Jupiter's upcoming aspect to Uranus

The aspect is due on 18th Jan. Market is getting its strength from the nearness of the upcoming aspect. Market is not ready to fall. The strength is likely to continue, and show a boost on 18th Jan. Once the aspect passes away, the strength will start receding. Moreover Mars retrogates from 23rd Jan and Saturn from 07th Feb. This will add more of negativity.

Crucial Juncture

Nifty below 4800 will show weakness. And if sustains and crosses 4900, it will show further strength.

Crossed 4800 mark

After 5 days of consolidation Nifty finally broke out of the 4800 range and closed strong at 4850. Trigger was Moody's upgradation of India to Investment grade. This has negated the possible downmove as envisaged yesterday.

Next down leg starts

Nifty in a tight spot. Not able to cross the 4780-4817 range. It closed below 21-Dema, 5D-Hema. Daily stockastics in the OB range. Consistent 5th day of its failure to cross the 4800 range. All this points to a downfall.

Nifty trading below 5 EMA

Nifty has moved below 5D ema, and is about to go below 5D Lema (4690).

Nifty sustaining its progress. It is ruling above Pivot, 5D HEma, 21D Ema.

Nifty above day's open and yesterday's high.

03/01/2012

Nifty has given a gap up open, and is strait forward above 5D Hema. Now it is above 21D ema.