Highly volatile day

Today(31-11-11)Nifty opened at 4755 with a loss of 50 points on Asian market cues, moved up to 4789, moved down again to 4755, moved up to 4852, moved down again to 4780, moved up again to 4843 and closed at 4832 with a gain of 27 points. Nifty futures range was 4756 - 4862, having a difference of 106 points. As stated earlier, if Nifty moves above top of G1(4859) Nifty may move to 4912 - centre of G2(4960). Agni level for tomorrow is at 4838.

Nifty remains in G1 ie. below 4859

As Asian market cues were not good, Nifty didn't move to G2 as expected and remained in G1 itself. Today(29-11-11) Nifty opened at 4864 with a gain of 13 points, swiftly moved down to 4803, moved up to 4866, moved again down to 4787 and closed at 4805 with a loss of 46 points. Nifty futures range was 4788 - 4885, having a difference of 97 points. Tomorrow's Agni level is at 4795 and shifting from longs to shorts may be due today or tomorrow. Never hold longs when Nifty is below Agni level.

Nifty moves to top of G1(4859)

Today(28-11-11)Nifty opened at 4766 with a gain of 56 points, moved in the range 4793 - 4824 up to 14:00, moved up to top of G1(4859) and closed at 4851 with a gain of 141 points. Nifty futures range was 4750 - 4875, having a difference of 125 points. Nifty may move to 4912 & centre of G2(4960)shortly. Agni level for tomorrow is at 4721.

Nifty closing level holds 4700

On Friday(25-11-11)Nifty opened at 4710 with a loss of 46 points, moved further down to 4701, moved up to 4767(66 points up move on EFE against the expected 50 - 100 points), moved in the range 4726 - 4762 till 13:50, moved down to 4693 thereafter and closed at 4710 with a loss of 46 points. Nifty futures range was 4689 - 4778, having a difference of 89 points.
Thus, in this week Nifty breached earlier low of 4720 for the year and created a new low of 4639. It is yet to reach the anticipated minimum of 4612 mentioned in the post dated 18th November,2011. However, Nifty closing remained above 4700 level. There was also two positive closings during this week as expected in the post dated 20th Nov 2011. Whether Nifty may move to sub 4612 level or move a little up before that is to be seen during next week. Agni level for Monday is at 4660.

Nifty close maintains 4700 level

Today(24-11-11)being expiry day for F&O November series, market was highly volatile. Nifty opened at 4714 with a gain of 8 points, moved downwards to 4639(4639.10 - Nifty's lowest for the year 2011), moved up to 4708 crossing the Agni level @4652, moved again down to 4670, moved up fast 100 points within 30 minutes to 4771 and closed at 4756, at the centre of G1 with a gain of 50 points. Interestingly, the significant up move is seen on the preceding day of New Moon. Thus today also Nifty closing was above 4700 level. Nifty futures range was 4633 - 4768, having a difference of 135 points (very close to yesterday). Tomorrow being an exceptional Friday (condition No.1 - next day after F&O settlement) Nifty may move up 50 - 100 points (may be intra-day due to lack of cues from USA as their markets are closed for thanks giving festival). Tomorrow's Agni level is at 4638.

Nifty new low for the calendar year 2011 is 4640.95

Today(23-11-11) Nifty opened at 4780 with a loss of 32 points, moved in the range 4733 - 4758 up to 12:00, moved down wards swiftly breaking this years low of 4720 (as expected) to 4641, moved up to 4716 and closed at 4706 with a loss of 106 points. Nifty futures range was 4775 -> 4632, having a difference of 143 points. Tomorrow's Agni level is at 4652.

Caution: Today's Agni level 4704 was 108 points below yesterday's closing of 4812. Some new visitors fallaciously think that Nifty can be bought at any price if it is above Agni level. It was clarified earlier also that ideal Nifty buy/sell is around 20 points from Agni level, to avoid huge loss if trend reverses. As Agni level is having a bandwidth of 16 points, buy/sell should be effected only after Nifty moves plus/minus eight points from Agni level. Further, it was also advised that "Day trading Manthra" is to be applied. Today's Nifty movement teaches it well.

After 8 days Nifty closes in Green & above Agni level

Today(22-11-11)Nifty opened at 4795 with a gain of 17 points, moved up to 4854, moved down to 4787 and closed at 4812 with a gain of 34 points. Thus after 8 days Nifty closed in green and above Agni level. Nifty futures range was 4781 - 4860, having a difference of 79 points. Tomorrow's Agni level is at 4704 and Nifty may swing between positive and negative.

