Review of Intra day Sensex prediction Monday September 17,2007

For Septmebr 17 ,2007 we predicted soon after market opened

" Sensex now up about 48 points. The market will experience intra day correction but zoom up in late afternoon. Recommended time of buying around 2-.230 pm No closing level/direction of sensex is implied by this prediction"

Review: As is clear the intra day correction occurred followed by over 100 point bounceback ( 100 points rise in afternoon looks small relative to magnitude of correction from day's high in the morning) from day's low which started around 1.45 pm ( as opposed to our time of 2-2.30 pm). However this recovery could not be sustained - someting which we did not predict. Overall a profit making prediction.