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Nifty - 7812.00 (-165.10)
BSE Sensex -25651.84 (-541.14)
Astro-Turning Dates (+/- 1 Day)**
(Note - This is preliminary analysis of the market which will be updated everyday during Market Hours. Effect can start plus/minus few hours)
Sept 21st - (........ ......... For Paid Subscribers Only ......... ......... - Signal Strength **)
Sept 22nd / 23rd - (........ ......... For Paid Subscribers Only ......... ......... - Signal Strength ***)
Sept 24th/ 25th - (........ ......... For Paid Subscribers Only ......... ......... - Signal Strength ***)
Note - World Markets will be mixed and Volatile between 14th - 23rd September but Period after ........October may not favor bulls. NSE/BSE may also turn weak after ................ however Banking & IT Sectors may defy trend for couple of weeks. Gold / Silver looking positive till .............. despite volatility. Crude looks week between ............... EURO and JPY are looking weak against US Dollar. Australian Dollar, Swiss Frank, Japanese Yen looking weak against US Dollars.
Technical Outlook for 23rd September 2015
As mentioned yesterday, which had risen by more than 400 points in last 7-8 trading sessions was overdue for corrective decline towards 7900-7925. At the same time, Nifty has a rising support of 7933 which if violated with good volumes can wipe off 200 points of Nifty in coming sessions. On the bullish side, Nifty can try to cover the opening gap of 24th August/25th August between 8100 & 8230. With RBI policy due on 29th September, more activity & volatlity can be seen in all the banking & financial stocks which are likely to get affected with cut in interest rates. Nifty opened with a positive gap of 32-34 points as most of the World markets including US, China (except Nikkei) were trading in a positive zone. Nifty, after higher opening moved up further to touch an intra day high of 8021 but higher levels could not be sustained & Nifty started coming down slowly & gradually making lower tops & lower bottoms. After 1200 hours, Nifty weakened further & came down sharply to an intra day low of 7787 before some recovery took place & Nifty managed to close at 7812.00 about 165.10 points below the prrevious close.
As far as, Short Term charts are concerned, Nifty had given bullish breakout from an "Inverted Head & Shoulder" pattern on 15th September but retreated back next day. However market once again rallied on 16th September & gave bullish breakout above 7850 & Nifty (similar breakout was made by Bank Nifty as well as BSE Sensex). Now technically Nifty should touch 8125-8150 & Bank Nifty should go above 17800 in next few sessions. Nifty has to cover an opening gap till 8215 which was left on 24th August 2015. On bearish side, minor support exists at 7875 & major support exists at 7545 which can change the intermediate trend.
As far as bar reversal in Daily charts are concerned, stocks like Sun Pharma, Bharat Forge, Titan Ltd., EIH Ltd., Filatex etc have given "Upward Bar Reversal" while Nifty Spot, BSE Sensex, Nifty Futures, Larsen & Toubro, Maruti Suzuki, Axis Bank, State Bank of India, ITC Ltd., Yes Bank, TCS etc. have given "Downward Bar Reversal". Stocks like Next Media, Everonn Systems, Atlas Cycles, GM Breweries, Career Point, Nelco, Trident, Herculeus Hoists, Ahmednagar Forging, Blue Star Infotech have shown spurt during the day with unusually high volumes.
Sector wise, most of the stocks like GM Breweries, Nitin Spinner, Nagarjuna Const., Pratibha Inds., Polaris Software, ARSS Infra, Maxwell Inds., On Mobile, Rajesh Exports, Axis Cades, Sri Pipes, MMTC, Kokoyo Camlin etc. were among the top gainers of the day to close in positive territory whereas stocks like Amtek Auto, Motherson Sumi, Rel. Comm., Aban Offshore, Hindalco, Adani Ports, Manappuram Finance, PTC Finance, NTPC, Vedanta, R Power etc. attracted profit booking at higher levels & closed in red territory. As far as, A/D data is concerned it was in favor of bears in the ratio of 2:5 with 435 advances and 1058 declines during the day.
