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What are different types of Tables?

There are 4 types of tables in siebel

1) Base Table (Ex: s_contact s_user)

2) Extension table ( Ex: s_contact_x)

3) interface/EIM tables

4) Intersection Tables (Ex: s_org_bu)

How do you recognize that a particular table (Base table) can be extended?

If the table property is Private then we can not extend the table. If it is Pubilc we can.

What are the differences between siebel 7.8 and 8.0?

1) Siebel 8.0 has introduced Task UI for task automations.
2) Siebel 8.0 has Object Level check out which was not possible before.
3) Business user properties have become drop down list in tools and hence no need to remember syntax for each

What is the maximum number of applets can be there in a view?

eight applets in Siebel6.
16 applets in Siebel7.7.

How do you import List of Values?

Depends on any Hierarchies, but using EIM_LST_OF_VAL(for EIM load) import parents first then children, otherwise you will receive failure message.

What are Pre defined Queries?

Pre Defined queries are some thing which helps us to navigate directly to particular screens or views. it helps in accessing the screens or views in faster manners.

What is the difference between "PickList Generic" and "PickList Hierarchical" BC?

"PickList Generic" BC is used for Static Picklists.
"PickList Hierarchical" is used for Hierarchical PickLists

When you have Pre Default Value and Post Default value for a Field, which one will be stored in the Database?

Pre Default Value will be defaulted when new record is created. Post Default Value will be defaulted if there is no value specified for the field. so, Pre Default Value will be stored in the Database.

Why do we use Symbolic Strings in Siebel 7.7?

Keepijng the strings from the view definition is called symbolic strings.

It reduces the redundancy.
Simplifies maintenance because only you have to maintain one string for a given Term.
Reduces the localization costs, Time and inconsistency.

What is horizontal and vertical in siebel?

Siebel Horizontal application is general to every industry.
Siebel Vertical is specific to a industry such as eAutomobile, eInsurance, eBanking etc.

What is the function of SWSE on the Web Server?

SWSE is Siebel Web Server Extension. It accepts the siebel requests and pass it on to Gateway server where the server manager decides to which siebel server component should this request goto.

Is it possible to have multiple database servers for one gateway server?

Yes provided if we have multiple enterprise servers for multiple database. No more than one database could be added to an enterprise server.

Which will be better if performance issue is considered. Pick Applet or Dynamic Picklist ?

both are one & same since DPL Contains the pick applet.

What is link?

It specifies the relationship between 2 BCs. The relationship can be 1:M or M:M.

What is join?

Join allows data from more than one table to be displayed on one applet. It is a relation between BC & another base table/joined table. It is used for 1:1 & M:1 relationship.

What is state model?

It provides a data driven method for extending workflow control based on the status of an object such as a service request or a product defect. A state model is the blue print of acceptable states & state transitions that the state machine enforces. The state machine then makes sure that these objects go thro' the desired process defined in the state model.

Why do we do index in Siebel DB?

It is a separate data structure that stores a data value for a column & a pointer to the corresponding row. They are used to retrive & sort data rapidly. It can be created by configurators to produce a custom index.

Difference between EIM & EAI?

EIM:

Larger volume of data
Batch processing
Data object layer only
For replication, interface table is used.

EAI:

Small volume of data
Real time processing
It uses all layers
For replication, it uses siebel adapters & connectors

What is the difference between get & checkout?

They are same except that get doesn't place locks. Initial get is required before compiling against the local repository.

How do you assign responsibilities to employees in Siebel?

In Administration Group > Employee - there is a field called Responsibility there add your new Responsibility, make as Primary and remove the old one.

How do you control visibility in Siebel?

It will be controlled by Position and Responsibility in Siebel.
Position dictates the Data level visibility
Responsibility dictates the view level visibility.

How do you create extension table to an interface/intersection table in Siebel?

We can not.

How do you set up employees in Siebel?

The Employee is also a USER who must be assigned with a valid position. Goto user administration then employees - Fill all details.

How is load balancing maintained in Siebel?

It was maintained by the Gateway server using the third party software Resonate Central Dispatch. Now it is thro' siebel internal load balancing.

How is Siebel 7.x architecture different from Siebel 6.x?

Siebel 6.0:

2 tier
Standard interactivity
Thro' Intranet access

Siebel 7.0

3 tier
High interactivity
Thro' Internet access

How is Siebel 7.x data model is different from Siebel 6.0?

