Today(10-3-10)also Nifty movement range limited to 5092 - 5137 and close at 5116 with a gain of 14 points, at top of Anthara Gandharam. Tomorrow's Agni level is at 5143.

Nifty closes near 5100

Nifty today(9-3-10)moved in a very narrow range of 38 points ie. 5094 - 5132 and closed at 5102 with a loss of 22 points. At the time of closing Nifty was at 5094 and on averaging only it improved to 5102. The decline may continue tomorrow also. The Agni level for tomorrow is at 5157

Nifty closes at top of Anthara Gandharam(R20A0)

Today(8-3-10) Nifty opened at 5147 with a gain of 58 points and closed at 5124 with a gain of 35 points, at the top of Anthara Gandharam(5123). Nifty spot range today was 5110 - 5147 and Nifty futures 5105 - 5145. As Nifty close is at top of Anthara Gandahram it is likely to start its decline, provided it does not move to "Ga"(5168). Tomorrow's Agni level is at 5196.

Nifty close near top of G2 (R19A14) - Third day

On Friday(5-3-10)Nifty opened at 5114 with a gain of 34 points, moved in the range 5068 - 5119 and closed flat at 5089 with a gain of 9 points ie. at R19A14 itself. This is the third consecutive day Nifty closing is at R19A14 in Anthara Gandharam range. However, Nifty close was below the Agni level 5148. A move to 5123 ie. the boarder of Anthara Gandharam & Sudha Madhaymam can be expected. Tomorrow's Agni level is at 5190.

Tracking sideways movement in Music Scale

Please see the sideways movement Nifty had during January 2010 when it hit the recent high of 5310. After staying in the centre of Sudha Madhyamam for 12 days Nifty started to decline. Now we are in the next lower level ie. Anthara Gandharam for the last 5 days.

Nifty closes flat at 5080(R19A14)

Though opened up at 5097 with a gain of 9 points, Nifty immediately moved down to a narrow range of 38 points(5049 - 5087)and closed the day(4-3-10)at 5080 with a loss of 8 points at R19A14 itself. Even though market is mildly down, many stocks like Suzlon, Sesa Goa, Moser Baer, Maytasinfra, Apollo Tyre, JK Tyre, IFCI, Zuari Agro surged up. As tomorrow's Agni level is at 5148, Nifty may close below the Agni level tomorrow.

Nifty moving closer to top of Anthara Gandharam

After opening at 5040 with a gain of 23 points, Nifty today(3-2-10) improved its gain similar to yesterday and closed at 5088 with a gain of 71 points. Tomorrow it may move to top of Anthara Gandharam(5123) before declining. Tomorrow's Agni level is at 5066 and signal to exit long positions may be generated Thursday or Friday.

Nifty closes above centre of Anthara Gandharam

Today(2-3-10)on favorable global cues Nifty opened at 4996 with a gain of 74 points. After 13.00 gain improved and it reached 107 points near the time of closing and on averaging Nifty closed at 5017 with a gain of 95 points. Nifty high reached was 5029 and Nifty futures 5035. As Nifty closure is above the centre of Anthara Gandharam (4960) Nifty may move up further to the top of Anthara Gandharam (5123) if it crosses tomorrow's Surya level at 5053. Tomorrow's Agni level is 4964.

Yesterday's post - thoughts exposed.

The planetary positions on 1st March 2008 and 1st March 2010 are given in the charts with the Moon's conjunction dates with Jupiter,Mercury,Venus and Mars. Mars' retrograde was over before March in 2008 where as this year it will be over by 9th March only. The earth quakes appearing in various parts of the world may be due to the positioning of three planets&Sun in one place and Saturn&Moon around 180 degrees from that position. Full Moon appears when Sun and Moon creates 180 degrees angle from Earth. It may influence markets also. Let us wait for two weeks to check it.