Rupee falls below 52 against dollar - RBI to intervene

Notification dated 3rd November 2009 :
The Reserve Bank of India (RBI) has concluded the purchase of 200 metric tonnes of gold from the International Monetary Fund (IMF), under the IMF’s limited gold sales programme. This was done as part of the Reserve Bank’s foreign exchange reserves management operations.

Today's News:
Rupee falls below 52 against dollar; lowest since March 2009.

As Rupee falls below 52 against dollar RBI intervention is required to save Rupee.
RBI can utilise the gold procured in 2009 to avoid purchase of gold from out side for three months and save foreign currency now. Further, as the gold was procured for a low price at that time the profit generated can be utilised for reducing the deficit.

The second option is to create a gold ETF utilising the above gold and issue it to public redeemable against their purchase of gold jewellery from jewelers. RBI can release gold to jewelers by accepting gold ETF. That also will avoid import of gold for at least three months. The advantage is RBI need not release all the gold now.

Nifty moves to G1

Today(21-11-11)Nifty opened at 4874 with a loss of 31 points, moved down steadily to 4765 and closed at 4778 with a loss of 127 points. Before 10:00 Nifty entered G1(< 4859)and almost reached centre of G1(4759) and may be moving to bottom of G1(4612), once recent low of 4720 breaks. Nifty futures range was 4879 -> 4768, having a difference of 111 points. Tomorrow's Agni level is at 4753.

Nifty up 78 points on Exceptional Friday Effect (EFE)

On Friday(18-11-11)Nifty opened at 4890 with a loss of 45 points, moved down to 4848(bottom of G2 is 4859), moved up to 4879, moved down to 4838, moved up again to 4916 and closed at 4905 with a loss of 30 points. Thus the up move on EFE is 78 points against the expected up move of 50 - 100 points. Nifty futures range was 4845 - 4922, having a difference of 77 points. Including Friday, Nifty was in red for the 7th day(maximum earlier was 9 days during 25th April 2011 to 5th May 2011). So, during this week positive closing for one or two days cannot be ruled out. Tomorrow's Agni level is at 4843.

Grahanila(planetary positions) as on 21st Nov 2011

The Sun, Venus, Mercury & Rahu in Scorpio, Jupiter in Aries, Kethu in Taurus, Mars in Leo, Moon in Virgo and Saturn in Libra. The comments on 1st November 2011 post is given below for the information of all:

joe said...
Sir it would be great if you post the effects of the grahas position you gave i know you dont predict based on astrology
November 1, 2011 11:41 AM

Sujatha said...
Sir,
what is the impact?? :P donno anything :)
by the way "US economic data" pending if not satisfactory index may pull down?? this planetary is showing that??
regds
November 1, 2011 2:53 PM

Nandi said...
Dear Joe, Sujatha,
As stated last month also (see comments)Nandi is not an astrologer. As such the effects of the planets is beyond the scope of vipani sangeetham. However, it is felt that the configuration of Sun and other planets in the Rasi where Rahu is not good for markets. Please read the post "Hurst, Rahu and the sky signals" dated 24th September 2011.
Nandi feels that Nifty low is yet to come and that may be when Sun is in Scorpio ie. between 17th November to 16th December and Nifty should touch at least 4612.
But, don't forget market is Supreme.
November 1, 2011 11:06 PM

The Nifty fall from last Full Moon day(10th Nov 2011) is given below. Please note that on 10th Indian markets were not trading and there was turmoil in world markets. Next Full Moon is on 10th December, 2011. As Sun and Rahu are in the same Rasi that day a lunar eclipse is taking place. There is no solar eclipse during this time in India. On 25th Nov a partial solar eclipse visible in S. Africa, Antarctica & New Zealand is taking place.

Nifty moves to centre of G2(4960) as expected

Thursday(17-11-11) saw the repetition of Tuesday(15-11-11)ie. moving in a range up to 14:00 and swift down move of more than 50 points thereafter. By the way today the Sun transited to Scorpio where Rahu is present. Nifty opened at 5017 with a loss of 13 points, moved in the range 4992 - 5037 up to 14:00, moved swiftly down to 4919 and closed at 4935 with a loss of 95 points. Nifty futures range was 5052 -> 4915, having a difference of 137 points. It can be seen that Nifty futures low is less than Nifty spot, indicating the vanishing of premium (more than 35 points in the beginning of the month)and the appearance of discount. Today's Nifty average is 4978 and is at centre of G2(4960). Along with that tomorrow falls in the group of Exceptional Friday and hence expect a 50 - 100 points up move intraday (use your technicas to trade). Tomorrow's Agni level is at 4916.

