Monday, June 24, 2013

Weekly Update: Medium Term Outlook

  1. CNX Nifty opened lower this week at 5820.4 (5907.9) made a lower high of 5863.4 (5931.65) , and made a lower low of 5616.85 (5683.1). It closed lower at 5667.65 (5808.4) for the week. The Candlestick shape was that of a break down candle.
  2. The RSI(14) jumped to 44 from 49, Remember it is being resisted at and around 70 level in both Weekly and Daily charts. Fast MACD has crossed it's signal line above zero. The Short Term Slow Stochastics is below it's signal line coming off from 80+ levels. Momentum indicators are generally hovering around their centerlines. The ADX reading for the week is 18.43, coming off from all time low of 9.48 registered for the week ending 7th Sept 2012.
  3. The Adjusted Volumes for this week were 8% ABOVE average. The OBV has slipped below it's signal line. The CMF continues below center-line around -0.2. While EMV indicates weakening downtrend.
    1. The The Pars Fortunae (POF) for this week lies in 27Cp03 in the Dhanistha Nakshatra Pada 2, the Nakshatra lord is Mars, and Pada lord is Mercury. The D9 Nakshatra is U.Phalguni This point is trine with Mars. The lord of the First house, Saturn is exalted in Libra, corresponding with the 10th House. In D9, Saturn is in it's own house. The Second House from POF is Aquarius, and it's lord Saturn/Rahu is friend's house in Libra corresponding with 10th House. The 5th house from POF is Taurus, and it has the POF-Nakshatra Lord Mars in an enemy's house and it's Lord is Venus is in a friendly house in Gemini corresponding with the 7th house. The 10th House has Rahu and Saturn corresponding with Libra. The Vimshottari Dasha calculated from POF, has Mars Mahadasha with Jupiter's Bhukti. Mars is in enemies housein D1 and debilitated in D9. Whereas Jupiter is in an enemies house in D1, and in a friend house in D9. To reslove this confusion we look in the D4 and there too Jupiterf is an enemies house.The Point of Speculation is at 00Cp00 trine with Rahu.
    2. In Rashi Chart, (D-1), Ascendent is in Cancer, and in Sagittarius in the Navamsa Chart (D-9). The lord of the first house in D-1 is Moon which is in 6th house corresponding with Sagittarius, with Paap Argala from Saturn, Rahu and Ketu and No Virodha Argala from the rest of the planets. In Navamsa Chart (D-9), Moon is in Virgo, in the Hasta Nakshatra, corresponding to the 10th house in D-9. The ascendent in Navamsa lies in Sagittarius with Capricorn as second house, whose lord is Saturn, and he is in his own house. The 5th House is empty in D1, and has Rahu, in D9, who is in an enemy's house. The 10th house has Ketu which is Conjunct with Indra Chapa. In Navamsa Chakra, Ketu is in the 11th house, whose ruler Venus is considered his friend.
    3. Vimsottari System indicates Mahadasha of Venus with Rahu's Bhukti. Let's examine the Venus's placement in various Varga Chakras. Venus is in 1st House of Self/Tanu in D-1 which corresponds with Cancer, while in D-9 he is in 8th house corresponding with Cancer, and in D-4 he is in the 7th house Corresponding with Cancer. In Hora Chakra, Venus is in Scorpio, in an enemy's house Corresponding with 2nd house. So Venus is not very well placed in all charts. Rahu is in 4th house corresponding with Libra in D-1, in 5th house in D-9, corresponding with Aries, and is in the same position in D-4 as well. While in Hora, Rahu is in the 8th house, corresponding with Taurus. This gives a malefic placements to the Bhukti lord. The overall placements of Mahadasha Lord and Bhukti Lord are weak in the context of money, trade and commerce. However, PAshadha Nakshatra is a fixed, and upward looking Nakshatra, which could be taken on it's literal meaning.
    4. Chandra Lagna As per Chandra Lagna (CL), the second house is Capricorn and it's lord is Saturn which is in 11th house from CL under the Shubh Argala from none, and Virodh Argla from Su, Me, Mo, Ju and Ve, Ve being the most advanced. But in Navamasa Chart, (d-9), Moon is in Virgo, and is the lord of the 11th House. The second house in D-9 has weakly placed Ketu, while the lord of the 2nd is in 11th in Cancer. This is a simple Dhan Yoga.
    5. The Chaturthamsa Chart (D-4) has ascendent in Capricorn with it's lord, Saturn in the same house. The lord of the second house Aquarius is Saturn which is sitting in his own house with full splendour, and it's Karaka, Jupiter is in the 6th House, in an enemy's house. The 5th house has benefic Yama Ghantaka Upagraha. and 10th has Malefic Indra Chapa
    6. The Penumblar Lunar Eclipse occured on 25th May at 9:23:11 AM at 9Sc46. In Chaturthamsa Chakra, Venus is trine with this point on Monday and Tuesday. In the Context of NSE, the coming week again looks lackluster and rangebound, with a negative bias initially which should begin to weaken from Wedensday. From Friday onwards, there is a strong likelihood that Nifty might regain it's Upward bias and might whipsaw - there is a likelihood that Nifty might form a short term bottom this week.
  4. It's pointless to anticipate supports and resistances in a Corrective market, but Nifty is likely to meet some definite resistance around 5830 and major supports around 5560.
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Sunday, June 16, 2013