S_PARTY is the base table and S_CONTACT, S_ORG_EXT, S_POSTN, S_USER are now extension tables.
Siebel 6.x was dedicated application.
Siebel 7.x onwards we can access Siebel application via web.

How is the opportunity related to an account?

M:1

How is tools architecture constructed in Siebel?

In siebel tools, you have 3 tabs.
Type - parent child relationship
Flat - all the siebel objects
Detail - all the records in object.

How will you edit the joined field values in join?

using pickapplet or dynamic picklist.

How will you improve your performance in views?

Use primaries for MVG in list applet.
Keep number of BCs used in view is small.
Aviod creating using large number of joins in BC.
Aviod retrieving large number fields.
Aviod specifying outer join.
Aviod force active & link specification True.
Aviod calculated fields

Is it required to install gateway server before installing a Siebel server?

Yes, it is a single entry point.

What does an opportunity, account, contact do in Siebel?

Those are business entities & they have relationships.

Account & opportunity = 1:M
Account & contact = M:M
opportunity & contact = M:M

What does install.ksh and imprep.ksh files do?

Imprep.ksh : Importing siebel repository & populate the Repository tables during DB server install.
Install.ksh : DB schema created

What does position represents in Siebel?

Position determines which records can be accessed by which users(data level access). In contrast, Responsibility gives View Access (screen access).

What happens if you create an employee in Siebel application and not in DB?

Can't login since DB user id & password is needed.

What is an extension table and how is it related to base table?

Every base table having the extension table. 1:1 and 1:M extension table's are available. 1:1 extension and the base table are logically considered as a single table. Par_row_id will be the foriegn key.

What is constrained picklist? Where you will drop the constraints?

It filters values dynamically to display only records with one or more fields that match corresponding fields in the orginating BC record. It filters pick BC records for matches.

What is nameserver? What does it do?

Name server is the part of gateway server that dynamically registers all servers in enterprise, serves a connection broker across the enterprise.

What is position type field in position applet?

It is a picklist.

What is Resonate?

Resonate is 3rd party (load balance)software development tool, which is used for distibuting the cilent request to the least loaded siebel server.

What is seed data in Siebel?

The data that siebel supplies as a part of siebel vanilla application.

What is Siebel file system?

It is a shared directory that stores compressed files used by Siebel applications. Ex: Product literature, sales tools, presentations
Read/write access is controlled by the File System Manager (FSM) component on Siebel Server.

What is s_party table?

S_PARTY Table is the Base Table for all the Party related tables. It can have the implied joins. The party related BC's have the S_PARTY as the base table.
S_ORG_EXT
S_CONTACT
S_USER
S_BU
and etc.

What is the difference between an organization and division in Siebel?

Organizations can be used to control data visibility, Divisions cannot. Divisions can be used to set Default Currencies.

What is the new layer in Siebel 7.x version?

Total layers are four.
1. Physical UI Layer (New one)
2. Logical Layer
3. Business Object Layer
4. Data Object Layer.

What is the relationship between a view and a BO?

View refers to only one BO always & the BO is logical collection of BCs.

What is the use of catch in escript?

The catch clause is used to handle the exception. To raise an exception, use the throw statement. It is used to process the exceptions that may occur in the manner you specify in the exception handling.

What is external BC (EBC) in siebel?

The purpose of EBC is to view/delete/update/insert data available in external DB. It is always used to integrate with external applications. While creating EBC you import external table definition into siebel (it is in DB layer). it is based on external table & uses data source defined on BC & table to retrive data.

What is virtual BC in siebel? What is use?

The purpose of VBC is usually to view external data that we don't want to store (virtual) in siebel. It is not necessary to use only for integration purpose. It has no base table & uses business service to retrive the data.

Why is it not recommended to modify existing base tables in siebel?

It is not needed when you have extension tables already. If you do so, it will affect application performance & give problems during upgrade.

