Indian stock market trends for the week 20-7-2009 to 24-7-2009

Last week’s trend was indicated to be positive. The market finally understood the budget and its positive implications (as indicated in the previous post of 13^th July) and the market did rebound. The net gain of Nifty for the previous week as per the historical data given below was 371 points.

Historical Data for S&P CNX NIFTY

For the period 10-07-2009 to 17-07-2009

Date	Open	High	Low	Close	Turnover (Rs. Cr)
10-Jul-2009	4081	4130	3977	4004	8770
13-Jul-2009	4003	4003	3919	3974	7531
14-Jul-2009	3974	4129	3974	4111	7797
15-Jul-2009	4120	4250	4119	4233	8138
16-Jul-2009	4223	4305	4205	4231	10210
17-Jul-2009	4231	4390	4230	4375	9545

The trend of net gain in stock values actually started from 13^th afternoon and continues upto 22^nd July. Hence the next three days - 20^th to 22^nd July continues to remain in the uptrend slot. The market has actually risen substantially in the previous week and therefore some pressures may be evident. But the net trend of the period mentioned above upto 22^nd July as compared to 13^th July is still positive. In the overall period starting from 23^rd July and continuing upto 30^th July, however, the market may remain under pressure. In this period initially the market may show some resilience and may not fall as much, but in the subsequent week starting from 27^th July and continuing upto 30^th July, the market may have to face selling pressures.

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 or in any manner. No notice or advice from any customer 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.