Biocon Update

Here are the long term views given in September 2014 and an update now.. Essentially there is no change. Biocon is in its 4 wave of 3rd wave still. It is about to bottom out..

Given below is January 2015 view...

Similarly for Daily movements..

September 2014 chart...

We see that the 4th wave is on expected lines.

Question is, Is the 4th of 3 over? When will the 5th of 3 start?

  Technically, if the stock makes a faster retracement to the last movement in the opposite direction, then we conclude that 4th is over.

Astrologically, we see another bottom approaching.Ketu, the common factor in all Biocon bottoms, is yet again getting connected to a slow moving planet, Pluto and is conjunct Uranus, within a week. So we may watch this stock for a retracement. 

Nifty Astro Technicals January 02 to 09, 2015

A very happy, wonderful and prosperous New Year to all my friends!
Let the markets oblige you in the way you dream them to oblige you and let your cash registers ring throughout the year!
I had taken a much needed break, with my family and took my mind off from work and trades, for a while.
Now Iam back, in time to welcome the New Year and let us see what the markets have in store for us..
After nine straight

months of uptrend, Nifty formed a large red candle in December 2014.

As the fork indicates, if Nifty closes below the lower handle in January, then we can be reasonably sure that this uptrend is coming to an end for some time to come.Investors should take note of this formation and if this happens, then it is time to get out of the market and into cash...

Reading both the charts together, we conclude that there is some more up move pending, but that could likely be weak and could culminate in a prolonged down move.

Coming to the dailies,here is the cycles chart.The last cycle has bottomed out on December 26th and the next cycle has begun.Momentum is always less when a cycle begins, and we are seeing that in the market.Also this time round both the 23 day as well as the 108 day had come together and the resultant vector addition of energies could be the reason for a big downfall from 8627.
The current cycle exhibits a fractal resemblance to a period in the past...The connections and the projection to a new low before January 22, needs to be keenly watched.

Looking at the angles,

 we can see that, in hourly chart, Nifty is hovering between 89 and 223 MA values. If Nifty breaks down below 8240, then it could fall till 8100 levels. If it crosses beyond 8339, then it could go upto 8500. My bet is in the former, that of Nifty breaking below 8240...It looks increasingly likely, that in the very short term, Nifty could form a bottom on the 22.5 degree upward sloping line.
Time wise, 203 hourly bars have been consumed since the 8627 top. Since the upmove from 7724 had taken 247 bars, we have another 44 bars left to equal the upmove, time wise.
This brings us the next chart, the hourly neo wave chart...
As shown below we are in b of b, after which we have another down wave which will be c of b.That should conclude wave b, after which the last wave, wave  c,   up should commence..This means wave c of b should start down move soon.

What do the stars say?

January 02:  Friday: 

Red phase begins.

Max declination on Jan 03. Mars in Capricorn opposes Jupiter retrograde in Cancer. Sun squares Uranus first and then conjuncts Pluto over the weekend.

January 05: Monday: Full Moon and Minimum Latitude. During this Full Moon, Sun squares Rahu and Ketu and so does Moon.

January 06 & 07: Pluto at extreme distance. Mars enters the mid-point between Pluto and Uranus. Pluto begins to square Rahu and Ketu.    

January 08: Uranus begins to conjunct Ketu and oppose Rahu.

January 09 Friday: Mercury and Venus begin their close conjunction.

 This will continue upto Jan 17th.

In the meantime, Mercury is losing its speed rapidly and getting ready for becoming retrograde on January 22, 2015.

Moon reaches its farthest point from the Earth.

Starting from January 02, till January 10^th, we are destined to go through some heavy afflictions. The sky is in ferment, no doubt. What is more important is that long term planets are getting into hard aspects to one another. Pluto, Uranus, Rahu, Ketu….

Astrologically, this period favours the bears. Be careful of your long positions. Since Mars is involved there could be sudden and rather heavy down moves.

Somehow I get the feeling that this longer term uptrend  is going to end very soon…When slow planets get into aspects, that is an ominous sign.  

So trade carefully with proper stop losses in place. 

Nifty Dec 23 A triangle in the making?

Nifty Dec 22, 2014

Today seems to be a turning point..Will Nifty reverse on Dec 23?
Then the next important date is Jan 01/02....

Bank Nifty Astro Chart

This is the astro chart of Bank Nifty.Favourable planets are marked in Green and unfavourable in red. 

