Astro Technicals for February 18 to 22, 2013

Indian stock markets have entered a pronounced down trend last week.Third Quarter results are nearly over. Several companies had given less than desired results, perhaps expected due to the worsening macro economic situation.The next important cue for the markets are of course the Annual Indian Budget and of course cues from around the world. Since we are focused in Astro and technical analysis only, let us see what we could glean from our charts.
First we look at the technical picture followed by Astro charts.
Here is the broader picture with wave counts....

So as per Neo Wave Analysis Nifty should weaken by another 300+ points before the first target of 5548 is reached.Target date March 04, 2013.It is fascinating to see whether this projection will come to pass.

  This True Strength Index is of the same period as Nifty Daily above.As can be seen  it has begun to enter the over sold zone. However in the past it had shown tendencies of moving up to zero line and then retreating whenever Nifty gives a bounce.
 Markets rarely go up or down vertically and these interim movements can be profitably traded if we are vigilant.
Let us look at a Pitch fork chart...

It can be seen that the zone 5815 to 5845 is an important support zone.Since Nifty is oversold may be a bounce may happen at these levels..

Twiggs Money flow is exhibiting a small positive divergence which needs a confirmation from the price.Profit taking in the form of short covering could emerge which may account for the bounce.

If we take a Fibo analysis from the beginning of wave 5, around December 20, 2012, and look at the retracement picture, we see Nifty moving down to the 50% point at around 5829.The red Fibos represent a reverse bounce in the direction of the long term trend and we see 6000 emerging as an important resistance point. 6000 or thereabouts are also close to the median line of  Bollinger Bands. BB has widened in its extremity and so probably soon we will see a bounce into the centre of the  Band.
Now February 26th seems to be an important date..Why? Because of some Astro reasons...

Let us see the Astros now....

February 26th is an Aquarian Full Moon.Moon moves between the First Quarter and the Full Moon between February 18 to 22, in the signs of Taurus, Gemini and Leo. The whole of Cancer gets nullified by Saturday and Sunday next.Full Moon occurs when Moon is in Leo.
On February 18, 2013, which is the First Quarter day, Saturn turns retrograde.This is an important signature during which we have seen reversals in the past. A detailed analysis was posted two weeks ago, which may be seen in the archives.
On February 19th, Moon reaches Minimum declination and also sees Moon at the maximum distance from the Earth.
So we expect a low to be formed on Feb 19 or 20 and then Nifty should move up some what.

As can be seen in the chart below, every time we have a Sun Neptune conjunction, a reversal in on the dot or close by on either side of the conjunction date.Venus also enters Aquarius and trines the natal Jupiter and Saturn.

Our reading is that after a base formation or low formation for the first two or three  days of the week, we may see a moderate up move towards February 26.

Since Sun and Moon square Jupiter  on the New Moon day of February 26, down trend could resume post February 26th.  

Here is an interesting aside. When was the last time that Saturn was in Libra and simultaneously Jupiter was in Taurus? It was 60 years before, in the 1950s! 1954 to be precise. 

Since we did not have Nifty or Sensex then, I did a little snooping around for a Dow Jones chart.Here it is! So Iam a little more convinced that the long term up move may continue till May 2013, terminals not withstanding.

Markets have however entered a treacherous zone. It is highly hazardous to our Financial Health to venture out to swim in the markets without life jackets. These jackets are also called as Stop losses.

Happy trading! 

Nifty AT Feb 14, 2013

Let us have a look at State Bank of India`s charts. It is about to announce its Third Quarter Results tomorrow, on February 14, 2013.
We look at the long term monthly charts first.We see it is in a down trend .he question is whether B is over and C has begun? If so we are looking at a support level of 1870 to 1900.

SBI Monthly February 2013

We also note that the RSI has turned down from middle of the chart.This normally portends a decline.

Weekly MACD also has turned down signalling an imminent down trend...

On the daily chart, BX Trend line seems to have been violated.61.8% Fibo level is around 1950.

What does Astro say?

On February 14, 2013, both the transit Ascendant and the Moon are in the 12th house.Not a nice place to be. SBI is undergoing Mercury Dasa Jupiter Bhukthi. Jupiter and Mercury are in inauspicious 90 degree formations both in Natal and Transit charts. 
It looks like there is some more pain in SBI for the time being.

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.