Wednesday, February 11, 2015
Ashok Leyland a technical view ( February 10, 2015)
After the 4th wave, which may last a few months, (fewer than wave 2 because wave 2 was complex and so wave 4 could be simple) Ashok Leyland could be bought for the medium term and ride wave 5 upwards into 2016. If Ashok Leyland is available between Rs 45-50 after the budget correction, it may be a good medium term buy.
Sunday, February 8, 2015
Havells India Astro Technicals
Havells has an interesting stock market chart. Lagna is Taurus and Yogakaraka Saturn is in the Lagna! ( He also has a dualistic 12th house role).lagna lord Venus is in the 11th and is exalted. Fifth lord Sun, is also in the 11th, with Venus.So the stock has great performance potential.Jupiter and Ketu are troublesome, since they represent 8 and 12 houses. Since Mars owns 7th house,it implies neutrality.
Currently Havells is going through Rahu dasa, Saturn anthara and Mars sub period.
Rahu is in Moon star in the 5th.Saturn is in 7th and Mars is in Jupiter star which is a malefic.
After the present down trend which is a correction, Havells can be accumulated
Long term wave counts suggest that Havells has made a top.Correction has started currently.
Daily chart shows the wave counts broken down ...we seem to be in wave c of a, in the downtrend.
Aurobindo Pharma update
Let us wait for one more bear candle in monthly to confirm long term counts.
Biocon Update Feb 06 2015
Biocon looks to bottom out in the 390 to 400 range. Wave 5 of 3 should begin soon. Expected target is 550 levels.Those levels should see the culmination of wave 3.
Nifty Astro Technicals Feb 06 to 13, 2015
This was our observation last week, ( February 01, 2015):
"Looking at astro formations, we begin the week with Aquarius
rising and Moon in Gemini, in the 5th.
Jupiter retro is in the 6th, Venus and Sun are in the
12th.After a weak start markets may bounce back, especially till the Full Moon.
Full Moon on 4th February, triggers the Uranus Mars midpoint
and gives an effect which is as if Mars is in conjunction to Uranus. Already
Uranus and Ketu are inflamed. Since they are in Mercury star, they have been
giving sudden, surprising moves in all markets, especially in the currency market.
With this translation, Mars also adds its aggression to the equation. Since
Pisces represents religious beliefs through Jupiter, terrorism could also
escalate, till Jupiter trines with these planets. More volatility and
divergences are expected in financial markets.
So the Full Moon may
provide fresh triggers to continue the
downtrend.
The uptrend which began on January 15th, did not change
track on January 22, when Mercury became retrograde, but went on right upto
January 30, 2015. We have often seen that if a market does not change direction
when Mercury goes retrograde, often does so during the mid-period of Mercury
retrograde.
February 02, 2015 is the tradable Mercury retro mid period
day. And February 11, happens to be the
date when Mercury becomes direct.
Nifty started a down move on January 30, one trading day
before Mercury retro mid period day of February 02.
So, will this down trend continue till Mercury
becomes direct? That is, till February 11, 2015?
By the weekend, another important aspect will come into
play. Capricorn Sun will oppose Cancerian, retro Jupiter. Given its customary orb, we may see a reversal in the period February
11 to 16, 2015.
So the question is,
considering Mercury phenomenon and Jupiter Sun aspect together, will we see a
bottom next week?"
Our observations this week...
Mercury continues its retrograde motion and Nifty followed suit throughout the week. We expected a bounce by the Full Moon and that too happened. Full Moon triggered further down fall and Nifty came down upto 8646 before closing at 8661.
Mercury becomes direct on February 12th.Transiting Lagna at 09 am starts transiting in the ninth house for Nifty Futures, from February 13 onwards. So most probably we may see a low formation this week and Nifty should get into pre budget rally from the weekend.
Sun Jupiter opposition occurred on February 06, 2015.Nifty low formation could also be by February 12/13, based on this important aspect.
Of course these are just our assumptions. Let us watch and ascertain what really happens.
Starting from February 16th right upto March 15th, 2015, we are about to go through an intense astro time. There are several aspects which will culminate and bring in major effects in all walks of life, including financial markets.
Entry of Mars into Pisces and Venus into Aquarius merely marks a beginning.
