Thursday, September 18, 2014

Nifty Astro Technicals September 18, 2014

Watch these resistance levels. Probable path of Nifty is indicated by the Green Arrow..Bullishness may prevail till September 23/24, where we have the New Moon.

Sunday, September 14, 2014

Nifty Astro Technicals September 15 to 19, 2014

Astrologically, we are entering a very volatile period. We should initially see some down movement, followed up up movements, which may culminate in a top, post the New Moon of September 24th. In any case, by October 06th, several planets will be transferring energies to each other..Jupiter trine Mars,Mars square Chiron,Sun square Pluto, Sun opposition to Uranus,...and this may have a declining effect on the markets..a decline which is more pronounced than the ones we have seen so far.
Let us look at the time period, in the immediate future...
  How does the technical picture look like?
If we continue with the diametric patterns from 2008 top onwards, then we are in the final leg of Major wave F, which itself is looking like a diametric now. We are currently in the d leg of g of F.

Considering the impulse alternative,this is the picture I see...

According to both options, we should see Nifty going lower immediately, and then reversing to new all time highs.
Since Iam now biased more towards the second option, I have the charts here for other time frames as well....

These impulsive  projections seem to point out to 8400-8500 points for Nifty that too in the period, October 2014, preferably before end of second week of October 2014.
I just tested this projection with some other methods also...
Look at the monthly pitch forks...

Weekly arcs drawn from November 2010 top, and 2012 bottom of 4571, project 8500 as a significant level.

We seem to be approaching a major top.Yet I believe that after a good  correction from a 8500 top, Nifty may race forward again  to touch 10500 by 2016...That also coincides with the 8 year cycles.1992-2000-2008-2016..

Tuesday, September 9, 2014

Nifty Astro Technicals September 08, 2014

As expected, Nifty moves up with a gap. Looks like minute wave v has begun.Here are a few updates, which are self explanatory.

Sunday, September 7, 2014

Nifty Astro Technicals September 08 to 12, 2014

Nifty continues with its positive to sideways movement in the week gone by.

Let us see the astro indication of the coming week.....

Full Moon on September 09th, could see a temporary bottom..
Looking at the long term trends of Nifty...

November 2010 top is getting squared with time and price, only in October/November of 2014. This means the trend change for long term can be expected only then. 

Friday, September 5, 2014

Nifty Astro Technicals September 04, 2014

After 6 upward daily candles, Nifty formed a Hanging man pattern today. Since no trend line break has happened, the bias is still positive...

Minimum target of wave 3 seems to 8261.
Here are a couple of interesting Gann angles charts....

Tonight, at 2 am, Mars will move to Scorpio, after a frustratingly long sojourn through Libra.