PRE-OPEN MARKET OUTLOOK(27-10-2009)

TECHNICAL INDICATORS WERE SHOWING POSITIVE MOVE BUT INDIAN MARKETS MOVED DOWN AFTER RBI MOVED DOWN AND CLOSED WITH NOMINAL LOSSES AFTER RBI REDUCTION OF GDP TARGETS. INDIAN MARKETS ARE TRADING WITHIN ASCENDING TRIANGLE FOR THE LAST 20 SESSIONS AND BOTTOM OF INCLINING TRENDLINE IS AT 4904. ALTHOUGH MARCH TRENDLINE HAS BEEN BREACHED DOWNWARD BUT NIFTY COULD NOT MOVE BELOW 4960 FOR THE LAST 3 TRADING SESSIONS AND CONTONUOUSLY GETTING SUPPORT NEAR IT. GLOBAL CUES ARE EXTREMELY WEAK TODAY MORNING AND SUPPORTS ARE AT 4940/4922/4904 WITHIN ASCENDING TRIANGLE BUT BELOW 4952 LOWER INCLINING LINE WILL BE BREACHED. MARCH TREND LINE AND ASCENDING TRIANGLE ARE DEPICTED IN THE FOLLOWING CHART:-
http://lh6.ggpht.com/_MdLrfnym5uc/SuZhmwKYnBI/AAAAAAAAASA/9gCk52na8Ao/s400/jcharts.png
IT IS A TESTING DAY TODAY WITHIN MOST BEARISH AND DEEP RED GLOBAL MARKETS THAT AT WHAT POINT NIFTY GETS SUPPORT. SHORT TERM IS DOWN AND INTERMEDIATE TERM WILL BE DOWN BELOW 4800 BUT LONG TERM TREND IS UP AND AT PRESENT IT IS EXPECTED THAT NIFTY WILL GET SUPPORT ABOVE 4800 AND UPTREND WILL REMAIN CONTINUED. THIS SHOULD BE KEPT IN MIND THAT BELOW 4800 WILL BE MOST HAZARDOUS TO MARCH 2009 RALLY AND IN THAT SITUATION WHOLE UPMOVE WILL BE IN QUESTION.
IF NIFTY SUSTAINS ABOVE 4904 AFTER GAP DOWN OPENING AND MOVE ABOVE 4952 THEN UPMOVE WILL REMAIN INTACT. IT WILL BE BETTER TO WAIT AND WATCH TODAY BECAUSE INDIAN MARKETS HAVE TO REACT TUMBLING GLOBAL MARKETS AND RBI CREDIT POLICY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(26-10-2009)

I TOLD CONTINUOUSLY BEFORE DEEPAWALI FOR CONSOLIDATION BETWEEN 5000-5125 BECAUSE:-

"SENTIMENT WAS HEATED ON DEEPAWALI AND INDICATORS WERE IN OVERBOUGHT ZONE THEREFORE SHORT TERM CORRECTION HAD BEEN DUE THEREFORE SHORT TERM CORRECTION AND CONSOLIDATION WAS SEEN LAST WEEK"

LONG TERM AND INTERMEDIATE TERM TRENDS ARE UP AND SHORT TERM IS DOWN. NOW INDICATORS ARE IN OVERSOLD ZONE AND INTRADAY CHARTS OF LAST 2 TRADING SESSIONS ARE SHOWING CONSOLADATION PATTERNS THEREFORE IT IS VERY MUCH EXPECTED THAT FRESH RALLY WILL BE SEEN IN THIS WEEK. LAST FRIDAY CANDLE IS BULLISH HARAMI(INDICATING SHORT TERM TREND REVERSAL) AND SHOWING INVERTED HAMMER(BULLISH PATTERN). INTRADAY CHARTS OF LAST 2 HOURS OF FTIDAY ARE ALSO SHOWING BUYING PATTERNS BETWEEN(4987-5010). F&O OPEN INTEREST ANALYSIS IS ALSO SHOWING BUYING IN LAST WEEK THEREFORE INDIAN MARKETS WILL NOT ONLY TEST HIGHS OF THIS RALLY BUT ALSO CROSS 5200 IN THE COMING SESSIONS.

AFTER US MARKETS WEAKNESS ASIAN MARKETS ARE POSITIVE TODAY MORNING THEREFORE INDIAN MARKETS WILL OPEN IN GREEN. IT IS EXPECTED THAT UPMOVES WILL BE SEEN AND INDIAN MARKETS WILL CLOSE IN GREEN WITH GOOD GAINS TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(23-10-2009)