Wolatile Day

Today(16-11-11) was a Wolatile (W = Doble V = VV) day for Nifty. Nifty opened at 5059 with a loss of 10 points, moved down to 4991, moved up again to 5059(today's Agni level was 5057), moved down again to 4990, again up to 5065 and closed at 5030 with a loss of 39 points. Nifty futures range was 4998 - 5080, having a difference of 82 points. If Nifty remains above Agni level(4992) go long. Otherwise Nifty may move to centre of G2(4960).

Saturn transits to Libra and Nifty to G2

Today(15-11-11)Nifty opened at 5123 with a loss of 25 points, moved up to 5159 (today's Agni level was 5153), moved in the range 5126 - 5152 up to 14:00, moved downwards swiftly to 5053 and closed at 5069 with a loss of 79 points. Nifty futures range was 5064 - 5181, having a difference of 117 points. Today Saturn transited from Virgo to Libra and Nifty to G2(Bottom: 4859; Centre: 4960; Top: 5123). As Nifty closing is in G2, it may move to centre of G2(4960)if decline continues. Agni level for tomorrow is at 5057 and shorts should be cleared if Nifty moves above it.

Nifty closes below Agni level

Today(14-11-11)Nifty opened at 5229 with a gain of 60 points, declined and moved in the narrow range 5197 - 5218 till 13:00, moved down steadily to 5141 and closed at 5148 with a loss of 21 points. Nifty futures range was 5249 -> 5148, having a difference of 101 points. Though Nifty opening was above Agni level, after 13:00 it remained below that level. Tomorrow's Agni level is at 5153.

On 11-11-11 Nifty futures moves in 11x5 range

On Friday, the 11-11-11 Nifty opened at 5160 with a loss of 61 points, moved in the range 5142 - 5199 and closed at 5169 with a loss of 52 points. Nifty futures range was 5161 - 5216, having a difference of 55 points. As Agni level for Monday is at 5211 cover shorts and go long if Nifty moves above it.

Nifty closes @5221, below centre of M1

Today(9-11-11)Nifty opened at 5318 with a gain of 29 points, moved in the range 5265 - 5298 up to 14:15, swiftly moved down to 5212 and closed at 5221 with a loss of 68 points. Nifty futures range was 5332 -> 5226, having a difference of 106 points. Today Moon conjunct-ed with Jupiter and tomorrow is a full Moon day (Indian market will remain closed on Thursday on account of Gurunanak Jayanthi). As Nifty has moved downwards from the centre of M1(5286)where it was staying from 1-11-11 it may move to 5168 - bottom of M1(5123) on 11-11-11. Agni level for Friday is at 5251.

Nifty closes at centre of M1(5286) again

Today(8-11-11)Nifty opened at 5301 with a gain of 17 points, moved in the range 5252 (Agni level was at 5250)- 5304 and closed at 5289, with a gain of 5 points. Nifty futures range was 5270 - 5334, having a difference of 64 points. Nifty remained in the plus 20 to minus 32 range and closed at centre of M1 again. Agni level for tomorrow is at 5267.

Nifty closes at centre of M1(5286)

On Friday(4-11-11)Nifty opened at 5326 with a gain of 60 points, moved down to 5294, moved up to 5325, again moved down to 5257 and closed at 5284, at the centre of M1 with a gain of 18 points. Nifty futures range was 5284 - 5354 having a difference of 70 points. Since Nifty is at centre of M1(5286) and also at Agni level(5287), direction of Nifty is obscure. Next week - after the G20 summit - may give some direction. Agni level for Tuesday is 5250(Monday is a holiday on account of Bakri Id).

Nifty closes flat @5266

Today(3-11-11)Nifty opened at 5230 with a loss of 28 points, moved down to 5202, moved up to 5282 and closed flat at 5266. Nifty futures range was 5221 - 5315, having a difference of 94 points. Yesterday's Nifty and Nifty futures ranges were 5205 - 5300 and 5243 - 5335 respectively. Details are given in the table below. Tomorrow's Agni level is at 5287.

Nifty closes below centre of M1(5286)

Today(1-11-11)Nifty opened at 5276 with a loss of 51 points, moved up to 5311, moved down to 5238 and closed at 5258 with a loss of 69 points. Nifty futures range was 5261 - 5335, having a difference of 74 points. As Nifty closing is below centre of M1(5286), Nifty may move to bottom of M1(5123). Agni level for tomorrow is at 5392.

Grahanila(planetary positions) as on 1st Nov 2011

Sun in Libra, Venus & Mercury in Scorpio,Moon in Sagittarius, Jupiter in Aries, Mars in Leo and Saturn in Virgo. Rahu in Scorpio and Ketu in Taurus. Mars will be in Leo for the next six months.