Thursday, August 11, 2011

Buy or sell for profits first thing on aug 12: BTST trade prediction Indian markets

Similar to US BTST prediction posted yesterday about first dominant movement in stock markets after markets open on next working day- we make a similar prediction for indian stock markets

sensex and nifty at about 1pm up about 41 and 7 points

BTST prediction: when the market closes today should you take long or short position for profits first thing in morning? First dominant movement especially in sensex on august 12 will be UP while nifty may be negative or movement less certain.Also stock like infosys,RIL etc show profits if long position is created at todays closing values


PS: we are talking of dominant first move- up or down.:"Dominant first move" may never happen in extreme ,rare cases and it may not happen for long time after market opens being confined to a narrow range for hours before a first big move.since whether number is attached or not, another possibility is that key indicies dominant first move may be in opposite direction-less frequent  but happens

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