Review of September 02, 2005 Intra Day prediction

Our Intra Prediction for Friday September 02, 2005 was (Link to full Sensex Prediction September 02,2005)

What We Predicted:

"Today’s trading is likely to show strong volatility. Morning session may see weak start or profit booking but by mid day ( approx) strong recovery/rise is possible. Last session ( late afternoon ) may again see a sharp fall (possibly ) followed by recovery"

What happened:

Review: (See Intra Day sensex chart above.) Sensex swung over 90 point range changing directions most prominently in morning session where we predicted "proft booking" followed by strong rise/recovery. Late afternoon session however saw only mild correction ( 30 points) and recovery.

Review of Experimental Scrip wise Prediction

See full scrip wise Intra Day prediction by clicking here: Scrip Prediction

In all cases by following the scrip wise prediction profit would have been the outcome. Though in case of BHEL,ONGC and ITC "buy with a delay" rather than "buy in morning" would have got more profits. In all cases where we recommended " Sell in morning" and then reverse position later ( i.e buy) Profits would have been made in both sectors of the strategy ( Sell and again buy) . This dual strategy would have worked for Ranbaxy also but we only recommended "sell" ( single strategy)