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

The opening of the market may be from the downward side and then may stretch upwards. But, on an average it may remain flat. Till 11:45 it can be called as a time pass phase.

From 11:45 to 12:20, Nifty may continue the downward trend.

From 12:20 to 13:35, it is a boring phase and may even place you in dilemma. It may first move upwards and then downwards.

From 13:35 to 14:20, Nifty may catch the downward trend but keep it in mind that the average of the day is positive and take your position accordingly.

From 14:20 to 14:55, by Ganesha’s grace Nifty may jump once or twice, though the phase is small. But, do not just sit depending on this possibility. Book your profits when the market is towards the peak.

From 14:55 to 15:30, there is a possibility that the closing may be towards the downward side, at the end of the day and the week.



With Ganesha’s Grace,
Dharmeshh Joshi,

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