Wish a Happy & Prosperous New Year 2009

A word of caution

Wonder! Why Soma-Surya levels for Tuesday are down(Surya -105 points)when Nifty is 65 points up? While posting the last message on Sunday, based on Friday figures, Nandi was confident that the Nifty would regain on Monday what had lost on Friday, because Soma-Surya levels were almost same for Friday and Monday. More over Monday's Agni level was just 8 points up from Friday closing. Hence the mentioning of opportunity to buy. Now Nandi is not so sure that Nifty will touch Sudha Daivatham (3178) before coming down. Be on guard for any fall, apply strict stop loss / trailing stop loss. And never hold longs when Nifty touches the Agni level. This is just a word of caution.

Good Bye to the Year 2008

Only three days to say Good Bye to the Year 2008 during which financial Tsunami hit the Indian markets along with other world markets and swallowed more than 80 percentage of assets. Year 2008 will also be remembered as a dreadful year due to the terrorist attack on Mumbai and the formation of war clouds along the boarder with Pakistan. Perhaps, shadow of these war clouds might have dragged Nifty down last week to 2857 from 3078. Looking forward it is felt that Nifty may move up again as war clouds recede and close the year above Sudha Daivatham (3178) giving hope for the year 2009. As Agni level has receded Nifty may emerge out of Agni level giving opportunity for a buy.

Wish U a Very Very Happy X’mas

Nifty in Sudha Daivatham band width.

The Friday the 19th December,2008 also defied the usual pattern of Fridays and closed at 3078 in Sudha Daivatham band width (3077-3263)with a gain of 17 points. It seems, the up move may be terminated at Sudha Daivatham (3178)as expected earlier. The next trend reversal possibility is after the no moon-day on 27th December 2008. But as stated earlier the MFs may try hard to lift the market up to 31st December to better their performances. However, high volatility also can be expected during this period.

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.