Astro Technicals May 17 2013

Please have a look at this blog post of January  06, 2013. We had discussed in detail the effect of Jupiter in Taurus and how the big positive planet will not allow a trend which he had commenced, to wither away, as long as he is in Taurus.
http://niftyastrotechnicals.blogspot.in/2013/01/astro-technicals-jupiter-and-taurusway.html

Well, Jupiter leaves Taurus  on May 29th.So the current bullish fervour should last till Jupiter moves into Gemini.Mind you there could be corrections on the way, but mostly the bull trend will be maintained, is what I feel.Also whenever Uranus and Pluto are square and if Jupiter is also entering Gemini, then a blow off is seen. The severity of decline which happens afterwards  depend on the long term planetary configurations afterwards. 
We have already moved into life time high spaces...Several world Indices are already there. We do not see a wholesome all encompassing euphoria--definitely mass participation is absent because of the difficult Uranus Pluto combination.
So we conclude that we are in a powerful bull phase right now.
What caused the current big leg up and how long will it last? Have a look at the astro charts below.

We see that when several planets transited sensitive 17* of the chart, and when long term planets were involved in a mid point formation, we saw the beginnings of a huge rise.
We again see the confluence of several planets in the degrees of 26* and the New Moon Lunation of June 08 looks important, enough to cause a break in the current rise.Will there be a powerful reversal? We need to research further.
That will also be the period when Nifty will be going through Venus Antara Rahu sookshma- which again is traditionally associated with reversals. I had dealt with elaborately with these Dasa aspects in previous posts.
What about other studies? What do they indicate?

This is a long term cycles chart. This monthly chart also tells us that we are close to a top formation. We shall guess later as to what type of targets can be assigned.
Long term cycles tend to distort a lot, because of the existence of other cycles.
Let us see another long term chart...

This long term weekly chart also shows that we have major resistances in the 6338 areas.6338 is only 168 points away.

In the daily cycles chart, the resistances we see are 6250, 6300 and 6350.

 We can see the 6250 resistance levels more clearly in this chart.

What does our Neo Wave analysis say?

Down move of May 13, took out 5 previous bull candles.The correction did not consume much time at all.So we assume that the a wave of B is still continuing.Currently we should then be c wave of a of B.

Wave B has retraced  119% of A.Strength of the move implies that it could go to 6354 even.This is also close to 6338, November 2010 top.
We may also consider the following alternative view, since B had further moved up surprisongly.

Here we consider the entire move from 4531, from December 2011 as a Diametric, bow tied.If so we are in the leg G, which should terminate around 6350.

Here is the 30 Minute chart for our understanding...

Present intra day stalling could be minute wave b.Next leg up may begin next week. Since prices have moved up so much volatility and two way movements cannot be ruled out.
Stop loss cannot be insisted more strongly.
We want each of the blog reader to be successful, safe and contented in trading.

Nifty 15 Min Chart May 14 2013

Astro Technicals for May 15, 2013

During the recent uptrend Nifty had taken support on the 25% line. It has now violated and has reached the 50% line.There is a good chance that Nifty may take support at 5870 to 5900 levels.

Astro Technicals for May 13 2013

USD INR flashes ominous signals....

USD looks to breach the 2-4 line, upwards. This is a strong bull signal for USD. If so the next pit stop is going to be 57.

That is not going to go well with the Equity markets.... 

Long Term Planetary Signatures May to September 2013

Starting from May 20, 2013 to September 2013, we have a series of important planetary configurations all involving slow moving planets, which are credited with setting long term effects in motion.

First of all we are in the middle of the significant Uranus Pluto 7 series signatures- the mid period has been shaded for better illustration.

As an answer to the excesses and rampant misuse of public funds by large Institutions and Banks, up to the first three signature   periods, Central Banks have chosen to print money by the truck loads and buoy up the market sentiments. The thinking is if you flood the market with enough liquidity  some of it will stick and bring back the growth which is badly needed.  

With  long term signatures the effects start manifesting in the middle periods. And from May 20, we will be into the middle period for Uranus Pluto signatures.By September 20, Pluto becomes direct in Pooradam star, ruled by Venus. Venus stands for currencies and Pluto is for massive debts.By the time a greatly fortified Saturn because of its exaltation and also because of the presence of Rahu nearby will be aspecting Pluto by its third aspect. Now secrets of big bankers and deceptions in the financial world will start becoming exposed.By December 17, Uranus also becomes direct and we should have a far clearer picture of the murky goings on in the financial spaces of the globe.

Jupiter entering Gemini generally is a trend changer. With Uranus square Pluto nearby, this portends changes in long term trends.

Saturn turning direct could be bullish for some markets like Nifty for instance. A grand trine involving Jupiter, Neptune and Saturn will spell much hope and optimism and spark the market to bigger highs.

However the month of August looks ominous with Jupiter getting involved with Uranus and Pluto.

By September 16, we have Rahu conjunct Saturn in Rahu star-quite a combination!  And it is happening in Nifty`s fourth house, the house of Nadir or low point.

Iam not suggesting anything here but just that there could be heavy volatility in the months ahead and it should be pretty interesting times for traders to make pots of money!

Just have to figure  out the trend directions well in time! 

