Wish you a happy Ganesh Chaturthi

Centre of M2(5642) is yet to be reached.

Today(8-9-10)also Nifty high was 5625 and centre of M2(5642)is yet to be reached. Nifty futures range was 5566 - 5624, high 11 points more than yesterday. In spot, instead of single "SA" yesterday it was 4 "SA" today. So, expect one more attempt tomorrow. Tomorrow's Agni level is at 5649.

Nifty reaches centre of M2 in daily scale

The following comment was made last month, just before ONAM festival:
"Today(19-8-10)Nifty opened at 5506 with a gain of 27 points, declined a bit to 5495, moved up to 5545 and closed at 5540 with a gain of 61 points in M2(Prati Madhyamam - Low, Centre & High are 5464, 5642 & 5797 respectively). Though a move to the centre of M2(5642) is logical, other figures are not supporting for such a move now." Today(7-9-10)Nifty reached the centre of M2 in daily scale when it reached 5626. To reach centre of M2 in yearly scale Nifty has to move to 5642 ie. just 16 points up. If global cues favors Nifty may reach that level tomorrow, otherwise today's high has to be treated as the centre of M2. Nifty futures range today was 5572 - 5613. Tomorrow's Agni level is at 5616. Nifty is likely to close below that level unless Nifty moves up again tomorrow to reach centre of M2(5642). Not repeating to exit longs when Nifty closes below Agni level as it is known to you.

Nifty closes at new high @5577 - PE @ 23.46

Today(6-9-10)Nifty opened at 5521 with a gain of 42 points, steadily moved upwards to 5589 and closed at 5577 with a gain of 98 points. Nifty futures range was 5509 -> 5589, having a difference of 80 points. Today's Nifty PE is @ 23.46 and Tomorrow's Agni level is at 5569. US markets are closed today on account of Labor day.

Nifty closes again in M2

On Friday(3-9-10)Nifty opened at 5510 with a gain of 24 points, moved in the narrow range 5474 - 5495 and closed at 5479 with a loss of 7 points. Nifty futures range was 5471 - 5500.
Next Amavasi(no Moon day)is on 8th and change in planetary positions from 9th only ( see table below). Hence range bound movement( 5400 - 5600) up to next Wednesday and decline thereafter expected. Do not trade in anticipation, trade according to Agni level only. Tomorrow's Agni level is at 5486.

Nifty closes in M2 - but PE @ 23.08

Today(2-9-10)Nifty opened at 5514 with a gain of 42 points, moved in the range 5478 - 5502 and closed at 5486 with a gain of 14 points in M2 range. Today's Nifty futures range was 5510(unbroken) - 5477. Tomorrow Nifty may open positive(if global cues favors) and move to negative territory. Tomorrow's Agni level is at 5450.

Nifty closes at top of M1 again.

Today(1-9-10)Nifty opened at 5432 with a gain of 30 points, moved in the range 5418 - 5447 till 13.30, surged upwards to 5479 and closed at 5472 with a gain of 70 points. Nifty futures range was 5414 - 5488. As tomorrow's Agni level is 5393 Nifty may move upwards to M2 again.