SENTIMENT WAS EXTREMELY HEATED ON DEEPAWALI THEREFORE I WAS NON STOP TELLING FOR DOWN MOVE FROM HIGHER LEVELS AND CONSOLIDATION BETWEEN 5000-5125 AND NIFTY MOVED DOWN FINALLY AS WELL AS TESTED 5000 YESTERDAY. THIS SHOULD BE KEPT IN MIND THAT LONG TERM AND INTERMEDIATE TERM TRENDS ARE UP AND ONLY SHORT TERM TREND ID DOWN. I TOLD FOR SUPPORT AT 4980 YESTERDAY BUT SENTIMENT AGAIN HEATED AFTER CONGRESS VICTORY IN ASSEMBLY POOLS THEREFORE NIFTY MOVES BELOW 4980 IN CONSOLIDATION PROCESS, AS PER MY VIEW NIFTY CONSOLIDATED WITHIN 4970-5000 YESTERDAY AND FOR UPMOVE FROM HERE MORE CONSOLIDATION REQUIRES IN THE COMING SESSIONS. IF IT HAPPENS THEN INDIAN MARKET WILL SHOOT UP IMMEDIATELY AFTER THE COMPLETION OF CONSOLIDATION. IT HAS TO WATCH TODAY THAT IF NIFTY CONSOLIDATES ABOVE 4970 AND SUSTAINS ABOVE 5000 IN THE COMING SESSIONS THEN THIS RANGE(4970-5000) WILL BE GOOD SUPPORT OF THIS RALLY AND NEXT TRADING RANGE WILL BE 4970-5180. IF IT HAPPENS IN THE COMING COUPLE OF SESSIONS THEN NIFTY WILL CROSS 5180 AFTER COMPLETION OF SHORT TERM CORRECTION AND WILL TEST PLUS 5200 LEVELS.

GOOD SELLING AT HIGHER LEVELS(BELOW 5180) AND CONSOLIDATION WITHIN 4970-5000 WILL MAKE INDIAN MARKETS RANGE BOUND(4970-5180) AND UP SIDE BREAK OUT WILL CONTINUE ON GOING RALLY AND DOWN SIDE BREAK OUT WILL MEAN TESTING OF 4800. IT IS EXPECTED THAT INDIAN MARKETS WILL CONSOLIDATE IN THE COMING SESSIONS AND WILL FINALLY CROSS 5180 TO TEST PLUS 5200 LEVELS.

IT IS EXPECTED THAT INDIAN MARKETS WILL CONSOLIDATE AFTER POSITIVE OPENING AND WILL CLOSE IN GREEN ON 23-10-2009.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(22-10-2009)

SENTIMENT WAS EXTREMELY HEATED UP AND SELLING AT HIGHER LEVELS THEREFORE I WAS NON STOP TELLING FOR CONSOLIDATIONS BETWEEN 5000-5125 AND NOW NIFTY HAS ENTERED WITHIN THIS RANGE. SHORT TERM TREND IS DOWN BUT LONG TERM AND INTERMEDIATE TERM TRENDS ARE UP AS WELL AS INDIAN MARKETS ARE CONSOLIDATING THEREFORE IT IS ALSO POSSIBLE THAT INDIAN MARKETS MAY RECOVER FROM ANY POINT. IN THIS SITUATION TRADES SHOULD BE DONE FOR SHORT TERM.

AFTER WEAK GLOBAL CUES OPENING WILL BE WEAK AND AFTER RED OPENING NIFTY WILL TRADE FIRST NEAR 5050 AND IF MOVES BELOW IT THEN NEXT SUPPORT IS AT 4980. IT HAS TO BE WATCHED TODAY THAT WHERE INDIAN MARKETS ARE GETTING SUPPORT BECAUSE INDIAN MARKETS MAY RECOVER FROM ANY POINT.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(21-10-2009)

WHEN ALL OVER IN ALMOST ALL THE BUSINESS CHANNELS BUYING CALLS WERE BEING GIVEN THEN I WAS CONTINUOUSLY TELLING:-

I TOLD ON 16-10-2009:-"FOR THE LAST 2 DAYS.YESTERDAY INTRADAY CHARTS ARE SHOWING SELLING PATTERNS THEREFORE SHORT TERM CORRECTION IS POSSIBLE AND IN THE SITUATION OF CORRECTION NIFTY SHOULD TRADE FIRST WITHIN 5000-5125"

I TOLD ON 17-10-2009(DEEPAWALI DAY):-"IT IS EXPECTED THAT NIFTY WILL TRADE WITHIN 5000-5125 IN THE COMING COUPLE OF SESSIONS"

I TOLD ON 20-10-2009:-"EXPECTED THAT NIFTY WILL TRADE WITHIN 5000-5125 DURING CONSOLIDATION"

