Today(2-8-12) a Full Moon day, Nifty remained in red and closed in red at 5228 with a loss of 13 points. Nifty and Nifty futures ranges were 5210 - 5237 and 5222 - 5252, having a difference of 30 points. In many occasions Full Moon / New Moon act as a trend breaker and Nifty may continue its down ward movement. Interestingly, tomorrow Saturn transits to Libra and the last time it happened was on 15-11-2011, the day on which Nifty lost 80 points. Further, Nifty closed in red from 9th to 21st November 2011 and during that period Nifty lost 450 points. Remain in short till Agni level gives a buy and tomorrow's Agni level is at 5313.
Yesterday's(1-8-2012) table given below for reference purpose.
5 comments:
Dear Sir,
Good Morning. I have been following your blog for more than year. It has always been of great help for me to understand market momentum.
However I have few doubts. If you can address those, I will be thankful
1.If in intraday, agni level is broken then how to manage a trade..
It is observed that Ns breaks agni and by EOD it resumes it earlier trend. How to manage the trade on such days??
Today we are below 120 pts from agni level. Can we buy with small SL
Thanking you @ Warm Regards,
Sir
Good Morning!!
Follower of your Blog. Agni levels are always helped me to understand market momentum..
Only one doubt, if you can help me to understand it better..
During intra day if agni level is broken how to manage the trade..sometimes it has been notice that by eod the nkt is always above the agni level..
How to manage the trades on such days
Today once again we are below 120 pts from agni level in Future..
Do you suggest to buy on deeps for intra..
Thanking you & Best Regards
Dear Atharva,
Exit and reverse if Nifty crosses over Agni level even in intraday basis. In such cases whipsaws can also expected in some occasions.
If the difference between Agni level and Nifty is more than 120 points, chances for taking a reverse position exits provided a)that level is achieved before 12:00 noon b) Nifty reverses more than 20 points. On 27th,30th July and on 3rd August chances were there.
Dear Bala Sir,
I have uploaded a post on Kondratieff cycle as requested by you. Please read the article in
http://niftyastrotechnicals.blogspot.in/2012/08/jupiter-saturn-and-kondratieff-cycle-of.html.
Looking forward to your comments.
Thanks and Regards,
Suresh
Dear Sureshji,
Read your very informative post and posted comments there. It seems more study is required on Kondratieff cycle to know the exact nature of our markets and relation of cycles with our astro factors. Appreciate your hardwork and visitors are advised to go through the link
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