Review of Distant Day IntraDay Sensex prediction for Friday Oct 21,2005

Remote Day Intra Day Stock Index Prediction Experiment Series no 5

Our summary prediction for Friday Oct 21,2005 (posted on morning of 18 october (tuesday)) was

Link to Actual Prediction& Strategies

"After a (sharp) dip/correction in the morning sensex is likely to make good recovery/rise during the mid session ( 11.50 am- 1pm approx) .However last 100 minutes of trade is somewhat uncertain and possibly contains the real action. Indications are that there will be a sharp fall during the last session"

Review: How the day turned out

First part of the prediction was reasonably accurate though rise came somewhat earlier. As indicated the real action came in the last 100 minutes or so - trading period of which we were uncertain. Sharp rise and not a sharp fall followed. Thankfully it helped to salvage our weekly prediction (see above). Both recommended strategies would have given good profits.