So we have an interesting week ahead.Will Nifty carry on improving? Or will she break down and seek levels lower than 7997?
Let us seek some answers, starting with Astro...
Aspects shown in the bottom half of the chart are negative and aspects shown at the top portion of the chart are positive. Negative aspects favour bottom formation. So the market should decline nearby these aspects and top ones favour short term tops, after which market tends to move down.
Pluto retrograde, Venus square Neptune, Mars and Mercury squaring Pluto and Sun trine Pluto---all favoured Nifty moving down to a bottom, last week and that is what she had done. Special mention must be made of Jupiter squaring Full Moon on May 04th and within two days, Nifty crashed heavily to 7997.
For the week beginning May 11, we find that both Venus and Mercury are entering extreme declination positions. Moreover they are also Out of bounds. This makes both of them very unstable and lead to increased volatility. Jupiter is in Aslesha, ruled by Mercury and so he also will be unstable.
On May 11th, Moon is in the 8th house at start of trading.It is in the sub of Venus,which is the 5th and 12th house lord, placed in the 12th. So Nifty may open tentatively lower but gain strength later on. When Moon moves to Mars star, Nifty should move up steadily.Upmove may continue for 2 or 3 days, after which Venus square Rahu and Ketu, along with Mars opposite Saturn should take over and Nifty may resume her down move, close to the weekend. It is significant that Moon will be in Revathi by then.Mercury in the 12th may cause some problems for Bulls.
Declination chart presents a picture which is self explanatory.
Gann Angles also suggest that May 14th or 15th could see a short term top..If Nifty does not manage to reach the higher slope line, then it could prove to be very bearish later on.
Our cycles present more or less a similar picture. Since we are in an inverted cycle, we have been expecting a short term top when the blue cycle hits the ground.So we may expect a short term top by around May 14/15.After which the more powerful red cycle takes over. Since this is firmly in the down trend and since Nifty is approaching the final phase of a turned down cycle, we may see significant price damage after the current up move tops out.
With consistent down ward pressure,Neo wave wise, we may consider wave e of the extracting triangle to be completed. So there is a good chance that the upmove from 5119, to 9119 may finally be over, as a complex corrective pattern.
To understand better,let us look at long term daily chart first....
We see very clearly that Nifty had fallen off from the 45 degree central line, quite decisively and has now taken support on the next parallel 45 degree line, shown as dotted line.It is following the path of the red arc downward as well.We have seen that it takes significant energy for Nifty to break through this red arc and move up.Every arc is an energy level.
When Nifty fell off from the central 45 degree line, it took support and reversed on the orange parallel line.
Similarly, if Nifty breaks the current dotted 45 deg parallel line, it may take support on a lower orange parallel line.
If it recovers from here with an energy burst, then the resistance is at 8627, as per angles.Right now, slippage to the lower orange line looks more probable.
Coming back to Neo wave, after wave e, we have seen an abc correction so far.Wave c may not be over yet. Low point of 7997 could be wave a of c and the current uptrend is wave b of b. So once this b of b is over, final c of c may start down.
This then is our current expectation.Cycles and astro also seem to agree.
Even simply channel techniques on Monthly indicate a down trend in force, despite the recent up move.
Summing up,
Current upmove could be persist till May 14 or 15. Then the down trend could resume to seek levels lower that 7997.
Again, again and again, these are all just expectations and assumptions. Putting money on the line must be done only when Nifty moves in the expected direction. Not before.
No trade is to be done expecting Greece issue to worsen or improve.GST bill or Land Bill passing is of no consequence to the trader who wants to make money.
How Nifty moves after such events is the only consideration. All what has been given above are just guidelines and are not infallible.
Enjoy your trading and let it be profitable!
40 comments:
Hello Sir ..Thank u for ur update ..
My pleasure Naveen.
Dear Suresh ji,
What is the significance of 3rd July that you have mentioned on long term daily chart? Are we expecting down move ill then?
