Nifty Channeling of Zig Zag

As per Neo Wave,the current correction from 5777 is a Zig Zag for the following reasons.
1. Wave a has retraced only 36% of the previous impulse  from 5583.05. That is wave a has retraced only 71 points of the previous impulse of 194.25 points.
2.Wave b has retraced more than 1% of wave a. In fact wave b has retraced 50% of wave a.So no part of wave b has retraced more than 61.8% of wave a.
3.Wave c must move at least slightly beyond wave a.In fact wave c has moved 74 points downward, which is significantly beyond the end of wave a.

Now the Zig Zag is within a channel.It has not touched the lower trend line yet. If it does so and the bounces, we may say with some confidence that wave c is over and wave x has taken over.Wave x also cannot go more than 5728.
On the other hand, if Nifty improves strongly from c then we may consider that c point is E and the correction has ended.
But our Astro indicators are hinting at the correction continuing for some more time.Which means we may expect a small bounce as x wave and then an abc correction as indicated in the previous blog post.

On the intermediate term daily chart we may see Nifty taking support on the 1X2 Gann Angle line.

Nifty Astro Technicals Nov 12, 2012

We had expected reversals on Nov 08 and 09 last week and Nifty promptly turned from 5777 to 5678, the area where we had expected Nifty to settle down. In the process, Nifty had broken the 2-4 upward trend line convincingly. At 5666, Nifty had retraced 57.17% of the up move from 5583.Since it has retraced so much from the top, we conclude that the correction is not over in Wave 4. Currently we are in minor wave E.      It has already completed three smaller waves a,,b and c. Since we expect there is some more time correction left in    wave E, we look to one more set of complex correction a, b and c connected by a missing x wave. This means correction may consume the rest of November as well...

Date	Declinations	Aspects	Remarks
Nov 12 ( Mon)	Latitude intersects Distance on Nov 11th.Latitude intersects declination.	Moon is in Mars star and moves through the subs of Mercury, Ketu, Venus, Sun and Moon. Mars and Moon are sextile. Rahu is in the midpoint of Moon and Mars. Moon is in trine with Neptune, which has turned direct.
Nov 13 ( Tue) Muhurat Trading at 16.45		Moon is in Jupiter star- in the subs of Jupiter, Saturn and Mercury. Jupiter QC with Moon.	Muhurat should be the continuation of Monday-two way moves but with a positive bias.
Nov 14 ( Wed) Market Holiday	Super New Moon at 03:39 am. Moon perigee at 15:48.Latitude crosses Celestial Equator.	Total Solar Eclipse starts at 1.08 am with the central portion around 03.38 am. TSE happens in Libra, and Venus, the sign lord is pretty debilitated. During the critical phase of the Eclipse, Sun and Moon will be in Jupiter star, in the sub of Venus.
Nov 15 (Thursday)	Declination bottoms out at 21:33 hours. Nodes are unusually direct from Nov 15 to 18.	Moon in Mercury star, where Mercury is retrograde and is in Saturn star. Moon squares Jupiter. Retro Mercury square Neptune direct. Mercury is close to Rahu-Ketu axis.	The slow up move seen from Monday may continue.
Nov 16 (Friday)	Growth period ending.	Moon in Ketu star, along with Mars. So Moon conjunct Mars. Sun moves into Scorpio.	Positive, but the growth period is ending. So expect reversal from top. Maybe good place to short the market…
Nov 17 (Saturday)	Mercury at extreme declination. Distance and declination intersection.	Moon irritates the Uranus- Pluto square. Venus enters Libra. Sun conjunct Rahu- opp Ketu. Sun square Neptune along with Rahu.
Nov 18 (Sunday)	Start of retardation period. Mars at extreme declination.
Nov 19 (Monday)	Retardation period continues. Nodes become usual retrograde.	Moon in Moon star. Trine with Jupiter.

We have still not reached a comfortable trading zone. All indices are buffeted by too many news items from all over the world. But then this is also a phase of trading life..

So please trade carefully with stop losses always. Also whatever I have said here are mere conjectures. Let us wait to see the action unfold before we commit any money into the markets.

In the meanwhile, A wonderful and auspicious Diwali is waiting for you...!

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!                                                      

Nifty Astro Technicals for Nov 08, 2012

Fibo arcs and angle lines suggest the following support levels for today and tomorrow. It is a buy-on- dips situation. Because we are in the lunar growth period markets should recover in a couple of days.
Interestingly Mercury star, when Mercury is retrograde behaved exactly opposite to its norm! Today is ruled by Ketu-transiting  Ketu conjunct to a negative natal Jupiter. Will it also lose its positive potential and behave negatively today? It should be interesting to find out. 

Nifty Astro Technicals November 06, 2012

We had expected Nifty to move up today and move up to 5730.80, she did.And closed at 5724.After October 08, only today, after 19 trading days, did Nifty manage to cross 5730.
Developing Wave D also crossed above Wave B ( 5721.55), in the bargain.When Wave D crossed 5721.55, it had achieved 100% equality with Wave C.
At 5726, Wave D would be achieving 61.8% retracement of the entire down-move from 5815 to the lowest point of wave 4 so far, which is 5583.05.  Technically this is an important resistance point. Since the global cues look positive, we may expect an up-move further. Any how the 138% point of 5775  ( or better still,5765 to 5775 band), could be a turning point downward.
The interesting question is, "will that be the  end of developing D wave?"
Astrologically, Wave D could peak out on November 07 and Nov 08 & 09 may see a down trend, whose bottom could possibly mark the end of wave 4. The trend-line connecting Wave 2 and the possible low point of   wave 4 assumes added importance.

