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.
5 comments:
sir
Good morning
I am observing and following your blog from past three months based on that this month i short nifty around 5240.sir what is your view/idea about nifty future in this expiry.Kindly give your valuable advice.
sir in your previous message posted(i.e., on 16/3/09), you said that nifty will decline with in 2/3 days because moon in conjunction with venus on 17th march.shall i take into consideartion that one can see fall in nifty from 22nd(i.e monday) onwards because already on 19th march nifty touched to sudhamadhyamam i.e., 5286 closer.sir i want to ask you, how many days nifty fall will continue and also last month you gave a reply that nifty may even touch 4200 levels in the month of march/April.is it possible to see that level in the month of April-2010.
Thank you sir
Can you tell me your trading style in details. I found it very interesting.
email : markethypothesis@gmail.com
Blog : http://markethypothesis.blogspot.com
Dear Vijay,
As 16th March was a new moon day, the conjunction of Moon with Venus on 17th had a positive effect on Market. Further, Nifty was above the Agni level which is positive to market.
Monday, if Nifty closes below Agni level a small decline up to 25th can be expected. As 26th is an Exceptional Friday (Friday after the F&O settlement)an up move at least on intraday to the tune of 80-100 points can be expected. Nifty may hold 5100 level during expiry of March series. Watch Agni level for up and down moves of Nifty. As you may have noted Nifty didn't decline as expected. Words of wisdom is "NEVER TIME THE MARKET".
Dear Market Hypothesis,
Nifty will move up when it is above the Agni level and it will decline when it is below the Agni level. Where the upmove or downmove may terminate or pause will be centre of swaras(see left side) or middle of two swaras. On that basis you can take your own strategies.
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