I TOLD FOR DEEPAWALI THAT INDIAN MARKETS WILL MOVE DOWN FINALLY AND CLOSED IN RED TODAY AND ON DEEPAWALI DAY INDIAN MARKETS NOT ONLY MOVED DOWN SHARPLY IN THE LAST MINUTES BUT LAST TRADED RATES WERE ALSO AT LOWEST OF SESSIONS AS WELL AS IN RED FIGURES. I ALSO TOLD YESTERDAY FOR RED CLOSING AMONG STRONG GLOBAL CUES AND INDIAN MARKETS ALSO CLOSED IN RED YESTERDAY,

I AM CONTINUOUSLY TELLING FOR THE EXPECTED TRADING RANGE OF 5000-5125 AND TODAY NIFTY WILL TRADE WITHIN THIS RANGE. LAST 4 DAYS TRADING RANGE WAS 4080-5180 AND IF NIFTY SUSTAINS BELOW IT TODAY THEN SHORT TERM TREND WILL TURN DOWNWARD AND THIS RANGE WILL PRODUCE STRONG RESISTANCE.

WEAK OPENING AND RED CLOSING IS EXPECTED TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(20-10-2009)

ALL TRENDS ARE POSIITVE BUT INTRADAY CHARTS ARE SHOWING SELLING PATTERNS THEREFORE INDIAN MARKETS REQUIRES CONSOLIDATION AND IS EXPECTED THAT NIFTY WILL TRADE WITHIN 5000-5125 DURING CONSOLIDATION. GLOBAL CUES ARE POSITIVE THEREFORE AFTER POSITIVE OPENING DOWN MOVE IS EXPECTED AND RED CLOSING WILL BE SEEN TODAY.



(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(09-10-2009)

INDIAN MARKETS ARE NOT HIGHER LEVELS AND NIFTY INTRADAY CHARTS ARE SHOWING GOOD SELLING FORMATIONS ABOVE 5000 THEREFORE IT IS EXPECTED THAT NIFTY SHOULD TEST 4800 IN THE COMING WEEK. IT IS ALSO POSSIBLE THAT NIFTY MAY BREAK DOWN 4800 WITHIN ONE MONTH.

AS INFOSYS QUATERLY RESULTS WILL BE DECLARED TODAY THEREFORE INDIAN MARKETS MAY MOVE ACCORDING TO THAT ALSO BUT MY VIEW IS BEARISH IN THE SHORT TERM.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(11-09-2009)

ALL TRENDS ARE UP. INDIAN MARKETS ARE CLOSING WITHIN 15 POINTS(4808-4820) FOR THE LAST 3 DAYS AFTER 3 MONTHS RANGE BREAK OUT AND IT CLEARLY MEANS THAT INDIAN MARKETS ARE PREPARING FOR NEXT BIG MOVE. ALTHOUGH 3 DAYS CLOSING ABOVE BREAK OUT LEVELS IS TECHNICALLY SUFFICIENT FOR BREAK OUT CONFIRMATION BUT FOR PRECAUTION SUSTAINING AND CLOSING ABOVE 4840 WILL BE 100% SURE CONFIRMATION FOR A STRONG UP MOVE FROM HERE.MY VIEW IS BULLISH BUT MANY STOCKS INTRADAY CHARTS ARE SHOWING SELLING PATTERNS THEREFORE I AM SUGGESTING FOR GETTING ABOVE CONFIRMATION. INDIAN MARKETS COULD NOT SUSTAINED AT HIGHER LEVELS YESTERDAY AND CLOSED AT LOWEST LEVELS YESTERDAY BUT THAT ALSO DOES NOT MEAN ANY HARM TO UPTREND BECAUSE IT ALSO HAPPENS DURING CONSOLIDATION. IIP DATA WILL BE DECLARED TODAY THEREFORE MARKETS MAY BE VOLATILE AND WITHIN THIS DEVELOPMENT IT HAS TO BE SEEN THAT NIFTY IS SUSTAING ABOVE 4840 OR NOT. IT IS EXPECTED THAT NIFTY WILL SUSTAIN AND CLOSE ABOVE 4840 TODAY AS WELL AS ON GOING RALLY WILL REMAIN CONTINUED AFTER SOME CONSOLIDATIONS BUT FOR PRECAUTION WATCH 4840.

