Awaited up move from Friday ?

Dow Jones up around 200 points at 12.00 midnight on 28-8-08 and inflation figures released today is marginally lower than last week. Further 29-8-08 is a Friday after the settlement of F&O positions. All these factors are favorable for a smart up move for Nifty.

Blog Camp held in house boat, Alappuzha on 16th August, 2008

BlogCampKerala held in the air conditioned first floor of the double decker house boat of Kerala Tourism Development Corporation at Punnamada Kayal, Alappuzha on 16^th August, 2008 was a memorable event. It brought back the sweet memory of such a voyage in Mandovi River, Goa more than a decade back. Mandovi River voyage was in the night and this was in broad day light. We the attendees of the camp entered the boat at 10. 30 a.m. and around 11.00 a.m. the boat started moving through the Nehru Trophy Boat Race area and moved to Nedumudi and later to Champakkulam. On enquiry it was gathered that there are at least 350 house boats at Alappuzha and 30 more are added each year. The water front was unimaginable until Nandi saw it. It is similar to a well planned 250 feet road network in a major city with crossings at important places. Nandi could read the boards displaying the distances to Kottayam, Champakkulam etc placed in the cross sections of the water path. Both sides of the canal were beautifully filled with paddy fields below the water level, coconut trees, green bushes, houses, churches and large water areas that was marvelous to look at. On the way to Champakkulam food which was prepared in the house boat itself was served and it was very tasty.

Blog Camp was attended by around 100 participants from out of 175 registered. The participants having the age of fingers of one hand multiplied by fingers of both hands (5 x 10) was less than fingers of one hand. Most of the participants belonged to the age group of 20 – 35 and majority from the IT sector. Mr. Kenney Jacob was the brain behind the BlogCamp Kerala initiative. Mr. Kenney has been instrumental in the overall organization of the unconfrence. He deserves all credit for actually making this camp a success. More details can be collected from www.blogcampkerala.com

Other than Shri Chandrasekharan Nair known as Kerala Farmer in blogworld & Shri Vellayani Vijayan whom Nandi met in the Jana Satabdhi train from Trivandrum to Alappuzha , a few more names is to be mentioned. Shri Sajjiv Balakrishnan the fat cartoonist was the most active in the group and visit him at http://keralahahaha.blogspot.com/. He made caricatures of almost all participants of the blogcamp and handed it to the persons then and there. He took just one minute to draw a caricature and was very patient to entertain all the participants who sat before him. It was really an incredible feast. Shri. Sujith, the media man covered the event by words and photos. He showed interest in the theme Nandi blogs on. The next one is none other than “Meri Awaz Suno” fame Shri Pradeep Somasundaran who demonstrated the immense possibilities of music recording, editing and giving special effects. His audio blog www.pradipsomasundaran.com/musicblog.htm is a must visit for music lovers. Film songs in Hindi, Tamil, Malayalam and Telugu and songs in English, Japanese sung by this famous play back singer can be heard through his blog. The BlogCamp high lights also can be seen here. Nandi was interested in the conversion of music in to figures and the play back singer told that there exists costly software that show frequencies of music while playing the song. Some day Nandi may get an opportunity to see it in action.

Back to market: Nandi’s expectation of Nifty’s move to Gandharam (4762) / Anthara Gandharam level (4961) is yet to be materialized. Nifty stayed in Rishabham band width and is expected to be there up to 28^th August, 2008.

Computer system failure

From 16th August onwards Nandi's computer system had trouble in booting. Hence unable to update the figures and upload new postings. Today C partition has been formated and OS installed afresh. But some important settings and files has been missing/lost. It may take a few days to recreate some of the essential files and create settings required. Some postings including the details of Blog Camp Kerala held on 16th August 2008 in the House Boat (owned by Kerala Tourism Development Corporation) floating on the waves of Punnamad Lake, Alappuzha is pending. Nandi will post it in due course.

