Nifty closes at 5248 with gains

Today(30-4-12)Nifty closed at 5248 with a gain of 57 points from Friday position / 39 points from Saturday position. Nifty and Nifty futures ranges were 5201 - 5262 and 5226 - 5288 respectively. Agni level for Wednesday (Tuesday holiday on account of May Day)is at 5211.

Nifty closes flat

Today(27-4-12)Nifty closed flat at 5191. Nifty and Nifty futures ranges were 5154 - 5223 and 5169 - 5250 respectively. Lack of Exceptional Friday effect is a warning and have to watch for further clues. Tomorrow's Agni level is at 5159.

Nifty less volatile on F&O April settlement day

Today(26-4-12)Nifty closed at 5189 with a loss of 13 points. Though today was the settlement day for F&O April series volatility was much less than usual. Nifty and Nifty futures ranges were 5179 - 5216 and 5175 - 5226 respectively. Though advised to go long, please remember to buy close to Agni level so that there won't be much loss if Nifty slips below Agni level. Agni level for tomorrow is at 5139.

Nifty closes in red as anticipated

Today(25-4-12)Nifty closed at 5202 with a loss of 21 points as anticipated in Grahanila post dated 1st April 2012. Nifty and Nifty futures ranges were 5161 - 5236 and 5153 - 5235 respectively. Tomorrow being F&O settlement day Nifty will be highly volatile. As Agni level is at 5175, exit shorts if already not done today and go long. Yesterday's(24-4-12)table given below for record purpose.

Nifty closes at 5201

Today(23-4-12)Nifty closed at 5201 with a loss of 90 points. Nifty and Nifty futures range were 5187 - 5311 and 5182 - 5315 respectively. As tomorrow's Agni level is at 5288 hold shorts as far as Nifty is under Agni level.

Freak Friday

Freak trades have been observed many times in Sgx Nifty and in Mini Nifty, largely in next months contracts where trades will be limited. Further, freak trades will be in the opening time itself. But, what happened on Friday(20-4-12)is unbelievable. Nifty futures for April touched a low of 5000 at 2.30 p.m. when Nifty spot touched its low of 5245 only. That means all traders who placed a buy order from 5000 to 5353.55(difference of 354 points) in Nifty futures on that day got their orders executed. Thus Nifty futures turnover zoomed to 9,04,487.30 crores where as it was 6,14,720.90 crores on Thrusday. The trader who placed a buy order for 5000 might have known it before, if large volume is there. Otherwise it might be a trader who always places a buy order at low values to gain from such freak instances. What ever may be the case, we may be knowing it once the inquiry the NSE/SEBI is conducting is over. There was also a freak trade in Infosys futures which will also be inquired in to. On Friday(20-4-12)Nifty closed at 5291 with a loss of 41 points, below Agni level. As Agni level for Monday is at 5350, hold on shorts as far as Nifty remains below Agni level. For other details see the table above.

Closing value and direction differs from yesterday

Today's(19-4-12)opening, high, low is almost same as yesterday - opening(5320.70 &
5320.60), high(5342.00 & 5342.45), low(5293.45 & 5291.30). Nifty futures high and low is also same - high(5364 & 5366), low(5312 & 5313). Since market moved up in the last half an hour Nifty closed at 5332 with a gain of 32 points. Tomorrow's Agni level is close to the Nifty closing ie. at 5330. Be ready to go short when Nifty slips to red.

Nifty closes @ 5300

Today(18-4-12)Nifty closed at 5300 with a gain of 10 points. Nifty and Nifty futures ranges were 5293 - 5342 and 5312 - 5364 respectively. Tomorrow's Agni level is at 5270.

RBI slashes Repo rate by 50 basis points.

Today(17-4-12)Reserve Bank of India (RBI) in its annual monetary policy for 2012-13 slashed the policy rates by 50 basis points. The repo rate at which banks borrow money from RBI now stands at 8% from 8.50% earlier. Similarly, the reverse repo rate at which RBI borrows money from banks is now at 7% from 7.50% earlier. After this announcement Nifty gained 50 points, retraced entire gains and again gained 70 points to close at 5290 with a gain of 64 points. Nifty and Nifty futures ranges were 5208 - 5298 and 5221 - 5325 respectively. Today Nifty touched Kaprekar numbers 5238 & 5283. If Nifty moves to Kaprekar number 5328 Nifty may move to 5382 within next two days. Agni level for tomorrow is at 5257.