CUES ARE POSITIVE FROM GLOBAL MARKETS THEREFORE INDIAN MARKETS WILL OPEN POSITIVE AND EXPECTED THAT WILL CLOSE IN GREEN AFTER SUSTAINING ABOVE 4840 TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(10-09-2009)

3RD WAVE(2ND IMPULSIVE WAVE) IS ON AFTER THE COMPLETION OF INTERMEDIATE CORRECTION OF 1ST WAVE. I TOLD MANY TIMES FOR ON GOING RALLY IN MY PREVIOUS OUTLOOKS. JUST CLICK FOLLOWING LINK OF MY 27-07-2009 OUTLOOK FOR MINIMUM TARGET OF 3RD WAVE:-
http://www.orkut.co.in/Main#CommMsgs?cmm=34695909&tid=5362873148611015524
I CLEARLY TOLD YESTERDAY:-"NIFTY WILL FIRST CONSOLIDATE NEAR 4800 AND AFTER THAT MOVE UP TOWARDS 4840 AND WILL MOVE UP FINALLY AFTER SOME CONSOLIDATION NEAR 4840."
NIFTY CONSOLIDATED WHOLE DAY YESTERDAY NEAR 4800 AND WILL TRADE TODAY 4840 TODAY. I AM NOT TELLING IT AFTER WATCHING STRONG GLOBAL MARKETS AND SGX NIFTY TRADING +50 BUT I TOLD FOR TODAY UP MOVE AT 04:01 PM YESTERDAY IN THE FUTURE OUTLOOK OF POST CLOSING REPORT(08-09-2009):- FOR PROOF JUST CLICK LINK;-
http://www.orkut.co.in/Main#AlbumZoom?uid=15126964664090279701&pid=1252550689730&aid=1234097281$pid=1252550689730
RALLY IS ON AND IT IS EXPECTED THAT INDIAN MARKETS WILL STAY SOME TIME WITHIN RESISTANCE RANGES THEREFORE NEXT RESISTANCE RANGES ARE AS FOLLOWS:-
1- 4870-4940
2- 5120-5160
3- 5200-5250
AS PER MY VIEW CONSOLIDATION REQUIRES AT EVERY RESISTANCE RANGE THEREFORE MARKET WILL STAY SOMETIME WITHIN OR BEAR ABOUT RESISTANCE RANGES AND MOVE UP AFTER CONSOLIDATION.RESISTANCE RANGE OF 5200-5250 IS STRONG AND NIFTY WILL TAKE COMPLETE TIME WITHIN THIS RANGE FOR CONSOLIDATION.IT IS ALSO EXPECTED THAT INDIAN MARKETS MAY REMAIN RANGE BOUND FOR MONTHS WITHIN THIS RANGE.
(CONTD.IN PART 2)

PRE-OPEN MARKET OUTLOOK(09-09-2009)

ALL TRENDS ARE UP. INDIAN MARKETS BROKEN OUT 3 MONTHS RANGE ON 07-09-2009 AND IT IS MOST BULLISH SIGNAL FOR INDIAN MARKETS. IF NIFTY SUSTAINS ABOVE 4750 IN THE COMING COUPLE OF SESSIONS THEN THAT WILL BE CONFIRMATION OF 3RD WAVE MOVEMENT AND ITS MINIMUM TARGETS I HAVE ALREADY DESCRIBED IN MY PREVIOUS OUTLOOKS.

NIFTY TRADED BETWEEN 3790-3840 YESTERDAY AFTER GAP UP OPEN BUT COULD NOT SUSTAINED AT HIGHER LEVELS AFTER SOME PROFIT BOOKING AND CLOSED NEAR LOWER LEVELS. ALTHOUGH US MARKETS CLOSED POSITIVE YESTERDAY BUT ASIAN MARKETS ARE IN RED THEREFORE SENTIMENT DAMPENED TODAY MORNING AND NIFTY SHOULD TRADE FIRST NEAR 4800 AFTER ALMOST FLAT OPENING TODAY. AS SOME PROFIT BOOKING WAS SEEN AT HIGHER LEVELS YESTERDAY THEREFORE CONSOLIDATION REQUIRES IN THE COMING SESSIONS. IT IS EXPECTED THAT NIFTY WILL FIRST CONSOLIDATE NEAR 4800 AND AFTER THAT MOVE UP TOWARDS 4840 AND WILL MOVE UP FINALLY AFTER SOME CONSOLIDATION NEAR 4840.

GREEN CLOSING IS EXPECTED AFTER ALMOST FLAT OPENING BUT INDIAN MARKETS HAVE TO CONSOLIDATE TODAY THEREFORE TODAY MARKET PREPERATIONS AND POSITIONING IS MORE IMPORTANT BECAUSE DURING CONSOLIDATION MARKETS MAY MOVE,TRADE AND CLOSE ALSO IN NEGATIVE ZONE BUT INTRADAY CHARTS BULLISH FORMATIONS ARE MORE IMPORTANT FOR COMING UP TRENDS.

