This despite Mercury being in Saturn star.Also we are on to a New Moon. Tomorrow also the market is liable to turn down, because of Mercury. For example today despite Saturn being favorable, because it was afflicted with Mars,the market did not go up. Moreover, this has to be correlated with the daily movements. Price has to confirm with its movements in the expected directions. Now the expectation is that we may have a dip from around the current levels ( 5401 was a previous top)-and then move upwards in a C wave.Then we have a period of congestion, where prices move down lower, before a final burst upwards. Levels of 5032 which the market reached earlier is the dip which we had expected. In other words, if we expect the market to fall, let the price weaken below an immediate support first.And always trade only with stop losses. So while we try to understand the market movements through astrology, let us take positions only when we get price confirmation. So Iam also projecting observations in Western System. As a trader Iam only interested in knowing what works. Out of the Indian systems ( there are several!) Iam using KP Astrology.I find that several in-depth research has been conducted by Western Astrologers. In the meantime Iam also experimenting with various types of Astrology. Iam beginning to see correlation happening, but we have a lot to understand to make it a perfect system.
If those match with the astro readings then we can be somewhat more confident of the immediate moves of Nifty. So I have chosen the Neo Wave Method propagated by Glenn Nealy.This method helps us to project price lines and immediate price movements. There again, the wave counts are subject to several kinds of interpretation. Of the various tools available, most are lagging indicators.One reasonably good tool is Elliott Wave Theory. In the meantime, how should you use such information? We use technical analysis. We are yet to perfect a methodology on knowing what could be the approximate extent of the fall.Iam sure very soon we will have some method to know that. My take is correction could gather steam next week.
Yes, the astro set up is hinting at some correction.
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