Market (Sensex, Nifty) predictions for 20th August, 2008

Ganesha finds this day better in comparison to the previous day. Avoid taking any action till 10:10. Wait till the opening of Nifty and do not take any decision immediately.

From 10:10 to 10:23, though this a short phase, Nifty may try to catch an upward trend steadily.

From 10:23 to 11:05, the graph of Nifty may take the form of the alphabet ‘V’. But, the inclination of the graph depends on the previous phase.

From 11:05 to 12:01, Nifty may face turmoil and go downwards. Be cautious and don’t blame your luck if you face losses.

From 12:01 to 14:21, the market phase is worst. So, Ganesha advises you to not to indulge in any sort of trading

From 14:21 to 14:35, if you have set an upper limit for trading then you may cross this limit. But, consider this in comparison to the previous phase.

From 14:35 to 15:30, Nifty may play a one sided game. Don’t wait to book profits till the market closes, advises Ganesha. It’s better to exit from the market gradually.

Gujarati