Nifty has clearly fashioned a decrease prime at 11618 in comparison with the earlier prime of 11794 and what’s extra, it has breached swing lows of 11185,11111  and 10882 on closing foundation. This was accompanied by heavy and sustained FII Promoting.

The query uppermost in our minds is has the rally from March 23 2020 ended? Or is that this a wholesome correction from which the Index turns again once more and scale new highs of 12,000+?

Allow us to take a look at astrological indications and see whether or not there are some signal posts for us pointing a course into the longer term.

Within the put up for the week of  September 14th, we had indicated how Ketu`s entry into Scorpio sparks off a  correction from excessive ranges. 

Allow us to look at a pair extra long run facets to see if there may be any correlation with our understanding from Ketu`s motion.We take a look at gradual shifting planets solely as a result of they’re the pattern setters for long run pattern adjustments.  Ketu is a gradual shifting planet.

  Purple dotted vertical traces are the dates when Jupiter and Neptune have been 60 levels aside.

Market prime was fashioned round February 20 2020, and July 27 noticed a continuation of the rally from March 23 backside.Jupiter and Neptune will kind a final sextile side this October 12. In reality the shadow impact shall begin from October 02 itself.

How did this side fare up to now?

In 1973 in a declining market attributable to the oil disaster, we had three stations of this side as proven above. Market fashioned an vital secondary prime between second and third side earlier than declining additional.

We see the identical sample in 1968 -1969.Secondary prime between second and third side earlier than an even bigger decline.

In 1955-1956, it was much more spectacular. The bull market from September 1953 ended between the second and third facets of Jupiter-Neptune sextile.

Our Nifty can be between the second and third facets of Jupiter Neptune sextile and has seemingly fashioned a secondary prime. So this side is suggesting the chance of the Bear market persevering with past October 12, 2020.

Now allow us to take a look at the black dotted vertical traces. They’re the dates of Jupiter Pluto conjunctions in 2020.April 07, June 30 and November 12, 2020.The primary was fashioned simply after a crash backside, second throughout a robust upthrust and the third continues to be awaited.

Allow us to take a look at historical past..This can be a very uncommon facets..three Jupiter Pluto conjunction in shut proximity and so we needed to journey again fairly a bit.  

In 1955-56, we see the market forming an vital prime between second and third side, a retest after the third side after which a decline into 1957 

Long run decline of 1955 56 is far clearly seen right here.

So all three facets Ketu shifting into Scorpio, Jupiter sextile Neptune and Jupiter Pluto conjunction all level to extra declines within the speedy future for Nifty

One other notable and vital side in 2020 is the facets fashioned by Mars with the outer planets.

Between March 20 and 31, Direct Mars conjuncts with Direct Jupiter, Pluto and Saturn, proper on the time band when the falling market varieties a backside.

Between August 04 and August 24, Direct Mars varieties sq. facets with Jupiter, Pluto and Saturn the place all three are retrograde. Inside 5 days of those facets, market kind s an vital prime on August 31, 2020.

Between September 29 to October 19, 2020, Retro Mars will kind sq. facets with Saturn Pluto and Jupiter that are all Direct.We count on an vital low to be fashioned round October 19.

The final side shall be between December 23 to January 25, when all of the planets shall be direct.

On a extra speedy scale, this week we’ve got Saturn and Pluto each going Direct. This correlates to a crest or prime formation within the week of October 05 and a trough formation within the week of October 12.

Most significantly, this side of Mars-Saturn sq. is occurring when Mars is conjunct with Ketu in Navamsa. Don’t let your anger or frustration or disappointment to have an effect on your buying and selling or residing.Not time to begin any new exercise.

Trying on the technicals of Nifty, 

Nifty ended its up-cycle of August 03 on 09th September after 27 days.We are able to see how the brand new cycle is bearish.

1. It couldn’t take out the 11794 prime of earlier sub cycle.

2. It broke the swing backside of 11185 of the earlier cycle.

3.Whereas the upmost from ninth September took 5 days to maneuver from 11185 to 11618 ( 413 factors ) it broke this up-move in simply two days ( quicker retracement ).The cycle has already moved six days now and solely now’s exhibiting indicators of a short lived backside.

So the primary sub cycle on this new cycle has doubtless ended on September 24 and we’re within the subsequent bearish sub cycle. Bear in mind in bearish cycles, upmoves shall be  quicker however shorter and down-moves shall be extra extended. 

Nifty has taken help on the 200 SMA.First hurdle shall be 11173 to 11185.If that’s achieved then the following upward goal is 11292 to 11298;If that’s achieved then the ultimate goal shall be 11410 to 11460.A response may kind from any of those ranges. So be vigilant and take earnings shortly.

We is not going to be protecting every other index or commodity this week.

All one of the best!