Today also Nifty closes below the Agni level

Today(29-7-10)Nifty opened at 5382 with a loss of 16 points, moved in the narrow range 5382 - 5416 and closed at 5409 with a gain of 11 points. Nifty futures range was 5383 - 5415, a difference of 32 points only which is very rare in a F& O settlement day. Being an exceptional Friday, Nifty may move upwards tomorrow above the Agni level (5403). But, avoid holding longs at the close of the day as there are double conjunctions and formation of 45°, 135° & 180° between planets and the Sun on 31st July and 1st August that may severely affect the market next week.

Please see the chart below. Moon conjuncts with Jupiter in Pisces and Mars conjuncts with Saturn in Virgo. Mars & Saturn forms 180° with Moon & Jupiter ie. they are exactly opposite when viewed from the Earth. And Venus is very close to Saturn & Mars. Sun and Mars&Saturn forms 45° and Sun and Jupiter&Moon forms 135°.

Nifty closes at 5398, below the Agni level

Today(28-7-10) Nifty opened at 5448 with a gain of 17 points, moved between 5420 - 5441 up to 13.00, after that declined up to 5386 and closed at 5398 with a loss of 33 points, below the Agni level. Tomorrow being a F&O settlement day anticipate further decline and a close around 5360. Tomorrow's Agni level is at 5429.

Nifty closed below Agni level with 12 points gain

Today(27-7-10) Nifty opened at 5434 with a gain of 15 points, moved in the range 5407 - 5451 and closed at 5431 with a gain of 12 points(in daily music scale flat at R21A3). Nifty futures range was 5410 - 5459 (today's Agni level was 5459). Despite RBI credit policy announcement and release of quarterly results by a couple of index companies, Nifty didn't move much. Today also Nifty closed below the Agni level for the day(5459) and tomorrow's Agni level is at 5464.

It was really surprising that RBI did not touch CRR or Bank Rate in-spite of double digit inflation due to the price hike of petroleum products. Don't know whether RBI & Central Government is anticipating some bad global news or reduction in crude oil prices in the near future.

Full moon day - Nifty closes below the Agni level

Today(26-7-10), a full moon day, Nifty opened at 5466 with a gain of 17 points, declined steadily to 5409 and closed at 5419 with a loss of 30 points. Nifty futures range was 5417 - 5464. Today's Nifty close is below the Agni level for the day (5441). Tomorrow's Agni level is at 5459 and volatility due to RBI credit policy expected.

Nifty closes at top of M1

On Friday(23-7-10)Nifty opened at 5478 with a gain of 36 points, declined to the range 5435 - 5468, and closed at 5449 with a gain of 7 points at the top of M1(5464). Nifty futures range was 5428 - 5476. Tomorrow's Agni level is at 5441.

RBI Credit Policy and expiry of July contracts besides Full Moon day & Retrograde of Jupiter from 24th are important events this week and volatility expected.

PE R chart of Nifty from the year 1999

Nifty's PER(Price/Earnings Ratio) chart from the year 1999, prepared and posted by Shri Abhay Somkuwar in his blog "value trading" on 6th April 2010 is reproduced above. PER exceeded 24 only on two occasions ie. in 2000 and 2008, after a gap of eight years. On both occasions heavy market crash followed and PER came down to 12. As financial cycles are generally of eight years duration PER exceeding 24 may not happen now and then. Therefore, ordinary retail investors are advised to ignore the profit beyond 23 (2+3=5, all fib numbers) and stay away from the market till PER reduces to a reasonable level after a correction. Who are extremely confident and able to take risk can ignore this and try their luck.

Today's PE Ratio is at 22.75

Today (22-7-10)Nifty opened at 5381 with a loss of 18 points, moved in the range 5372 - 5401 up to 14.00, surged there after to 5447 (+ 48 points) and closed at 5442 with a gain of 43 points. Nifty futures range was 5375 - 5459, a difference of 84 points. Though in the beginning there was no premium, after 11.00 premium began to emerge and at 15.11 premium was highest at 15 points. At closing time premium was at 6 points.
Thus, today Nifty broke the pause and moved upward. As today's PE Ratio is at 22.75 there is little scope for movement above 5500. Exit longs when Nifty goes below Agni level. Tomorrow's Agni level is at 5412.

Waiting for the full moon day ?

Today(21-7-10) Nifty opened at 5400 with a gain of 32 points, moved in the narrow range 5383 - 5409 and closed near the opening level at 5399. Nifty futures range was 5377 - 5412. Tomorrow's Agni level is at 5388.

