Nifty Astro Technicals October 22 to 26, 2012

Nifty`s wave 4 which began on October 04, continues to consume time without any appreciable price damage yet. In the bargain, the wave patterns are becoming complex and nearly useless from a positional point of view. Only the most nimble of day traders seem to be making money as of now. But then for followers of Elliott Waves, this is nothing new. Just trading the impulses and an occasional correction is more than enough to be satisfyingly  profitable.Complex corrections make us become more disciplined,enough to know when not to trade.

We continue with our analysis of Nifty movements

If Nifty breaks 5641 it would be breaking the baseline of the descending triangle as well as 1x2 Gann line.That would lead to 5585 levels.

Here are the preferred wave counts.Wave c of the corrective Wave 4 is likely being formed.

Astrologically, we are in the Lunar negative period for the rest of the month. Most important aspect this week is the conjunction of Sun and Saturn in Libra.

Let us look at this week, in detail:

Red period continues throughout Oct 22. Nodes which are direct from Oct 18, become regular retrograde on Monday, Oct 22, 2012, at 09.00.26 am. Will this bring a small trend reversal?

09.15 am to 11.20.04 am, Moon in Sun star, is in the sub of Mercury. Natal Sun is at QC with transiting Mercury. Negative opening expected.

At 11.20.04, Moon, in Sun star, moves out of the sub of Mercury into Ketu. Negativity should subside.

At 13.33.55 Moon moves into Sun star, Venus sub for the rest of the trading day. Venus is. Caution: Natal Sun is square transiting Venus. Natal Venus is square transiting Venus.

At 14.15 Asc moves into Saturn sign, Mars star. Moon will be in Sun star, Venus Sub. Natal Mars is trine with transiting Sun. So markets should improve from hereon.

Oct 23: Sun and Moon are in the same declination. Moon is in Moon star. On October 23rd lunar negativity should continue till 12.30 pm. By 12, 30 pm, downward momentum ought to slow down. If it doesn`t then the day could be negative.

Oct 24: Moon reaches its maximum Latitude on Oct 24^th. Sun and Neptune are in decl-conj .Effect is seen usually one day after. We have no trading on Oct 24.

So Oct 25 could be a reversal- to-the-positive-day. Further, Saturn reaches its farthest distance, during this time.

On October 26, Moon crosses the Celestial Equator, from South to North. Moon in decl- conj with Uranus. By 11 am, Moon moves into negative zone again. So Nifty may end the week on a negative note.

On a Universal scale there are not many aspects to discuss. Sun- Saturn conjunction is expected to take effect from October 31.Venus Jupiter square aspect should end on October 22. Aspects of import are listed here.

Exact Date	Planets	Aspect	Orb	Orb Effect Date	Expected Effect
08 Oct 07:18:00	Mars-Neptune (R)	Waning Square	Within 5 days or 8-12 days	Oct 12 or 17-23.	Dual effect, but mostly crests.
09 Oct 13:27:35	Venus- Pluto	Waning Trine	Within 5 trading days. Sometimes 11	Oct 16 or 25	Crest formation-Medium term effect
15 Oct15:40:00	Mars-Uranus (R)	Waning Trine	6 trading days	Oct 23	Not very strong or consistent. Crest formation, mostly.
17 Oct04:53:35	Venus-Jupiter (R)	Waxing Square	3 trading days, sometimes on the day of aspect.	Oct 19	Good trading signature. Dual effect.
25 Oct14:04:45	Sun-Saturn	Conjunction with Sun nearly debilitated	5 to 7 trading days	Oct 31 to Nov 02	4% reversals. Mostly crests. But some dual effects also seen.

As usual we recognize all these are conjectures. We will wait for the price action to confirm or negate these expectations and trade accordingly.

Wishing you all the very best, of what this festive season  has to offer!

Navratri

Nifty Astro Technicals for Oct 19, 2012

October 19, 2012, is the expected Lunar Reversal day.Please refer October 14th post for a detailed Astro analysis.
Let us look at the charts as of today:

Here are my preferred counts:

Wave 3 which started from September 06, 2012, had taken 20 days for completion. Wave 4 should therefore take a minimum of 21 days for completion.It has so far seen 9 days  of action as Wave 4.Major part of wave c, and possibly wave d and e are remaining, if Wave 4 traces out a triangle. If it is a diametric, we may see two more additional legs, f and g.
Sun-Jupiter waxing trine of October 09, will mature on October 19.This is an aspect generally associated with crests.Venus and Jupiter had also formed a waxing square aspect on October 17.This signature also may have its effect on October 19th.

Nifty Astro Technicals for October 16 2012

After rising for 20 trading days from September 06, Nifty has corrected for 6 days so far. From October 05.It looks in all likelihood that Nifty may get into a 3-3-3-3-3 triangular corrective mode, with each leg becoming smaller than the rest. Triangles are generally lack lustre and difficult to trade from a positional trade perspective. Since Wave 3 had consumed 20 days Wave 4 should consume a minimum of 20+ trading days. We enter the 7^th day today.

