Thursday, July 29, 2010

Review: US Market (July 27) & Indian stock market(july 28)

Prediction posted on Twitter

1. US market (July 27): Buy at -30 and -60 for remarkable rise in
afternoon when dow jidex was down -6 points. (day chart not
available- see yahoo for weekly chart for verification). DJI rose
about 70 points in afternoon after hitting the first of purchase
target before noon (-30)


2. Indian Market (July 28 see intra day chart): Buy nifty calls when
nifty hits -7 and -15 for profit before mid day. nifty hit lower
purchase target and rose by afternoon shortkly after mid day almost 19
points. Second part of prediction was to buy puts at 1 pm for sharp
temporary correction. Markets corrected sharply around that time- a
maximum fall of over 50 points.

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