Market (Sensex, Nifty) predictions for 7th January, 2009

From 09:55 to 10:50, Nifty may open from the point where it closed yesterday or from the downward side, views Ganesha.

From 10:50 to 11:30, Nifty may lay on the bottom side. But, it may make a pyramid shaped graph so that you can exit. This phase will be beneficial if you be cautious. Otherwise you might miss a chance to utilize the good price prevailing in the market.

From 11:30 to 13:30, is a very beneficial phase. Nifty may fall, then rise and then again it may fall thus forming a ‘V’ shaped graph. If you know the tricks of the trade then you can make money.

From 13:30 to 14:30, there may be a movement in the base scrip but you need to be cautious. There is a possibility that Nifty may rise during this phase.

From 14:30 to 15:10, intraday traders may feel selling pressure.From 15:10 to 15:30, Nifty may rise a little but it is not of any use for you.



With Ganesha’s Grace,
Dharmeshh Joshi,

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