Market (Sensex, Nifty) predictions for 04th September, 2008
Be alert on September 10, 11 and 12 as Nifty may drop on these days. On September 10, 2008 the possibility of occurrence of some violent incident in Asia cannot be ruled out. Till 10:25, if Nifty opens in upward direction then exit the market. BTST traders should not trust the market much. From 10:25 to 10:40, there may be a swoop. Hence, relax and do not take any action. From 10:40 to 12:10, there may be chaos. Do not dare experiment with something new but keep yourself busy in jobbing. From 12:10 to 13:30, Nifty may try to touch the bottom. From 13:30 to 13:40, Nifty may rise, only for a period of ten minutes. But, in comparison to the previous phase, it is not a reliable one. From 13:40 to 14:25, Nifty may slowly pounce up. From 14:25 to 15:30, Nifty may rise and make you trade at that level. You may not win much gains. It is better to exit from the trading range with marginal gains in hand, if at all you want to trade.
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