Nifty closes flat again after recovering 53 points

Today(31-8-10) Nifty opened at 5379 with a loss of 36 points, moved up to 5401, declined to 5349 (12.35), surged up to 5414 and closed flat (@R21A2) at 5402. In spite of intraday high volatility, for the last three days Nifty was closing at the same level ie. @ R21A2 - RI . At the same time Agni level was declining steadily giving indication of a reversal. As tomorrow's Agni level is at 5375 go long if Nifty holds above that level. Today's Nifty futures range was 5414 - 5356.

Despite strong opening Nifty closes flat

Despite the opining at 5469 with a gain of 60 points today(30-8-10) all the gains were fizzled out and Nifty moved to negative territory between 14.00 to 14.30 and closed flat at 5415. Though exceptional Friday effect lifted Nifty as expected at the opening it could not maintain that level. Nifty futures range was 5465 -> 5390, some what similar to yesterday. Tomorrow's Agni level is at 5382 and do not hold longs if Nifty moves below that.

Nifty closes in M1

On Friday(27-8-10) Nifty opened at 5495 with a gain of 17 points, declined and moved in the range 5452 - 5483 up to 13.30, later declined fast to 5392 and closed at 5409 with a loss of 69 points. Nifty closing on the first day of new series (Sept) is exactly at the last day of July F&O (29th July,2010). Nifty futures range was 5490 -> 5398, a decline of 92 points. As Exceptional Friday effect was missing it may appear on Monday. Agni level for Monday is at 5412, indicating a buy when Nifty moves above it.

Nifty closes at bottom of M2 - 2nd day

Today(26-8-10)Nifty opened at 5482 with a gain of 20 points, moved in the narrow range 5464 - 5482 till 14.00, moved down to 5455(15.00), surged to 5484(15.25) and closed at 5478 with a gain of 16 points - High volatility between 14.10 and 15.30. Nifty futures range was 5458 - 5489. Being an exceptional Friday a small upmove and positive closing expected. Tomorrow's Agni level is at 5481. Cover shorts when Nifty moves above 5481.

Nifty closes at bottom of M2

Today(25/8/10)Nifty opened at 5489 with a loss of 16 points, moved up to 5506, declined to 5453 and closed at 5462 with a loss of 43 points. Today's Nifty close is at the bottom of M2(5464). Nifty futures range was 5503 -> 5461. As today's Agni level was 5581, Nifty remained and closed below the Agni level indicating further downward moves. Supporting indication is the rise in gold prices (see the chart). Gold prices increased from Rs.1850/- to Rs.1870/-. Being F&O settlement day, high volatility can be expected tomorrow. Tomorrow's Agni level is at 5520.

Nifty closes below Agni level

Today(24-8-10, a full moon day) Nifty opened at 5539 with a loss of 5 points, moved upwards to 5547, steadily declined to 5488 and closed at 5505 with a loss of 39 points. As today's Agni level was 5592, Nifty remained and closed below the Agni level indicating further downward moves. Nifty futures range was 5540 -> 5480 ,a difference of 60 points. Tomorrow's Agni level is at 5581.

Nifty closes exactly at Agni level (5544)

Today(23-8-10)Nifty opened at 5542 with a gain of 11 points, moved in the very narrow range 5519 - 5550 and closed exactly at the Agni level ie. 5544 with a gain of 13 points. Nifty futures range was 5515 - 5543, having a difference of 28 points only. As tomorrow is a full moon day and F&O settlement is just two days away, high volatility can be expected. Tomorrow's Agni level is at 5592.

Nifty closes flat at R21A10

On Friday(20-8-10)Nifty opened at 5513 with a loss of 27 points, moved in the narrow range 5513 - 5547 and closed at 5531 with a loss of 9 points. Nifty futures range was 5507 - 5537. As tomorrow's Agni level is at 5544 exit longs if Nifty does not close above Agni level. Also note that full moon is on Tuesday.

Wish you a very Happy Onam

Onam festival which is being celebrated in Kerala and Malayalees world over is on the day when Surya(Sun) is in Chingam (Leo) and Chandra(Moon) in star Thiruvonam (centre star of Capricornus). Story of Mahabali and Vamana (an incarnation of Lord Vishnu) is associated with the festival. Started as a harvest festival in ancient times (when clocks & Watches are not in existence) has now transformed in to a commercial festival. It is told that all major consumer durable companies sell 30% of their annual targets, during the fortnight near Onam festival. As the position of the Sun and the Moon is such that during "Onam" moon light is always available and Onanilavu( Onam moon light)is also associated with it. Planetary position as on 23rd August 2010 is given below.

