Nifty Astro Technicals January 01, 2013

Yet another New Year has dawned. With eternal hope we move forward, expecting our troubles will dissipate, our prosperity will increase and everlasting peace will descend into our beings.
The very beginning of a new year is the first day and the very beginning of the first day is the first dawn and the symbol of all dawns is the Mighty Sun.
We welcome 2013 by a salutation to the Sun...

A look at the technicals..

As we expected Nifty moved up and began what looks like the 3rd wave of the 5th of C of Diametric D. ( Whether the Diametric itself will materialise has to be seen as time goes by..)

The day`s trading showed hesitation because the Fiscal Cliff is not fully in the bag. Some amount of profit taking may come in especially on January 2 and 3rd ( people who sell after the news is out) but the week ought to close positively, especially since it a day ruled by Sun.January 04th is also the day when Venus moves into Sagittarius, a potentially bullish development.
So buy on declines seems to be the rule as of now.But then, Nifty is a rather eccentric lady and she decide to take off also in her excitement! So let the price tell you further as to what to do.
As for the astro indicators they are saying it is good to go till January 11th.
Happy New Year to one and all and looking forward to some good times with all of you.