Daily intraday momentum signifies a rise to the overbought zone, while the weekly momentum indicator is signifying a fall. Since the larger trend is always the stronger, risk reward ratio is in favour of selling on rises for the time being.

Since we assume (until confirmed or proven otherwise) that Nifty has entered wave 4 and wants to form a triangle, with 5 legs of 3 folds each. We may look to see whether Nifty crosses 5747 which is 61.8% of the retracement from 5815 to 5637.In fact 5747 to 5751 looks to be an ideal sell zone.  

Nifty Astro Technicals for Oct 15 to 19 2012

Let us begin our analysis of the week October 15 to 19, with Astro indicators.

To locate any place on earth we require two kinds of coordinates- Longitude and Latitude. Similarly to better understand the probabilities of occurrence or non-occurrence of any event, we need both longitudinal as well as latitudinal Astro calculations.

Our traditional Astro analysis is mostly used based on the longitudinal position of various planets across the Astro charts.  This is why, for a fuller understanding I have been posting the declination charts. They give a latitude based understanding and bring us a little closer to interpret what the stars really are saying. Latitude positions do give a reversal time period, which may then be fine-tuned with other Astro methods.

For example, in the recent past I had posted the following declinations chart. October 04/ 05 and 11/12 were suggested as reversal dates and we all know what happened in the markets.

Let us look at an example of combining longitudinal and latitudinal studies- As per longitudinal studies; Jupiter became retrograde on October 04 as per regular chart studies (longitudinal.) As per Latitudinal studies, Jupiter reached an extreme declination level on 2^nd October. So a reversal was indicated, which manifested on October 05^th. More research should reveal how to exactly pin point the time of reversal, during trading hours.

Let us look at the declinations chart for this week-October 15 to 19, 2012.We also have the declination values in a tabulation here, for better understanding.

·         We see that there is a Moon-Sun declination conjunction (decl- conj) on October 15. This also happens to be a New Moon, which means Moon and Sun are in the same longitude, in Virgo, on this date. This makes this New Moon very powerful and maybe eventful.

·         Decl-Conj are just like regular longitudinal conjunctions. They produce results based on the nature of the planets involved in the conjunction. We also notice we have a Moon-Saturn decl-conj on Oct 15 and a Moon Neptune decl conjunction on October 16. Since October 11 reversal was positive for the markets (by positive I mean increase in value), we may expect these conjunctions to increase positivity.

·         Both Mercury and Pluto are unfavorable for Nifty. So the declination conjunction on Oct 19 could spell trouble. Sun-Saturn decl-conj may neutralize things a bit, but since Moon reaches its lowest point of Southern Declination we may expect a reversal from October 19^th onwards. 

Please have a look at the table above .Planets in the Northern Latitude are denoted by N along-with their coordinates and planets in the Southern Latitudes are denoted by S with their coordinates. When a planet in the Northern latitude and a planet in the Southern Latitude have the same coordinates, then they behave as if they are in opposition to one another. On October 12/ 13, Sun and Venus were more or less in opposition and despite Venus being in its own star, we did see a decline on Friday, October 12, even though the positive trend remained intact. In the same time, Mars and Jupiter were also getting into opposition, from somewhat extreme positions. Positions described earlier have been highlighted.

Please see the position of Jupiter and Moon on October 19. They are also in an opposition mode. This again suggests a reversal.

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Now we have a look at the traditional KP Astro longitudinal charts.

The New Moon participants, Sun and Moon in Virgo are in a trine with Natal Sun and Venus. Natal Mercury and transiting Mercury are also moving into a trine. Transiting Sun and Moon are also in a trine with Uranus. Transiting Ketu is conjunct with Natal Jupiter and Saturn.

This formation suggests an improvement in the market for the near term  

Let us see how the weekend chart looks like. The picture seems to change a little reddish.

Transiting Sun gets into square with Natal Rahu. Transiting Venus is getting all square with Natal Sun and Venus. Moon which is the trigger point is getting into an opposition with Natal Sun and Venus. Transiting Moon of course has to be square to transiting Venus, for that. This suggests a topping out possibly by the weekend or early next week.

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Since October 15, happens to be a New Moon, let us look at the New Moon chart itself. Ruling planets are Saturn, Mars and Moon with secondary support from Rahu.

See this chart for October 18, 2012:

On October 18, 15.15 pm, Moon reaches 11.48.10 degrees in Scorpio. This quarter of the sky is conjointly ruled by Mars-Saturn and Moon. So this could be a significant turning date. This happens to be the 9^th house, which is 12^th of tenth. Sun would also have entered its debilitation house, Libra,  by then.

