Ganeshaspeaks: Market prediction for May 13

By Shri Dharmesh Joshi

This week you may be faced with a dilemma - 'What to do next?'  There's a heavy/ strong reaction in the market, which may be the result of triggering of margin-calls by a lot of people and may be a slightly negative news. This news is likely to be the one that existed in the past too, but probably had not garnered a similar reaction at that time. You may be baffled then, as to why is it generating such reactions now? Technical, psychological, sentimental - all these factors shall be on your mind.  Ranbaxy, R-Comm, R-Power, R-Infra, Reliance Capital - all those names beginning from 'R' had experienced a lot of pressure on Thursday.  We had earlier predicted that the opening in intra-day would be negative, thus there were some monetary gains due to intra-day's prediction. However, despite the daily weightage being positive, the market remained negative. Thus, you may be thinking, as to what can be done next? Ganesha is warning you in advance to be cautious between 09-05-2011 and 20-05-2011. So, be careful and before doing intra-day, do not deal/ trade before checking the strength of delivery. If you think this has been the worst period, then Ganesha would like to inform that the worst is yet to come from 26-06-2011 to 7-11-2011. This has been as per a major point
of view, and may be a big cause of concern. Today don't divert your attention from the television or the terminal. Otherwise, you may regret. 10:00, 10:45, 12:45 - all the three timings may be on the down side compared to previous time. Be cautious during this period.  Ganesha believes that taking an astrological view along with technical and fundamental views seven days in advance may help you in taking proper decisions, and cut your losses.   9:15 to 9:45, there are chances that Nifty will remain up. 9:45 to 11:00 is a highly unproductive time slot likely to cause a lot of confusion. Nifty may remain down. 11:00 to 12:45, Nifty may remain up.