Intra day Indian Stock Market Prediction for Wednesday Sept 21,2005

Sensex Intra day Prediction based on Tarot cards

Wednesday ,September 21, 2005

Tarot Prediction: Today’s prediction classified as high risk

Prediction

"Sensex likely to display good rise/recovery at least twice during the day amidst volatility. Any negative opening or correction in morning is likely to followed by recovery. Secondly a strong correction /dip followed by strong recovery may span the first 10-11.50) and second session ( 11.50-1.40pm approx Thus a clear V formation may be observed in late morning-mid session and possibly again in the late afternoon. Hence a strong resemblance to shape of intra day chart of last two days.

Wednesday 21 September 2005

These predictions will work best for indices and basket of stocks strongly correlated with Sensex ( e.g Nifty)

Possible Intra day Strategy(ies):

1. Go long in the morning after a possible correction in morning with trailing stop loss.
2. Go short (sell) if market quickly opens or climbs up strongly in morning with trailing stop loss
3. Go long ( buy) on any strong correction/dip around mid day with trailing stop loss

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