Today(15-9-10)Nifty opened at 5792 with a loss of 4 points, moved up to 5869 and closed at 5861 with a gain of 65 points. Nifty moved to red - just 4 points at start. Nifty futures range was 5811 - 5875, having a difference of 64 points. Today also Nifty futures opened in discount and closed in premium. If Nifty stays in the Panchamam range for a couple of days, logically it should move to centre of P (5952). But then PE of Nifty will be above 25 which is very difficult to comprehend now. Tomorrow's Agni level is at 5897.
3 comments:
Sir,
Is there a paatern which can emerge from agni level and thus can be used to correctly predict the path?
Dear Amitso,
Agni level is derived from the Kamolikav (vfmdirect) indicator which is based on closing values of Nifty & 5 day moving averages and as such there is no fixed pattern for it. Generally Nifty changes sides ( above / below) in 5 to 6 days, but this time it was very long.
Imagine a stone tied in a string and swing it above your head horizontally. Your hand is Nifty and Agni level is the Stone. Agni level moves left and right. Speed of stone movement will be based on your hand movements.
Movement of Mercury is also having similarity with Agni level movement with reference to Nifty. Mercury circles around Sun once in 88 days. When viewed from Earth, it seems that mercury is moving forward and backward and the backward movement is called retrograde (vakri in Hindi). Interestingly Mercury was in retrograde from 21/8/10 to 13/9/10.
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