Ganeshaspeaks: Market prediction for Feb 28

By Shri Dharmesh Joshi

You might have got the dates of high volatility and wide fluctuation for the month of March-11.

Right from 1947 till 2010 various governments have presented 80 budgets. This is the 81st budget session.

Ganesha has studied 23 of the latest budgets and noted that the budgets have been presented 9 times when moon was in a fire sign, 4 times when it was in a earth sign, 6 times when it was in a air sign and 4 times when it was in a water sign.

Today moon is in the Purvashadha Nakshatra of Sagittarius which is a fire sign. In the past when P. Chidambaram presented the budget 27-07-1996 the market remain down (-1.8%) and the subsequent day again the market remain down (-1.2%).

Of the 23 budgets studied by Ganesha, the market trend on the day of the budget was positive 11 times and negative 12 times.

Subsequent to the day of the budget the market trends remained positive 9 times and negative 14 times.

This time around moon is eclipsed due to conjunction with Rahu on the day of the budget and it is Maha Shivratri on 02-03-2011. Ganesha advises you to avoid a long or short position and work only on stock specific delivery basis.

The market will remain very volatile on the day of the budget presentation and hence it is profitable not to do anything.

Overall the day is such that you will feel that your mind has blanked out. Without the capability to accept deliveries Ganesha advises you not even to sit in front of the TV. Note how the overall market remain in the late evening news.