Indian stock market trends for the period 31-7-2009 to 6-8-2009

In the stock market trends posted on 27^th July 2009, it was stated as follows:

“For the period starting from Monday 27^th July and upto Thursday 30^th July, the market may remain under pressure, and may therefore fall. Nifty closing value of 30^th July may therefore be compared to the closing value of 24^th July. But there is an overall umbrella of optimism and that point must be kept in mind, at least for the coming days thereafter.”

We give below the closing Nifty values from 24^th July to 30^th July below, as a comparison.

Historical Data for S&P CNX NIFTY

For the period 24-07-2009 to 30-07-2009

Date	Open	High	Low	Close	Turnover (Rs. Cr)
24-Jul-2009	4525	4579	4505	4569	11502
27-Jul-2009	4569	4597	4528	4572	10388
28-Jul-2009	4573	4600	4529	4564	12576
29-Jul-2009	4566	4574	4421	4513	12501
30-Jul-2009	4513	4582	4474	4571	13129

Nifty closed 2 points higher on 30^th July 2009 as compared to the closing of 24^th July 2009. Please refer to the statement made on 27^th July which is reproduced below:

“But there is an overall umbrella of optimism and that point must be kept in mind…..”

The next period starting from 31^st July 2009 (Friday) and continuing upto 6^th August 2009 (Thursday) may therefore start with a lot of optimism. There may be positive enthusiasm initially especially on 31^st July 2009 as a result of positive global cues. But it may prove to be a short lived euphoria. The overall period may show fall especially when you compare the Nifty closing of 6^th August 2009 with the closing of 30^th and 31^st July 2009.

How to understand these trends

These are not forecasts for any particular day. They are broad trends which have to be understood as follows: For example trends may show that the market may remain firm between 5^th and 7^th January 2007. It does not mean that on all these days market will rise. Market may actually rise or fall on any particular day, but the net effect during this period may remain positive. Compare the closing Nifty rates of 4^th January 2007 (previous closing) and 7^th January 2007 (current closing) and in this manner you can understand these trends.

Liability disclaimer

These trends are based purely on astrological principles. Since astrology is subject to individual interpretations, Jyotishguru.com expressly disclaims liability and does not make any warranties on the accuracy or interpretations, which any one may make of these trends. These trends therefore have no legal or contractual significance. This disclaimer specifically indemnifies Jyotishguru.com, its employees, its associates and Mr. Deepak Kapoor, astrologer, for any loss, or loss of opportunity which anyone may incur. It is therefore suggested that you may consult your financial advisor before investing in the market. Jyotishguru.com expressly disclaims all warranties, implied or contingent, for making use of these trends, for incurring loss or loss of profit in any manner. No notice or advice to Jyotishguru.com will create any liability whatsoever.

If you are satisfied with these trends then please tell a friend or a relation. The wisdom of this ancient knowledge can benefit your near and dear ones also.