Review of Indian Stock Market &scrips weekly prediction for 0ct 3-7,2005

For the week of Oct 3-7 we predicted

Link: Actual prediction

sensex-week 0ct 3-7,2005
Originally uploaded by starpundit.

This week sensex likely to end with gains. End of week may see strong correction and bounce back"

Review What really happened: Market ended with losses not gains. However we predicted strong correction by end of week which occured mostly on Thursday and Friday.

We also predicted for this week as part of our second experiment gains for ten scrips during the week or overall gains. All ten scrips gained udirng the week though obviously "only during the week" and to different extents. The reason for putting together all ten scrips under "overall gains in the week /during the week" was the strong correction we mentioned in our weekly prediction above and hence cards did not indicate if any bounce back will compensate for losses during correction. Link to Scrip level prediction. Also see October prediction.

For the ten scrips the first figure is closing value of last week ( friday, september 30) and second value is highest value attained during the week Oct 3-7 ,2005 ) for each scrip. You can see many scrips gained significantly during the week but not on a week to week basis.

Infosys (2515,2664), Reliance (793,860?), ICICI bank ( 602,615), ONGC (1061,1100), ITC (136,148?), Tisco(423,456), SBI(938,960), TCS (1482,1638?), L&T(1518,1599), Tata Motors ( 534,577)

The prices with "?" mark I have some doubt whether those values were attained during this week. But without doubt all scrips gained during the week.