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.



With Ganesha’s Grace,
Dharmeshh Joshi,

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