RBI credit policy review due on Tuesday

Today(16-4-12)Nifty closed at 5226 with a gain of 19 points. Nifty and Nifty futures ranges were 5184 - 5234 and 5182 - 5258 respectively. RBI credit policy review due for tomorrow will decide the next direction of Nifty and it may move to 5123 or 5464. Tomorrow's Agni level is at 5211. So, short below 5203 and long above 5238(Kaprekar number).

Wish you a Happy Guruvayur Vishu

Vishu is the day when Sun transits to Aries(Medam) and it will be normally on 14th April. Look at the chart below - Sun transits from Pisces to Aries between 6th & 22nd April.

The chart below shows the planetary positions as on Vishu day ie. 14th April 2012. Sun just crosses "1O"th degree and enters Aries. At the same time the Sun is above God's own country. It implies that God's counting starts from Kerala. The position of Jupiter and Moon points to Guruvayur. Jupiter is referred as "Guru" in Malayalam astrology and it is in Aries this year. On 14th April 2012, Moon is on star "Uthradam", the "Bhootham" (element)of which is "Vayu"(Air). Thus, tomorrow when Sun crosses "1O"th degree Guru & Vayu are present where Sun points on mid-day(noon)- GURUVAYUR. It is likely that "Guruvayurappan(Sree Krishna)" idol was installed on such an auspicious day. Though Jupiter will again be in Aries in 2024, the Air element need not be present.
WISH YOU ALL A HAPPY GURUVAYUR VISHU.

The Sun & Jupiter in Aries, Venus & Ketu in Taurus, Mars in Leo, Saturn in Libra, Rahu in Scorpio, Moon in Capricornus and Mercury in Pisces.
Note: For usual Vishu details see last years post.

Nifty retraces to 5200 level

Today(13-4-12)Nifty closed at 5207 with a loss of 70 points, just above today's Agni level. Nifty and Nifty futures ranges were 5185 - 5307 and 5195 - 5330 respectively.
Monday's Agni level is at 5203.

Nifty closes at 5277 with a gain of 50 points

Today(12-4-12)Nifty closed at 5277 with a gain of 50 points. Nifty and Nifty futures ranges were 5247 - 5291 and 5260 - 5308 respectively. Agni level for tomorrow is at 5197.

Agni level indicates to go long

Today(11-4-12)Nifty closed at 5227 with a loss of 17 points. Nifty and Nifty futures ranges were 5191 - 5264 and 5203 - 5292 respectively ie. Nifty futures remained above 5200. Tomorrow's Agni level is at 5212, which is below the Nifty closing to day and indicates to go long.
Yesterday's(10-4-12) table given below for reference purpose

Nifty may move to low of M1(5123)

Today(9-4-12)Nifty closed at 5234 with a loss of 89 points. Nifty and Nifty futures ranges were 5228 - 5288 and 5245 - 5302 respectively. Nifty may move to low of M1(5123). Tomorrow's Agni level is at 5346.

Nifty moves in a narrow range and closes at 5323

On 4th April 2012, after moving in a narrow range, Nifty closed at 5323 with a loss of 36 points. Nifty and Nifty futures ranges were 5305 - 5338 and 5325 - 5361 respectively. Monday's Agni level is at 5407.

Nifty closes @ 5359 with a gain of 41 points

Today(3-4-12)Nifty closed at 5359(near opening level)with a gain of 41 points. Though there was a fall from 5379 to 5348 after 13:40 Nifty didn't close in red as expected. That may be due to the fact that Moon&Mars conjunction is being taking place after Indian market closes(see planetary positions table - MOON(3:28:30°) & MARS(4:10:21°). So, conjunction is being taking place above other world markets and tomorrow it may affect Nifty. Nifty and Nifty futures ranges were 5344 - 5379 and 5368 - 5402 respectively. Nifty futures high low difference was just 34 points today. Agni level for tomorrow is at 5351.

For reference purpose yesterday's(2-4-12) table is given below

Grahanila(Planetary positions) on 1st April 2012

Sun & Mercury in Pisces, Jupiter in Aries, Venus & Ketu in Taurus, Moon in Cancer, Mars in Leo, Saturn in Libra and Rahu in Scorpio.

Probable negative dates during the month are 3rd and 25th April. All other conjunction dates are on trading holidays. There will be no trading on 5th and 6th on account of Mahavir Jayanthi and Good Friday.