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December 28, 2011

Dec 28th,2011

Nifty closed below the 5day High Ema & 5D Ema. It also tested 5D Low Ema but closed above it. A close below the Low ema will drift it downwords.

December 1, 2011

Nifty at 21 Day Ema

Nifty today opened below 50 Day EMA and stayed below it throughout. It closed at 21 Day EMA 4936. If it breaks this level, then it will target next level i.e 5 Day High Ema & 5 Day EMA i.e.4902 & 4853 (at present).
Dow's falling trendline is around 12100. It should not go above this level to keep the trend intact.

Dec 1, 2011

What a salute to Venus Pluto Conjunction in Sagittarius (Nifty 3% plus in the morning). Now watch out for series of negative aspects and Lunar eclipse on Dec 10th. Mars aspcets Rahu Ketu on 12th & 13th.

Jupiter is fast approaching its aspect to Uranus on 13th. Jupiter is within 1% to Uranus, thus positive bias will be there alongwith negative effects. The two positive aspect (before 13th Dec) are on 5th & 8th.

On daily charts nifty has touched the middle line of Bollinger Band. It has not crossed the 50 day Exponential Moving Average (EMA).