I took months charts of Nifty to explain such movements
Chart shown here is the 2 year monthly chart of Nifty
There is a thumb rule that when ever there is a huge gap formation between the EMA line and the closing of the candlestick then the candle will more likely to move towards the EMA line. Which is clearly evident from the Nifty monthly charts as shown in boxes. Here I took 5 EMA line as my reference.
During the end of OCT 2008 the gap between the 5EMA line and the closing of the Nifty montly canlde is almost greater than 1000 points in nifty. From OCT 2008 onwards still nifty is striving to touch the 5 EMA line and it succeed in touching the line during the month of JAN 2009 which gives us consolidation type of appearence on the charts. And now the gap between the 5 EMA line(3028) and the Nifty monthly candle is (3028-2763= 265).
And now the only question remain is will the 265 gap in nifty will be filled in this march or the gap will widen more. I have answer to only one question. If there is any such gap formation in this march then sure nifty will try to move towards the 5 EMA line once again which is a clear buy signal for the April 2009
Now its easy to relate 5 EMA line with Gravitational force. If the financial object tends to fall either side of the 5EMA line then the object should return towards the gravitational rope.
There is a consolidation in nifty. But there is a huge runnup in auto stock for the past three months. It sounds little funny. But 5 EMA monthly chart for Auto Sector have suitable answer. Look this month we have to be very careful with Auto stocks
Hexaware and WWIL: Possibly a manipulated Technical Move
Hexaware and WWIL Both the stocks almost doubled in recent times in just few sessions.The big move caught market men off-guard and saw dealers desperately tapping into the market grapevine for clues. But now it is clear that the movement in Hexaware and WWIL possibly a manipulated technical move as per the 5-EMA Gravitational Concept