Nifty Astro Technicals Mercury Retrograde- November 2012

Mercury becomes retrograde on November 07, at 04.45 hrs early morning. How has Mercury retor behaved in the past? Here are a couple of charts.
Draw your own conclusions!

One clue: Mercury turning retrograde in November- December periods, in Sagittarius and Scorpio, tends to produce bullishness first. During other retro periods, it was decline first.
Mercury now is in Scorpio in Saturn star.

In 1999, Mercury became retrograde on Nov 06, in Scorpio, Saturn star, and this is how it looked...

Nifty Astro Technicals Nov 05, 2012

This is how the wave counts look like:

If 5711, is broken through upwards, then we have most probably completed Wave 04. If 5680 is broken through downwards, then Wave E is continuing for possibly one more day.However my bias is towards the former.Any way we are very close to the end of Wave 04.

Nifty Astro Technicals- Wave Counts Nov 05 to 09, 2012

Since we are in a fairly mature state of Wave 4 in Nifty, let us look at the broader picture first...

Nifty seems to have a triangular formation in Wave 04.We could argue that Nifty had bottomed out after A,B and C waves, but the time cycles do not seem to match. Since Wave 3 was of 20 days, we still have a little time left for wave 4 to bottom out, as per Neo Wave.We have a slightly expanding triangle with a downward bias. If Nifty turns down from here we may witness a Wave D failure.In any case wave 4 is close to completion.

ABC retracement, where AB  is the down leg from 5448 to 5217, show an interesting picture.

Nifty had retraced 100%  of AB on October 31 and had been rising ever since. Time-wise October 30 represents 161.8% of the time taken by AB and October 30 was a Full Moon. So using ABC retracement points along with Lunation does provide us with clues to market movements.
November 05 represents 200% of the time period of AB.Let us see what happens on Monday!
November 13, is the time when 261.8% of the time of AB formation would come to pass.November 13 is also the total Solar Eclipse Day.November 15 is a New Moon. So can we expect another short term price reversal then?

While for the uninitiated, Nifty appears to be meandering aimlessly since October 05, just look at the mathematical balance and precision in Nifty`s movements!We can sense Fibonacci everywhere!

 
Additionally Nifty had taken support on the upward 1x2 Gann Angle line and had met resistance on the downward 1x4 Gann angle line.

Here are the preferred Intra day Wave counts:

Have a great week of safe and productive trading!

Nifty Astro Technicals Nov 05 to 09, 2012

Let us start this week with a look at the Declinations: I have added the aspects for each day for additional information. This is experimental and is eventually intended to bring in more understanding for intraday movements. We first attempt to understand day wise movements.

We are entering a Lunar Growth Period from Nov 03 to 17.Nifty reacted positively on Nov 01 and 02, when Lunar declinations reached the maximum Northern limit and when Moon`s declination was closest to Jupiter.

Date	Declinations	Aspects	Remarks
Nov 05	Declinations of Moon and Sun are in opposition. Moon and Pluto are also in opposition. So Nifty should act negatively.	Nov 04th mid night-Moon is in the midpoint of Venus- Uranus opposition. Moon is square Uranus and is square Venus. Negative effect may manifest on Monday, Nov 05.	Negative.
Nov 06	Mercury reaches its extreme South declination and is closest to Mars by declination. Positive	Uranus –Moon-Mercury is in a trine. Moon square Saturn trine Neptune. Market should rise.	Positive.
Nov 07	Nov 07: Third Quarter Moon day. Moon opp Neptune and Moon opp Saturn. Nodes resume regular retrograde motion from Nov 07 onwards. Nifty may peak today and then show a decline.	Moon sextile Venus. Moon sextile Jupiter. Moon conjunct Venus and trine Jupiter on Nov 12. So market should be positive on Nov 07th.	Positive and then reduction in positiveness.
Nov 08	Moon and Chiron oppose each other. Moon at minimum latitude on Nov 08.	Moon is in the mid-point of Uranus square Pluto. Moon square Rahu and Ketu. Moon opp Neptune. So Nifty should be negative.	Negative
Nov 09	Lunar declination crosses Celestial Equator. Uranus and Moon conjunct each other in Northern Latitudes.	Moon sextile Saturn on 08 Nov at 19.15 hrs. Saturn QC Uranus. Negative effect on Nov 09.Moon square Jupiter on Nov 09.Moon trine Pluto, but Saturn in mid- point. Nifty should be negative.	Negative continuation. A sudden fall may also happen.
Nov 10	Venus, Mars, Chiron and Moon conjunct at S 4*32’.Extreme Neptune declination @ 11*55’ at 14.22 hrs.Positive effect on Nov 12.	Moon sextile Rahu, trine Ketu. Transiting Ketu, conjunct Natal Jupiter and Saturn. Positive effect on Nov 12.
Nov 11	Saturn and Moon conjunct in Southern declination. Positive effect on Nov 12.	Moon square Pluto-Uranus axis, with Sun close to the midpoint. Should give a negative start when the market opens on Nov 12 but other aspects should counter balance.
Nov 12	Neptune and Moon conjunct. So Nov 12 should see a good up move.	Once again Jupiter Venus trine gets activated because Moon conjunct Venus. So Nifty should be positive.	Start tentatively and then positive

Please use the above tabulation as a guideline only. Allow the price to dictate your trading strategies. It is dangerous to trade without adequate stop losses in this Nifty phase.

Have a great week of trading.

Nifty Astro Technicals for Oct 30, 2012

The fall from 5698 to 5645 yesterday was nearly 100% retracement of the rise from 5642 to 5698.Technically, one more up move towards 5720 range seems to be pending.