What was said and what happened?
Weekly : We should be attentive to Mercury retro period and also Pitru Amavasya data that I posted yesterday : Most of the trends of markets can be low in a week’s time.
From the last three days despite of daily up signals, the nifty was slow or resting and today also Gap open fall and recover at end.
Moon is Gemini, Ardra, markets tend to Up as moon creating distance from Rahu.
Nifty has to remain above 17850 for remaining up. Any move down 17675 is a down market.
Nifty bank formed a hammer pattern at close recovering from 37500. Anything below 37500 is down and 38100 above is positive.
What happened: Nifty 50 was down in terms of previous close, rather in the given range and/ but moved upwards from the open and close green. At 17704
This is the reason, I always analyse week, day and cycles separately. What we will call today- Up in day or down in days?
Nifty and nifty banks honored the cyclical analysis and also time cycles, trend analysis.
Main performers were Metal, PSU bank, Midcap 50 and Pharma. Watch list on the buy side performed well.
Simple trick by operators. Profit booking in sectors running for the last three days and fresh up trend or buy in remaining sectors.
In any case, keep the momentum high.
Today Astro and Technical Forecast:
I am still cautious with the last three days’ pattern. Technicals are showing down trends and markets moves in day.Not a very healthy sign.
Generally this trick is very detrimental for markets show how markets are well operated by Big players.
Nifty technically is weak below 17690 and nifty bank below 37511.
Today moon in punarvasu and jupiter is in retro motion. General tendency of the market is weak.
It is to be correlated with Cycles. As the weekly chart is showing recovery for the rest of this week.
Today Important times in CIT
Today Time Cyclical Analysis
Nifty time cycles suggest down up to 12 and then rise again.
Nifty Bank cycles also suggest down by 12 and then Up again with end.
Today’s Watch list on the buy side.
IDFC First Bank above 48.50
AU Small Bank as Swing trade
REC- Swing trade
India Energy exchange- Swing
Can Bank sustaining 168
Today’s watch list on the sell side.
Reliance below 2530
Bharat Forge below 742
HDFC below 2745 a swing sell
Eicher motor below 2855
BEL below 204
Kotak Bank below 2010
Have a great trading day ahead. Happy trading.
Disclaimer: Astrology Analysis meant for educational purposes only.