Review of Intra Day Sensex Prediction by Tarot ( September 09,2005)

Review of Intra Day Sensex Prediction : September 09, 2005

We Predicted ( Link to Full Intra Day Sensex Prediction)

"Sensex likely to take a big dip around mid-day( or a bit earlier) but will make (smart possibly) unsustainable recovery thereafter"

Review: As predicted the sensex took a dip of around 35 points around mid day(not too big a fall!) but recovered smartly to near original high of 8070 before dropping over 40 points (unsustainable recovery) but Sensex again did an encore of preceding hour or so ( rising and falling ) which we did not predict. (See Intra Day Sensex chart Source: Yahoo India)

We thought market will open positive and the drop from there but the drop we anticipated in morning was already built in the market opening. Hence strategy 1 was not warranted as it was meant to be applied only if market opened positive. Strategy 2 was fine as market did rise after the mid day drop.