FAIL SAFE INDICATOR for Nifty Technicals for 23-Mar-2012

Nifty trin (Daily):.1.29
Support:.5200, Resistance/Tgt:. 5350

Previous Trading day's Trading Range:.180 pts
Daily Average Trading Range (10 days):107 pts (+10 pts)

Wish u a Happy Ugadi, Gudi padva and Cheti chand.


Daily Nifty Technicals Snapshot:

Term Ugadi:

 The word Yugadi can be explained as; 'Yuga' is the word for 'epoch' or 'era', and 'aadi' stands for 'the beginning'. Yugadi specifically refers to the start of the age we are living in now, Kali Yuga. Kali Yuga started the moment when Lord Krishna left the world. Maharshi Vedavyasa describes this event with the words "Yesmin Krishno divamvyataha, Tasmat eeva pratipannam Kaliyugam".

Kali Yuga began on February 17/18 at midnight in 3102 BC.

 The festival marks the new year day for people between Vindhyas and Kaveri river who follow the South Indian lunar calendar, pervasively adhered to in the states of Andhra Pradesh, Karnataka, Maharashtra and Goa.

This calendar reckons dates based on the Shalivahana era(Shalivahana Shaka), which begins its count from the supposed date of the founding of the Empire by the legendary hero Shalivahana. The Satavahana king Shalivahana (also identified as Gautamiputra Satakarni) is credited with the initiation of this era known as Shalivahana. The Salivahana era begins its count of years from the year corresponding to 78 AD of the Gregorian calendar. Thus, the year 2000 AD corresponds to the year 1922 of the Salivahana Era.

In the terminology used by this lunar calendar (also each year is identified as per Indian Calendar), Yugadi falls on "Chaitra Shudhdha Paadyami" or the first day of the bright half of the Indian month of Chaitra.This generally falls in the months of March or April of the Gregorian calendar.

In 2011, Ugadi falls on April 4. Lunar calendars have a sixty year cycle and starts the new year on Yugadi i.e., on "Chaitra Sudhdha Paadyami". After the completion of sixty years, the calendar starts a new with the first year. Yugadi (start of new year) is based on Bhāskara II lunar calculations in 12th century. It starts on the first new moon after Sun crosses equator from south to north on Spring Equinox. For example, the time for the new moon for Bijapur where Bhaskaracharya was born.However, people celebrate Yugadi on the next morning as Indian day starts from sun rise.

Symbolic Eating of a Dish with Six Taste:
 The eating of a specific mixture of six tastes called Ugadi Pachhadi in Telugu and Bevu-Bella in Kannada, symbolizes the fact that life is a mixture of different experiences (sadness, happiness, anger, fear, disgust, surprise) , which should be accepted together and with equanimity through the New Year.

 The special mixture consists of:
 Neem Buds/Flowers for its bitterness, signifying Sadness
 Jaggery and ripe banana pieces for sweetness, signifying Happiness
 Green Chilli/Pepper for its hot taste, signifying Anger
 Salt for saltiness, signifying Fear
 Tamarind Juice for its sourness, signifying Disgust
 Unripened Mango for its tang, signifying Surprise (Source Credit: wikipedia)