In nutshell, Nifty, which has risen by nearly 500 points in last 7-8 trading sessions has made a bearish "Rising Wedge" pattern in hourly charts with support at 7875. Decisive move/close below 7875 can wipe off 125-150 points of Nifty in coming sessions. Nifty can go further down to 7750 if it does not stop at 7850. Now Nifty is deeply oversold in hourly charts with multiple positive divergences which can initiate technical recovery to 7850-7860 in next couple of days. Bank Nifty is also deeply oversold after sharp decline from 17652 to 17031 and there are chances that BN may recover to 17200 in next few hours. Bank Stocks may recover again before 29th Sept when RBI meeting is due to consider Interest rate hike. The best strategy is to use lower opening for light buying for Technical Recovery in oversold stocks.
Astrological Outlook for the Week (21st September 2015 - 25th September 2015)
Current Planetary Position - Astrologically, in Transit, 3 Planets i.e. Sun (In Uttar Phalguni Constellation, ruled by Sun itself), Exalted & Retrograde Mercury (In Hasta Constellation, ruled by inimical Moon) and Retrograde Rahu (North Node) are placed in Virgo. Saturn (Direct) (In Anuradha Constellation, ruled by Saturn itself) is placed in Scorpio. Retrograde Pluto and Transiting Moon are placed in Sagittarius. Retrograde Neptune is placed in Aquarius. Retrograde Uranus and Retrograde Ketu (South Node) are placed in Pieces. Venus (In Ashlesha Constellation, ruled by Friendly Mercury) is placed in Cancer. .2 Planets i.e. Jupiter (In Poorva Phalguni Constellation, ruled by inimical Venus) and Mars (In Magha Constellation, ruled by friendly Ketu) are placed in Leo. Moon will be transiting through Sagittarius, Capricorn and Aquarius during this week. 6 Planets are in retrograde motion as on 21st September 2015 i.e. Rahu, Ketu, Pluto, Neptune, Mercury and Uranus. Sun entered Virgo on 17th September 2015. Mars entered Leo on 15th September 2015. Mercury turned Retrograde on 17th September and it will remain so till 9th October 2015. Mercury will remain Exalted till 29th October 2015. Pluto will get direct on 25th September 2015.
Expected Weekly Movement - During next week , there are again a number of important astro-events taking place. Week starts with the hangover of negative aspect of Sun-Mars Semi-Sextile aspect on 20th Sept followed by Saturn Mercury semi-square aspect on 21st Sept. Venus - Uranus Trine aspect may give some support to market but Moon-Pluto Conjunction on 22nd may not favor market. Wednesday (23rd Sept) has Sun-Saturn sextile aspect and more decline can be expected around 23rd (+/- 1 day). There are number of aspects falling on 24th like Sun-Rahu (North Node) conjunction, Pluto- Square Mercury and Venus-Moon opposition. Pluto will get direct on 24th/25th Sept. Therefore 24th September (+/- 1 day) becomes an important day. Friday (25th Sept) has also many astro-aspects like Saturn-Square Mars and Moon-Opposition Mars. All these aspects will keep markets highly volatile with negative bias (Effect may be delayed but it will show the effects sooner or later) Overall, this is ....... ......... For Paid Subscribers Only ......... ......... that looks favoring Bears. (This is preliminary analysis of the market which will be updated everyday for day and swing traders through live market updates and trading calls. Note- Most of the astrological aspects work plus/minus few hours so it is better to follow live updates before entering into any positional trades)
Trading Strategy - Keeping in mind the different Astrological Turning Dates during the week, For conservative Traders, Stock Specific ....... ......... For Paid Subscribers Only ......... ......... Friday (25th Sept 2015). (This is preliminary analysis. More accurate analysis with recommendations of Buy/ Sell will be provides to Subscribers during Market Hours)
World Markets - Astro-Technically
(This is preliminary analysis. Live updates will be provided to Paid Subscribers during Market Hours)
S&P500 Continuous (1958.03)
