Bounce is on the cards...!

Nifty Astro Technicals February 11 to 15, 2013

We recall the major aspects and Astro actions of the past month to take a holistic view of Nifty`s movements.

1. January 16, 2013: Rahu enters Libra

2. January 17 2013: Venus conjunct Pluto and square Uranus

As expected in 7/8 trading days, Nifty topped out at 6111.80 on January 29, 2013

3. Jupiter turns direct on January 30 2013. Nifty had topped out just a day prior.

The next major medium term impact aspect is Saturn turning retrograde on February 18; 2013.As discussed in the previous posts, Nifty generally rises into the phenomena before turning down again after the event.

Let us not forget that Jupiter is still in Taurus. So I do not expect an intermediate down trend to commence. Rather after a shake out of weak hands, Nifty should make one more attempt towards 6000 or 6100.We will shortly see how the waves account for such an observation.

For the current week, between February 11 to 15, Moon is travelling in the houses of Aquarius, Pisces and Aries.

Historically, Nifty hits a high, when Moon is in Pisces, especially when she is the phase between New Moon and First Quarter.

So, this then is the Astro expectation:

February 11 is a high impact day, with several lunar signatures coming up. New Moon effect, Moon in Max Latitude, and Saturn getting into extreme declination. Moreover we have other signatures all adding up:

Saturn Venus square

Sun square Rahu/Ketu axis

Mars square Jupiter

Mars and Mercury conjunction

So Nifty could decline some more, possibly to 5800+ levels and then bounce to 6000 or 6100 by February 14/ 15. But then with Saturn retrograde looming in, this will again get sold taking Nifty down below 5700 possibly. But this is expected to happen only after Saturn becomes retrograde, post Feb 18, 2013.

Continuing bearishness has changed the counts a bit and they are being

presented here, afresh.  

Conclusion: Short term trend is down, both with Astro and Technical understanding. One more bounce could be expected. A major down trend does not appear to be on the cards, since Jupiter is still in Taurus.Saturn retrograde may coincide with the abc corrections currently going on. 

Nifty Astro Technicals for February 06 2013

See the yellow band in the accompanying chart. It represents a terminal impulse move and a faster correction almost to the roots at 5940. Any up-move from here should count as the fifth of the fifth wave.

Astrologically also the charts are interestingly poised..

Nifty Astro Technicals February 04 2013- Saturn stations

On February 18, 2013, Saturn becomes retrograde in Libra. This is another powerful station in Financial Astrology.
Let us see how our markets behaved in the past. Since we have to go back to the 1980s, Iam using BSE charts here...
Saturn had last transited Libra, 29 years before..in 1984...

Retrograde station had led to an immediate downfall.
Let us look at recent times..

 

Planetary aspects of March 01,2013 indicate caution, especially with the Saturn retrograde, in the back ground.

Jupiter in Taurus- direct and retrograde station effects 2013

In the past, we had seen how Jupiter takes up the trend when it enters Taurus and then amplifies it and pushes the market in the same direction, either up if the trend was up when Jupiter started off in Taurus or vice versa.
Last time Jupiter was in Taurus was in June 2000- 2001..
Let us look at a couple of charts....

This weekly charts tells us that the trend which was negative when Jupiter started off in Taurus, was continued throughout.
What happens when Jupiter turns retrograde and then turns direct, when in Taurus?

In Taurus when Jupiter became retrograde, within three weeks, it started a strong counter trend move.
When Jupiter became direct,within two weeks, it started a trend which was strongly in the direction of the major trend.
Now let us look at 2012-2013....

In Taurus, when Jupiter became retrograde on October 05 2012, it immediately started a counter trend.

Going by past form, then Jupiter ought to start a new up-trend now, especially since Nifty was falling into the direct station on January 30, 2013..Price movements are also likely to remain within the maroon trend-lines.In other words, the downside from here on is only up to 5940, which is the level at which the lower maroon line intersects.

Nifty Astro Technicals- Now the technicals Feb 04-08, 2013

The current fall in Nifty has pushed it beyond the lower boundary of the Keltner Channels.At 50% of Fibo, we have a likely support at 5967.The sheer continuation of this fifth wave, which began from 5548, on Nov 20, 2012, has already consumed 51 days.So we may give credence to the theory that fifth wave is getting extended. If so we look at the current up trend and micro down moves as part of the micro waves inside the 3rd wave of the 5th wave.
International situations also are adding to this understanding. It looks like, internationally, money is now moving out of bonds and other fixed income products, into equities.
http://www.bloomberg.com/news/2013-02-01/u-s-mutual-funds-reaping-record-deposits-as-markets-rise.html
Our domestic funds are selling primarily because they need funds to subscribe for the several Government sponsored stake selling in many companies.

Have a great week of trading! Prudent money management and always allowing the market to make the first move are two permanent strategies which will make money for you and prevent you from losing money, all the time, no matter what the market condition is.

Nifty Astro Technicals February 04 to 08, 2013

In our previous Sunday post we had expected Nifty to trend down from Jan 31. In fact Nifty courted Negativity from Jan 30 itself. We had expected the negative moves to last up to February 04, 2013.

Let us continue from here....

Nifty has been correcting from a high of 6111.80 and has touched a low of 5983.20 on February 01, 2013.Hereafter Moon will be moving through Libra, Scorpio, Sagittarius and Capricorn, till February 08, 2013.