Dear mr. suresh,
thanks for such excellent work and i realize it is extremely time consuming; with that token and with many thanks in advance will you please update one more time Dow jones, s&p and or OIL if possible
i realize this is asking too much from a extremely busy man like you
GOD BLESS !!!
vick
Ankitji, that is the earliest timeline of Time and Price Squaring in the present trend.See the chart now. I have drawn in the circles. Did not want the chart to become complicated. If you look closely you can see that the present upmove could move to the level of the inflexion point of the inner timing circle, 45 degree blue line and the vertical tangent.This is somewhere around 8331 levels.Then it may fall below 7997 levels till the lower yellow line begins to support.It is not one down move what we expect.
Sure Vick. I shall post them tomorrow.
Thanks Suresh ji. Superb work. Appreciate the effort and time that you invest to share your knowledge.
Hello sir
Thanks for the update.
Sir how do you expect the nifty to behave around new moon since it's happening at a critical time.
Could it create the extra energy which the nifty needs to get pass the red arc.
Regards.
QuEeNhAvInA, Good Question. But then you are not reading the first chart. If you notice I have put the New Moon symbol at the bottom of the chart and not at the top. Also on the same day, I have highlighted Mercury retrograde.Additionally, New Moon happens in Krithika star which is falling on the eleventh house of the day chart. So we may expect an upmove for a couple of days.
Sir here's my confusion ,
1.) moon in mars star good for next couple of days or not much downside.
2-) global markets too not negative.
3-) new moon and a series of top formations the week after next.
4-) bottom formation has happened for the time being as per the chart.
5.) trend is down.
All this is giving confusing signs.
Regards
I think the markets might surprise on the upside.
Why confusion? We are expecting an upmove till mid week no? Moon in Mars and Rahu should help.. Moon in Jupiter, Saturn and then Mercury should pull down.Global markets are not having too much of synchronisation with Nifty at the moment. In such cases , if the Global market moves 100 points, Nifty would move much lesser in the same direction.Top formations begin their influence this week itself, by the end. Top formations mean the market will move down after the top. New Moon is another upmove which may result in.a reversal.Any way, if the market moves up also, we will be in a profitable trade and ultimately that is all that matters!
Good! We then make money on the upside!
Great sir,
Got the swing.
Best regards.
Hi Suresh,
In your previous article,it was mentioned that close below 8065 will damage charts and nifty can slip to 7100-670 kind of levels.So do you expect nifty to touch 7000 in this correction?If yes,then from now,in how many months it can go down to 7000 kind of levels?Please advise.
Hi Suresh, I think we are forming the 2nd X-wave within the D-Wave.
As far as the larger degree is concerned we may indeed be forming a triangle (as opposed to a Diametric) as the 3rd phase of this triple corrective rally. The 'False Break' of the channel (enclosing rally from 5119) could be indicative of this. I have posted my analysis on my Nifty Blog.
8200-8250 range support zone broken comfortably. Next support will be around 7750-7800.
Dear Hemang,Yes, I continue to believe that the internal structure of the market has weakened for the time being and so it could slip to 7450 to 7500 levels.This could happen with ups and downs till about the third week of June 2015.Markets may resume their uptrend after that. However our trading may be done based on actual price moves and not on forecasted moves.
Hi Mahesh, triple combination increasingly looks like it is over.D wave of 43 days looks a bit stretched.We will have more confirmation when the current move breaks 7997.
Agreed, Bhupinder.
Hi friends,
Did not notice how well behaved our blue and red time cycles were? Blue cycle completed its price inversion yesterday, Mat 11, when Nifty made a high of 8333. Now it is the turn of the red cycle. It is pointing low and it is a more powerful cycle.So, we expect more downsides.Red cycle looks to bottom out around June 10th.
Greetings sir,
In response to your point above, is it not possible that we would have formed a higher low today and there is a possibility of testing 8500? After all, the current close retraced exactly 61.8% of the quick 300 point rise. Also the fall could be wave b and the final wave c upward could be pending as a part of a corrective wave?
Thanks and regards,
Prashant Raghavan
Yes Sureshji "8333", D-Street is moving on technical indicators and not on astro indicators. This is not the first time it has happened but in my experience. Reversals get severe once the mirage effect of going against astro indicators gets over. A syncronized move of astro and technical indicators does gives a stable trend. I will not be surprised if markets move against astro indicators, but I do get a feeling the kind of bull trap the nodes create.