IT IS EXPECTED THAT INDIAN MARKETS WILL CONSOLIDATE NEAR ABOUT YESTERDAY RANGE IN THE COMING SESSIONS AND NIFTY WILL FINALLY TRADE AND SUSTAIN ABOVE 4840. UNTIL NIFTY IS ABOVE 4750 UPTREND IS VERY MUCH SAFE.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(08-09-2009)

INDIAN MARKETS BROKEN OUT YESTERDAY AND CLOSED ABOVE 3 MONTHS RANGE.TECHNICALLY CONFIRMATION COMES AFTER 3 DAYS CLOSING ABOVE BREAK OUT POINT BUT I WOULD SAY CONSOLIDATION PATTERNS AND SUSTAINING ABOVE 3450 IN NEXT COUPLE OF SESSIONS WILL CONFIRM BREAK OUT AND 3RD WAVE(2ND IMPULSIVE WAVE). JUST CLICK FOLLOWING LINK OF MY 27-07-2009 OUTLOOK OF MINIMUM TARGET OF 3RD WAVE:-
http://www.orkut.co.in/Main#CommMsgs?cmm=34695909&tid=5362873148611015524
INDIAN MARKETS CORRECTED 3 MONTHS AND NOW PREPARED FOR RALLY.RETRACE MENT LEVELS OF 2008 FALL AND NEXT TARGETS FROM FIBONACCI LEVELS ARE CLEAR IN THE FOLLOWING EOD CHART;-
http://lh5.ggpht.com/_MdLrfnym5uc/SqXN3eNqynI/AAAAAAAAARY/KObH5lOfCxY/s400/CHARTS.png
NEXT RESISTANCE RANGES ARE AS FOLLOWS:-
1- 4870-4940
2- 5120-5160
3- 5200-5250
SOME VOLTALITY AND TRADING NEAR OR BELOW YESTERDAY CLOSING IS POSSIBLE TODAY. RALLY WILL REMAIN CONTINUED AFTER SOME CONSOLIDATION IN NEXT COUPLE OF SESSIONS. POSITIVE OPENING AND CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(07-09-2009)

ALL TRENDS ARE UP NOW AFTER LAST FRIDAY RECOVERY AND NIFTY GOT SUPPORT AT THAT RISING TREND LINE WHICH IS DRAWN FROM THE MOMENTUM DAY OF THIS RALLY ON 06-03-2009.IT MEANS THAT ONGOING UPTREND IS INTACT. STRNGTH OF THIS RALLY IS CLEAR FROM THE FOLLOWING NIFTY EOD CHART.
http://lh3.ggpht.com/_MdLrfnym5uc/SqRM8DVWjiI/AAAAAAAAARQ/-jF0s1Pu494/s400/SUPPORT%20%26%20RESISTANCE.png
CONCLUSIONS FROM ABOVE CHART:-
1- NIFTY MADE 3 HIGHER BOTTOM IN CORRECTIONS THEREFORE GOOD STRENGTH IN RALLY.
2- LAST RESISTANCE OF THIS RALLY IS AT 4744.
3- 3 STRONG SUPPORTS AT LOWER LEVELS.
ALMOST ALL THE GLOBAL MARKETS ARE NEAR THE TOP OF 6 MONTHS HIGH AND UPWARD BREAK OUT WILL GIVE STRONG MOMENTUM TO ALL THE GLOBAL MARKETS. IF NIFTY SUSTAINS ABOVE 4750 IN THE COMING SESSIONS THEN UPWARD BREAK OUT WILL CONFIRM IN INDIAN MARKETS AND THEN FAST RALLY WILL BE SEEN.
GREEN CLOSING IS EXPECTED AFTER POSITIVR CLOSING TODAY BUT NIFTY HAS TO SUSTSIN ABOVE 4750 TODAY FOR ANY UPMOVE FROM HERE AND ONLY IT HAS TO BE WATCHED FOR NEXT UPMOVE CONFIRMATION.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(02-09-2009)