Looking at technicals, first on a weekly mode.,
On the longer term we find that we are entering a very important reversal period by March 16-20 2015, based on 56 /57 week trends.
On a shorter time period. Nifty has formed an evening star on the weekly. This means some more down move is to be expected this week, before a low is formed.Looking at triangular formation in stochastics, maybe not more than 150 points? It does not matter..if short, just ride the pony, till it bucks.
Cycle updates continue on expected lines. Interaction between the 23 day and 108 day cycle should produce a shallow bottom. Interestingly 12/13 March is the classical cycle top. March 16 is the weekly cycle top. That is also the time zone for the last Uranus Pluto square..
Cycles also point out the same..9082 is the level to watch out for. Black and red cycles form a pair. Blue and green cycles another pair.You can see that Nifty had exceeded the blue cycle target and has reversed. 8531 is an important level to watch out for. It is formed inside the yellow band.
Finally Neo waves...
Trade cautiously. We are passing through uncertain times...
Thursday, February 5, 2015
Bank Nifty Astro Technicals Feb 04 2015 update
Bank Nifty movements are better understood in a comparison with Nifty..
See these two charts..
So, Bank Nifty has weakened more than Nifty of late. Levels of 18500 or so are good entry points for a pre budget rally.
Astrologically Bank Nifty is in a weak period from Jan 27, 2015. Mars is in its 8th and this will continue till March 06th. In between expect an upmove coinciding with the effect dates of Sun Jupiter opposition.
Bank Nifty might do much better after March 2015. Second half of the year should be very good for Bank Nifty. I expect Bank Nifty to outpace Nifty this year, because both Jupiter in Leo in the second and retro Saturn should be favourable for BN.
See these two charts..
So, Bank Nifty has weakened more than Nifty of late. Levels of 18500 or so are good entry points for a pre budget rally.
Astrologically Bank Nifty is in a weak period from Jan 27, 2015. Mars is in its 8th and this will continue till March 06th. In between expect an upmove coinciding with the effect dates of Sun Jupiter opposition.
Bank Nifty might do much better after March 2015. Second half of the year should be very good for Bank Nifty. I expect Bank Nifty to outpace Nifty this year, because both Jupiter in Leo in the second and retro Saturn should be favourable for BN.
Monday, February 2, 2015
Nifty Astro Technicals February 02 to 06 2015
We had a rather eventful week. In the shortened week gone by, Nifty opened with a gap from 8836 to 8871 on Jan 27th and till Jan 30, 2015, went on to hit an all time high of 8997 ( just 3 short of 9000!) before a huge sell off took hold and crashed the prices to 8775, before it finally closed at 8809.In one day, all the gains made since January 23, were wiped off.In fact this week`s closing of 8809 was lower than the previous week`s closing of 8836.
We see a Shooting Star candlestick pattern on the weekly chart and a large bearish engulfing pattern on the daily chart.
Both patterns occur after a sustained bull run and on good volumes.This suggests that a trend reversal is possibly on the cards. If this week also the bearish trend continues, we are having a much needed correction.Much needed because, a market which goes up without a correction is far more dangerous. It can collapse like a house of cards hurting a lot of people.
Neo wave wise, we are in wave c of abc.Inside wave c, the euphoric rise from 8237 up to 8997 ( 760 points) is wave a and with the sell off, we are possibly in wave b of c.After this wave b, we may possibly have wave c of c which could be the pre budget rally.
I have updated the cycles chart and shown the current counts on it. Break out from a horizontal, contracting triangle can be upto 125% of the largest leg of the triangle. Largest leg is of a of b, which is 8727-7961=666 points.The current upthrust had made 760 points, which is 114% and of c so the upthrust is technically complete.
But wave a and b of the xabc formation, were 31 and 29 day affairs respectively.Wave c has so far done only 10 days.With b of c and c of c remaining, wave c also could do 30 trading days.
Whether xabc will end with wave c? This is to be seen because with the recently concluded wave b being smaller than wave a, the chances of a diametric formation is high. This means we may have c up, d down, e up, f down and g up in a butterfly or diamond pattern before the complex correction finally concludes. But this is only an assumption and can be confirmed only after wave c concludes.
There is every possibility that abc completes as a zig zag or a flat. Both wave a and this wave a of c were strongly bullish. This agrees with the nature of a zigzag.Critical thing will be the nature of wave b of c ,which is unfolding.This should not be more than 61.8% of wave a of c. But then these are early days yet.
