Wednesday, April 3, 2013
Astro Technicals April 02 2013
Nifty has started wave f upwards. Watch out for the weekend or next Monday, if you are long...
Sunday, March 31, 2013
Astro Technicals April 01 to 05 Wave counts
We have now two live possibilities.
1.Wave e ends on April 1 and wave f of a diametric starts for the week, upwards. From April 08, wave g downwards begins and ends in the middle of the month. That would conclude wave A and from the second half of the month,we begin the more complicated and time consuming wave B upwards.
2.Wave e ends down as an expanding triangle, with a fast down move on April 01 and from April 02, wave B begins.
So the action of Nifty on April 01, shall give us the clue.
The ending diagonal shown below,does not suggest an expanding triangle closure, but then there is nothing to stop Nifty from having one more down move to the down sloping trend line.
Nifty Weekly Fibo charts show Nifty taking support close to the 38.2 % line.Wave A could end somewhere close by and the wave B upwards could coincide with a blow off kind of move in the US Indices.
The chart shown below is a quarterly chart of Nifty.Nifty had moved below the 5 Q High EMA when it moved beneath 5865 on March 18, with a gap and it closed below the 5QHEMA at 5682.55, on March 28, 2013.Levels to watch out for the coming quarter are 5455 and 4976.These may happen post May 31, when Jupiter moves out of Taurus.
We hope to see a month with plenty of action. Volatility could be high. Stay with stop losses and stay with the trend. It is good to know the direction beforehand but it pays to follow what Nifty does on a day to day basis.
Wish you all a wonderful month of trading in April 2013.
1.Wave e ends on April 1 and wave f of a diametric starts for the week, upwards. From April 08, wave g downwards begins and ends in the middle of the month. That would conclude wave A and from the second half of the month,we begin the more complicated and time consuming wave B upwards.
2.Wave e ends down as an expanding triangle, with a fast down move on April 01 and from April 02, wave B begins.
So the action of Nifty on April 01, shall give us the clue.
The ending diagonal shown below,does not suggest an expanding triangle closure, but then there is nothing to stop Nifty from having one more down move to the down sloping trend line.
Nifty Weekly Fibo charts show Nifty taking support close to the 38.2 % line.Wave A could end somewhere close by and the wave B upwards could coincide with a blow off kind of move in the US Indices.
The chart shown below is a quarterly chart of Nifty.Nifty had moved below the 5 Q High EMA when it moved beneath 5865 on March 18, with a gap and it closed below the 5QHEMA at 5682.55, on March 28, 2013.Levels to watch out for the coming quarter are 5455 and 4976.These may happen post May 31, when Jupiter moves out of Taurus.
We hope to see a month with plenty of action. Volatility could be high. Stay with stop losses and stay with the trend. It is good to know the direction beforehand but it pays to follow what Nifty does on a day to day basis.
Wish you all a wonderful month of trading in April 2013.
Astro Technicals for the week April 01 to 05 2013
This April the world gets into an action mode. Come April 14, the day when the Sun moves into Aries, the action zone, it will have two more companions in Mars and Venus alongside.All the three of them will oppose Saturn first and then Rahu in Libra by the month end.Increased volatility and sudden developments are to be expected.Sun is into its exaltation and so Government initiatives to resolve economic difficulties may be seen, but there may be powerful opposition from the masses for any taxation or austerity measures.
With Sun, Mars and Venus all in Ashwini from April 14th, the Indian New Year should start on a bullish note. We may have to watch out from April 22 onwards, when fist of the trio, Venus opposes Saturn....
Let us begin from the beginning....
We start with the Moon charts:
The little blue circles are turning dates for the market.The small red squares are dates of extreme declination of one of the planets. April 1 is Venus, 13 is Pluto and on 28, mighty Saturn goes into extreme declination.
From a trading perspective, April 01, may see a low formation. Markets may open higher and then fall back.Since April 01 is a turn date, if technicals agree, we may go long. If Nifty moves up, keep moving the stop loss upwards till March 05 or 08.Once we are stopped out on April 05 or 08,then simply go short.
Again if Nifty falls keep dropping the stop loss as well till Nifty stops and reverses. Possibilities for SAR increase from April 13 th onwards.In other words, from April 14 we must be long in the market, with stop losses of course.
Let us look at the astro charts :
So the Astro charts seem to agree with the lunar charts.
How were the Sun Venus and Mars Venus conjunctions of the past?
Sun Venus conjunction happened on March 28, around 15.30 pm. We all saw what happened to Nifty in the closing hours on Thursday. Since these are fast moving planets what we see are short term reversals.
Let us also look at Mars Venus conjunction, which is slated to take place on April 06, 2013. ( April 06 is a Saturday, so effects are to be seen on April 05 and April 08, 2013.)
We see the trend taking a dip and then continuing. So we expect the week April 08 to 12 to be a reaction week and then the up trend which seems to be ready to begin from April 02, to continue from April 15 onwards.
How does all this look from a technical perspective?
See the next post.
With Sun, Mars and Venus all in Ashwini from April 14th, the Indian New Year should start on a bullish note. We may have to watch out from April 22 onwards, when fist of the trio, Venus opposes Saturn....
Let us begin from the beginning....
We start with the Moon charts:
From a trading perspective, April 01, may see a low formation. Markets may open higher and then fall back.Since April 01 is a turn date, if technicals agree, we may go long. If Nifty moves up, keep moving the stop loss upwards till March 05 or 08.Once we are stopped out on April 05 or 08,then simply go short.
