Nifty Astro Technicals December 15 to 19, 2014

Let me begin by recalling the comments of last week....

"Astro wise we see the market is in a mature stage right now.Sun Mercury dance has now started spinning in the wrong way.Big rises normally caused by a Uranus Pluto square seems muted because of the Jupiter retro formation in between.The stars seem to advise caution to the bulls and have a hint of a smile for bears.Since Saturn is in Scorpio, the underlying tone of the market may continue to be bullish,but a correction may happen."
Well, it was timely wasn't it? From a high of 8546, Nifty nose dived to a low of 8216, before closing at 8224.What is more When Dow crashed from 17991 to 17281, when other world markets corrected hard and when Oil came down to $62.54,anxiety became panic driven...
So what do we expect next....
Let us start with the monthly charts of Nifty first...

 We are either in Wave F of the diametric which started from January 2008, or ABCDE correction had ended at 5119 and we are in an impulse upmove in which wave 3 is about to mature..If we consider wave F Is in progress, then wave F is a complex corrective involving two x waves in lower time frames. Currently we are in wave b of the 2nd-xabc formation. Accordingly after this wave b down, we will have one more wave c upwards, which will complete wave F in the monthly scale. Thereafter we should be seeing wave G downwards, which should consume the whole of  2015 and bring down Nifty to 7300 levels or even lower.
On the other hand if Nifty is in the 3rd wave and if it completes soon, then the 4th wave should be a complex corrective down which also comes down to the 7000+ levels.
After that Nifty may move up rapidly in 2016 and touch 10400-500 levels completing the trend cylce which began in 2008 October.It is possible that wave 4 or b wave of wave G assume bullish tones closer to the budget, appearing as if impulse push is on in the market. That will become clearer only closer to the budget..
So investors should offload their holdings in every rise, booking profits between now and the budget period.

   Just look at the monthly momentum charts..It is in a very high 95 levels. It is showing tendencies of a down move. Even a small move could shave off 1000 to 2000 points..So caution is what the chart is flashing...

Within the monthly, we move to weekly charts...
What do we see? 8180 was an important level of trend maturity.Now at 8224, Nifty is very close to 8180. If it sustains at this level and moves up, then we will be in another uptrend.On the other hand, if Nifty breaks this level now, then we shall see much lower levels starting from 7800 first.Parallel 45 degree levels may act as supports if such a thing happens.

Let us look at the momentum charts to understand better....Most of the understandings from here on apply for traders more rather than investors...The chart is self explanatory...

So immediately we may see some bounce in the Nifty...in the smaller time frames, but that may only flatter to deceive.
Let us go down even further,,,to daily cycles:Our observation of the previous week are reproduced, along with new observations in black.

Current 108 day cycle is a right translated cycle. Both the 108 day and the 23 day cycles are slated to bottom out in the December 24- 29 day period. This could also be a little advanced to December 19 or 22.So an important bottom should happen in the period mentioned above.The next cycle should start violently bullish, but may form a top closer to this bottom and start declining. In other words, the next cycle could be left translated.
What does this mean? 
Whatever bounce which happens is an opportunity to go short..When the cycle bottoms out, in December 22-29 period, then we will get an opportunity to go long as well..

Going one more degree lower, to 30 min, we see that 8175-80 level seems to be an important support level from angles points also. 

   
To conclude;Longer time frames are indicating caution. Weakness has started to creep into the market.Lower time frames are indicating some bounce is on the way.Use them by all means, for trading.but with tight stop losses.Right now the path of least resistance for the market, is down.Always keep this in mind when taking positions.
Astro discussions shall follow in another post.

Have a happy, yet safe trading! 
Of course, all of this is my view point. I shall not be responsible for any trades which anyone does based on these information.Please contact your investment advisor before committing to the market.All information in this blog is for educative purposes only.

Nifty 5 min Update, December 08, 2014

Sun Mercury dance beginning in the second half of the year.

During the last three months of the year, Mercury goes retro, then becomes direct, conjuncts the Sun goes past the Sun and again becomes retrograde. This of late has been happening in the region Virgo to Aquarius..Here is a small analysis to throw some light on the effect on Nifty because of this astro phenomenon.

So Sun-Mercury conjunction of this type where Mercury comes from behind and conjuncts Sun, we seem to see a market reaction. 

December 08, is one such conjunction....

Nifty Astro Technicals December 08 to 12, 2014

Let us start with the Astro formations first....

Astro wise we see the market is in a mature stage right now.Sun Mercury dance has now started spinning in the wrong way.Big rises normally caused by a Uranus Pluto square seems muted because of the Jupiter retro formation in between.The stars seem to advise caution to the bulls and have a hint of a smile for bears.Since Saturn is in Scorpio, the underlying tone of the market may continue to be bullish,but a correction may happen.

How about the cycles? Well, we have had another inversion happening and so a top somewhere between December 08 and 20 seems to be on the cards..However since the current cycle has formed a right translation so far, the next cycle post December 24 could also be bullish and take Nifty to new heights.

Looking at Neo waves, either wave a of 2nd xabc has been completed as of December 05 or there is a possibility of one  more small up leg pending. Any which way, we seem to be on the verge of a small term top.  

Nifty`s 5 min says that we just have to decide whether the final sub wave seen now is going to be wave g of a Diametric or wave e of a triangle. Again the upward move seems to be capped. 

