Nifty during June 2019

Nifty down 178 points despite 25 bps Repo cut

Grahanila(Planetary positions) as on 1st Jun 2019

As on 1st June 2019 Sun & Mercury in Taurus, Rahu & Mars in Gemini, Jupiter in Scorpio, Ketu & Saturn in Sagitarius and Venus & Moon in Aries. Planetary transits in June: 16th Sun -> Gemini, 1st Mercury-> Gemini, 4th Venus -> Taurus, 20th Mercury-> Cancer, 22nd Mars -> Cancer and 28th Venus -> Gemini. Jupiter retrograde from 10th April to 11th August and Saturn retrograde from 30th April to 18th September.

As anticipated, Nifty created a new high of 12041 on 23rd May 2019, the day Loksabha Election Results declared resounding victory for the Prime Minister Shri Narendra Modi. But, Nifty swiftly declined to 11615 and closed the day at 11657 with a loss of 81 points (for more details see the chart posted on 31st May 2019). Nifty again moved up consistently and touched 12039 on 31st May 2019 before closing at 11923. Nifty highest closing was at 11946 on 30th May 2019, the day Shri Narendra Modi sworn in as Prime Minister for the Second Term. Since Rahu-Mangal Yoga is on 14th and Saturn again moves to 23:55° in SAGITARIUS (retrograde) on 28th Nifty will be under pressure during June 2019. Since Agni level declined to 11971 it seems one more up move is pending. If Nifty moves above 12106 next level is 12307.

The year 2019 will usher to the stock market investors / mutual fund investors a magnificent opportunity that may come in once in a life time. When the sky is phenomenally beautiful ie. Saturn, Jupiter, Venus, Mars and Mercury seen around the eclipsed Sun is the time for the investment. As the Grahasangamam (planetary congregation) occurs during December 2019 (similar to 2008-09 when Nifty fell from 6357 to 2539) Nifty down move may commence once ensuing up move dissipates. As the down move cannot be in a straight line it will be definitely in a zigzag fashion. Day/positional traders may observe the market keenly and patiently and make use of it. However, it is advised that the investors/traders may take their positions based on their own convictions only.

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. Sun and Moon transits approximately one degree and thirteen degrees respectively around the Earth in 24 hours.