Market (Sensex, Nifty) predictions for 22nd January, 2009

Ganesha reminds you this day of the last year and informs you about the extent to which the market has gone down. Till 10:15 the market may remain towards the downward side. But,the average is positive. Hence,Ganesha advises to reconsider your decision to short-sell.

From 10:15 to 11:25,there may be a little improvement in Nifty.

From 11:25 to 11:55,F&O and call-put traders will try to save their position and assets. Hence,be very cautious while engaging in intra-day trading. Nifty may fall but only upto a certain extent.

From 11:55 to 13:55,Ganesha foresees that for half an hour the heavyweight traders will trade without any restrictions. Nifty may remain volatile during this phase.

From 13:55 to 15:30,there may be buying pressure in the market. Ganesha advises the mutual fund and FII traders to avoid taking any action. It is a time pass phase.



With Ganesha’s Grace,
Dharmeshh Joshi,

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