Review of Intra Day Indian Stock Market prediction: Septmeber 21,2005

For Wednesday 21,September 2005 our summary prediction was (Click for: Full 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."

Review: What actually happened

Strong correction and recovery is obviously visible as predicted for morning-mid session .Sensex displays (see chart above) at least three clear strong recoveries. 1. A fifty point rise in opening minutes. 2. 100 point rise/recovery around mid day and3. another nearly 150 point recovery after a fifty point fall following preceding recovery. "V" formation will be visible with closed eyes. All three strategies especially the last two would have fetched profits which are rare. Volatility does not need any mention.

We might mention the appearance of "Death" (card no 13) signifying virtual death,tranformation and resurrection fitted too well with today's sensex behaviour. As if that is not enough sensex changed by 13 points ( by coincidence the number on the Death card)