Review of sensex prediction for april 16,2007 and ICRA

Review of sensex/nifty prediction: We recommended a "Sell" on strong opening of market and buy in late noon as we expected the market to recover /go up after hitting a low during mid day.

Our prediction was off the mark as expected profit booking did not occur though market did go up in late day.Please note this prediction was classified as high risk

In one of our prevous posts before day(see below) of listing of ICRA we said ICRA will continue to go up for a few days after a lull or fall. We maintain ICRA might go up further for one of two days more.