Weekly Update: Medium Term Outlook

  1. CNX Nifty opened lower this week at 5907.9 (5997.35) made a lower high of 5931.65 (6011) , and made a lower low of 5683.1 (5869.5). It closed lower at 5808.4 (5881) for the week. The Candlestick shape resembled that of a hammer, for it to be onfirmed as a hammer, Nifty should close above 5908 this coming week.
  2. The RSI(14) jumped to 49 from 52, Remember it is being resisted at and around 70 level in both Weekly and Daily charts. Fast MACD has crossed it's signal line above zero. The Short Term Slow Stochastics is below it's signal line coming off from 80+ levels. Momentum indicators are generally hovering around their centerlines. The ADX reading for the week is 18.98, coming off from all time low of 9.48 registered for the week ending 7th Sept 2012.
  3. The Adjusted Volumes for this week were 4% ABOVE average. The OBV has slipped below it's signal line. The CMF continues below center-line around -0.2. While EMV indicates weakening downtrend.
    1. The Pars Fortunae (POF) for this week lies in 16Li24. This point is cojunct with Dhooma Upagraha at 15Li24. The lord of the First house, Venus is in a friends house in Gemini corresponding with the 9th House. First House also have Saturn and Rahu lurking. The second house from POF is Scorpio, and it's lord Mars is in enemy's house in Taurus corresponding with 8th House. The 5th house from POF is Aquarius, and it's Lord is Saturn is exalted in Libra corresponding with the first house. Since the Lord of the 5th is in 1st there is a Simple Dhana Yoga in this Chart involving Saturn and Venus. The Point of Speculation is at 18Sg48 trine with Ketu and IndraChapa 20Ar42 and 15Ar25 respectively.
    2. In Rashi Chart, (D-1), Ascendent is in Cancer, and in Libra in the Navamsa Chart (D-9). The lord of the first house in D-1 is Moon which is in a in Virgo, with Argala from Saturn, Mars and Rahu and Virodha Argala from the rest of the planets. In Navamsa Chart (D-9), Moon is in Pisces, corresponding to the 6th house in D-9 which makes it's placement as very awkward. The ascendent in Navamsa lies in Libra with Scorpio as second house, whose lord is in a enemy's house. The 5th House is empty. The 10th house has Ketu which is Trine with Yama Ghantaka. In Navamsa Chakra, Ketu is in the first house, whose ruler Venus is considered his friend.
    3. Vimsottari System indicates Mahadasha of Sun with Ketu's Bhukti. Moon is in Sun's House and let's examine the Sun's placement in various Varga Chakras. Sun is in 12th House of Expenses and Losses in D-1 which corresponds with Gemini, while in D-9 he is in 1st house corresponding with Libra, where he is debilitated, and in D-4 he is in the 9th house Corresponding with Gemini. In Hora Chakra, Sun is with Jupiter in Leo Corresponding with 10th house. So Sun is well placed in relevant money charts but not well placed in basic Varga Chakras. Ketu is in 10th house corresponding with Aries in D-1, in first house in D-9, corresponding with Libra, and is in the same position in D-4 as well. While in Hora, Ketu is in the 7th house, corresponding with Taurus. This gives a powerful placements to the Bhukti lord. The overall placements of Mahadasha Lord and Bhukti Lord are strong in the context of money, trade and commerce. However, UPhalguni Nakshatra is a fixed, and downward looking Nakshatra, which could be taken on it's literal meaning.
    4. Chandra Lagna As per Chandra Lagna (CL), the second house is Libra and it's lord is Venus which is in 10h house from CL under the Paap Argala from well placed Saturn and Rahu, and Virodh Argla from Mars as well. But in Navamasa Chart, (d-9), Moon is in Pisces, and is the lord of the fifth causing simple Dhana Yoga. Th second house in D-9 has weekly placed Venus and Rahu, while the lord of the second is weak in Gemini corresponding with the 4th House
    5. The Chaturthamsa Chart (D-4) has ascendent in Libra with it's lord in Pisces the 6th house, the Ripu House, alongwith the Mercury. The lord of the second house Scorpio is Mars which is in sitting in his own house with full splendour, and it's Karaka is in the 9th House. The 5th house has benefic Yama Ghantaka Upagraha.
    6. The Penumblar Lunar Eclipse occured on 25th May at 9:23:11 AM at 9Sc46. In Navamsa Chakra, Jupiter, Sun and Moon pass through this point on Wednesday. In the Context of NSE, the coming week looks lackluster and rangebound, with a positive bias initially which should fizzle out by Wednesday. From Wednesday onwards, there is a strong likelihood that Nifty might regain it's negative bias and begin to whipsaw - it might lack a definite direction.
  4. It's pointless to anticipate supports and resistances in a Corrective market, but Nifty is likely to meet some definite resistance around 5860 - 5900 and major supports around 5590 - 5610.


