Weekly prediction- Indian and US markets ( Juneen 15-19)

Prediction for Indian and US stock markets for the week - June 15-19


1. India

Main indices may gain on weekly basis but after a strong correction that is possible during mid week.Volatility may be particularly marked towards end of the week.( it may be a good idea to day- trade only)

a. strategy 1 ( high risk)- short index on Monday and Tuesday in two equal lots on gain of 300 and 600 points from last week's closing and hold maximum till Thursday

b Strategy 2: take long position of correction of 300 and 600 points during midweek in equal lots

Stocks: Go long on RIL and short HDFC( stock specific predictions carry higher risk)

2. US

US market will also correct strongly but on most days bounceback from such corrections. ON our Kaching trading account ,short positions will mostly be carried over to next trading day and squared off during corrections while long positions created upon any strong intra day correction will be squared off on same day

Disclaimer: Usual risk and responsibility disclaimers apply

Prediction of T20 cricket match between India and England posted on http://www.ckal.in/ . Also read prediction of NBA finals 2009 5th game