Looking at cycles,23 day cycles are the ones depicted in blue. Current uptrend seems to have topped out just after the mid point. See the starting point of this cycle. That was a point where the larger red 108 day cycle and the 23 day cycle bottomed out together.We saw Nifty falling to 7961 from 8727.
Now see where the blue cycle ends. It is marked as Feb 27. But the red cycle is soaring when the blue 23 day cycle ends on Feb 27. Bigger cycles tend to influence smaller cycles. So the chances of a distortion to the smaller blue cycle is high. So Nifty may not form a significant low by Feb 27. At best it could be a shallow low.
This makes us consider 38.2% retracements more carefully....
The chart is not as complicated as it looks at first sight!
1. Nifty is bullish enough to reach 9082, based on angle break outs.
2.Nifty follows the 45 degree line faithfully. Every time it slips out, it makes an attempt to reach it. 8997 was one such attempt. Now that it has slipped out of the primary 45 degree line, it should take support at either the secondary 45 deg line or 30 degree line.
3, Both point to 8601 levels possibly in the second week of February 2015.
4. Wave b of c is also unlikely to go down in a straight line. we may see up and downs.
5. If the fibo levels do not hold, then we may conclude that a diametric is in the offing.
Looking at astro formations, we begin the week with Aquarius rising and Moon in Gemini, in the 5th.
Jupiter retro is in the 6th ,Venus and Sun are in the 12th.After a weak start markets may bounce back, especially till the Full Moon.
Full Moon on 4th February, triggers the Uranus Mars midpoint and gives an effect which is as if Mars is in conjunction to Uranus. Already Uranus and Ketu are inflamed. Since they are in Mercury star,they have been giving sudden, surprising moves in all markets, especially in the currency market.With this translation, Mars also adds its aggression to the equation. Since Pisces represents religious beliefs through Jupiter, terrorism could also escalate, till Jupiter trines with these planets.More volatility and divergences are expected in financial markets.
So the Full Moon may provide fresh triggers to continue the downtrend.
The uptrend which began on January 15th, did not change track on January 22, when Mercury became retrograde, but went on right upto January 30, 2015. We have often seen that if a market does not change direction when Mercury goes retrograde, often does so during the mid period of Mercury retrograde.
February 02, 2015 is the tradeable Mercury retro mid period day. And February 11, happens to be the date when Mercury becomes direct.
Nifty started a down move on January 30, one trading day before Mercury retro mid period day of February 02.
So, will this down trend continue till Mercury becomes direct? That is, till February 11, 2015?
By the weekend, another important aspect will come into play. Capricorn Sun will oppose Cancerian, retro Jupiter.Given its customary orb, we may see a reversal in the period February 11 to 16, 2015.
So the question is, considering Mercury phenomenon and Jupiter Sun aspect together, will we see a bottom next week?
Reading everything together, we expect Nifty to drift down and form a bottom sometime next week. 38.2% seems probable, but we never know...
Friends, I have done my best to put my ideas as clearly as possible here. But Iam not perfect. Neither am I infallible. Please use this information appropriately and trade in such a manner that you do not lose capital.
Thank you all for your continuous support.
We see a Shooting Star candlestick pattern on the weekly chart and a large bearish engulfing pattern on the daily chart.
Both patterns occur after a sustained bull run and on good volumes.This suggests that a trend reversal is possibly on the cards. If this week also the bearish trend continues, we are having a much needed correction.Much needed because, a market which goes up without a correction is far more dangerous. It can collapse like a house of cards hurting a lot of people.
Neo wave wise, we are in wave c of abc.Inside wave c, the euphoric rise from 8237 up to 8997 ( 760 points) is wave a and with the sell off, we are possibly in wave b of c.After this wave b, we may possibly have wave c of c which could be the pre budget rally.
But wave a and b of the xabc formation, were 31 and 29 day affairs respectively.Wave c has so far done only 10 days.With b of c and c of c remaining, wave c also could do 30 trading days.
Whether xabc will end with wave c? This is to be seen because with the recently concluded wave b being smaller than wave a, the chances of a diametric formation is high. This means we may have c up, d down, e up, f down and g up in a butterfly or diamond pattern before the complex correction finally concludes. But this is only an assumption and can be confirmed only after wave c concludes.
