Looks can be deceptive.. review of intra day indian stock market prediction Monday October 3,2005

We made a Intra day Prediction for Sensex for October 3,2005 ( monday) based on a truncated model and hence classified as high risk

" Sensex likely to see a significant fall/correction around mid -day to afternoon but is likely to recover in the afternoon. "

Review: What actually happened. ( link to Actual prediction )

There was actually no trade in most of the flat portion of the graph above and hence fall from just after 11 am was almost continous and not flat ( please note this graph from Yahoo is not complete). There have been changes in trade timing at BSE & NSE due to Sun outage with no trade between 11.25-12.05 and that affects the shape of graph and also concept of terms like mid day, afternoon etc. Keeping this in mind we can see that sensex underwent a correction/fall of over 45 points between 11 and 12.45 and thereafter recovered/rose significantly. So inspite of a truncated ( shorter version) of the model and imperfect prediction , there were profit making opportunities based on this tip.

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Read our weekly & monthly sensex prediction, also scrip wise weekly and October F & O predictions and success of our past predictions. Just scroll down