The current fall in Nifty has pushed it beyond the lower boundary of the Keltner Channels.At 50% of Fibo, we have a likely support at 5967.The sheer continuation of this fifth wave, which began from 5548, on Nov 20, 2012, has already consumed 51 days.So we may give credence to the theory that fifth wave is getting extended. If so we look at the current up trend and micro down moves as part of the micro waves inside the 3rd wave of the 5th wave.
International situations also are adding to this understanding. It looks like, internationally, money is now moving out of bonds and other fixed income products, into equities.
http://www.bloomberg.com/news/2013-02-01/u-s-mutual-funds-reaping-record-deposits-as-markets-rise.html
Our domestic funds are selling primarily because they need funds to subscribe for the several Government sponsored stake selling in many companies.
Have a great week of trading! Prudent money management and always allowing the market to make the first move are two permanent strategies which will make money for you and prevent you from losing money, all the time, no matter what the market condition is.
Sunday, February 3, 2013
Nifty Astro Technicals February 04 to 08, 2013
In our previous Sunday post we had expected Nifty to trend down from Jan 31. In fact Nifty courted Negativity from Jan 30 itself. We had expected the negative moves to last up to February 04, 2013.
Let us continue from here....
Nifty has been correcting from a high of 6111.80 and has
touched a low of 5983.20 on February 01, 2013.Hereafter Moon will be moving
through Libra, Scorpio, Sagittarius and Capricorn, till February 08, 2013.
In a third quarter deviation period, when Moon travels
through Libra, Scorpio and Sagittarius, isolated weekly bottoms were more
common.
So a bottom beyond 5983, on February 06, 2013, when Moon is
in Mercury star, looks likely.Then the min declination point on Feb 06 and min distance on Feb 07 could be turning points upwards. That is the present down trend could get arrested and an up move could begin. Even the minimum Latitude inflection of Feb 10, may be construed as reversal upwards. After that Nifty should move up into the New
Moon on February 10.
See the declination chart......
New Moon deviation period is from February 11 to February
17.Moon moves through Aquarius, Pisces and part of Aries during this time. Traditionally
Nifty was hitting weekly highs in Aquarius and Pisces. We may safely assume that when Moon is in
Mercury, on February 14 we could have a high point day.
Let us see the planetary aspects in the next fortnight...
Positive aspects earlier in the week ( Feb 04 to 08) should limit the present down move and allow Nifty to reverse.We have some hiccups post February 10 and 11.However with Saturn turning retrograde by February 18, that date may act as a magnet pulling Nifty up to it. In other words, after February 12, 2013, Nifty may move up till February 18, 2013.
So this is my Astro expectation.There is a modification to my expectations posted on Sunday, January 27, 2013.
Nifty could bottom out in
the short term on February 06. Then could move up till Feb 11. Face some temporary
setback ( down moves)on Feb 11 or 12 and then move up again, to hit a high by February 18,
2013, which is also the First Quarter Moon date.
Thursday, January 31, 2013
Wednesday, January 30, 2013
Nifty Astro Technicals Jan 29, 2013
This has been the dominant theme of our markets for some time.Domestic Institutions are selling while FII buying in larger quantities offsets this selling and keeps pushing the markets forward.
Astrologically Rahu represents foreigners and their activities and so when Rahu conjuncts Saturn on September 17, 2013,there could be a major trend change in this activity. Anyway it is too early to be bothered.
With this back drop we look at the wave counts, and this is how they look to me. February 08/11 could be an important turning date. Minor wave 3 could terminate and wave 4 could begin....
Sunday, January 27, 2013
Nifty Astro Technicals Jan 28 to Feb 01,2013
We look at the current week by going into a future
date (Feb 08 2013) and then travelling towards this week (Jan 28 to Feb 01,
2013.)
What do we see?
Jupiter after turning direct comes back to form a
trine with Natal Neptune. This trine formation will be for the second time (
the last time we saw this was on January 22, 2013.And Nifty reacted from 6101
to 6008, in 2 two days. But since the trine formation continued to be intact
then, Jupiter was moving retro into further inner movements with Neptune, we
did not see further reactions.
