Friday, November 9, 2012

Nifty Astro Technicals for Nov 09, 2012

We had expected a reversal on Nov 08 and Nifty did do so today on the back of weak global cues.We expect the weakness to continue tomorrow ( Nov 09, Friday) also to continue and start the bottoming out process for Wave 04.
Here is a chart of Nifty 15 min, with just the last legs marked out.

Now that the wave 4 of Wave C of the diametric D is about to be completed and wave 5 is about to begin, a look at the long term weekly chart is in order.....

It continues to be a buy on dips market and if the Nifty dips below 5700, it is a fine opportunity to buy.Since  the Lunar growth period is continuing after November 10,  the uncertainties of market will be discarded or glossed over and Nifty may move upwards.

Have a great Friday   of trading!                                                      


  1. Can you please check the graphs og Nov 2010 and Nov 2011. Nov month is always special for Nifty. Please offer your comments.

    1. Dear Garikapti,
      Nov 2010 was a positive month and Nov 2011 was a negative month. Both were clearly unidirectional. But so far this year in November we are yet to have a clear sense of direction.But it doesn`t really matter..any which way the corrections will end and then we will see a swift directional move. The most important thing is to be ready when it occurs.

  2. excellent predictions !
    8th and 9th perfect reversal day, sudden fall on 9th , really it seems market is following path defined by you Sureshji.

    hope that this corrective down move is over around 5680 and we start up move again as per yr projections !

    keep updating EOD . it is becoming interesting to know yr views as per yr hard work !

    1. Dear Pankaj,
      Thank you for your comments. But really, Market is truly the truth and just a few forecasts here and there by me cannot make me any special Pankaj.Iam very much a student here and every day Nifty reaches me new and wonderful lessons.
      At the same time, encouraging comments from well wishers like you gives me the boost to go on going forward..

  3. Dear Suresh,

    Wow! Market is dancing to your tune.

    I've planned to invest in Stock market for a period of 1 to 2 years. Just waiting for a deep correction to enter. Do you foresee a deep correction in Nov or Dec or Jan?


  4. Dear Raj,

    Just because I had seen a couple of moves which Nifty is going to make, is definitely not a case where the market is dancing to my tunes!
    Thank you for the lavish, but as of now, yet-to-deserve praises!
    Market is an ocean and we are like puny boats in it. Yes when we become master mariners, we will understand the ocean better and be adept at navigating it, but I do not think Iam there yet.

    Raj, I think you may wait for some more time possibly till December 2012, to start looking at long term investments. I expect all markets to correct after this pending up move.



  5. “A great man is always willing to be little.”

    Thank you Suresh. I'll wait for the right time to enter the market.

    Wish you and your family a very Happy & Prosperous Deepavali!