Astro Technicals The wave picture for May 13 to 31 2013

On May 11, 2013, Nifty had fully retraced the fall from 6111.80 to 5477.20.While the fall had consumed 49 trading days, from January 29, 2013 to April 10, 2013, the retracement had been pretty quick- in just 20 days.

·       As per Neowave  if the correction from 6111.80 has to be a flat, then it has to form a 3-3-5 structure. Wave A down, from 6111.80 has exhibited a 3 wave down formation.

·       So by the same logic, what we are seeing in wave B so far, in the retracement from 5477 upwards is just wave a of B.

·       We do not yet know if wave a of B is completed. But the risk reward ratio is tilting towards shorts, after 20 days of up move. Traders also realise this, which is reflecting in the reduced volumes.

·       We still have to see wave b of B downwards and Wave c of B upwards.

·       And this has to take time to complete- approximately a minimum of 30 more trading days.

·       Any which way we look at the situation, we are seeing a Wave B which is going to be stronger than wave A.

·       If the completed wave B terminates between 6112 and 6262, then also the consequent wave C has a good chance to go down to 5477 levels in a 5 wave impulse down.

·       If the completed wave B exceeds 6336-6354, then wave C down, will not go beyond  5796. In that case we will be looking at an Irregular flat with C wave failure, which will be very bullish for the next development.

·       If wave B terminates at these levels itself, that is wave b of B retraces to 5750 levels and then again wave c of B comes up to 6111 and then falls off, we can see the resultant wave C going beyond 5477 in a 5 way down move.  

Our immediate requirement is to know when a of B will end? Astrologically we are still in the reversal time band- so let us wait and watch. Personally I prefer to wait for price to close below the little blue and red averages, before taking a short. It will be prudent for longs to book partial profit and trail the rest positions with a tight stop loss.

Happy and safe trading!

Astro Technicals for May 13 to 17 2013

Fuelled by Global buoyancy which manifested as FII buying, Nifty continued its climb towards a crest known only to her!
Our astro time band expected for a reversal is May 08 to 15, so next week is to be watched keenly.Since the weekly closing is in a strong mode, we simply continue to hold on to our trailing stop losses, watching for signs of a lower high- lower low formation and a break of 6046 on a closing basis.
Iam reproducing the chart with the lunar notations and dasa periods. We had, in the post,    http://niftyastrotechnicals.blogspot.in/2013/04/astro-technicals-dasa-formation-and.html

expected that Nifty may reverse in the Mars sookshma period, failing which it will happen in the Rahu sookshma period.Mars sookshma  is upto May 15 and Rahu sookshma then takes over till June 17th.
Since other aspro aspects are getting bunched up for effects between May 08 to 15, next week assumes added significance.

As per Gann and Fibo,Gann line violation could happen around 6046-if Nifty closes below it. All plausible retracement levels have been indicated here.

Here is a collection of steep rises in Nifty, in the past few years.All instances in the past were trend changers.
Happy and safe trading !

Flattered to deceive

Nifty has been playing hide and seek- always seeming to break down and then recovering in the last hours of trade.Again she has closed in the negative- not a violent closure but sort of dipping, wanting to take on more traders on board.
We are now in the astro time band for a reversal.
Will it be a reasonably good slide or will it be only intraday corrections?

Everything now depends on the follow through price action in Nifty.

Nifty Astro Technicals May 08, 2013

Nifty has so far retraced 95.5% of the fall from 6111.80 to 5477.20.The trendline connecting 6338.50 and 6111.80 is currently at 6088.66 and today Nifty made a high of 6083.50.Timewise this upward retracement has taken 33% of the time taken by wave A.
Technically what could happen from now on?

 Let us examine the daily charts from a medium term perspective.
A Flat Correction pattern exhibits a 3-3-5 pattern, where 3,3 and 5 are sub waves.
Wave A exhibits a 3 wave correction.
For Nifty to play out the current moves as a Flat, Wave B also must have 3 waves.
Currently we are in Wave a of Wave B. Assuming wave B is of 3 sub waves, we note that the very first wave a of B,has already retraced wave A by 95.5% that too in just 17 days, tells us that wave B has bright chances of going over 100% of wave A by the time wave c of wave B will be over.
As per Neowave rules,
1. Normal B  wave should retrace wave A by 81 to 100%.( Wave B has so far retraced Wave A by 95.5%). In other words, if Nifty reverses from here, then we can reasonably expect a normal B wave is unfolding.
2.In such cases, wave b of B should not retrace beyond 5719 ( 61.8%) and wave c of B will mostly be equal to wave a of B. ( the current upmove)
3. In such a scenario wave c of B is likely to retrace all of wave b of B, which means if wave b of B falls to the vicinity of 5719, then wave c of B will take it back to 6100 levels.If Nifty is forming a common Flat,then Wave c of B could also go up to 138.2% of wave b of C, which is around the region of 6245-6275.
4. Since wave B normally consumes more time  than wave A ( down move from 6111.80) and since it has consumed only 17 trading days,waves b of B and c of B may consume 32 more days to complete their Wave B formation.
So we wait for Nifty to give us clear signals regarding the direction. At present we trail our stops tighter and tighter.And wait for a reversal to book profits on the longs.