Market (Sensex, Nifty) predictions for 12th June, 2008

Ganesha advises you to remain largely inactive. It seems that the most dreadful day has come. Till 11:00 Nifty may remain at the level of yesterday’s close, which may not be of any use to you.

From 11:00 to 12:00, Ganesha feels that there may be good buying.

From 12:00 to 13:10, Nifty may remain down when compared to the above mentioned period.

From 13:10 to 14:05, there may be no energy in Nifty. Leave trading and move out with the profits you have earned till now.

From 14:05 to 15:05, Nifty may experience one sided movement which may be upwards. But Ganesha feels that it may be a lousy day today.

From 15:05 to 15:30, if you have kept the stop loss till the end of the day, then you may dare move upwards. But its a short phase so Ganesha should not be blamed if it doesn’t come.

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