If wave a is over, then we may see wave b down, from the 2nd x abc formation and finally wave c upwards. Since in any complex correction only 2 x waves are allowed, we may see a bigger top and a bigger correction in the first few months of 2015.

Cautious and profitable trading to all! 

Hi friends,
Thank you for the mails you all have sent asking to be included in the blog reading list. I shall do the needful. As mentioned earlier, this blog shall be public till December 09, 2014 and thereafter it would become closed.
I intend to continue with my articles on Astro and Technicals, only difference it shall be available only to a select few who are members of this blog.

Meantime, here is an update on Nifty hourly and 5 min.
Please refer the hourly chart posted on November 24, 2014, in the following link.
http://niftyastrotechnicals.blogspot.in/2014/11/nifty-astro-technicals-for-november-24.html

I have reproduced an update of the very same chart here...

On Nov 24 itself, we had expected a double top around 8600+. Nifty subsequently went up to 8613 before retreating.A similar up move of e leg coming closer to 8600 could happen, before wave a of 2nd abbc comes to an end.After that a faster retracement, breaking the b-d line at around 8500 could be the confirmation that wave b downward has commenced, in the 2nd-abc series.
Please see the 5 min chart for elaborate wave counts...

Astrologically, the next big event is Jupiter is turning retrograde on December 09, 2014.After that it is the Uranus Pluto square on December 15th, 2014.Both these events normally match and join hands in producing a top formation. So get ready to sell off expensive stocks and the index, next week onwards.

Dear Friends,
Please read the article in the link given below.
To be a research analyst and to publish articles for public consumption, I need to be registered with SEBI.
Till date my studies and opinions were offered to all and sundry, free of cost. I had never sent any unsolicited mails or smses.
My articles were my own and done after painstaking work.
Still I do not have any SEBI registration as of date. While Iam planning for it soon, Iam constrained to also inform you that I shall be modifying   this blog from an "open" one to a "closed" one, from December 09, 2014 onwards.
If you wish to be included in the reading list, please send me a mail to tekkiesuresh@gmail.com.The blog shall be open till December 09, 2014.

MUMBAI: To safeguard investors from misleading advice coming from unregulated entities, a new set of regulations for research analysts in capital markets would come into effect from Monday.December 01, 2014

Announcing these new regulations -- which would be a first in India -- Sebi said no person or entity would be allowed to act as research analyst or research entity without obtaining a certificate of registration from it under these regulations.

The .. 

Read more at:
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Nifty Astro Technicals Dec 01 to 05, 2014

Last week we suggested that the market is bullish and not to short anything. True to our expectations, Nifty went on to surpass 8600 before closing at 8588.
We also surmised that the Uranus Pluto square is inexorably pulling up prices and with this square very much in formation, there is no question of any correction. This despite several negative set ups from short term planets.
But now the short term planets are beginning to turn positive as well.
On November 26, Uranus trined Venus.
By December 01, This Venus will trine Ketu also.
And by December 05, Venus will trine Jupiter, which has slowed down considerably, in preparation to its yearly retrograde motion.On the same day, Sun will trine with Uranus, another powerful combination.
By December 09, Sun will conjunct with Mercury and Jupiter will turn retrograde.This will be the first indication that the trend is fast maturing.
And of course we have Pluto Uranus square on December 15th.
So the short term planets also join in the positivity..
Trend continues to be up and from December 08 onwards, we have reasons to be cautious about..

Nifty daily cycles also agree..Cycle on Nov 21, was an inversion. So the cycle at December 24 will most probably produce a bottom. Red cycle of 108 days has been hugely right translated. So we expect a top somewhere between December 15 and 24, most probably by December 19/20.Since the current cycle was so right oriented, we expect a shallow correction for about 4 to 5 days and then the next upmove should resume again.

We can see how Neo waves also agree.Currently we are in wave 3 of wave 5 of wave c which is the last leg of wave a of the 2nd x abc combination.So after this wave a of xabc ends, then b of xabc should open downwards.Cycle s2(po) has now commenced on the hourly charts.Since there are only 2 x waves allowed in a complex correction Wave F should end when the current, 2nd xabc ends. That should be in the first quarter of 2015. However, since the markets have run up so much,  we should be prepared for any aleration or deviation.

Meanwhile the last month of the year is just about to flower...Markets are cheerful..they may become exuberant at any moment!
So happy and safe trading.

Stock Ideas Canara Bank

Biocon updated November 26, 2014

Astro Technicals of Dow Jones

Dow Jones, one of the oldest of indices is a good barometer of the US Financial Markets and a strong fore runner for other financial markets of the world.
Here are some charts of Dow Jones...

On a monthly scale, Dow has been correcting since 2000.It is currently in the D leg of what looks to be a huge  diametric. If it is going to be a diametric, we may see three smaller legs, E down, F up and G down, before the pattern is completed.D leg is close to topping out and we could see a good down move in the form of E. But E may not be as severe as wave C.This may happen in the first or second quarter of 2015.

If we shift to a weekly basis,expand the chart and look at the developing wave D closely, we see that it a double diametric so far, connected by an x wave. Since it is perfectly channeling, this is not an impulse wave.Currently we are in wave g, which may top out around 18000. After that either wave E down could start or we may have another x-abc development inside the channel itself, before the top out occurs. Latter option seems to be more plausible as of now.At the time of this article, Dow is around 17800.
Here is an  angular chart...

18000 seems to be the immediate top resistance, after which the move could continue with ups and downs till 22000, sometime in 2016.