Nifty closes in M2

Today(19-8-10)Nifty opened at 5506 with a gain of 27 points, declined a bit to 5495, moved up to 5545 and closed at 5540 with a gain of 61 points in M2(Prati Madhyamam -
low, Centre & High are 5464, 5642 & 5797 respectively). Though a move to the centre of M2(5642) is logical, other figures are not supporting for such a move now. Today's Nifty PE is @ 23.28. Nifty futures range was 5486 - 5534, having a difference of 48 points. Tomorrow's Agni level is at 5494.

Nifty closes again near top of M1

Today(18-8-10) on global cues Nifty opened at 5455 with a gain of 41 points, moved in the narrow range 5427 - 5448 up to 14.00, later surged steadily to the anticipated range of 5480 - 5500 and closed at 5479 with a gain of 65 points. Nifty futures range was 5418 - 5441 up to 14.00 and added 53 points before closing. Tomorrow's Agni level is at 5448. As Surya level is at 5505 further upward movement will be very limited.

Nifty closes flat, above the Agni level.

Today(17-8-10)was an inside day ie. Nifty's movement was in between yesterday's low(5397) and high(5465). Nifty opened at 5438 with a gain of 20 points, moved in the narrow range 5409 - 5444 and closed at 5414 with a loss of 4 points. Nifty futures range was 5410 - 5444. Though in the morning Nifty futures was in discount, at the time of closing a whopping 12 point premium was seen. Considering the above and the fact that Nifty didn't go below the Agni level today, an upward move again towards 5480 - 5500 levels is the possibility. Tomorrow's Agni level is at 5411.

Nifty closes below Agni level

Today(16-8-10) Nifty opened at 5465 with a gain of 13 points, moved in the range 5443 - 5465 up to 13.00, declined to 5397 and closed at 5418 with a loss of 34 points. Nifty futures range was 5393 - 5474. Tomorrow's Agni level is at 5406.

Nifty closes near top of M1, above Agni level

On Friday(13-8-10)Nifty opened at 5438 with a gain of 22 points, moved in the range 5438 - 5477 and closed at 5452 with a gain of 36 points. Nifty closing is above the Agni level for the day and near the top of M1(5464). Nifty futures range was 5420 - 5479. Tomorrow's Agni level is at 5421.

From August 10th(Amavasi day) to 13th DOW closed in red with -54.50, -265.00, -58.80, -16.80 points respectively. Corresponding figures of Nifty were -25, -40, -4 and +36. Decline in DOW was as expected, but Nifty's decline was less than anticipated. Friday's +36 positive closing may be due to Exceptional Friday effect even though it was not expected due to the conjunctions of 4 planets on that day. Except Sun's transit to Leo on 17th no other important astro aspects during this week. So go as per Agni level indications.

Vande Matharam ..............................

LONG LIVE INDEPENDENCE. WISH MANY MANY RETURNS OF HAPPY AUGUST 15TH.

Nifty closes below the Agni level - 3rd day

Today(12-8-10)on adverse global cues Nifty opened at 5372 with a loss of 49 points, moved in the range 5384 - 5404 up to 12.30, surged to 5431 and closed flat at 5416. Nifty futures range was 5364 - 5432. Despite heavy selling worldwide (DOW 265 points down)Indian market(Nifty & Sensex)held yesterday levels today at the closing. It may be due to the good performance of State Bank of India(up 7.11%), results of which was announced after 12.30 p.m. However, Nifty closed below the Agni level(5451)today also. Tomorrow's Agni level is at 5438.

Nifty closes below the Agni level - 2nd day

Today(11-8-10)Nifty opened at 5455 with a loss of 6 points, moved upwards to 5475 (5472 is today's Agni level), steadily declined to 5412 and closed at 5421 with a loss of 40 points. Nifty futures range was 5404 - 5468, a difference of 64 points. On 8th Aug 2010 Singapore Nifty low was also 5404. Tomorrow's Agni level is at 5451. As expected, Nifty commenced its downward journey and first stop may be centre of M1(5286).

