Today(29-5-09) Nifty didn't get tired till it climbed 151 points. Opening with a gain of 53 points in the first minute, Nifty steadily gained(without declining more than 12 points - a feature not seen for the last five months)and at 14.35 reached 4488(151 points plus). After that Nifty declined up to 4436 and finally closed the day at 4449 with a gain of 112 points. As Nifty had gained substantially during this month Nandi didn't expect Exceptional Friday effect much today. {New visitors may note that "Exceptional Friday" is the Friday that comes after F&O settlement and Friday that comes after three or four days continuous decline}. But,it did effect with strength.
Today Nifty closed near centre point of Chatusruti Rishabham (Low:4348, Centre:4464, High:4611). It seems that the Nifty's upward move move may terminate in the Chatusruti Rishabham band for the time being and slide a little to regain strength. Monday's Agni level is at 4365, almost 100 points down from today's closing. Watch Agni level always for exit.
Friday, May 29, 2009
Thursday, May 28, 2009
Up move continues
Today (28-5-09) also Nifty continued its up move up to 4355 and closed the day at 4337 with a gain of 61 points. DOW's slip or Asian markets weakness etc. did not affect Nifty's up move today as shorts were not fully covered yesterday. Even though it was a F&O settlement day volatility was completely absent.
As Soma-Surya figures worked out today on the basis of June series seems reasonable it has been given. As Nifty has moved up very much this month, Nandi is not expecting Exceptional Friday effect tomorrow.
As Soma-Surya figures worked out today on the basis of June series seems reasonable it has been given. As Nifty has moved up very much this month, Nandi is not expecting Exceptional Friday effect tomorrow.
Wednesday, May 27, 2009
Surprise recovery on global cues & short covering
Nifty today (27-5-09)opened well above the Agni level (4171)and stayed up to 2.24 p.m in the range 4190 to 4235. The said level is more than 70 points above the yesterday closing of 4117. 200 points surge in DOW (at that time itself Singapore Nifty traded at 8250)& more than 800 points gain in Hang Seng pushed Nifty up to cover all the yesterday's losses. After 2.25 p.m. Nifty broke the earlier highs and swiftly moved upwards to 4286 and closed at 4276. This last one hour up move may be due to short covering, as tomorrow is the settlement day for the current month.
Tuesday, May 26, 2009
Nifty down to Shadjam band width
Present Shadjam bandwidth is 3790 to 4100 (Centre: 3968).On 18th May(upper circuit halt Monday), Nifty leaped over Shadjam band from 3681(Kakali Nishadam) to 4203(Sudha Rishabham) without touching it. Hence on 19th May, 2009 Nandi opined that the surge above 4100 at this time is artificial and it has to come down to 4100 levels. Today (26-5-09)at 3.00 p.m. Nifty slid to 4092(Shadjam band width) and moved up to close at 4117. Tomorrow's Agni level is at 4171. Unless Nifty moves above that level further down side can be expected.
Monday, May 25, 2009
Flat closing after range bound trading
Today(25-5-09)Nifty closed at 4237.55 as against the Friday closing of 4238.50. Today's range can be easily said as plus or minus(+ or -)35 of yesterday's as well as today's close. Exact figures were 4270 and 4205. It seems that the range bound trading may follow till the expiry of May series ie. up to 28th May, 2009.
Sunday, May 24, 2009
Nifty recites Thousand names of Lord Shiva ?
In the post dated 15th March, 2009 under the caption “Yadha Yadha Hi Dharmasya”
Nandi had pointed out that the difference between Nifty Future high and low will tend to be a multiple of 8 (Eight). On further observation it is found that after 17th April 2009, the days where it is a multiple of 8 is becoming rare. But, it is noted that the total difference of high and low for nearby two to four days is a multiple of 8. The table below shows the Nifty future high and low for the period from 2nd April to 20th May 2009 ,difference between, difference divided by 8 and the whole numbers added together for two to four days where it is not a divisible by 8.
Date........../High /Low /Diff/ No.of 8's/No.of 8's
.2-Apr-09/ 3243/ 3146/ 97/ 12.13/
.6-Apr-09/ 3306/ 3227/ 79/ 9.88/ 22.00
.8-Apr-09/ 3369/ 3157/ 212/ 26.50/
.9-Apr-09/ 3409/ 3309/ 100/ 12.50/ 39.00
13-Apr-09/ 3433/ 3337/ 96/ 12.00/ 12.00
15-Apr-09/ 3509/ 3325/ 184/ 23.00/ 23.00
16-Apr-09/ 3514/ 3362/ 152/ 19.00/ 19.00
17-Apr-09/ 3500/ 3355/ 145/ 18.13/
20-Apr-09/ 3443/ 3330/ 113/ 14.13/
21-Apr-09/ 3424/ 3319/ 105/ 13.13/
22-Apr-09/ 3397/ 3288/ 109/ 13.63/ 59.00
23-Apr-09/ 3447/ 3313/ 134/ 16.75/
24-Apr-09/ 3494/ 3395/ 99 /12.38/
27-Apr-09/ 3520/ 3420/ 100/ 12.50/
28-Apr-09/ 3456/ 3342/ 114/ 14.25/
29-Apr-09/ 3475/ 3386/ 89 /11.13/ 67.00
.4-May-09/ 3670/ 3605/ 65 /8.13/
.5-May-09/ 3693/ 3623/ 70 /8.75/
.6-May-09/ 3728/ 3615/ 113/ 14.13/ 31.00
.7-May-09/ 3693/ 3635/ 58 /7.25/
.8-May-09/ 3717/ 3585/ 132/ 16.50/
11-May-09/ 3658/ 3532/ 126/ 15.75/ 23.00
12-May-09/ 3703/ 3535/ 168/ 21.00/ 21.00
13-May-09/ 3723/ 3613/ 110/ 13.75/
14-May-09/ 3634/ 3550/ 84 /10.50/ 27.00
15-May-09/ 3699/ 3625/ 74 /9.25 /23.00
18-May-09/ 4418/ 4053/ 365/ 45.63/
19-May-09/ 4620/ 4187/ 433/ 54.13/
20-May-09/ 4374/ 4260/ 114/ 14.25/ 114.00
.........Total.................... 3840/ 480.00/ 480.00
(Note: sorry that Nandi is not able to post this as a table, hence this adjustment)
After observing the above fact it is felt that Nifty future may be reciting
Thousand and odd names of Lord Shiva (Shiva Sahasranama Sthothram) and after reciting a couple of names it calls a day. Shortest name of Lord Shiva is having Two (2) letters and the longest Eight (8). Examples of two letter names are Shiva, Hara, Shambu, Sthanu etc. Examples of eight letter names are SomaSuryagnilochana, Sarvalokaprajapathi, Hiranyakavajothbhjava etc. It is also noted that Shiva Sahasranama Sthothra follows the Sanskrit grammar rule for Chandassu ( eight letters in a line) and letters like Cha, Scha, Evacha, Sthadhaivacha etc are inserted to fill the gap (to make it eight letters in line) before or after the names of Lord Shiva. It may be that Nifty may not be reciting such fillers while closing the day. How ever as seen in the table the Chandassu rule is being observed. Further observations if any will be posted in due course.
