Our observations last week...  "Nifty has moved up straight for the last ten days  as seen in the chart above and a sub cycle top may form this week. In other words, after some more up move this week, a pull back looks likely. It is now a buy on dips kind of market. We are in the Central Time Zone of retrograde Mars squaring Saturn Pluto and Jupiter. We are currently going through Mars squaring Pluto and the next would be Mars squaring Jupiter on October 19th.  Between October 14th to 19th Sun also will square these three giants.. Jupiter , Pluto and Saturn.  Things could t ..read more

  Nifty had ended the previous week on October 01, at 11416 with a bull candle. This was our expectation. "Up move had achieved the 61.8% retracement and also has crossed above the 50 SMA. Both these are tell tale signs of market reaching mature levels. We look for a reversal between the current closing of 11416 and 11557 ( 76.4% levels ), This view is invalid beyond 11618.  Market is supreme and so will wait for market move of confirmation or non confirmation." Nifty opened at 11487 on October 05 and proceeded to continuously go higher and close the week on October 09 at 1191 ..read more

 Last week we had expected Nifty to make a final pull back target between 11410 and 11460.Nifty closed the truncated previous week at 11416. Let us look a little closer...  Nifty formed a significant cycle low on September 24. So we shift the end of previous cycle to September 24. It was also 23.6% Fibo retracement of the move  from March 23 bottom to August 31 top. Previous bearish sub cycle between September 09 and September 24 had moved up for five days before turning down. This sub cycle also had moved up for five days so far. So we can conclude that this uptrend is nearin ..read more

 Nifty has clearly formed a lower top at 11618 compared to the previous top of 11794 and what is more, it has breached swing lows of 11185,11111  and 10882 on closing basis. This was accompanied by heavy and sustained FII Selling. The question uppermost in our minds is has the rally from March 23 2020 ended? Or is this a healthy correction from which the Index turns back again and scale new highs of 12,000+? Let us look at astrological indications and see whether there are some sign posts for us pointing a direction into the future. In the post for the week of  September 14th, w ..read more

Gold is trading in a historic price zone and is forming a bullish cup and handle formation on the long term charts. We recently had a breakout and price has been consolidating.  Consolidation is in the form of a Triangle and we are witnessing the last leg of the triangle being formed.     ..read more

Unlike with Nifty, we find Bank Nifty is below all moving averages, 200, 50 and 20.This portends a bearish scenario. BN has closed below the 50 SMA consistently for a few days now. The second sub cycle is still continuing and we do not yet know if it has bottomed out.  As we can see, the second sub cycle is has completed 24 days so far and a top was formed in 10 days. That means the corrective part of the cycle took 14 days and this again is a bearish development. I have extrapolated the 200 SMA here and it is likely to touch 24200 by September 25.That looks to be the ceiling as of no ..read more

As expected Nifty continued to move slowly this week and despite the late sell off, managed to close above the 20 SMA.Both 20 and 50 have crossed 200 SMA and this continues to be bullish. However as observed last week, with Nifty weakening upto 50 SMA last week is pointing out to internal changes in the bullish structure. Current cycle has completed 34 days and we expect a top either this week or next week. Current up-move has completed 7 days. If we observe the previous two upmoves and how much they have moved in 7 trading days, we can see that., Between August 3 and August 12, Nifty had ..read more

Bank Nifty has completed 29 days in the present cycle which comprises of two sub cycles.The first sub cycle was of 10 days duration and the second was of 17 days duration. The third cycle seems to be on, but is very tentative yet.This is because Bank Nifty has weakened considerably. Hopefully  this week, maybe after one or two days, we may see Bank Nifty rising and starting the third sub cycle in full earnest. There may be some more hesitation on Monday and Tuesday, which needs to be watched.   We may get an idea of how much Bank Nifty has weakened from this comparative cha ..read more

 This is what we had observed last week: "A swift recovery will indicate that there is strength in bulls. A weakening to 50 SMA will indicate that the underlying strength has begun to shift to the bears. No doubt a recovery cycle will still be there, but I would be very circumspect.If 11111 is breached and Nifty closes below that, then all bets are off. Currently I feel that possibility is a little remote." Nifty opened at 11359 on Monday ( September 07 ) and gradually moved down to 11185 on  Wednesday  (September 09 ). That is, just 31 points above 50 SMA value of 11154 on Sept ..read more

 What a dramatic week!In one dramatic swoop, six days of uptrend was demolished in Nifty, on August 31. The uptrend rose to a crescendo to 11794 and dramatically reversed....Well the cycles and planets did forewarn us last week....Correction has now completed four days and we see desperate articles all over the net....! Let us briefly examine what is in store..I say briefly because I intend to keep my posts, short...More of them but shorter. Current sub-cycle has so far taken 15 trading days and a clear top was made on the 11th day. Sub cycle length is shown in dotted blue lines and the ..read more