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

sensex is now down over 100 points, almost 200 points from day's high and from the point from which shortng was recommended in first stage ( +300 points -see weekly prediction below). Hence this is now profitable with possibility of higher profit later in the day and tommorrow.

 

Long position on index should be postponed till wednesday June 3

 

June prediction may be posted in next 48 hours

 

 

 

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.