Indian stock market trends for the period 20-8-2009 to 21-8-2009

In the previous blog post dated 18 August 2009 it was stated as follows:

“The market may remain weak in the absence of any appreciable support.”

We give below the actual movement of stocks on 18 August 2009 and 19 August 2009.

Historical Data for S&P CNX NIFTY

For the period 17-08-2009 to 19-08-2009

Date	Open	High	Low	Close	Shares Traded	Turnover (Rs. Cr)
17-Aug-2009	4578.80	4578.80	4374.60	4387.90	252330559	8387.98
18-Aug-2009	4389.50	4491.45	4372.65	4458.90	265217123	8599.04
19-Aug-2009	4457.75	4477.55	4353.45	4394.10	254668765	8296.66

On 17 August market had fell appreciably and as a rebound the market went up on 18 August. But eventually the weakness emerged on 19 August when market again fell. The net actual of these two days was a rise of mere 7 points as compared to the closing of Nifty on 17 August against the indicated fall as a weakness.

The recent volatility has taken a toll on the volumes which are down by about 20 to 25%

Trends from 20 August 2009 to 21 August 2009

The market may initially rise as a result of world market cues especially as a result of the overnight European and American market rise. But the dampening effect may still be visible as the period progresses. Hence the market may remain weak only.

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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.

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