TECHNICAL &ASTROLOGICAL ANALYSIS OF THE MARKET FOR THE DAYS TO COME

Market have not moved exactly as per my analysis:

“ON THE CONSISTENT CLOSING ABOVE 5900-5920 MARKET SHALL COVER UP THE SHORT POSITION AND SHALL RISE TILL 6080-6120”

For last few sessions and after the credit policy market has managed to remain above 5850-5900 but its remaining in the tight range of 5850-5950. This tight range will be broken by next few days and chances of going higher will be clear if Nifty manages to close above 5969 (50 DMA).

Astrologically, a retro mercury till 31^st December shall make the sudden and wild moves (resulting in volatility), which could be, beyond expectation and imagination.  

NOTE: ANY SOLAR ECLISPSE (TOTAL OR PARTIAL) SHALL START GIVING ITS RESULT  FROM ONE MONTH BEFORE TO ONE MONTH LATER. SOLAR ECLIPSE WHICH SHALL OCCUR ON 4^TH JANUARY 2011 SHALL HAVE BOTH NEGATIVE & REVERSAL OF NEGATIVE EFFECT FROM 4^TH DEC 2010 TILL 4^TH FEB 2011.

Solar Eclipse on 4^th January 2011 in Makara Rashi (Rashi attributed to Indian Markets as sign of politics) shall form the negative environment domestically resulting in wild downward swing, which could take Nifty to 5500 or at least 5700 on the down side and 6300 or 6400 on the upside. Hence wide range for Nifty shall be 5700-6300 or 5500-6400. We have seen the worst behind. So what lies ahead??  Even though the global market and domestic uncertainty remains there Nifty shall head northwards probably 6300++ (at least) and then  there could be severe correction which could bring Nifty to 5500.

Best Strategy to play with:

One should not go long/short in Nifty/Stock Future, rather buy options in Nifty & Stocks. Nifty options shall be the best play for those who are aggressive players and want to take risk. Those who wish to be defensive players shall buy Nifty ETF, “Nifty Bees”. Nifty Bees trades in ratio of 1/10^th to the Nifty Spot and is best for those who are not convinced with any stocks to invest and don’t want to play Nifty options.

For this week the options data show that break above 5950 (closing basis) 6080-6120 is the near term target. 

Safe Harbor Statement:
Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.Nothing in this article is, or should be construed as, investment advice.

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