Dear Prashant,
After wave e, sub wave a was down. So sub wave c also has to be down.Sub wave c is sub dividing.So we had a of c and b of c closed today. Thereafter what we saw was c of c opening downwards.With c of c completing the entire fall from 9119 would have completed one leg. Then we may see a much larger wave b opening up. For that, all other factors and studies must coincide and culminate. My experience is that all factors, technical, astro, cycles and neo waves come together to give us a clear picture. Half the time, it is our own infallibility in understanding and applying the principles which cause confusion and vagueness.And this is what Iam learning to correct by regular application.
Dear Manoj, It is the other way round. The first and fundamental move is always astro. Technicals only follow later. We never know a pattern until Nifty is well into it.Our problem with astro is one of interpretation.Mirage effect of going against astro, is also an astro interpretation! Provided we know how to read it properly. That is where we are learning isn't it? Synchronicity is always present, between astro and technicals. It is only limited to our understanding.Wave patterns often unfold in the direction indicated by astro. Cycle tops and bottoms also coincide with astro formations.In time, we can even understand when a short term cycle will invert, if astro indicates so.In fact my experience is that we really do not want a full blown analysis to understand the general trend of a market or a stock. to benefit from it.Thanks for your thought provoking views.
Sureshji I get your point.
Today's volatility is a rare one. 130 points rise, then complete fall, then again 100 point rise in nifty. It is behaving in such a way that nobody will be able to make a guess in either direction and all the stoploses would have been triggered by now for both side players. Extremely tricky and confusing situation but my bet is to be on the short side. Sell on rise.....
In such cases always trade with the larger trend. Hae position hedgings to benefit from volatility.
Hi Sir,
The Nifty made a higher low in the Daily charts today. I think this move would take it all the way to the major downward sloping trend line that joins the all time high and the previous high at 8845. In that case, some more upside seems to be in the offing. This is also reflected by the MACD histogram (Daily time frame) that is just about to break into the positive. Of course, all this will be proven otherwise if today's low is taken out.
Prashant, Nifty made a lower low compared to yesterday and a higher closing.Major downward sloping trend line comes to about 8270.Unless Nifty trades above 8270 and possibly closes above this point, the trend continues to be down.In fact if Nifty trades above 8350, then we can conclude that the trend has reversed. Till then it continues to be down. Time cycles also favour a down move still. So all up moves are "Sell on rises", within the limits defined above.
Will you do Personal Kundli Prediction for me ??
Sorry. I do not do personal Kundli predictions.
hiren i do personal kundali u can buzz me on twitter == @42092111
Hi,
I meant that in comparison to the previous low of 7997, it has made a higher low and has so far not gone below it. Also, the downward sloping trend line that I am referring to is the trend line drawn on the daily chart joining the tops (The all time high and 8845). If the price were to hit this trend line, it would have to go to around 8600 levels. Also, as a sign of accumulation, an inverted head and shoulders pattern is forming on the hourly chart. We are currently in the right shoulder. The pattern targets are also in the vicinity of 8600. I agree that the main trend is down, but we seem to be in a counter trend rally. Just awaiting confirmation with a break of the previous high on the hourly chart. Astrologically too, if I have understood correctly from the chart you have shown, the next "bottom" aspect appears to be only on the 25th. Before that only top aspects are shown. So maybe we could go up with some volatility in a very unconvincing manner till then and then revert to the original trend soon after.
Not sure whether I have interpreted the Astro part correctly.
Hello sir,
Something is not adding up.
Last 1/3rd of mars transit we are expecting an up move which also coincides with jupiter Uranus square.
Nifty is more or less flat for first 1/3rd of mars transit with increased volatility.
How do you expect the middle part of the transit to behave with an increased bullish euphoria around at the moment.
Please advice.
See the latest update please.
Hi,
Please see the latest update and revert.
Hi,
Last 1/3rd? Not clear.
Uranus and Jupiter are moving towards a trine, not square and that is next month.
Bullish euphoria? Again not clear.
Sir as per last report mars in Taurus generally aids a rally in the last part of the transit.
Bullish euphoria was clear with the new post and a possible top around 22nd.
And yes a trine. -:)
Post a Comment