Monday, June 3, 2013

Weekly Update: Medium Term Outlook

  1. CNX Nifty opened lower this week at 5989.4 (6198) made a lower high of 6133.75 (6229.45), and made a higher low of 5975.55 (5936.8). It closed a tad higher at 5985.95 (5983.55) for the week. It was a gravestone doji following confirmed bearish engulfing which followed a Hangman Candlestick signaling possible change of trend.
  2. The RSI(14) remained unchanged at 56. Remember it is being resisted at and around 70 level in both Weekly and Daily charts. Fast MACD has crossed it's signal line above zero. Momentum indicators are beginning to get overbought - but seemingly have developed or are developing Negative divergences while Nifty is around major resistance levels. The ADX reading for the week is 20.57, coming off from all time low of 9.48 registered for the week ending 7th Sept 2012.
  3. The Adjusted Volumes for this week were 12% ABOVE average. The OBV is is kissing it's signal line. The CMF continues below center-line around -0.1339.
    1. The Pars Fortunae (POF) for this week lies in 27Ar23. This point is void of aspects. The lord of the First house, Mars is in an enemy's house in Taurus, the Second House. The Second house from POF is Taurus, and it's lord Venus is in an friends' house in the 3rd House from POF. The Second House has Sun and Mars Passing through it, both of whom are Enemies of Venus the Lord of the House. The 5th house from POF is Empty, and it's Lord is Sun is in Second House.The 10th House is empty -- Lord of the 10th House, Saturn is Exalted in Libra, in the Seventh House. Since the Lord of the 5th is in 2nd and also the lord of the first there is a Dhana Yoga in this Chart, but it is weak since all the Karakas are in Enemy Houses. 1 The Point of Speculation is at 25Sc54 void of any aspects.
    2. In Rashi Chart, (D-1), Ascendent is in 29Ge00, and in Gemini in the Navamsa Chart (D-9). The lord of the first house in D-1 and D -9, is Mercury which is in in it's own house in Gemini, with Paap Argala from Ketu, Rahu and Saturn. Virodh Argala from Moon, Mars and Sun. The placement of Ascendent is very powerful. Moon is well placed in Revati in the 10th house, a Kendra, and he's the Lord of the Second House as well; and Saturn ad Rahu are causing Paap Argala on it. Also the Lord of this Nakshatra is Mercury. The ascendent in Navamsa lies in Gemini with Cancer as second house, whose lord is Moon. The 5th House in D-1 has Rahu and Saturn in it. While in D-9, the 5th has Ketu in a friendly house with Jupiter for company. The 10th house has Uranus which is trine with Sun and conjunct with Moon. Mercury, Venus and Jupiter are conjunct with each other.
    3. Vimshottari System of Planetary Periods indicates Mahadasha of Mercury with Mercury's Bhukti. Mercury is in his own house in Rashi Chakra, and let's examine the Mercury's placement in various Varga Chakras. Mercury is in 1st House in D-1 which corresponds with Gemini, while in D-9 he is in 9th house along with friend and House Lord Saturn, corresponding with Capricorn, causing Dhana Yoga, and in D-2 he is in 12th house which falls in Leo. While in D-4 he is in his own house in Virgo. So Mercury is very well placed in all relevant divisional charts, except in Hora Chakra.
    4. Chandra LagnaAs per Chandra Lagna (CL), the second house is Aries and it's lord is Mars which is in 3rd house from CL under the Shubh Argala from the Moon itself, and Virodh Argala from Ketu . But in Navamasa Chart, (d-9), Moon is in Sagittarius, and Saturn in the second is in it's own house. 5th house of Fortune is occupied by Rahu, and 11th house is occupied by Jupiter with Ketu. In D-4, the CL is in Virgo, and Ketu occupies the second house while the Lord of the second is in a friends house in 10th. So Ketu is playing spoil sport in CL Charts.
    5. The Chaturthamsa Chart (D-4) has ascendent in Pisces with it's lord Jupiter, is in enemies house in Gemini with an enemy Venus which is the 4th house. The lord of the second house Aries is Mars which is in in sixth house corresponding with Leo (friend). IndraChhapa is in second House.
    6. The Penumblar Lunar Eclipse occurred on 25th May 2013 at 9:23:11 AM at 9Sc46. Mars would be in Hard aspect with this point on Wednesday. From an Astrological Perspective, the coming week doesn't look too bearish and obviously not bullish. It could be a week where important supports could breach but then nothing happens -- no violent breakdowns inspite of breach of important supports. However Nifty would remain Sell on Rises throughout week. A key High or Low (Probably a Low) could be formed on Tuesday or Wednesday
  4. Nifty would be rangebound between 5880 and 6074. Below 5850 it might gather negative Momentum. Nifty would turn Oversold below 5800
  5. As of now it seems to be a good idea to buy Nifty 6000 Puts PE with June 2013 Expiry, above 6030 Nifty Spot and remain invested in them for a while!