Nifty closes at top of M1, below Agni level

Today (10-8-10) Nifty opened at 5466 with a loss of 20 points, moved up to 5484, declined to 5445 and closed at 5461 with a loss of 25 points. Today's Nifty closing is at the top of M1(5464) and below the day's Agni level(5487). Nifty futures range was 5440 - 5475. Tomorrow's Agni level is at 5472. Next 3 days is crucial as already told.

Nifty closes above Agni level

Today(9-8-10)Nifty opened at 5447 with a gain of 8 points, gained steadily to 5492 and closed at 5486 with a gain of 47 points. As average of low and high is 5463, Nifty is still in M1. If Nifty moves to M2 tomorrow then 5642 becomes a possibility. In that case next down move may not be much larger. Nifty futures range was 5437 - 5489. Tomorrow's Agni level is at 5487.

Amavasi( no-moon day) on 10th August.

On Friday(6-8-10)Nifty opened at 5437 with a loss of 10 points, moved up to 5472, declined to 5431 and closed flat near opening level at 5439(-8 points). Nifty futures range was 5431 - 5475. Nifty didn't generate expected downward momentum though Singapore Nifty touched a low of 5404. No moon day is on 10th and hence 11th to 13th may be crucial. Monday's Agni level is at 5476.
Planetary positions as on 13th August 2010 is given below. Moon conjuncts with Saturn,Venus & Mars in Virgo and Jupiter @180° in Pisces, which is a rare event. Sun is in Cancer and Mercury in Leo. (Rahu in Sagiturus and Kethu in Gemini. Kethu will be always in the 7th Rasi from Rahu ie. 180°. As Rahu takes 18.6 years to circle around earth, it stays in the same Rasi for more than one and half years).

Nifty closes exactly at Agni level (5447)

Today(5-8-10)Nifty opened at 5483 with a gain of 15 points, moved in the range 5367 - 5487 till 14.35, discarded 27 points to touch 5443 and closed exactly at today's Agni level @ 5447 with a loss of 21 points. Nifty futures range was 5453 - 5483. Tomorrow's Nifty movement may perhaps confirm whether the reversal started today as indicated in yesterday's post "Despite strong global cues ....". Let us see. Tomorrow's Agni level is at 5483.

Nifty closes at top of M1 - Nifty PE Ratio @ 23.07

Today(4-8-10)Nifty opened at 5451 with a gain of 11 points, moved in the range 5428 - 5453 till 15.00, added 35 points thereafter to touch 5482 and closed at 5468 with a gain of 28 points at the top of M1(5464). At closing, Nifty PE Ratio is @ 23.07 which is beyond the normal range. It is high time for ordinary retail investors to keep away from the market. Those who are holding stocks at 2007 levels can utilise this opportunity to exit. Nifty futures range was 5422 - 5472. Tomorrow's Agni level is at 5447.

Despite strong global cues Nifty closes flat

Despite huge gains around 2% in world markets Nifty remained subdued. Today(3-8-10) Nifty opened at 5459 with a gain of 27 points, remained in the narrow range of 5429 - 5447 and closed flat at 5440 with a gain of just 8 points. Nifty futures range was 5411 - 5448.
Last two days Nifty was above the Agni level regardless of adverse astro factors. That indicated a limited upmove or one day up one day down move reminding the reversal of upmove started from 9th June,2010 ( refer GANN chart). If that is the case, reversal may start on 5th and terminate on 13th. But cannot jump into conclusions with out clear evidence. So, trade according to what Agni level indicates. Wait till Nifty moves below Agni level to go short and go long whenever Nifty moves above Agni level.

Nifty closes above the Agni level

Today(1-8-10)Nifty opened at 5419 with a gain of 51 points, moved in the range 5410 - 5439 and closed at 5432 with a gain of 64 points. Nifty futures range was 5402 - 5442. Nifty close is above the day's Agni level at 5385. Tomorrow's Agni level is at 5385.

Nifty closes @ 5368, below 21x (ie. 21x256=5376)

On Friday(30-7-10)Nifty opened at 5413 with a gain of 4 points, soon declined to 5383 and stayed the range 5383 - 5409 till 14.00, after that declined further to 5356 and closed at 5368 with a loss of 41 points on averaging. NSE data shows a low of 5349.20. Nifty futures range was 5369 - 5419. Tomorrow's Agni level is at 5378.