Nifty during July 2018

RSI :Besides other technical details, for Nandi RSI is the percentage of buyers in the market at a given time. All buyers or all 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 15-5 early sellers turns buyers and market recovers. So, take advantage on both of these occasions by watching RSI.

Grahanila(Planetary positions) as on 1st Jul 2018

As on 1st July 2018 Sun in Gemini, Mercury & Venus & Rahu in Cancer, Jupiter in Libra, Saturn in Sagitarius and Mars & Moon & Ketu in Capricorn. Planetary transits in July: 17th Sun -> Cancer, 4th Venus -> Leo. At the beginning of this month Jupiter, Saturn and Mars are in retrograde. Mercury retrograde from 26th July to 19th August. A lunar eclipse on 27th July. A larger down move expected after the second week of July.

From the high of 11172(29-Jan-18) Nifty moved down to 9952(23-Mar-18), retraced to 10929 (80%) on 15th May 2018 and moving in the M1 range thereafter(refer charts posted on 29-Jun-18).

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 between 5 to 10 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}. Conjunction dates can be had from the table above. Figures given in brackets are Rasi number(0 through 11 starting from Aries), Degrees and Minutes.