TCD date in May 2014

TCD changing dates in May 2014.

1. 2nd (Fri) /5th (Mon) H/J
2. 9th (Fri)/12th (Mon) S/J
3. 15th (Thu)/16th (Fri)/19th (Mon) H/T
4. 20th (Tue)/ 22nd (Thu) S
5. 25th (Sat) M
6. 30th (Fri)/30th (Fri)/31st (Sat) J/M/S

Cardinal Dates: 9th May and 24th May

Mercury Out of Bounds on 10th May 2014.

In addition

5/1: DOW geocentric Nodes 72°/36°

5/2: Mars enters Scorpio

5/10: Saturn-Earth Conjunction

Lunar Dates

Full Moon 14th May Wed 

New Moon 29th May 

RMA update 1 HR 30 Apr 2014

RMA 1 HR update

NLMA trend has given bearish signal. RMA Minor is also below 40 levels.

TCD date is 30th May 2014.

Daily update 24 Apr

Nifty index bounced during first half of day but declined slightly in the second half. We expected first half bounce but the sideways move in second half raises lot of question about the rally.

Hourly RMA minor has declined again.

Worth noticing is the Supertrend MTF which major trend still bearish.

Trend is surely showing signs of weakening in major trend change window of 22-26th Apr.

RMA 1 HR 22 Apr update

RMA 1 HR update

Nifty index closed flat with RMA minor declining slightly. Index is in bullish state so some bounce can be expected.
Daily RMA is in bullish state as it is bouncing from 60 levels.

Now we are entering the major time window of 22-26th Apr.

RMA 1 HR 22 Apr update

RMA 1 HR update

Nifty index broke out from upper band and RMA on hourly charts crossed 60 levels.

Nifty index low on 16th Apr 2014 was 6665.15 --> 666.515.

This was clue for low in place.
We need to watch if RMA minor stays above 60 levels for next days without declining. This will indicate future trend.

RMA 1 HR 17 Apr update

RMA update 17 Apr

Index gave bearish signal y'day and selloff continued today. Hourly chart are still in bearish trend.
Nifty level to watch is 6650-6690 for spot.

RMA 1 HR 16 Apr update

RMA update 16 Apr

Chart speaks for itself. Trend line signaled downtrend.

If index closes below today's low then it will be bearish signal while if we bounce then 6780-95 will be resistance levels.

Till now in this rally index has bounced next day whenever it has touched lower hourly band.