Inflation figures lifts up Nifty

Nifty today(18-12-08)moved downwards as expected up to 11.00 a.m and touched the low of 2923. Soon after the release of latest inflation figures(6.84)it changed its direction and steadily moved up and closed at 3061 regaining all the losses of yesterday. Thus, Nifty may continue its upward journey a little more, reversing the indication given yesterday. As expiry of F&O positions for the December series are near by and the usual practice of Mutual Funds to jack up the prices of equities at the end of the year (31st December)to show better performances, high volatility is expected. Trade with caution.

Nifty up move ends @ boarder of Sudha Daivatham

To day(17th December,2008) Nifty's up move ended at 3076 ie. boarder point of Panchamam and Sudha Daivatham at 3077(Nifty future top was 3097). From now on the pending full moon effect, Friday decline etc will drag Nifty down to more than 300 points.

The Friday that defied the usual pattern

On computing the Soma-Surya levels for Friday the 12th December,2008 Nandi was puzzled. Contrary to the expectation of downward/same levels, they showed upward levels. After opening of the markets it seemed the expectation of downward movement on the full moon Friday was materialised. Later, Nifty climbed back and closed at 2921 with a gain of 1 point; indicating the implications of upward levels in Soma-Surya levels. It is to be studied further why this happened, despite the loss in all other markets (US & Asian) around 5 percent. It seems further steam is left to propel the Nifty to the Sudha Daivatham level(3178)as indicated on 7th December 2008. However, no purchase is advised as far as Nifty is below the Agni level. Agni level is moving up faster than Nifty which might be an indication of an imminent fall.

Nifty in Panchamam (old) band width

Nifty today (10-12-08) closed at 2928 in Panchamam (old) band width. As full moon is nearby, a down fall will be around the corner. Be ready to exit all longs when Nifty touches Agni level.

Up move expected

Last Friday Nifty movement was as anticipated by the visitors of Vipani Sangeetham as it was a typical Friday movement. Monday, after the cut in petrol & diesel prices by Central Government, cut in Repo & Reverse Repo rate by RBI and prospects of financial package by Prime Minister Dr.Manmohan Singh etc. definitely will give a boost to Indian market. So, Nifty may re-start its journey to Panchamam (2976), Sudha Daivatham (3178)levels as expected by Nandi last week. It is to be seen from where it retraces.

Nifty above Agni level again

Today(4-12-08)up to 11.00 a.m Nifty remained below today's Agni level at 2666 in a range bound trading. After that it started to climb and closed at 2788 with a gain of 132 points. As up move may be limited to 2830-80 or dissipated as was happened on 1st December,2008 it should be ensured that all longs are exited once Nifty touches the Agni level again or even before that when ever there is reasonable profit.

Nifty slides back to Agni level

Today (1-12-08) Nifty opened firm as expected and moved to 2833. After the negative opening of European markets, it slid back through the Agni level at 2775 and closed at 2683,down by 72 points. Thus the up move anticipation has been dissipated and the immediate trend is down. Nandi always advised to exit all longs once Nifty touches Agni level and wait for the emergence of Nifty from the Agni level. Nandi apprehends that Nifty may retest the October low or even go below that during December, probably from the Full Moon Day ie. 12th December,2008.