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Sunday, March 17, 2013

In our post captioned as , 
Astro Technicals March 11 to 15 2013, this is what we had expected....

".....Nifty may improve from March 06 onwards and possibly accelerate from March 09 

onwards.

Nifty did precisely that. The acceleration took quite a few people by surprise. However we 

still feel it is not an impulse movement but a corrective one.The current up move could either 

be Wave B or Wave d of Wave A itself, where in the latter stage we assume Nifty is in a 

diametric down move.

If we consider the Fibo retracement, then a 76.8 to 80% retracement should mean that Nifty 

may cross 6000 once again,comfortably this week. 

What does Astro indicate as a possible top formation time?


It looks like reversals are likely only during the week March 18 to 22.Lunar indicators are 

gathering once again from March 18 onwards. Mercury is becoming direct.

A curious thing is that in the New Moon chart for March 12, 2013, the luminaries Sun and 

Moon are square the natal Sun and Venus at New Moon moment.Iam not clear whether this 

means a sudden drop sometime this week followed by a recovery. It should be interesting to 

watch.Even if there is any dip my bias would be to buy the dips..." 



Nifty improved from 5th to 11th, where 11th was a turning day.Just as we suspected, around 

the New Moon day, Nifty reversed powerfully and fell from 5971 to 5791 between 11th and 

14th intraday,before reversing again to form a high of 5945 on March 15th before closing 

lower at 5872. For the week, it formed a higher high and a higher low but closed 73 points 

lower than the last week.

Quite bizarre and in keeping with Sun -Moon squaring Natal Sun and Venus.


Let us look at the week beginning March 18 and ending March 22, 2013:



First quarter Moon is on March 19th.Moon Apogee and Maximum declination also is on 
March 19th. Sincethere are no planetary signatures are import this week ( we have quite a few next week) we assume that the Lunar effects will drive the market.

So March 18 and 19 could see the down trend continuing and March 20 could be a positive 
day. March 21 again could be a negative day with prices recovering on March 22

This is at best an informed assumption.So please follow the price.
Technical picture is as follows:

 
After achieving equality with b, the current d wave has gone into a triangular huddle.Last two legs of the triangle may be shorter with reduced volatility, but once the triangle breaks the move could be swift. 
With Mercury becoming direct we think the down trend could resume in a gentler fashion.








2 comments:

  1. Great Analysis Suresh ji as always.

    ReplyDelete
    Replies
    1. Thank you Singh ji for your encouragement.

      Warm Regards



      Suresh

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