This blog will not be updated for some time because of a special professional assignment I have undertaken. I shall let all readers know when I am back in circulation.
Meanwhile happy and safe trading!
Tekkie Suresh
Friday, May 24, 2013
Nifty Astro Technicals May 24 2013
This blog will not be updated for some time because of a special professional assignment I have undertaken. I shall let all readers know when I am back in circulation.
Meanwhile happy and safe trading!
Tekkie Suresh
Thursday, May 23, 2013
Astro Technicals May 22 2013
In our previous astro post we had mentioned about consolidation happening till May 27- that is what we seem to witness now.
On a weekly scale the uptrend contiues ....
In the 2 minute chart, we see a breakdown from a trading range and a double bottom around 6075 area. In the final 30 minutes, prices have recovered close to 6094 ranges.6083 represented the 61.8% retracement area for the drop from 6229.
The first down cycle has been convincingly been penetrated on the upside. So the next larger cycle seems to indicate that after this correction Nifty should move beyond 6240 in the next uptrend....Awaiting confirmation from Market.
The current B leg has already consumed 26 days and has retraced Wave A by 152.29% And it still seems to have legs for one more up move.In such a case Wave C when it commences may not retrrace the currently forming B wave beyond 61.8 %.
If we look at the alternative count and consider this to be the diametric Wave D, then the current upmove is wave g. In such a scenario, wave g will be completely retraced down to 5477 levels.
Moreover then we could consider the rise from 4531 from December 2011, to be complete only when the current upmove tops out.Mind you, in such a case, wave D would have consumed 18 months of uptrend.
On a weekly scale the uptrend contiues ....
Tuesday, May 21, 2013
Monday, May 20, 2013
Sunday, May 19, 2013
Astro Technicals for May 20 to 24- The astro part
There are several interesting astro aspects in the balance portion of May 2013 and from June onwards.I had detailed out a chart explaining the various long term formation in store for us for the rest of 2013. One of the most important of them- Uranus square Pluto is on May 20, 2013.Long term formations do not give effect on the day of their exact signature -they will always have an orb of influence.They need one more planet, a slow moving one to connect among themselves.
So
on June 08, Mercury will be square Uranus and opposite Pluto:
Between June 11 to 13, Venus will be opposite Pluto and square Uranus.
June 08 to 13 may be watched for a reversal.One thing to be noted is that Uranus is a planet of unpredictability.Gemini is a dual sign. Mercury its lord, who is also in Gemini is known for its dualistic approach.So any reversal or fall in prices may be quickly offset- or the fall could be deeper than expected. In other words let us expect the unexpected.
We see that from May 15th, Nifty has entered its Venus Bhukti Venus Antara and Rahu sookshma. We have seen earlier that in market conditions where there wasn't any meaningful correction in Sun and Mars sookshma, Rahu brings about the needed correction..
Another interesting astro aspect is the joint celestial movements of Sun and Mars...
See this....
Within 3 days of Sun and Mars coming together, an intermediate top was formed and Nifty began a decline. 3 days before they become conjunct, Nifty begins a powerful ascent which is still continuing.
Sun and Mars will be separated beyond 10 degrees on May 31,-what is going to happen then?
Let us look at the past for a guideline...
Nine days after separating beyond 10 degrees, Nifty had fallen 500 points within 18 trading days..
In our present situation, 9 trading days comes to June 13.So will there be a top by June 13?
We had seen that Uranus Pluto combination points out to a top between June 08 and 13, 2013.
Are there other astro evidences?
Let us look at a magnified Venus Antara Rahu Sookshma period...
In the post,
http://niftyastrotechnicals.blogspot.in/2013/04/astro-technicals-dasa-formation-and.html
we saw that Venus Antara Rahu Sookshma tends to produce reversals from crests depending on other astrological aspects present.I have given a little more detailed picture on what is happening to Rahu during this time and how are the lunar factors shaping up..
