Grahanila(Planetary positions) as on 1st May 2016

As on 1st May 2016 Sun & Mercury & Venus in Aries, Rahu & Jupiter in Leo, Mars & Saturn in Scorpio, Moon in Capricorn and Ketu in Aquarius. Planetary transits in May: 15th Sun -> Taurus, 19th Venus -> Taurus.

The planetary positions given above are at the time of Sunrise in India(Kerala) and Moon's conjunction effect on markets may be seen in countries (Asia / Europe / US) where trading take places at the time of conjunction(10° - 0°). When the angular difference between the Moon and the planet at Sunrise is more than 5 degrees and/or conjunction occurs in Rasis(constellations) other than the Sun's Rasi, there may be a delay up to 24 hours in the conjunction effect according to their positions {Note: expect only eighty percent accuracy in assumptions based on Moon's conjunction with Mars(-), Venus(-) and Jupiter(+) as some other astro factors may also influence the market}. As Moon conjuncts with Venus on 6th (New Moon) Nifty may move downward on that day. Jupiter is in retrograde from 6th January to 10th May and there will be disruption in air/rail traffic etc. during this period. All planets (Jupiter, Saturn, Mars & Mercury) except Venus are in retrograde. Nifty is expected to move 250 plus points downward during Mercury retrograde. Mercury will retreat through the Sun's disc on 9th May 2016 which is a rare event (according to NASA this will happen only 13 times in a century) Guru-Chandala Yoga (Jupiter & Rahu in same Rasi) which occurs normally once in Seven years is happening from 31st January to 11th August 2016 ( refer January 7, 2016 post) and it's unfavorable to market.

Historically stock markets will be on top when Sun is at its high ie. Aries and at low when Sun is in Libra. That's why the popular adage "Sell in May and Go Away".
'Sell In May And Go Away' : A well-known trading adage that warns investors to sell their stock holdings in May to avoid a seasonal decline in equity markets. The "sell in May and go away" strategy is that an investor who sells his or her stock holdings in May and gets back into the equity market in November - thereby avoiding the typically volatile May-October period - would be much better off than an investor who stays in equities throughout the year.

RSI :Besides other technical details, for Nandi RSI is the percentage of buyers in the market at a given time. All buyers or sellers (RSI 100 or O) is not at all practical, since there must be some one to sell for any body to buy. Therefore, whenever RSI increases to 85-95 market slows down and early buyers turns sellers and market corrects. Similarly when RSI decreases to 5-15 early sellers turns buyers and market moves up. So, take advantage on both of these occasions by watching RSI.