Technically, in Daily and Weekly charts, S&P had been moving up in a Rising Channel Pattern since 30th September 2011 from a low of 1130, making "Higher Bottoms and Higher Tops" with occasional corrections from time to time while maintaining the up-trend in totality. On 20th/21st August 2015, S&P500 gave bearish breakdown from 2 different patterns i.e. 1). From a Distribution Pattern of last 7-8 months (Support at 2045 and Resistance at 2135), setting lower targets of 1955-1960, which were achieved very next day (21st August). More important is that S&P500 gave bearish breakdown from the "Rising Channel" pattern of last 45-46 Months. Another Weekly Close below 2025, can open gates for target of 1800-1825 in coming weeks. As far as 1/3/5 minute charts are concerned, S&P500 has declined very sharply from 2103 to 1867 between 18th August and 25th August 2015, followed by recovery / movement in a "Pennant/ Rising Wedge" pattern. Technically, it is a Continuation Pattern (Here Bearish) and presently having rising support at 1958 (as on date) and resistance at 2024 (again rising everyday). Good support exists at 1925 (Rising Support line of last 3 years). ....... ......... For Paid Subscribers Only ......... ......... points in coming days. If S&P500 takes support between 1925-1958, it will move up till next resistance of 2024.
Astrologically - Details are reserved for Paid Subscribers only.
US Dollar Index (94.996) - Technically, in medium/ long term charts, US Dollar Index gave bullish breakout from "Triangle" pattern in October 2014 in weekly/ monthly charts since 2005 (9 Years) having resistance around 87.5-88 which was violated successfully with heavy volumes, setting minimum bullish target 108-110 which will be achieved in coming weeks. After touching a high of 100.38, it has declined to 92.52 on 24th August 2015. IN short term charts, it continues to remain locked between 92.50 and 98.25 and breakout on either side is capable of giving a move of US$5-US$6 in coming sessions. As far as EST Charts (1/3/5 Minutes) are concerned, we expected on 14th Sept that US Dollar would give bearish breakdown from a small "Rounding Top" pattern with support at 95.15-95.20, which if violated with volumes may ....... ......... For Paid Subscribers Only ......... ......... in next few days. US Dollar Index touched US$94.19 and bounced back on 18th Sept. Now US$ Index may move up further till 97.75 to meet the next resistance.
Astrologically - Details are reserved for Paid Subscribers only.
Crude Oil Continuous ($45.02)
Technically, in longer term charts, for last 30 months, Crude was moving in a narrow "Symmetrical Triangle" pattern (rather a Rectangle pattern) having support at US$90 (Rising from 64 to 91 since 21/05/2010) and Resistance at US$114. Crude gave bearish breakdown from above pattern when it moved below US$90-US$91 in first week of October 2014, setting lower target of US$44-US$45 which were achieved on 13th January 2015. After Technical recovery to US$62.58 in May 2015, Crude has been declining to touch a low of US$39.86 (touched on 21st August), putting momentum indicators in Daily charts in deeply oversold zones to initiate recovery to US$45 & US$50 in coming weeks. Coming to EST Charts (1/3/5 Minute), Crude had touched US$49.33 (against our target of US$50/-) and took a corrective decline in last 10 trading sessions till US$43.21 and close the week at US$44.63. Now Crude is locked in a "Symmetrical Triangle" pattern with support at ....... ......... For Paid Subscribers Only ......... ......... Breakout on either side can give a move of .................in coming sessions.- (From 140915)
Astrologically - Details are reserved for Paid Subscribers only.
GOLD Continuous ($1137.80)
Technically, since June 2013, Gold has been moving in a "Declining Wedge" Pattern in daily / weekly charts making "Lower Tops and Lower Bottoms" (Tops = US$1434, US$1392 and US$1307, Bottoms = US$1179, US$1181, US$1130 and US$1072). Gold bounced back from it's recent low of US$1072 (Touched on 24th July 2015) to touch a recent high of US$1167.90 on 21st August 2015). The Resistance line of above "Declining Wedge" pattern is currently is US$1158, which if violated with volumes may set another target of US$1268-US$1270 in coming days/ weeks. Now as far as 1/3/5 minute charts are concerned, Gold is slightly overbought and possibility of further decline ....... ......... For Paid Subscribers Only ......... .........
