Consult Jyotishguru Deepak Kapoor

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Jyotishguru Deepak Kapoor

at Gurgaon

Call 9868463900

Saturday, February 27, 2010

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.



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