On Friday(22-3-13), after touching centre of M2(5642), Nifty closed at 5651 with a loss of 7 points, above the Agni level at 5622. From the table above, it can be seen that after 8th March 2013 Nifty closed below Agni level for the last 9 days and Nifty lost almost 300 points during this period. Friday's Nifty and Nifty futures ranges were 5632 - 5691 and 5642 - 5708 respectively. Yesterday was also an Exceptional Friday(condition No.2 ie. Nifty closed in red from Monday to Thursday) and there was an Exceptional Friday effect of an up move of 50 points from 5641 to 5691. Agni level for Monday is at 5568.
Nifty movements during March, mapped in music scales are given below for reference.
3 comments:
Dear Nandi
Hi!
As I was short waited patiently till 11.30 to reduce to close the short which were initiated on firday @ imp stage 5680. As 4 dma was @ 5687 NS was bouncing from $DMS. Eventually closed short with loss of 8 pts. when Ns broke 5680 my order got filled in for short. Nice 50 pts. earned. Holding balance 50 % short with TSL 5640 an other important stage. As Ns is lacking movement and AGNI is moving down as well as 4dma also moved to 5669 not sure what to do.
Will it be advisable to initiate long above 4dma. with SL as a developing day pivot.
Also requested to throw more light on your comments on last FRIDAY Being 1st 4 days of week were down have you done any observations on same?
Thanking you & Best Regards,
Dear Atharva,
What Nandi has to say is told in the post dated 1-1-13. If you feel it suits you follow it. Nandi may not be able to reply now and then due to time constraint.
Answer to last question is available on a search of "Exceptional Friday" in the blog.
With best wishes.
Thanks nandiji
For throw lights on Atharva s quetion,
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