Review: Indian stock market predictions for the week July 6-10,2009

As seen in the weekly nifty chart,

 

1 Shorting and holding till wednesday was hugely profitable (also read july month prediction)

 

2. Going long on thursday would have given profits on friday as on all calloptions highest premium on friday was higher than thursday closing value.( rise of 50 nifty points on friday is dwarfed by sharp afternoon fall)

 

3.However trend inspite of all weekly choppiness and volatility was downward and best strategy would have been to short and hold till end of week

 

 

Weekly Prediction as posted last week (below)
 

Weekly prediction july 6-10 Indian stock markets

 

There is no clear upward or downward trend for the week . However Market( after a positive start) may correct strongly and then resume upward movement amidst intra day and intra week choppiness and volatility.

 

Short index(nifty/sensex)  and hold till mid week

 

Take long position not earlier than thursday since on friday markets may bounceback( at least on intraday basis)

 

read monthly prediction for july below

 

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