Nifty again closes at centre of P(5952)

Today(20-12-10)Nifty opened at 5914 with a loss of 35 points, moved down to 5900, steadily moved up to 5975(today's Agni level was 5971), declined to 5935 and closed at 5947 with a loss of 2 points, again at the centre of P(5952). Nifty futures range was 5900 - 6000. Tomorrow's Agni level is at 5979.

Grahanila(planetary positions) on Full Moon day

Next Full Moon is on 21st December, 2010 and Grahanila(planetary positions)on that day is given below. Full Moon days are generally associated with a down move in Nifty.

Sun,Mars,Mercury&Rahu in Sagiturus, Jupiter in Pisces, Moon & Ketu in Gemini(180° to Sagiturus), Saturn in Virgo and Venus in Libra. When Moon is in the same house that of Rahu or Ketu on a full moon day, then there will be a Lunar Eclipse and a Lunar Eclipse takes place on 21st December, 2010. But it is not visible in India.

Business Line dated 21st December,2010:- Lunar eclipse coincides with winter solstice after 372 years! . The last time the two astronomical events coincided was on December 21, 1638. A solstice is an astronomical event which happens twice each year, when the tilt of the Earth's axis most inclined toward or away from the Sun, causing Sun's apparent position in the sky to reach its northernmost or southernmost extreme. On the day of winter solstice, North Pole points directly away from the Sun resulting shortest day in the Northern Hemisphere. As total lunar eclipse is taking place at 13.47 p.m. I.S.T. (day time)and it is on other side of earth it is not visible in India.

Nifty closes at centre of P(5952) again

Today(16-12-10)Nifty opened at 5881 with a loss of 11 points, moved in the range (+ or - ) 20 till 12.30, moved down to 5855(13.10), surged upwards from 5855 to 5956 (101 points) and closed at 5949 with a gain of 57 points, at centre of P(5952) again. Hence, global cues will decide the direction of Nifty on Monday. Nifty futures range was 5863 - 5980. Agni level for Monday is at 5971. RBI mid quarter credit policy review was announced at 12.00 noon today and market slid 17 points before surging hundred points.

17/12/2010 Friday is market Holiday on account of Muharam. Any further comments if required will be added on Sunday.

Nifty closes at 5892 , below tomorrow's Agni level

Today(15-12-10)Nifty opened at 5929 with a loss of 15 points, moved in the negative territory 5866 - 5943 and closed at 5892 with a loss of 52 points. Nifty futures range was 5873 - 5955, with the characteristic that the premium was almost nil just before closing. As tomorrow's Agni level is at 5923, Nifty may decline further.

Nifty closes at centre of P(5952)

Today(14-12-10)Nifty opened at 5929 with a gain of 21 points, moved down to 5889, moved up to 5954 and closed at 5944 with a gain of 36 points. As the closing is at the centre of P(5952) global cues may decide tomorrow's direction. Nifty futures range was 5906 - 5970. Tomorrow's Agni level is at 5836.

Nifty closes above 5900 after high volatility

Today(13-12-10) till 13.30 direction of market was uncertain and at that time Nifty was down by 52 points. Nifty opened at 5846 with a loss of 11 points, after touching 5881 it declined swiftly to 5796, stayed in 5805 - 5833 range till 13.30, moved upwards smoothly to 5914 and closed at 5908 with a gain of 51 points. Thus it was a highly volatile day. Nifty futures clocked an opening figure of 5985, almost 100 points up from yesterday close which might be an error committed by some Mumbai broker. Hence, today's future figures given are of MININIFY(20) and the range was 5797 - 5940. As Nifty close is above 5900, tomorrow it may move to centre of P(5952). Agni level for tomorrow is at 5782.

Exceptional Friday effect - up move of 128 points

On Friday(10-12-10)though Nifty opened at 5721 with a loss of 46 points, it moved to 5849(up move of 128 points) on strongest Exceptional Friday effect, thereafter moved in the range 5803 - 5866 and closed at 5857 with a gain of 90 points. Nifty futures range was 5748 - 5888, having a difference of 140 points. Agni level for Monday is at 5788.

Even though Nifty closing at 5857 is in P, Nifty average for the day is at 5793 which is just below the boarder and in M2 (see chart below). Hence next two days may confirm where it really is. So at present centre of M2(5642)to centre of P(5952) is the range anticipated for next two days.