Nifty Astro Technicals for November 29, 2012

Nifty Astro Technicals November 28, Full Moon

Nifty Asrto Technicals, for November 27 2012

Nifty Astro Technicals for Nov 26 to 30- Wave Counts

We have probably completed Wave E of Diametric ABCDEFG as part of 4th wave progress in Nifty.It also appears that a and b sub waves of F are also completed and we now expect an immediate leg up of wave c of F.As wave 4 of Wave C of larger Diametric D has so far consumed 33 days both wave F and wave G are likely to hurry to complete the rather tiresome wave 4.   

Nifty supports and resistances Nov 23, 2012

We are at  quite an inflexion point with respect to Nifty.On the one hand we have several global factors which look shaky. Our domestic economy is not doing too well either.On the other hand we have quite a lot of liquidity sloshing around which is keeping the Indices from correcting heavily. Let us look at some Fibo levels and Gann angles to see whether we can get some understanding...

Seeing all three charts together,the Fibo and Gann supports seem to be at 5500 to 5530 range, with 5512-5515 being specifically important.

Now for the Resistances....

As per the two charts above, we are seeing a seeming resistance level around 5690. As per Gann`s time and price squaring technique, the resistance for a 180 degree addition of the 5548 low  comes to 5698.So this could be the possible  immediate upside.
Let us hope Nifty agrees with us on these projections this week!

Nifty Astro Analysis Nov 26 to 30, 2012

The declinations also point out to a probable   reversal from November 29 onwards.November 28, being Guru Nanak Jayanthi and a holiday, has reduced the possibility of markets being open when positive Sun was ruling.November 29th, is a day ruled by negative Moon. Rahu and Ketu which are direct from November 21, onwards, will get back to their customary retrograde motions from November 27th onwards.This is also another sign of reversal.Since Moon is in Venus on Nov 26th  and then in Sun on Nov 27th, we may see some upsides these two days.My feeling is we use whatever upsides we get on November 26th and 27th to get out out of long positions and short Nifty.Of course only when price moves in the direction we expect.Planetary positions and declinations both point out to declines ahead.
Lunar negative period ends on December 03rd. Possibly Wave 4 should terminate on December 03rd.
So our take is some positive in the beginning of the week and then negative for rest of the week.
We will look at wave counts and Nifty levels in a subsequent post.
As usual, whatever we project here are conjectures. Price movement alone is  supreme. Let us not anticipate before committing our money into market positions.

Nifty Astro Technicals for Nov 23, 2012

Nifty Astro Technicals Nov 22-Astro outlook

Nifty Astro Technicals for Nov 22, 2012-60 Min Chart

Nifty Astro Technicals for Nov 21, 2012

The current wave b can inside the second x combination can take one more fold down, in which case the final minor wave c could go down more than indicated.