We know Rahu and Ketu move in a retrograde fashion. So after Venus sub what should come is not Sun Sub, but for retro movement we should have Ketu, Mercury, Saturn and Jupiter.On May 17,Rahu is direct and behaves like other direct moving planets.Till May 24, it moves direct. Then becomes retro. This retro to direct to retro movement sometimes causes short term reversals in the market.Effects of Perigee and minimum declination of the Moon happens on May 27. So maybe we see a consolidation or slight decline till May 27 and then the up-trend resumes again. Latitude and Mercury declination may add more steam till June 03. Then again it looks like consolidation..By June 10, 2013, Rahu enters Ketu Sub and that could be a top formation time? Especially since Ketu is in the midpoint of Uranus and Sun? Two hot guys?
Interesting times astrologically, like I said in the beginning.
For us traders, just hold on to the moving averages and start hedging as the market climbs higher. With so much of up trend already complete risk favours not to be indiscriminately long.
Some of the other indices are not showing as much enthusiasm as the Nifty. Any rally where the broader market does not participate as much, must be treated with caution.
Have a nice week of trading! Astro tutorials will be taken up next week.
So
on June 08, Mercury will be square Uranus and opposite Pluto:
Between June 11 to 13, Venus will be opposite Pluto and square Uranus.
June 08 to 13 may be watched for a reversal.One thing to be noted is that Uranus is a planet of unpredictability.Gemini is a dual sign. Mercury its lord, who is also in Gemini is known for its dualistic approach.So any reversal or fall in prices may be quickly offset- or the fall could be deeper than expected. In other words let us expect the unexpected.
Another interesting astro aspect is the joint celestial movements of Sun and Mars...
See this....
Within 3 days of Sun and Mars coming together, an intermediate top was formed and Nifty began a decline. 3 days before they become conjunct, Nifty begins a powerful ascent which is still continuing.
Sun and Mars will be separated beyond 10 degrees on May 31,-what is going to happen then?
Let us look at the past for a guideline...
Nine days after separating beyond 10 degrees, Nifty had fallen 500 points within 18 trading days..
In our present situation, 9 trading days comes to June 13.So will there be a top by June 13?
We had seen that Uranus Pluto combination points out to a top between June 08 and 13, 2013.
Are there other astro evidences?
Let us look at a magnified Venus Antara Rahu Sookshma period...
In the post,
http://niftyastrotechnicals.blogspot.in/2013/04/astro-technicals-dasa-formation-and.html
we saw that Venus Antara Rahu Sookshma tends to produce reversals from crests depending on other astrological aspects present.I have given a little more detailed picture on what is happening to Rahu during this time and how are the lunar factors shaping up..
We know Rahu and Ketu move in a retrograde fashion. So after Venus sub what should come is not Sun Sub, but for retro movement we should have Ketu, Mercury, Saturn and Jupiter.On May 17,Rahu is direct and behaves like other direct moving planets.Till May 24, it moves direct. Then becomes retro. This retro to direct to retro movement sometimes causes short term reversals in the market.Effects of Perigee and minimum declination of the Moon happens on May 27. So maybe we see a consolidation or slight decline till May 27 and then the up-trend resumes again. Latitude and Mercury declination may add more steam till June 03. Then again it looks like consolidation..By June 10, 2013, Rahu enters Ketu Sub and that could be a top formation time? Especially since Ketu is in the midpoint of Uranus and Sun? Two hot guys?
Interesting times astrologically, like I said in the beginning.
For us traders, just hold on to the moving averages and start hedging as the market climbs higher. With so much of up trend already complete risk favours not to be indiscriminately long.
Some of the other indices are not showing as much enthusiasm as the Nifty. Any rally where the broader market does not participate as much, must be treated with caution.
Have a nice week of trading! Astro tutorials will be taken up next week.
Friday, May 17, 2013
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.
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 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...
In the daily cycles chart, the resistances we see are 6250, 6300 and 6350.
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.
Wednesday, May 15, 2013
Tuesday, 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.
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