Today(18-6-12) Nifty opened at 5174 with a gain of 35 points, moved up to 5190, remained in the range 5172 - 5184 up to 11:00 ie. RBI announcement of no change in Repo rate or CRR, moved down to 5042 and closed at 5064 with a loss of 75 points ie. negative closing as anticipated in Grahanila post dated 1st June, 2012. Today also Nifty daily average is at 5116, in G2(< 5123) and hence the possibility of Nifty moving to centre of M1(5286) does not arise now. Therefore Nifty may move to centre of G2(4960) as mentioned earlier. Nifty futures range was 5191 -> 5031, a difference of 160 points.
Tomorrow is a new Moon day. But, major portion of Sun-Moon conjunction will be taking place after our trading hours and it was mentioned as 20th in Grahanila post. Though out of ten new Moon days in eight cases Nifty may be moving up. However, in some instances it will act as a trend-breaking event and hence mentioned as a down day. Considering today's heavy decline 20th need not be a down day. Next down day is on 26th when Moon conjuncts with Mars(effect may be in the afternoon). Tomorrow's Agni level is at 5101.
Monday, June 18, 2012
Nifty closes at 5064 with a loss of 75 points
Today(18-6-12) Nifty opened at 5174 with a gain of 35 points, moved up to 5190, remained in the range 5172 - 5184 up to 11:00 ie. RBI announcement of no change in Repo rate or CRR, moved down to 5042 and closed at 5064 with a loss of 75 points ie. negative closing as anticipated in Grahanila post dated 1st June, 2012. Today also Nifty daily average is at 5116, in G2(< 5123) and hence the possibility of Nifty moving to centre of M1(5286) does not arise now. Therefore Nifty may move to centre of G2(4960) as mentioned earlier. Nifty futures range was 5191 -> 5031, a difference of 160 points.
Tomorrow is a new Moon day. But, major portion of Sun-Moon conjunction will be taking place after our trading hours and it was mentioned as 20th in Grahanila post. Though out of ten new Moon days in eight cases Nifty may be moving up. However, in some instances it will act as a trend-breaking event and hence mentioned as a down day. Considering today's heavy decline 20th need not be a down day. Next down day is on 26th when Moon conjuncts with Mars(effect may be in the afternoon). Tomorrow's Agni level is at 5101.
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