Review of Intra day sensex-nifty prediction for Friday May 18,2007

For Friday trading ( May 18,2007) we predicted ( on Thursday afternoon and Friday Morning)

"" Take advantage of any correction or weakness in markets in early trading session in morning as market may recover/zoom up thereafter. However late afternoon could be roller coaster ride. If you have made profit in first leg of trading by buying ( by mid noon-afternoon), a short position (sell) for smaller profits can be considered in afternoon. "

(Added at 9.06 am)- If markt opens strong, you can go short for a while though initial market behaviour may be zig-zag"

and the outcome as shown by sensex intra day chart for Friday May 18,2007 was

1. Sensex bounced back over 120 points from early morning fall
2. remained volatile and choppy through the day
3. As advised apart from (1) small profit opportunity existed in shorting index in afternoon