Please see the table below. On last Wednesday(14th) Nifty sang Ma(5456) Ga(5432) Ri(5400) Sa(5368) - avarohan(dissent). After that, for the last four days it was singing avarthan (repetition of swaras) Sa Ri. Ni Sa Ri is the boarder area and Nifty should move either to Ga(5417) or Da(5303) to end this state and give a direction. The next eventful day ie. 26th July may give a direction and being a full moon day it may be down.

Nifty closing again below the Agni level

Today(20-7-10)Nifty opened at 5416 with a gain of 30 points, declined and moved in the narrow range 5383 - 5409 till 15.00, declined further to 5454 ( loss of 32 points) during the last half an hour and closed at 5368 with a loss of 18 points on averaging. Still the closing was below the Agni level for the day at 5394. Nifty futures range was 5350 - 5412. Tomorrow's Agni level is at 5378 and Nifty may continue its downward movement to the Soma level once today's low is breached.

Nifty closes just below the Agni level

Today(19-7-10) Nifty opened at 5362 with a loss of 32 points, moved in the range 5362 - 5409 and closed at 5386 with a loss of 8 points. Nifty futures range was 5369 - 5416. Tomorrow's Agni level is at 5394, just 8 points above today's close. Therefore, cover shorts when Nifty moves above 5394 and wait for an opportunity to short at higher levels. Going long at these levels is not advisable.

Sun transits to Cancer ( Karkitaka) ie. above 90 °

On Friday(16-7-10) Nifty opened at 5389 with a gain of 10 points, moved in a very narrow range of 5374 - 5391 up to 12.30, moved up to 5401 and closed at 5394 with a gain of 15 points. Nifty futures range was 5372 - 5405. Moon-Mars conjunction effect didn't reflect here. But, DOW was down 261 points(2.52%)which may reflect here on Monday. Monday's Agni level is at 5419.

On Saturday(17-7-10) Sun transited to Cancer ie. above 90 degrees, an important event as per GANN. Sun between 90° to 210° ie. Cancer to Libra is generally not good for market. Mercury also in Cancer, Venus and Mars in Leo, Saturn and Moon in Virgo and Jupiter in Pieces (Chart given below).

Rupee symbol - India on Chinese path ?

Whether the symbol adopted for Indian Rupee contains a message that India wanted to be No.1 financial power bypassing China ? Look at the pictures below and decide. China is yet to adopt a symbol for its currency yuan.

Nifty closes flat at 21x ( ie. 21 x 256 = 5376 )

Today(15-7-10)Nifty opened at 5395 with a gain of 9 points, moved in the narrow range of 5361 - 5395 ( 34 points)and closed at 5379 with a loss of 7 points. Nifty futures range was 5362 - 5408 indicating volatile premium from 1 to 13 points. As Nifty closed below the Agni level, further downward expected. Tomorrow's Agni level is at 5437.

Caution: Moon conjuncts with Venus and Mars, today and tomorrow respectively and that may adversely affect the market.

Nifty closes below the Agni level

Today(14-7-10) Nifty opened at 5353(at top of M1)with a gain of 52 points, gradually declined to 5372 and closed at 5386 with a loss of 15 points. Nifty closing is below the Agni level at 5435 and hence it may continue it's downward move tomorrow. Nifty futures range was 5376 - 5354. Tomorrow's Agni level is at 5452.

Nifty closes above 5400

Today(13-7-10) Nifty opened at 5364 with a loss of 19 points, moved in the range 5358 - 5406 and closed at 5401 with a gain of 18 points. Though Nifty futures was in discount at the opening, it zoomed to 16 points premium after 2.00 p.m. Nifty futures range was 5359 - 5422. Nifty may move to top of M1(5464) if it crosses 5416. Nifty PE Ratio is at 22.63 and it can go up 23 ie. 5489. Above that, experts say a BUBBLE that can burst at any moment. Be cautious. Tomorrow's Agni level is at 5435.

Nifty crosses 5400 intraday

Today(12-7-10)Nifty opened at 5385 with a gain of 33 points, moved from 5361 to 5403 and closed at 5383(near to opening level) with a gain of 31 points. Nifty was seen above 5400 last on 6-2-2008. Nifty futures was in discount through out the day and the range was 5356 - 5400. Today's comments valid for tomorrow also. But, there is a possibility that Nifty may move to negative territory. Tomorrow's Agni level is at 5370 and exit longs when Nifty moves below Agni level.

Paul – the octopus has done it again!

2010 FIFA world cup was concluded yesterday night in Johannesburg with a spectacular closing ceremony. Spain emerged as the soccer world champion last night beating the ‘men in orange’ 1-0. Both the teams played extremely well, and they didn’t score any goal in the 90 minutes of the game.

Spain managed to find a miraculous goal from Iniesta at the extreme end of the additional time and went to become the champions.

