Review of Tuesday June 12,2007 Intra day sensex-Nifty prediction

At around 10.45 am we predicted

" Sensex at 10.45am is down over 44 points and nifty down about 19 points. While lower values of sensex-nifty are likely in next one hour, buy on further correction as market will rise temporarily by afternoon but fall again in late afternoon"

Review: See the nifty intra day chart above. Nifty rose high enough from 10.45 am level to give some profits and fell sharply to give even more profits on short positions as predicted.

However we failed to predict the sharp recovery in late trade

Starpundit

PS: Please note no prediction will be posted for Wednesday June 13,2007