In a third quarter deviation period, when Moon travels through Libra, Scorpio and Sagittarius, isolated weekly bottoms were more common.

So a bottom beyond 5983, on February 06, 2013, when Moon is in Mercury star, looks likely.Then the min declination point on Feb 06 and min distance on Feb 07 could be turning points upwards. That is the present down trend could get arrested and an up move could begin. Even the minimum Latitude inflection of Feb 10, may be construed as reversal upwards. After that Nifty should move up into the New Moon on February 10.

See the declination chart......

New Moon deviation period is from February 11 to February 17.Moon moves through Aquarius, Pisces and part of Aries during this time. Traditionally Nifty was hitting weekly highs in Aquarius and Pisces. We may safely  assume that when  Moon is in Mercury, on February 14 we could have a high point day. 

Let us see the planetary aspects in the next fortnight...

Positive aspects earlier in the week ( Feb 04 to 08) should limit the present down move and allow Nifty to reverse.We have some hiccups post February 10 and 11.However with Saturn turning retrograde by February 18, that date may act as a magnet pulling Nifty up to it. In other words, after February 12, 2013, Nifty may move up till February 18, 2013.

So this is my Astro expectation.There is a modification to my expectations posted on Sunday, January 27, 2013.

 Nifty could bottom out in the short term on February 06. Then could move up till Feb 11. Face some temporary setback ( down moves)on Feb 11 or 12 and then move up again, to hit a high by February 18, 2013, which is also the First Quarter Moon date.

A look at the Monthly technical picture

Nifty Astro Technicals Jan 29, 2013

This has been the dominant theme of our markets for some time.Domestic Institutions are selling while FII buying in larger quantities offsets this selling and keeps pushing the markets forward.
Astrologically Rahu represents foreigners and their activities and so when Rahu conjuncts Saturn on September 17, 2013,there could be a major trend change in this activity. Anyway it is too early to be bothered.
With this back drop we look at the wave counts, and this is how they look to me. February 08/11 could be an important turning date. Minor wave 3 could terminate and wave 4 could begin....

Nifty Astro Technicals Jan 28 to Feb 01,2013

We look at the current week by going into a future date (Feb 08 2013) and then travelling towards this week (Jan 28 to Feb 01, 2013.)

What do we see?

Jupiter after turning direct comes back to form a trine with Natal Neptune. This trine formation will be for the second time ( the last time we saw this was on January 22, 2013.And Nifty reacted from 6101 to 6008, in 2 two days. But since the trine formation continued to be intact then, Jupiter was moving retro into further inner movements with Neptune, we did not see further reactions.

But from Feb 08 onwards, Jupiter is going to gather speed and move away from Natal Neptune, which means the basic bullish trine formation will begin to develop serious cracks.  ……………………….(1)

By Friday the 13^th, Rahu in Libra will be squaring Natal Uranus- this is indicative of more long term trouble……(2)

Mars and Mercury join hands and attack Jupiter squarely. Effect to be seen on Feb 11, Monday……(3)

While Sun forms a conjunction with Natal Uranus, more troubling is the square shown between Sun, Rahu and Ketu…..(4)

At 13:37 degrees Venus has completed its positive trine with Jupiter. ….(5)

There are no smaller or faster planets left in the arc Scorpio to Capricorn, to form trines with Jupiter……..(6)

Again, on Feb 11, Monday, Venus will be square with Saturn…(7)

So looking at the font colours, it looks like predominantly things are going to be downhill from February 08 onwards. But remember, the bid fella, Jupiter is in Taurus and he does not like changing trends when in Taurus. So between February 2013 and May 2013, we may expect a topping out, (the 5 wave phenomena), wave A downwards and a big wave B upwards, which may rival the tops in February, whether it is 6100 or 6200 or 6300, is immaterial.  

After Taurus, by May end, Jupiter moves into Gemini. Gemini is a dualistic sign and even worse, in Gemini, Jupiter will get into a square aspect with Uranus and an opposition aspect with Pluto. But all these are currently far away in August 2013 ( in fact we could witness an unholy trine relationship with Saturn somewhere in July 2013, where everything will look rosy for some time..) and so let us get back to the only thing which is real—the present moment. Now!

Let us back track. Between January 28 and February 11, there are ten trading days.

Astrologically, at least we expect February 08, to be a tipping point. What may happen in between?

On January 28, we are emerging out of a Sun-Jupiter trine. And Venus is emerging out of a trine with Ketu. But with Mercury in Moon and Moon in Mercury, Monday could be a slightly negative day. In fact with a Full Moon on January 27, 2013, we are on a Full Moon deviation period that is Moon is between Full Moon and First Quarter. And when Moon is in Cancer, historically we had always had a low which could be January 28. (Mind you, Iam not talking about a bottom, but a low).

We can buy a little confidently because traditionally the next Lunar top can be in Libra which is on February 04; 2013.It is also a Jupiter day- a direct Jupiter day.

So short on Monday morning, buy during the dying moments of January 28, 2013, hold it till January 31, closing hours. Short again on January 31, and cover on 04^th evening. Simultaneously buy and sell everything on February 08^th.

This is what Financial Astrology says. But let us be prudent shall we? Let us wait for the dame, Nifty to tell us what she intends to do? Let us follow the price movements first before deciding to trade.

Have a great week of trading! As a true blooded technician I have chosen to ignore the fundamental reality of RBI Interest rate effects and consequent market reactions.After all, we traders believe that the price reflects all other effects don`t we?