Astrologically - Details are reserved for Paid Subscribers only.
SILVER Continuous ($15.1630)
Technically, as far as Daily/ Weekly charts are concerned, Silver has been moving in as "Declining Wedge" pattern since June 2013, making "Lower Tops and Lower Bottoms" pattern with recent low of US$14.33 and resistance at US$17.70. In shorter term charts also, Silver has been moving in a small "Declining Wedge" pattern since January 2015 (within larger pattern) having support at US$14.30 and Resistance at US$16.85. Decisive Breakout for 2 consecutive days, on either side of these range can give a move of US$2.0-US$2.50 in near future. As far as 1/3/5 minute charts are concerned, Silver is on verge giving bullish breakout from a "Declining Wedge" pattern within Large Double Bottom pattern having minor resistance around US$ US$15-15.20, which if violated with volumes may take Silver to US$15.68-US$15.70. On the bearish side, support exists at US$13.90 and breakdown from this support will open gates for target of ....... ......... For Paid Subscribers Only ......... ......... which may be achieved in coming days/ weeks.
Astrologically - Details are reserved for Paid Subscribers only.
NATURAL GAS Continuous ($2.6050)
Technically, as far as daily/ weekly charts are concerned, Gas had made a bearish "Multiple Tops" pattern with Tops made around US$4.50-US$4.55 and valley support around US$3.9, which was violated in Feb 2014. Natural gas has been declining since then, making Lower Ops & Lower Bottoms on in daily charts and it gave bearish breakdown given bearish breakdown from an important pattern in weekly charts which was under formation for last 26-28 months having support at US$3.55, which is already violated with good volumes and likely to target US$2.25-US$2.50 in coming weeks/ months. On the positive side, Natural gas is already highly oversold after decline from US$6.30 (Feb 2014) and it is likely to bounce back to US$3.85-US$4.00 in coming months. Coming to Extreme short Term Charts (1/3/5 Minutes), there is No Change in Technical Set-Up. Natural Gas has been trading in a "Symmetrical Triangle" pattern for last 3 months, having support at US$2.65 and resistance at US$2.95. Decisive breakout on either side with volumes can give a move of US$0.30-US$0.35 on the breakout side. - (From 240915)
Astrologically - Details are reserved for Paid Subscribers only.
USDINR Continuous (65.8582) - Technically, in medium/long term charts, USDINR made a "Life time High" at 68.80 in August 2013 and started declining to make a low of 58.25 in May 2014. For last 15 months, USDINR is making a kind of "Inverted Head & Shoulder Pattern" with neckline resistance around 63.80-64.25, which if violated with volumes may target 68.50+ in coming weeks/ months. As far as EST Charts (1/3/5 Minutes) are concerned, USDINR, has given bearish breakdown from a small "Rounding Top" pattern having support at INR66.00-65.95, which is already violated to take USDINR to 65.25-65.35 in next few days.
Astrologically - Details are reserved for Paid Subscribers only.
Disclaimer : The Technical and/or Astrological analysis provided in this newsletter is for the purpose of education and guidance of investors and traders. The information provided herein is not to be construed as an offer to buy or sell securities of any kind. Any information, analysis, recommendations, opinions and suggestions are given with the understanding that readers acting on this information assume all kind of risks involved in trading and investment. Under no circumstances, Analysts / Astrologers will be liable for any loss, profit, special or consequential damages that result from the use of the contents in this newsletter. Trading in stocks is a high risk activity which can wipe off more than your entire capital. Trade at your own risk only with adequate research and judgment.
Disclosure: Analysts/Astrologers associated with this website do not have positions in any of the recommended stocks.
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