Nifty Astro Technicals for December 19, 2012

Nifty Astro Technicals Lunar Declinations Dec 17 to 21 2012

Moon reaches its maximum latitude on December 17. Effect to be seen on December 18.Moon and Uranus have a declination conjunction on December 19.December 20 is a first quarter Moon day.
Maybe we will have a reversal break out on December 18-20 ?

Nifty Astro Technicals for Dec 18, 2012

In our December 14 post, we had hinted about indecisiveness in Nifty movements. Well, it turned out that a triangle has manifested in the 15 minute chart. The most interesting question is whether wave 2 of 5 has been completed? We will know if Nifty makes a faster bullish retracement out of the confinements of the triangle.If so, that could be the beginning of the third wave of 5?

If Nifty breaches 5880 tomorrow, we can reasonably be sure about 3 of 5.

Nifty Astro Technicals-YODs

On December 21, a very long time cycle which began on August 11, 3114 BC is coming to an end.On December 21, the Winter Solstice day Sun will be aligning with the plane of our Milky way, a very rare celestial occurrence.
During the same period we have some interesting Astro forms..........

As far as the markets are concerned, this raises the familiar question whether anything at all has been achieved across the recent years in terms of debt reduction, recapitalisation of Institutions and by printing huge lots of paper currencies.
Price wise this may also indicate, that the market is approaching an important turning point...

Nifty Astro Technicals -A look at Venus Uranus waning trines, over the past few years

Venus and Uranus are coming together in a customary waning trine on December 20, 2012.How were the recent such trines? Let us have a look...

Should be interesting to see what happens this week. Apart from this there are other interesting Astro developments in the coming two weeks...
Trade carefully  because there are simply no guarantees in the market.

Nifty Astro Technicals for Dec 14, 2012

Nifty Astro Technicals for December 13, 2012

Nifty Astro Technicals for December 12, 2012

In our post on December 09, Sunday, we had expected Nifty to cool off its bullish fervour and be on a negative footing on December 10 and 11. December 12 was when we had expected Nifty to resume positivity ( by reducing negativity considerably ) and from December 13 onwards, Nifty is to resume its upward movement.We had also expected Nifty movements to be a little wild, keeping with the character of extreme declination of Uranus on December 11 and extreme declination of Pluto on December 12.
Nifty did cool off on December 10 and 11. Nifty movements today were wild- hitting a high of 5965 and then reacting 100 points to a low of 5865. Nifty had kept most traders guessing throughout the day,which is very much in keeping with the characteristics of a Uranus day.
Some more gyrations seem to be in store before we resume some more up movements.

Here is the preferred wave counts as of today, December 11, 2012.
The present 2nd wave of 5 ( of C of the Diametric D) seems to be exhibiting complex corrective behaviour.A leg up as b and a leg down as c should complete wave 2 in this time frame before wave 3 commences upwards. Our expected date for wave 3 is December 13.
That the second a of abc formation after x wave, reacted as much as up to 5865, is an early warning signal that the up trend is losing steam and the final topping is not very far away.
It is interesting to look at a fractal similarity seen in daily and 30 min charts of Nifty.

That the fractal in 30 min time frame looks compressed probably points out to the shortening time available for rest of the waves of Wave 5.Sudden sharp falls and increased volatility are hall mark characteristics of 5th waves.

Let us look at another long term fractal. That occurred in the Sensex between 1992 and 2003 and compare with the present period.

If we assume a similar retracement of 96.8% or thereabout,  Sensex should touch 20917, which is another 1355 points away.
Will History repeat?

Nifty -a Few Technicals

Nifty seems have completed wave one of 5 and may have started on wave 2 of 5.Indeed after a rise from 5548 to 5949 ( about 401) it is healthier to have a correction.We had an intraday fall on December 06, but a correction on closing basis is still to happen.Since this rise from 5548 has already consumed 12 trading days, a correction is due time wise also. Looking at the technicals the correction in the form of profit taking may be swift and sharp with recovery in the form of 3 of 5 continuing the current up trend.
Here is an intraday Fibo picture....It is interesting to see the intra day correction falling exactly to 23.6% levels.

On the weekly charts, we are beginning to see the beginnings of a negative divergence with the 9 period RSI...

While it is too early to react, it pays to be a bit more cautious, going forward

Nifty Astro Technicals December 10 to 14, 2012