There is every possibility that abc completes as a zig zag or a flat. Both wave a and this wave a of c were strongly bullish. This agrees with the nature of a zigzag.Critical thing will be the nature of wave b of c ,which is unfolding.This should not be more than 61.8% of wave a of c. But then these are early days yet.
Looking at cycles,23 day cycles are the ones depicted in blue. Current uptrend seems to have topped out just after the mid point. See the starting point of this cycle. That was a point where the larger red 108 day cycle and the 23 day cycle bottomed out together.We saw Nifty falling to 7961 from 8727.
Now see where the blue cycle ends. It is marked as Feb 27. But the red cycle is soaring when the blue 23 day cycle ends on Feb 27. Bigger cycles tend to influence smaller cycles. So the chances of a distortion to the smaller blue cycle is high. So Nifty may not form a significant low by Feb 27. At best it could be a shallow low.
This makes us consider 38.2% retracements more carefully....
The chart is not as complicated as it looks at first sight!
1. Nifty is bullish enough to reach 9082, based on angle break outs.
2.Nifty follows the 45 degree line faithfully. Every time it slips out, it makes an attempt to reach it. 8997 was one such attempt. Now that it has slipped out of the primary 45 degree line, it should take support at either the secondary 45 deg line or 30 degree line.
3, Both point to 8601 levels possibly in the second week of February 2015.
4. Wave b of c is also unlikely to go down in a straight line. we may see up and downs.
5. If the fibo levels do not hold, then we may conclude that a diametric is in the offing.
Jupiter retro is in the 6th ,Venus and Sun are in the 12th.After a weak start markets may bounce back, especially till the Full Moon.
Full Moon on 4th February, triggers the Uranus Mars midpoint and gives an effect which is as if Mars is in conjunction to Uranus. Already Uranus and Ketu are inflamed. Since they are in Mercury star,they have been giving sudden, surprising moves in all markets, especially in the currency market.With this translation, Mars also adds its aggression to the equation. Since Pisces represents religious beliefs through Jupiter, terrorism could also escalate, till Jupiter trines with these planets.More volatility and divergences are expected in financial markets.
So the Full Moon may provide fresh triggers to continue the downtrend.
The uptrend which began on January 15th, did not change track on January 22, when Mercury became retrograde, but went on right upto January 30, 2015. We have often seen that if a market does not change direction when Mercury goes retrograde, often does so during the mid period of Mercury retrograde.
February 02, 2015 is the tradeable Mercury retro mid period day. And February 11, happens to be the date when Mercury becomes direct.
Nifty started a down move on January 30, one trading day before Mercury retro mid period day of February 02.
So, will this down trend continue till Mercury becomes direct? That is, till February 11, 2015?
By the weekend, another important aspect will come into play. Capricorn Sun will oppose Cancerian, retro Jupiter.Given its customary orb, we may see a reversal in the period February 11 to 16, 2015.
So the question is, considering Mercury phenomenon and Jupiter Sun aspect together, will we see a bottom next week?
Reading everything together, we expect Nifty to drift down and form a bottom sometime next week. 38.2% seems probable, but we never know...
Friends, I have done my best to put my ideas as clearly as possible here. But Iam not perfect. Neither am I infallible. Please use this information appropriately and trade in such a manner that you do not lose capital.
Thank you all for your continuous support.
Thursday, January 29, 2015
Nifty Technicals January 28 2015
We are firmly in wave c of xabc.
Wave c can develop as a diametric or as a triangle. We will have to wait and see.
Wave c has achieved 8968 levels which we were watching.
In the complex wave channel, price has now touched the upper trend line.
Which seems to be a confluence of sorts.
The 23 day cycle is approaching an inversion point. If we have an inversion now. we may have a bottom after 23 days.
We may wait to see the hourly momentum moving up and reaching another top. Only when all three period momentum start down, shall we conclude the present upmove to be over.
In short, the uptrend is maturing. But wait for technical signals before assuming a reversal is in vogue.
Let us not forget, that we are only in the first wave of c, which is a strong up wave. So all reversals should be used to buy in dips or move out of shorts.Only if the complex wave channel breaks in faster time can we conclude that a major reversal has taken place.
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