By going through the Niftly closing point, Agni level, and the %k values of slow stochastic chart, Nandi feels that buying opportunity may emerge on 19th or 20th August.

Gann date chart - reposting

It has been found that in some browsers yellow and red color only appeared in Gann date chart posted yesterday and unable to assimilate the design in it. Hence it is posted again. Please note that the dates on which blue color is given is expected to be an up day for the market.

15-Aug-08	16-Aug-08	17-Aug-08	18-Aug-08	19-Aug-08	20-Aug-08	21-Aug-08
14-Aug-08	28-Jul-08	29-Jul-08	30-Jul-08	31-Jul-08	01-Aug-08	22-Aug-08
13-Aug-08	27-Jul-08	18-Jul-08	19-Jul-08	20-Jul-08	02-Aug-08	23-Aug-08
12-Aug-08	26-Jul-08	17-Jul-08	16-Jul-08	21-Jul-08	03-Aug-08	24-Aug-08
11-Aug-08	25-Jul-08	24-Jul-08	23-Jul-08	22-Jul-08	04-Aug-08	25-Aug-08
10-Aug-08	09-Aug-08	08-Aug-08	07-Aug-08	06-Aug-08	05-Aug-08	26-Aug-08
02-Sep-08	01-Sep-08	31-Aug-08	30-Aug-08	29-Aug-08	28-Aug-08	27-Aug-08

Last Surya grahana bad for US and good for India?

The last Surya grahana (Solar eclipse) day ie. Friday the 1^st August 2008 had different effects to US and to Indian markets. Accepting cues from US/Asian markets Nify also went down to Sudha Rishabham level of 4235 (from the previous day close of 4333), steadily gained strength, went up to 4423 and finally closed at 4414. As in the waves of the ocean, markets will also have strong waves on Pournami (full moon) and Amavasi (no moon) days especially on Solar/Lunar eclipse days. On eclipse days Soma (Moon), Surya (Sun) and Bhumi (Earth) comes in a straight line that imparts maximum powers to the waves (ocean and market). But the direction of the waves will be unknown. For that some other factors are also to be taken in to consideration. Nandi had earlier observed that on Fridays coming after the settlement of F&O positions (definitely a Thursday), Nifty generally closed with gains (a few exception like last month is there). Further, it was an up day in the Gann date chart Nandi had drawn based on the day when he felt the “Om” wave ie. 16^th July, 2008 which is given below.

15-Aug-08	16-Aug-08	17-Aug-08	18-Aug-08	19-Aug-08	20-Aug-08	21-Aug-08
14-Aug-08	28-Jul-08	29-Jul-08	30-Jul-08	31-Jul-08	01-Aug-08	22-Aug-08
13-Aug-08	27-Jul-08	18-Jul-08	19-Jul-08	20-Jul-08	02-Aug-08	23-Aug-08
12-Aug-08	26-Jul-08	17-Jul-08	16-Jul-08	21-Jul-08	03-Aug-08	24-Aug-08
11-Aug-08	25-Jul-08	24-Jul-08	23-Jul-08	22-Jul-08	04-Aug-08	25-Aug-08
10-Aug-08	09-Aug-08	08-Aug-08	07-Aug-08	06-Aug-08	05-Aug-08	26-Aug-08
02-Sep-08	01-Sep-08	31-Aug-08	30-Aug-08	29-Aug-08	28-Aug-08	27-Aug-08

Now you also know why Nandi expected a bull move on 1^st August, 2008, and what happened thereafter. Off course Nandi also believes that the grace of Lord Shiva will be with him to fulfill his expectations.

Ill effects of Solar Eclipse (Surya Grahana)?

American and Asian markets tanked more than 2 % to day(1-8-08) the Solar Eclipse day contrary to Nandi's expectations. Indian market also to follow the same. Traditionally we were looking Surya Grahana (Solar eclipse) as a time for bad things. Be cautious today.