Market (Sensex, Nifty) predictions for 16th February, 2009

From 09:55 to 10:20, the average of the day may be inclined towards the downward side. It’s a phase without any directions.
The possibility of a rise in Nifty cannot be ruled out from 10:20 to 11:55. There may be presumptions that the budget may have something good in store; Nifty may not get any specific direction.

Between 11:55 to 12:55, one will be able to view the effects of recession on the market. But friends, be very cautious today.
From 12:55 to 14:15, expectations that the market may move towards the positive side may result in a marginal rise. There are chances that you may get stuck at any interval.

There may be few fictitious jumps in the market from 14:15 to 15:30. It may rise and fall without any specific reason. Hence, this phase is very crucial for intraday traders. So, Ganesha advises you to keep away from the market.

Gujarati