Astro Technicals June 06 2013

Last week we had commented about the extreme declinations / distances of Neptune, Mars and Venus for Jaune 04,05 and 06 and expected a change in trend.What had actually happened is that the extremities only slowed down the fall, allowing Nifty to undergo full time correction.

 As can be seen from the chart, Wave A of B had consumed 26 trading days, while wave B of B has so far consumed 13 trading days, that is achieving 50% time correction.50% price correction from 6229.45 comes to 5853 and Nifty has so far done 5869.So the current down trend seems maturing.
Astrologically our observation of Nifty behaviour in Rahu Sookshma and Jupiter Sookshma is that closer to the end of Rahu Sookshma, Nifty changes direction and moves up in Jupiter Sookshma before turning down decisively. This elusive upmove may materialise now.Lunar aspects are bunching up towards the weekend and that is one more indication of a reversal.
Let us constantly keep in mind that with Jupiter leaving Taurus, the long term trend is about to change fully for a while.
Having said this let us look at the technicals. If we only consider the price action, post 5477.20 low of
April 10, 2013, then we are in wave B.A leg of such a wave was completed at 6229.45.The current downtrend is wave B of the larger B.This leg has not even reached 50%. It can do a time or price correction of 61.8% at the least, to be a normal B wave.Price wise 61.8% comes to 5764 and time wise it is June 12/13.This time zone also  is to be carefully watched.
To conclude:
1.Currently we are in No Man's land.Since 50% time correction is over, we may expect a reversal. If so it should rise up to 6100, the bottom portion of the 45 degree line.
2. If   Nifty drifts lower or bounces along without any meaningful movement, then she is aiming for the 61.8% correction either price wise or time wise.
3.The C wave upwards which could follow, could move up to 6100+ levels.

Trading without stop losses in such an environment is suicidal.

In this hourly chart, Nifty can be seen hobnobbing with the 50% downline. If it overcomes, then the next is the 75% downline....

Here is an update of the circular chart.The current downtrend could die if the Index comes out of the arc. It is quite close to it. Any sudden fall may have support around the 5900 line first followed by 5800 line..

The circulars also seem to indicate the 5800 price line as important.

Nifty Long and Short Term

Gold June 2013

Gold is impulsing down. Immediate up moves

may be used to short again, with adequate stop losses.

Jupiter in Gemini

The Great Benefic, Jupiter has moved out of Taurus and into Gemini on May 31.He will remain in Gemini till June 18, 2014.He will travel direct for six months and become retrograde on November 07, 2013.He will be retrograde till March 06, 2014 and will resume direct motion on March 07, 2014.On June 18, 2014, he will leave Gemini for good.
As I had been reiterating in several posts long before this event, Jupiter had managed to maintain the uptrend till he moved out of Taurus.
How will his journey in Gemini be?
Unlike stable Taurus, Gemini is a changeable sign. It is Airy and is ruled by the dualistic Mercury.No stability of trend may be expected.Jupiter will be in Mars star till June 29,thereafter in Rahu star.Rahu will be in Jupiter star then which would lead to Parivathana. Since Jupiter and Rahu are also moving towards a trine we may see markets recovering in July 2013.Jupiter will be in Rahu star till August 31, 2013.After that Jupiter will be in its own star till the end of its tenure in Gemini. By November 07, Jupiter will become retrograde. From the third week of October we must be on guard for a major trend change.Jupiter becomes direct on March 07, 2014, which is another trend change movement.
All in all we should expect high volatility with a huge trading range to develop.  

 
Let us look at how Jupiter in Gemini had been in the past....

It should be a great time for traders with Jupiter in Gemini.

Astro Technicals for June 03 to 07 2013

On May 26th, this is what we had written...
"On May 27th, for Nifty futures,
Jupiter,Mercury and Venus are conjunct with Natal Sun and Venus.
Mars is conjunct with Natal Jupiter.
Sun trines Natal Neptune
Venus trines Natal Uranus.
Mars trines Natal Ketu.
Uranus trines Natal Pluto
Rahu trines Natal Mercury
Saturn alone squares Neptune
On May 29th, Mercury conjuncts with Natal Mars and trines Natal Moon.
On May 31, Venus also trines Natal Moon.
At least to me it looks that Nifty`s planets are mostly positive with some negativity only towards the weekend."
Nifty traced out the planetary diktats exactly as expected...
What is in store for the week ahead?

Jupiter has left Taurus for good..He has moved into Gemini. The uptrend which he was protecting since May 17, 2012, till May 31, 2012, now is unguarded and is food for bears. Going into details for the short term, Rahu Sookshma will end on June 11, 2013.On June 03, Rahu becomes direct instead of the customary retro motion. This could signify a reversal.This continues till June 06.On June 04, 05 and 06, three important planets are either a achieving distance or declinations.So a powerful reversal of the downtrend is on the cards.Early next week  between June 10 to 13, we have other lunar aspects crowding together such as New Moon, maximum declination, Apogee position,and minimum 
Latitude.So our expectation is an uptrend from June 03, sees a blip on June 06 and then climbs into a crowded Lunar situation between June 10 and 13.Incidentally, from June 11, we have Venus Antara Jupiter Sookshma..
How has Jupiter sookshma behaved in the past?

Let us see a few examples....

Every time we had seen the market rise one more time in Jupiter sookshma.Shall we expect the same once again now?  

Nifty interestingly poised May 30 2013

Astro Technicals May 30 2013

Nifty is likely tracing out a big irregular flat, with a strong B Wave.Wave A  of the down move from 6111.80  had ended on April 10 at 5477.20. Thereafter   we had begun wave B.  Wave A of the wave B had ended on May 20 at 6229.45.After that we are in wave b of B.This should end either today or tomorrow, possibly at 6054 or 6039. We should then see wave c of B upwards. This ought to top out around 6200 levels, possibly between June 08 to June 15, more likely towards the latter date.

If Nifty closes below 6038, then we assume a longer c of B is being traced out and then the support could be around 5925, on the 1x8 line as shown above.

Of course, we only follow Nifty, even though we crane our necks to try and fathom where in God's name she really is wanting to go! To prevent hurts, we resort to stop losses of course.

Nifty Hourly

Astro Technicals May 27 2013

Nifty seems to be good till 6200..provided 6020 is protected...

Nifty Long Term and Near Term As seen in May 2013

Movement beyond the long term cycle indicates the up move is nearly over. One last swing to absorb the distribution and then it is down hill..

b of B should commence now..