But from Feb 08 onwards, Jupiter is
going to gather speed and move away from Natal Neptune, which means the basic
bullish trine formation will begin to develop serious cracks. ……………………….(1)
By Friday the 13th, Rahu in
Libra will be squaring Natal Uranus- this is indicative of more long term
trouble……(2)
Mars and Mercury join hands and attack
Jupiter squarely. Effect to be seen on Feb 11, Monday……(3)
While Sun
forms a conjunction with Natal Uranus, more troubling is the square shown between Sun, Rahu and Ketu…..(4)
At 13:37 degrees Venus has completed its
positive trine with Jupiter. ….(5)
There are no smaller or faster planets
left in the arc Scorpio to Capricorn, to form trines with Jupiter……..(6)
Again, on Feb 11, Monday, Venus will be
square with Saturn…(7)
So looking at the font colours, it looks like predominantly
things are going to be downhill from February 08 onwards. But remember, the bid
fella, Jupiter is in Taurus and he does not like changing trends when in Taurus.
So between February 2013 and May 2013, we may expect a topping out, (the 5 wave
phenomena), wave A downwards and a big wave B upwards, which may rival the tops
in February, whether it is 6100 or 6200 or 6300, is immaterial.
After Taurus, by May end, Jupiter moves into
Gemini. Gemini is a dualistic sign and even worse, in Gemini, Jupiter will get
into a square aspect with Uranus and an opposition aspect with Pluto. But all
these are currently far away in August 2013 ( in fact we could witness an
unholy trine relationship with Saturn somewhere in July 2013, where everything
will look rosy for some time..) and so let us get back to the only thing which
is real—the present moment. Now!
Let us back track. Between January 28 and February
11, there are ten trading days.
Astrologically, at least we expect February 08, to
be a tipping point. What may happen in between?
On January 28, we are emerging out of a
Sun-Jupiter trine. And Venus is emerging out of a trine with Ketu. But with
Mercury in Moon and Moon in Mercury, Monday could be a slightly negative day. In
fact with a Full Moon on January 27, 2013, we are on a Full Moon deviation
period that is Moon is between Full Moon and First Quarter. And when Moon is in
Cancer, historically we had always had a low which could be January 28. (Mind
you, Iam not talking about a bottom, but a low).
We can buy a little confidently because
traditionally the next Lunar top can be in Libra which is on February 04; 2013.It
is also a Jupiter day- a direct Jupiter day.
So short on Monday morning, buy during the dying
moments of January 28, 2013, hold it till January 31, closing hours. Short
again on January 31, and cover on 04th evening. Simultaneously buy
and sell everything on February 08th.
This is what Financial Astrology says. But let us
be prudent shall we? Let us wait for the dame, Nifty to tell us what she
intends to do? Let us follow the price movements first before deciding to trade.
Have a great week of trading! As a true blooded technician I have chosen to ignore the fundamental reality of RBI Interest rate effects and consequent market reactions.After all, we traders believe that the price reflects all other effects don`t we?
Friday, January 25, 2013
Nifty Astro Technicals-- Lunar Reversals Jan 24 2013
January28/29 2013, may be a reversal day- Nifty could bottom out in the near term on Jan 25 and start moving up, next week.
Nifty Astro Technicals for January 25,,2013
Nifty weakens for a third day, in a row.Still it is moving only inside the Keltner channel. FIIs continued their cash market, net positive purchases, to the tune of Rs 10263 million.However they have sold heavily in the directives segment, to the tune of Rs 6144 million.( By far, the highest this month.)This has erased the premium off Nifty futures. DIIs continue to sell-they sold a net of Rs 4139 million.
So, the FIIs seem to be short term short and long term long.
Look what is happening to the broader markets...
While the broader markets are selling off, Nifty is in a relatively comfortable situation.
Astrologically, the markets are going to improve next week. Let us wait and see...
So, the FIIs seem to be short term short and long term long.
Look what is happening to the broader markets...
While the broader markets are selling off, Nifty is in a relatively comfortable situation.
Astrologically, the markets are going to improve next week. Let us wait and see...
Thursday, January 24, 2013
Nifty Astro Technicals January 23 2013
But look at some related indices....
Wednesday, January 23, 2013
Sunday, January 20, 2013
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