Nifty -Some more technicals March 18 onwards

The retracement from 5663.60 to 5971.20 was of the order of 68.63%. Overhead Gann Resistance now lies at 5966 and the Gann support now lies at 5791, both for the   forthcoming week.

As per Western Astrology calculations Sun enters Aries on March 20, 2013. We already have Uranus and Mars there. Sun will add to the energy and things ought to become even more volatile for now.

Make a note of this Full Moon on March 27 th and the circled date of April 01, 2013.

We will see why, a little later.

Let us have a look at some pitch forks. I have considered this from the lows of December 2012. Nifty has now violated the 161.8% extension of the blue pitchfork. So we conclude the trend is clearly down. I have also marked two long term Gann lines in black. The resistance for the month is at 6059 and the support is at 5674. If this is broken down then Nifty could swiftly move down to 5426.

In our post captioned as , 
Astro Technicals March 11 to 15 2013, this is what we had expected....

".....Nifty may improve from March 06 onwards and possibly accelerate from March 09 

onwards.

Nifty did precisely that. The acceleration took quite a few people by surprise. However we 

still feel it is not an impulse movement but a corrective one.The current up move could either 

be Wave B or Wave d of Wave A itself, where in the latter stage we assume Nifty is in a 

diametric down move.

If we consider the Fibo retracement, then a 76.8 to 80% retracement should mean that Nifty 

may cross 6000 once again,comfortably this week. 

What does Astro indicate as a possible top formation time?

It looks like reversals are likely only during the week March 18 to 22.Lunar indicators are 

gathering once again from March 18 onwards. Mercury is becoming direct.

A curious thing is that in the New Moon chart for March 12, 2013, the luminaries Sun and 

Moon are square the natal Sun and Venus at New Moon moment.Iam not clear whether this 

means a sudden drop sometime this week followed by a recovery. It should be interesting to 

watch.Even if there is any dip my bias would be to buy the dips..." 



Nifty improved from 5th to 11th, where 11th was a turning day.Just as we suspected, around 

the New Moon day, Nifty reversed powerfully and fell from 5971 to 5791 between 11th and 

14th intraday,before reversing again to form a high of 5945 on March 15th before closing 

lower at 5872. For the week, it formed a higher high and a higher low but closed 73 points 

lower than the last week.

Quite bizarre and in keeping with Sun -Moon squaring Natal Sun and Venus.


Let us look at the week beginning March 18 and ending March 22, 2013:

First quarter Moon is on March 19th.Moon Apogee and Maximum declination also is on 
March 19th. Sincethere are no planetary signatures are import this week ( we have quite a few next week) we assume that the Lunar effects will drive the market.

So March 18 and 19 could see the down trend continuing and March 20 could be a positive 
day. March 21 again could be a negative day with prices recovering on March 22

This is at best an informed assumption.So please follow the price.
Technical picture is as follows:

 
After achieving equality with b, the current d wave has gone into a triangular huddle.Last two legs of the triangle may be shorter with reduced volatility, but once the triangle breaks the move could be swift. 
With Mercury becoming direct we think the down trend could resume in a gentler fashion.

Astro Technicals March 11 to 15 2013

In the post for March 04 to 08, this was our observation:

We have a Minimum declination occurring on March 05. Moon Perigee on March 06. We have a Moon Perigee on March 06. Mercury reaches extreme declination on March 07.Maximum Latitude on March 09.

Nifty may improve from March 06 onwards and possibly accelerate from March 09 onwards.

Nifty did precisely that. The acceleration took quite a few people by surprise. However we still feel it is not an impulse movement but a corrective one.The current up move could either be Wave B or Wave d of Wave A itself, where in the latter stage we assume Nifty is in a diametric down move.

If we consider the Fibo retracement, then a 76.8 to 80% retracement should mean that Nifty may cross 6000 once again,comfortably this week. 

What does Astro indicate as a possible top formation time?

It looks like reversals are likely only during the week March 18 to 22.Lunar indicators are gathering once again from March 18 onwards. Mercury is becoming direct.

A curious thing is that in the New Moon chart for March 12, 2013, the luminaries Sun and Moon are square the natal Sun and Venus at New Moon moment.Iam not clear whether this means a sudden drop sometime this week followed by a recovery. It should be interesting to watch.Even if there is any dip my bias would be to buy the dips. 

Mean while the S&P is interestingly poised...It is entering the blow off part of an expanding triangle....

   
Have a great week of trading!

Nifty Astro Technicals March 05 2013

Here are the preferred wave counts. Looks like the corrective Wave B has begun.More confirmation will be forth coming when Nifty crosses 5853 on the upside.

Effects of Mars entering Pisces

From the beginning of this year, 2013, we were seeing one phenomenon after other having an effect on the markets. First it was Jupiter turning direct, then Saturn retrograde, Mercury retrograde and now let us look at Mars entering Pisces.

What do we see? We see an up trend, topping out during the middle of the movement of Mars in Pisces...

Here are more examples..Always a rise followed by a reaction...

In 2011, again we saw a big rise, followed by a distribution.
Today on March 05, 2013, we saw the beginning of a big rise. If history is any guide to be taken cognisant of, then we should see the present bounce continue upwards considerably before turning back.

How much more could the bounce go?

It looks like 5853 is the first important resistance followed by 5899...

Trade safely.

Effects of Mercury Retrograde

So when will the reversal start?

Nifty Technicals

If RSI turns down again below 50 then the weakness could exacerbate.
Volatility has increased substantially. Trade carefully, please.

Astro Technicals for March 04 to 08 2013

It was fascinating to observe two Indices move in diametrically opposite directions last week.Dow Jones closed at 14089.66, a mere 109 points from it All Time High of 14198.10 made during the last week of October 2007.
Nifty, on the other hand, in the past two weeks had fallen from a high of 5971 to a low of 5671.90, before closing the week at 5719.
It was also interesting to note that natal Mars was closely aspected by transiting Mars in the chart of New York Stock Exchange, on February 28 2013.Transiting Rahu and Ketu are also square to the Ascendant.Maybe the Dow is also due for a correction.

Closer to home, let us look at the Astro picture for our Nifty...

Moon in Scorpio- generally for third quarter Moon deviation, Moon tends to represent a High.

Transiting Rahu- Ketu axis is squaring Natal Uranus

Transiting Saturn is squaring Natal Ascendant

Venus is about to square Jupiter

Sun is conjunct with retrograde Mercury

We are not out of the woods yet. So any high seen in the next two three days may tend to be sold into.

By March 07, Saturn will form a sextile with Pluto. Both Conjunct Mercury and Venus will form a trine with Saturn. So Nifty may bottom out on March 06 and then start reversing upwards.

We have a Minimum declination occurring on March 05^th. Moon Perigee on March 06^th. We have a Moon Perigee on March 06^th. Mercury reaches extreme declination on March 07^th.Maximum Latitude on March 09^th.

Nifty may improve from March 06^th onwards and possibly accelerate from March 09^th onwards.

Astro Technicals -March 01, 2013

It was Budget blues for Nifty.It cracked to form 5600+ levels. The expected first level bottom of 5548 is now not very far away.

Here are some interesting charts....

Astro Technicals for Feb 28 2013

Nifty experiences a bounce. Let us see if Fibos hold.Venus conjuncts the "dreamer" Neptune accounting for short term bullishness.