Again if Nifty falls keep dropping the stop loss as well till Nifty stops and reverses. Possibilities for SAR increase from April 13 th onwards.In other words, from April 14 we must be long in the market, with stop losses of course.
Let us look at the astro charts :
How were the Sun Venus and Mars Venus conjunctions of the past?
Sun Venus conjunction happened on March 28, around 15.30 pm. We all saw what happened to Nifty in the closing hours on Thursday. Since these are fast moving planets what we see are short term reversals.
Let us also look at Mars Venus conjunction, which is slated to take place on April 06, 2013. ( April 06 is a Saturday, so effects are to be seen on April 05 and April 08, 2013.)
We see the trend taking a dip and then continuing. So we expect the week April 08 to 12 to be a reaction week and then the up trend which seems to be ready to begin from April 02, to continue from April 15 onwards.
How does all this look from a technical perspective?
See the next post.
Wednesday, March 27, 2013
Astro Technicals March 26 2013
Sun proved positive whereas Venus was negative for Nifty.There seemed a small pause in the down move but make no mistake, we are still in the down tend. This is expected to change in the first week of April, 2013, when the tight planetary aspects give way.
Wave wise, it appears that the complex correction continues to move down the channel in a falling wedge.May be there is one more down move on the cards before we finally put down the alphabet e.( for e wave).Whether we will have two more legs ( smaller than e) - f upwards and g downwards or we begin Wave B upwards, remains to be seen.
It is fascinating to observe S&P operate a wedge of the diametrically opposite type as seen in Nifty. We see a rising wedge in S&P....
Meanwhile, a wonderful Holi for one and all...Let the hair be let down and let the Universe dissolve in riotous colours...which will permanently remove all drabness and dreariness from our lives!
Wave wise, it appears that the complex correction continues to move down the channel in a falling wedge.May be there is one more down move on the cards before we finally put down the alphabet e.( for e wave).Whether we will have two more legs ( smaller than e) - f upwards and g downwards or we begin Wave B upwards, remains to be seen.
It is fascinating to observe S&P operate a wedge of the diametrically opposite type as seen in Nifty. We see a rising wedge in S&P....
Meanwhile, a wonderful Holi for one and all...Let the hair be let down and let the Universe dissolve in riotous colours...which will permanently remove all drabness and dreariness from our lives!
Monday, March 25, 2013
Astro Technicals March 25 2013
Nifty bounced, but not high enough.So the wedge continues to form and define Nifty for the moment.I expect another jump in the same fashion tomorrow..Time has the answer.
As mentioned earlier, it is a time for cautious trading. Several energies are at cross purposes.
Sunday, March 24, 2013
Astro View for the Week March 25 to 29 2013
The skies look pretty interesting this week. Several planets are getting involved with one another. When fast moving planets connect with existing aspect between two slow moving planets, aspect effects of larger planets start manifesting sooner.
The theme of recent by gone days was suddenness.
Cyprus suddenly entered our consciousness. DMK debacle was also a sudden development.This is because Uranus is involved with Mars, Venus and Sun, all in Pisces.Pisces as a sign is indecisive.So that could well be the theme the coming week. Since Pluto is involved the underlying issue is always going to be debt or threat to established power. With Saturn also aspecting Pluto this could be the beginning of change for may corporations and even Governments.
Astro charts with comments for some of the upcoming days is given below:
Since there are several elements at cross purposes, wanting to influence the market, it is imperative that the price movement is watched and steps taken after Nifty moves in the direction expected. Also it is pretty dangerous especially now to not use stop losses.
Have a great week of trading!
The theme of recent by gone days was suddenness.
Cyprus suddenly entered our consciousness. DMK debacle was also a sudden development.This is because Uranus is involved with Mars, Venus and Sun, all in Pisces.Pisces as a sign is indecisive.So that could well be the theme the coming week. Since Pluto is involved the underlying issue is always going to be debt or threat to established power. With Saturn also aspecting Pluto this could be the beginning of change for may corporations and even Governments.
Astro charts with comments for some of the upcoming days is given below:
Have a great week of trading!
Saturday, March 23, 2013
Astro Technicals for March 25 2013
It was a clear week of down trend in the Nifty.
Count wise, one more x formation is on the cards. Technically there can be one more.Iam hesitant to put a bottom yet because the Astro indicators are not yet positive.After the bounce up there may be one more down move. We will see this in detail in a later post.
Possibly we are nearing the end of the present down move.
5815 is just an upper limit. Expect Nifty to turn down sooner also.Bounce could last for 2 days.That should also account for short covering.
Still it is better to wait for a direction from Nifty. Whatever I had mentioned above are simply directional expectations. If Nifty moves as indicated then for short term we can go long, with strict stop loss of course.If the stop loss triggers, then the above analysis simply did not hold water and in that case, reverse your position and go short.
This is the best way to use all analysis. If we remove trading in anticipation, we are sure to make money.
Happy week end!
Possibly we are nearing the end of the present down move.
Still it is better to wait for a direction from Nifty. Whatever I had mentioned above are simply directional expectations. If Nifty moves as indicated then for short term we can go long, with strict stop loss of course.If the stop loss triggers, then the above analysis simply did not hold water and in that case, reverse your position and go short.
This is the best way to use all analysis. If we remove trading in anticipation, we are sure to make money.
Happy week end!
Friday, March 22, 2013
Subscribe to:
Posts (Atom)