2010 FIFA world cup final was perfectly predicted by Paul, the octopus in Germany. Paul has correctly predicted the results of previous matches in this 2010 world cup tournament.

Things connected with number Eight (8) is present in nature everywhere, in ancient Indian scripts, and now in new age electronic equipments - base starts with 8 bits = 1 byte & numbers from 0 through 9 are displayed using an eight(8). The importance of number eight has been described in an earlier post titled "YADA YADA HI DHARMASYA" and it has been used to track the daily movements of Nifty. During the FIFA world cup concluded yesterday in Africa, an Octopus named Paul(in Germany) has become a celebrity . Octopuses have four pairs (ie. eight)of arms and its name comes from "Octo" which means eight.

There was a Solar Eclipse yesterday in Latin American countries at the same time when the World Cup final match was being held in Africa. And it may be a coincidence that all Latin American countries including Argentina and Brazil have been "eclipsed" in this tournament.

Nifty closes above 5350

Friday(9-7-10)Nifty opened at 5337 with a gain of 40 points, moved in the range 5336 - 5357 and closed at 5352 with a gain of 55 points. Nifty futures range was 5326 - 5368. In the morning premium was around 10 points and it reduced to 2 points at the time of closing, which is a negative indicator. Nifty may move to 5464 if it crosses 5416 provided, global cues are favorable. Tomorrow's Agni level is at 5333.

Nifty trades in a narrow range

On global cues, Nifty today (8-7-10) opened at 5310 with a gain of 69 points, moved up to 5321 and closed at 5297 with a gain of 56 points. Nifty futures range was 5304 - 5340, a difference of 36 points. If Nifty moves above today's high it may move to top of M1(5464). Otherwise it may return to 5200 levels. Tomorrow's Agni level is at 5275.

Though Nifty lost 48 points it closes above Agni level

Today(7-7-10) Nifty opened at 5297 with a gain of 8 points, soon moved down to 5246 - 5272 range, after 14.00 declined to 5233 and closed at 5241 with a loss of 48 points. Nifty futures range was 5236 - 5288. Though Nifty closed in red it didn't dip below the Agni level for the day (5231). All new visitors may please remember to exit longs(in Nifty futures) when Nifty moves below the Agni level. As per GANN table tomorrow is a red day. But, since Nifty remains above Agni level it should move up. So, for tomorrow AGNI BREAKS OPEN PREMIUM is the only guide. Tomorrow's Agni level is at 5236.

Updated Nifty figures & GANN table given below

Nifty closes at centre of M1(5286)

Today(6-7-10)Nifty opened at 5245 with a gain of 9 points, steadily moved upwards to 5297 (+ 61 points) and closed at 5289 (centre of M1) with a gain of 53 points. Nifty futures range was 5233 - 5314, a difference of 81 points. As tomorrow's Agni level is at 5231 Nifty may move upwards. As per GANN table 7-7-10 is a red day. So a larger down move after an up move seems logical. Let us see.

Nifty closes flat ( with a red shade)

Today(5-7-10)Nifty moved in a very narrow range of 27 points ie. -11 to +16 and closed at 5236 with a loss of just one point. Nifty closing is just above the Agni level for the day(5232). Nifty futures range was 5234 - 5265, a difference of 31 points only. As Nifty closing is above the Agni level and followed the GANN table posted, Nifty may move upwards tomorrow to the area 5285/5300.

On 2-7-10 Nifty opened in green & closed in red !

On Friday(2-7-10)Nifty opened at 5272 with a gain of 21 points, moved in the range 5226 - 5277 and closed at 5237 with a loss of 14 points. Nifty futures range was 5240 - 5285. As Friday's close is in negative continuously for the second day similar to 24th and 25th June, against the expectation of a positive closing, it seems that another color change may have taken place and that will be confirmed with a negative closing on Monday and the downward move may limited to Soma level (5145). Monday's Agni level is at 5232.

GANN Table & one day up next day down moves

For the last five days(from 25th Jun) Nifty's one day up & next day down jump is continuing with gap up / gap down opening. Today(1-7-10)Nifty opened at 5249 with a loss of 64 points, moved in the range 5232 - 5266 and closed at 5251 with a loss of 62 points ie. at today's opening level. Nifty futures range was 5231 - 5275. Let Agni level be your guide. Tomorrow's Agni level is same at 5276.

Whether the following "GANN Square of 9" table is holding the key of the recent movements of Nifty from 9th June, 2010 ? All yellow square up days up to 23rd Jun, yellow square down days from 25th June as two consecutive days (24th & 25th) Nifty was down. From the table tomorrow is an up day. Let us see what happens.