This chart below shows the dasa positions of Bank Nifty during the various highs and lows in 2014.Dasa lord Venus, is also the Lagna star lord. He is favourably placed in the sixth. So even if Bank Nifty reacts to unfavorable aspects ( which are Universal and which is also why various markets in different geographic and time zones still seem to react in tandem), Bank Nifty is exhibiting relative strength compared to Nifty.

Nifty Astro Technicals Dec 22 to 26, 2014

Last week we did comment that any bounce if it happens, it could be the result of Sun trine Jupiter.Nifty and the world markets bounced from their lows, the reason this time was that Fed declared it would be "patient" with respect to interest rate increases.We had also expected 8300 or 8350 to be first level targets.
Sun and Jupiter were trine on December 15, 2014. By December 17, we saw Nifty bouncing from a bottom of 7961.This was the last aspect involving Jupiter. Hereafter Uranus aspects take over.
On December 22, Uranus turns direct.It continues to be in close square with Pluto.Meanwhile  Venus starts squaring with Uranus and conjunct Pluto. It will also start squaring Rahu and Ketu.
On December 23, we see Moon also joining the Rahu Venus Ketu trio. Also Rahu forms a trine with Mars.
On December 24 to 26, Mercury starts becoming conjunct with Pluto and square Rahu and Uranus.
On December 27, Moon joins with Uranus and becomes a powerful translator of Uranian energy.
On January 02, 2015, Mars begins to oppose Jupiter retro.
On January 04, 2015, Sun conjuncts Pluto and squares Uranus, Ketu  as well as Rahu.
This means we are in for a heavily energised period.

Since Uranus is involved we may expect sudden high movements upward and also reversals downward.Extreme care is required in the markets now.
We might see a reversal to form another bottom and then market rising into the New Year.

Dasa wise,

Venus moves out from 5th house to 6th house. She showed a positive upmove from 7961.Now since Sun also is in 5th house when the sub period starts and moves on to 6th house, we may expect another upmove to start by December 26th.

Technically,
we are in wave b of a of  b which had started from the low of 7961. 50% retracement level comes to 8292.This is a critical level. Nifty could turn down again from this level.another attempt at a bottom cannot be ruled out.Remember, we are in the corrective phase of the upmove from 7724 to 8627 and the near term  has not fully turned positive yet. Sustenance above 8292 is a must. Since the down move from 8627 has nearly come down by 80% we need to take this upmove only with caution.

Another factor is the momentum charts.Reverse divergence has been seen in the daily charts, but keep an eye on the weekly charts as well.

Despite all the hungama,it has still not bottomed out. This could be a crucial week from that angle. Once Weekly bottoms out, we can expect a sustained recovery or upmove.

Trade carefully.Year end is approaching. It had been a great year from an investment and trading perspective.Let us strive to complete this year on a very happy and positive note. 

December 18, Nifty Technicals

Overnight global cues look good, but the dollar has breached 89...so play it safely..Look to the overhead Fibo clusters..they may offer resistance. If they are taken out, we have a short term up move on our hands. Weekly is still down, so caution is advocated.
8175 8189 are important levels to watch.7904 is the floor, being 80% of the upmove from 7724.

tion advocated with longs.

Nifty Astro Outlook December 15 to 19, 2014

The week begins with Uranus and Pluto square for the sixth time, on December 15, 2014. We had observed how Jupiter becoming retrograde had robbed the markets of some bullishness.And this had precipitated a market top on December 04/05 itself, when Venus and Jupiter were in waxing trine to each other.Since aspects are basically energy transfers, this interaction and early arrivals are to be expected.We see  the same thing happening with cycles. If a cycle is due in 10 days, but if a bigger cycle is due immediately, the smaller cycle is forced to fall along with the larger cycle. Opposite is true if the larger cycle is due some ten days away and the smaller cycle is due now. Larger cycle tend to force the smaller cycle to expand and bottom out some where in between the 10 day period.
Another aspect, in fact the last of the Jupiterean aspects for a while, is Sun trine with Jupiter. Since both are in Mercury stars, the effect may not be very large.
This means the negative energy of Pluto square Uranus, retro Jupiter and after effects of Sun conjunct Mercury..should dominate this week. If any bounce happens it could be the Sun Jupiter trine in play, but I do not expect it to be very high..

8300 or 8350 should be a good first target.   But the medium term trend astro wise is down.
By the weekend, Venus squares Uranus and conjuncts Pluto. This is a powerful, impactful event which should manifest as an upmove in a falling market, but with a lag.Since, by December 23, Venus squares Rahu,   Moon squares Rahu and Mars trines Rahu, we may expect a good improvement in the period just after December 24. In other words, let us not carry shorts post Christmas !

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