Indian Stock Index Trends 20 Feb to 1 March 2010 – Review

In the trends for this period we had indicated rise in the market. The forecast made on 10 Feb for this period is repeated here.

From	To	Trend	Remarks
20 Feb	1 Mar	Rise	Rise. Market holidays on 20 and 21 Feb. Again Market holidays on 27 and 28 Feb. and also on 1 March.

Effectively this RISE trend was given for the period between 22 Feb and 26 Feb as the other days were market holidays. We give below the actual Nifty figures from 19 Feb (previous close) to 26 Feb (current close).

Historical Data for S&P CNX NIFTY        For the period 19-02-2010 to 26-02-2010
	Date Open High Low Close 19-Feb-2010 4887.30 4887.30 4805.55 4844.90 22-Feb-2010 4849.35 4912.05 4845.90 4856.40 23-Feb-2010 4856.60 4884.10 4833.15 4870.05 24-Feb-2010 4869.55 4880.55 4834.65 4858.60 25-Feb-2010 4859.00 4880.15 4835.60 4859.75 26-Feb-2010 4858.50 4992.00 4858.45 4922.30

When there was worldwide fear of fall in the stock markets we maintained that the market will rise. Even in India, the overall view by financial experts on all TV channels was indicating fall on budget presentation on the fears of rise in service tax, corporate tax, excise duty etc, we maintained that the market will rise. There was a total rise of 77 points in this period from 4845 to 4922.