Nifty again above Agni level

Today(30-6-10)Nifty opened at 5210 with a loss of 46 points and closed at 5313 with a gain of 57 points - up move of 103 points despite heavy sell off in markets world over. In the present situation extreme care is required. Watch Agni level and trade accordingly (positional).For day trade use "AGNI BREAKS OPEN PREMIUM" Manthra. Today three factors were positive up to 12.00 noon and all four factors were positive after that. Nifty futures range was 5225 - 5323, the high same as yesterday. Tomorrow's Agni level is at 5276.

Nifty closes below the Agni level

Today(29-6-10)Nifty opened at 5293 with a loss of 41 points and closed at 5256 with a loss of 78 points after declining steadily up to 5236(loss of 98 points). Today Nifty remained and closed below the Agni level(5311)giving the impression that yesterday's up move and close above Agni level was a fake. Yesterday's up move was questioning the common man's belief that market will fall after the petroleum price hike, that's why the fake feeling. After closure below centre of M1(5286) on 25th, Nifty was expected to move down to low of M1(5123)this week. Hence today's down move may continue tomorrow also. Tomorrow's Agni level is at 5275.

Nifty closes above Agni level

Today(28-6-10)Nifty opened at 5300 with a gain of 31 points, moved between 5287 & 5339 (today also Nifty didn't go below the centre of Sudha Madhyamam at 5286) and closed at 5334 with a gain of 65 points. Nifty closing is above the Today's Agni level at 5309. Nifty futures range was 5292 - 5345 ie. six points premium. Agni level for tomorrow is at 5311 which is very close to today's Agni level. Hold longs only when Nifty is above the Agni level will be a safe strategy as Nifty range is very narrow ie. 5286 - 5400.

Exceptional Friday and Full moon effect (?)

On Friday(25-6-10)Nifty opened at 5293 with a loss of 28 points, declined further to 5274(10.00), an up move of 41 points to 5315(13.20), a decline of 55 points to 5260 (15.15)and a close at 5269 with a loss of 52 points. Exceptional Friday and Full moon effect took place as expected, but 41 points up move instead of 50 (Nifty futures up move was 58 points). However, Nifty futures range was 5273 - 5334, a difference of 61 points only against the anticipated 80 points. Only Monday will confirm whether the Full Moon effect was partial and second part is pending. Most of traders and media attribute the reason of the decline after 1.30 p.m. to petroleum price hike. It can be so also, as Full Moon is only on 26th June. Tomorrow's Agni level is at 5309 and a further decline in Nifty anticipated. As tomorrow's Soma level is at 5145 Nifty may move to the low of Sudha Madhyamam (5123)during this week.

Vuvuzela, Jubulani, Maradona, Messi..............2

"Vuvuzela, Jubulani, Maradona, Messi, South Africa and the FIFA 19th World Cup Fever ..... etc are the week end interests world over. Most of the time being spent watching the plays of the favorite teams" -(post dated 13th June). From the 1986 Mexico World Cup onwards love has been flowing towards Diego Maradona, the favorite foot ball player of that time. During all these years that love has been burning with out any shade, whole through his bad times. Now it is really a pleasure to watch him stand near the boundary line cajoling his team members. His love towards Argentina players has no boundary and it is being seen after every match, which delights every football lover. The Jubulani also gets his love touch when it passes near him.
On completion of first round of plays, Maradona's boys tops the list with 9 points and 7 goals. Second place goes to Netherlands with 9 points and 5 goals. Brazil bags the third place with 7 points and 5 goals and Uruguay is just behind with 7 points and 4 goals. It is very sad that Italy and France is not in the next round of plays.

Nifty closes flat at 5321

Today(24-6-10)Nifty opened at 5336 with a gain of 13 points, moved in the range 5285 - 5348 and closed flat at 5321. Nifty low is the centre of Sudha Madhyamam(5286).Nifty futures range was 5287 - 5353, a difference of 66 points. Tomorrow is an Exceptional Friday(Friday following F&O settlement) and full moon is on 26th. Both effects may be there tomorrow ie. an upward move around 50 points and a downward movement of 50 to 80 points. And the difference between high and low of Nifty futures may be more than 80 points. If full moon effect is not there, tomorrow's picture may change. Tomorrow's Agni level is at 5371 indicating a negative close for Nifty.

Today also Nifty closes below Agni level

Today(23-6-10)Nifty opened at 5288 with a loss of 29 points, moved in the narrow range 5288 - 5333 and closed at 5323 with a gain of 6 points. Today's Nifty futures range was 5296 - 5344 , same 48 points as of yesterday which is divisible by 8. Tomorrow is the F&O settlement day and the Agni level is 5362. No further comments.