Review: Indian Stock Markets -Prediction for June 1-5

See chart for the preceding week(june 1-5). ( In a weekly prediction mid phase of the week is somewhat imprecisely defined, includes wednesday,part of Tues and Thursday in a full 5 day trading week)

 

Both strategies followed exactly would have been profitable

 

Weekly Prediction as Posted on June 1(below)

 

The prediction for this week is similar to last week's- a correction till mid week followed by bounceback.

 

1. Short index at levels  of +300 and +6 00 until it becomes profitable by mid week.

 

2. Also and alternatively ( for risk averse) Long positions can be built  once correction materializes ( of 250 and 300 points ) which may give profits by end of week (thursday/Friday)

 

 

No other weekly prediction ( except possibly for US market) and no intra day prediction for June 1 for the  Indian market will be posted.