Now for the last chart of this blog post:

November 06, 12:59 pm:

On November 06, 12.59 pm, Moon will be in Cancer at 12:08:07.This point will be governed by Moon –Saturn-Mars-Mars. That will also be the worst debilitation point for Sun in Libra and Venus in Virgo. That could mark a low point for Nifty.

Will all this come to pass? Only the Creator knows!

But nothing wrong in examining isn`t it? Maybe over time we will develop enough techniques to help us predict the markets better.

Till then trade safely with no anticipation, and with stop losses. Let us examine the waves of Nifty in another post.

Have a wonderful week. 

Nifty Astro Technicals for Oct 12, 2012

As we expected, Nifty bounced out of the intraday contracting triangle and has begun its upward movement as b.Minor leg b has retraced more than 80% and since the next larger degree wave from 3, did not even correct 38.2% we consider that minor wave b may exhibit strength.If minor wave b crosses 5728 ( 100% line shown) then we consider wave b is going to be stronger.We should know that on October 12, 2012.
From 09.15 TO 13.44 Moon will be in Ketu star, which should favor continued bullishness.Between 10.26 am to 13.44 hrs, Moon will be in Ketu star, but Mercury sub. Now that could possibly cause some coolness.13.44 hrs, Moon will be in Leo in Venus star.Since Venus is also in its own star, we may expect the uptrend to be intact.

If we look at the updated Daily chart, we see that Nifty is to enter a positive zone from Monday. Since Monday happens to be a New Moon day and since prices are rising towards the New Moon, we may expect corrections to set in on Monday. This will likely be a two day affair.
Earlier today, Nifty had breached 5640 intraday, to go down to 5636.80.Technically with the fast fall formation seen on 08th Oct , we are more or less in wave 4.

Nifty Astro Technicals for Oct 11, 2012

Nifty continued to drift down and close at 5652.15.It touched an intraday low of 5647.05.Open Interest decreased with Increasing volumes, and since the price decreased, it meant that weak longs have closed out their positions and new shorts did not get created. Also shorts in profit may have exited.
The above 15 min intraday chart of Nifty, shows the minor waves in a triangular formation. the final
"e " leg down is close to ending.Today was the fourth day of down move and looking at the technical internals, a bounce looks likely tomorrow.

Till 14.01 Moon is in Mercury star and the down drift is expected to continue. Post 14.01, Moon enters Leo and Ketu is the star lord.Markets may bounce back after 2 pm tomorrow.
Here is the medium term chart:

5640 is the first crucial level. Will it break tomorrow. Maybe, maybe  not.It does not matter. If the market turns up then hold on for a rise because we enter the green period next week. Possibly we will be in wave b of 4 next week.

Nifty Astro Technicals October 10, 2012

 Nifty is interestingly poised.Wave 1 of C of Diametric D was on for 26 days and rose by 578.20 points. Wave 2 took 40 days. Wave C took just 20 days to rise 598 points.Wave 4 should take at least 20 days and end by November 2 to 5.Different wave sections are shown in boxes.    In our previous post we had mentioned that the terminal impulse in minor wave 5 of 3 should end by 5640, and that could be the first leg of wave 4 of one larger degree. So we wait to see whether 5640 is breached. That will mean wave 4 is truly on.
So what next? Let  us use Financial Astrology. Based on planetary aspects and lunar behavior  we have shown three bands. Yellow is neutral with a negative bias, green is positive and of course red is negative.Planetary positions and impacts have been covered in detail last Sunday.
First level to watch is 5640 and then 5585 to 5587.Any upside seen on Wednesday morning or Thursday may be sold into.Expect a b wave recovery from next Monday onwards till Oct 19.From Oct 22, the fall should continue as c wave of wave 4. We will then know whether it is to form a triangle with 2 more legs d and e . This bouncing on and off ought to continue till November 3/6 or earlier till Oct 30.
We continue holding shorts with a stop loss of 5751.
Of course all depends on Miss Nifty and what she decides to do. We all know her as a rather whimsical lady!
Needless to say, markets are turning treacherous and so stop losses are a must. No anticipation gives you profits with peace of mind.

Nifty Astro Technicals Momentum play

Stochastic movements in different time frames could give us clues to the immediate market moves.
See chart above. There is a negative divergence and the daily 9 period slow stochastics is getting ready to move down.
Look at the chart below:

The 5 min stochastic is pretty over bought. Now when it starts reacting downwards from the high that is when a short trade could be thought of.Confirmation will come when the previous bar low is taken out.

Nifty Astro Technicals- Gann Price and Time Squaring Oct 06, 2012

Nifty had broken down from an important 1X1 Gann Angle on October 05 and had also had a maturing time and price squaring happen on the same day. The Gann time lines were repeating on the 14th calendar day,since the previous significant low.