Ganeshaspeaks: Market prediction for Mar 31

By Shri Dharmesh Joshi

You must have received the graph for the month of April. Refer to it and take decisions accordingly. Avoid bank, Nifty, and Telecom sector, opines Ganesha.

As today is the last Thursday of F&O, there's no need to take any decision. Start preparing for next month's opening.

Today, Moon is in the Shattaraka Nakshatra of the zodiac Aquarius. Also, this happens to be Rahu's Nakshatra, thus, stock market may be direction-less today.

Today onwards, Mercury is becoming retrograde. Thus, pay special attention to banks, Nifty and Telecom. 19-04-2011 to 26-04-2011 can be called a crucial period.

The day does not favour hasty decisions; be calm and patient, and deal with planning.

Ganesha foresees a risk of loss if you trade in a hurry.

9:15-10:15, the time slot shows the following trend: Nifty may initially go down, then up and eventually come back to the original position. You can derive the same from the weightage (0.00)

10:15-11:50, Nifty may hover around the surface, slightly on the soft side.  (-0.02)

11:50-13:00, there may be a buying trend in the front-line shares. However, there may be a correction at about 12:45. (0.09)

13:00-14:00, Nifty may create tension, feels Ganesha. (-0.14)

14:00-15:30, overall, the trend is likely to be up, but there's a possibility of profit-booking in the end. (0.06)