Nifty moved more or less in line with our expectations this week, from July 30 till August 02,which is yesterday.As anticipated the Full Moon coupled with a Moon star day had applied the brakes on a good up move which began on Monday, this week beginning, on July 30.
Saturn and Mars have their declinations crossing each other`s today, August 03.Today also happens to be a Mars day. So the negativity could be expected to continue.We are already witnessing the effects of the impending Saturn Mars conjunction-Train accidents involving fire, widespread power black out,riots,low intensity bomb explosions and restive mobs everywhere.
See the chart below:
Since Mercury is retrograde, Nifty could not quite reach the price targets expected of her.Instead of reaching 5258 zone, she turned down from 5246.
Red transparency indicates this week`s movement.