Sensex prediction: August and September 2009

After an unintended performance and scare rain falls you ofcourse can’t expect a blockbuster from markets. But the story lies elsewhere. With some of the economies around the world recovering a wee little bit, expect a slight jump in FII investment. After the reports that the tax heaven Cayman islands based hedge funds may get an easier entry to trade in India, things may just slightly pull up from here. Expect a pull back to 15,500 levels in the initial period how ever the end result will be around a sub 15k levels as it is today. The ideal level to trade at would be 14,600 if the present market continues its downward rally. Place some risks in auto sector, pharma and infrastructre. There may pay off by a small profit if exits are possible at 15k levels.