Nandi had pointed out that the difference between Nifty Future high and low will tend to be a multiple of 8 (Eight). On further observation it is found that after 17th April 2009, the days where it is a multiple of 8 is becoming rare. But, it is noted that the total difference of high and low for nearby two to four days is a multiple of 8. The table below shows the Nifty future high and low for the period from 2nd April to 20th May 2009 ,difference between, difference divided by 8 and the whole numbers added together for two to four days where it is not a divisible by 8.
Date........../High /Low /Diff/ No.of 8's/No.of 8's
.2-Apr-09/ 3243/ 3146/ 97/ 12.13/
.6-Apr-09/ 3306/ 3227/ 79/ 9.88/ 22.00
.8-Apr-09/ 3369/ 3157/ 212/ 26.50/
.9-Apr-09/ 3409/ 3309/ 100/ 12.50/ 39.00
13-Apr-09/ 3433/ 3337/ 96/ 12.00/ 12.00
15-Apr-09/ 3509/ 3325/ 184/ 23.00/ 23.00
16-Apr-09/ 3514/ 3362/ 152/ 19.00/ 19.00
17-Apr-09/ 3500/ 3355/ 145/ 18.13/
20-Apr-09/ 3443/ 3330/ 113/ 14.13/
21-Apr-09/ 3424/ 3319/ 105/ 13.13/
22-Apr-09/ 3397/ 3288/ 109/ 13.63/ 59.00
23-Apr-09/ 3447/ 3313/ 134/ 16.75/
24-Apr-09/ 3494/ 3395/ 99 /12.38/
27-Apr-09/ 3520/ 3420/ 100/ 12.50/
28-Apr-09/ 3456/ 3342/ 114/ 14.25/
29-Apr-09/ 3475/ 3386/ 89 /11.13/ 67.00
.4-May-09/ 3670/ 3605/ 65 /8.13/
.5-May-09/ 3693/ 3623/ 70 /8.75/
.6-May-09/ 3728/ 3615/ 113/ 14.13/ 31.00
.7-May-09/ 3693/ 3635/ 58 /7.25/
.8-May-09/ 3717/ 3585/ 132/ 16.50/
11-May-09/ 3658/ 3532/ 126/ 15.75/ 23.00
12-May-09/ 3703/ 3535/ 168/ 21.00/ 21.00
13-May-09/ 3723/ 3613/ 110/ 13.75/
14-May-09/ 3634/ 3550/ 84 /10.50/ 27.00
15-May-09/ 3699/ 3625/ 74 /9.25 /23.00
18-May-09/ 4418/ 4053/ 365/ 45.63/
19-May-09/ 4620/ 4187/ 433/ 54.13/
20-May-09/ 4374/ 4260/ 114/ 14.25/ 114.00
.........Total.................... 3840/ 480.00/ 480.00
(Note: sorry that Nandi is not able to post this as a table, hence this adjustment)
After observing the above fact it is felt that Nifty future may be reciting
Thousand and odd names of Lord Shiva (Shiva Sahasranama Sthothram) and after reciting a couple of names it calls a day. Shortest name of Lord Shiva is having Two (2) letters and the longest Eight (8). Examples of two letter names are Shiva, Hara, Shambu, Sthanu etc. Examples of eight letter names are SomaSuryagnilochana, Sarvalokaprajapathi, Hiranyakavajothbhjava etc. It is also noted that Shiva Sahasranama Sthothra follows the Sanskrit grammar rule for Chandassu ( eight letters in a line) and letters like Cha, Scha, Evacha, Sthadhaivacha etc are inserted to fill the gap (to make it eight letters in line) before or after the names of Lord Shiva. It may be that Nifty may not be reciting such fillers while closing the day. How ever as seen in the table the Chandassu rule is being observed. Further observations if any will be posted in due course.
Thursday, May 21, 2009
Midcap and Small cap stocks surge
As expected, Nifty lost 100 points within the last two days. Today's (21-5-09)closing is at 4211 and it was 4318 on 19th. After 19th May, all the mid/small caps stocks are gaining momentum and many of them are in upper circuit. It seems mid/small caps may continue their up move even if Nifty comes down to the level of 4000-4100.
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