I CLEARLY TOLD YESTERDAY:-
"SHOWED GOOD SELLING FORMATIONS WITHIN THIS RANGE YESTERDAY THEREFORE DOWN SIDE BREAK OUT OF THIS RANGE WILL BE SEEN IN COMING SESSIONS"
"WILL FINALLY MOVE BELOW 4640 EITHER TODAY OR IN THE COMING SESSIONS"
"DOWN MOVES AND RED CLOSING WILL BE SEEN EITHER FROM TODAY OR FROM COMING SESSIONS"
I CONFIRMLY TOLD FOR DOWN MOVES YESTERDAY AND DOWN MOVES STARTED EXACTLY FROM YESTERDAY.SUPPORT AND FIBONACCI RETRACEMENT LEVELS ARE CLEAR FROM FOLLOWING EOD CHART:-
http://lh6.ggpht.com/_MdLrfnym5uc/Sp2Em89huhI/AAAAAAAAARA/O_1hmw46ePE/s400/FIBONACCI%20LEVELS.png
IT IS CLEAR THAT DOWN MOVE STARTED AFTER TRIPPLE TOP FORMATION AND 5 DAYS NARROW RANGE MOVE THEREFORE IT IS POSSIBLE THAT INTERMEDIATE TERM TREND MAY TURN DOWN AND TEST 200 EMA(TODAY AT 3971) AS WELL AS MAY TOUCH PREVIOUS BOTTOM OF CORRECTION(3919). MAIN SUPPORTS OF JUST STARTED CORRECTION ARE AT:-
1- 4448(50 EMA)
2- 4353
3- 3919
4- 3792(38.2% CORRECTION OF WHOLE RALLY)
UNTIL NIFTY IS ABOVE 4353 INTERMEDIATE TERM TREND IS SAFE AND MOVING BELOW IT WILL MEAN MINIMUM 3 WEEKS TO 3 MONTHS LONG CORRECTION.MOST OF THE GLOBAL MARKETS WERE RANGE BOUND FOR THE LAST 5-6 TRADING SESSIONS AND CORRECTION BEGUN IN ALL OF THEM FROM YESSTERDAY THEREFORE AFTER GAP DOWN OPENING IF NIFTY SUSTAINS BELOW 4550 TODAY THEN IT WILL GIVE 100% CONFIRMATION TO INDIAN MARKETS DOWN TREND AND MORE DOWN MOVES WILL BE SEEN IN COMING SESSIONS.

INDICATORS POSITION IS CLEAR IN THE FOLLOWING PICTURE:-
http://lh4.ggpht.com/_MdLrfnym5uc/Sp2FOoiYmVI/AAAAAAAAARI/7bOihtihJIY/s400/INDICATORS.png
1- MACD- MACD LINE IS LITTLE ABOVE AVERAGE LINE AND ALSO A LITTLE ABOVE 0 LINE. THIS INDICATOR WILL GIVE CONFIRMATION OF DOWNTREND TREND AFTER TODAY DOWN MOVE BECAUSE IN THAT SITUATION MACD LINE WILL INTERSECT DOWNWARD AVERAGE LINE.
2- STOCHASTICS- STARTED TO MOVE DOWN FROM OVERBOUGHT ZONE THEREFORE CONFIRMING SHORT TERM WEAKNESS.
3- ROC AND RSI- BOTH LINES ARE LITTLE ABOVE EQALIBRIUM LINE AND SHOWING DIVERGENCE AS WELL AS MOVING DOWNWARD THEREFORE CONFIRMING WEAKNESS.
4- WILLIAM %R- STARTED TO MOVE DOWN FROM OVERBOUGHT ZONE THEREFORE CONFIRMING SHORT TERM WEAKNESS.
INDICATORS ARE SHOWING LACK OF STRENGTH IN ONGOING BULLISH MOVE AND IF NIFTY SUSTAINS AND CLOSE BELOW 4550 TODAY THEN DOWN MOVE WILL CONFIRM AND NIFTY WILL TEST MENTIONED SUPPORT LEVELS.
AFTER WEAK OPENING CONFIRMATION FOR FRESH DOWN MOVE IS MUST EITHER THROUGH FRESH SELLING PATTERNS TODAY OR SUSTAINING BELOW 4550. IF NIFTY SUSTAINS AND CLOSE BELOW 4550 THEN MORE DOWN MOVES,TESTING OF MENTIONED SUPPORTS AND TODAY RED CLOSING WILL BE SEEN.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(01-09-2009)

ALL TRENDS ARE UP AND INDIAN MARKETS ARE RANGE BOUND FOR THE LAST 5 SESSIONS WITHIN 4640-4710. NIFTY IS VOLATILE WITHIN THIS RANGE AND SHOWED GOOD SELLING FORMATIONS WITHIN THIS RANGE YESTERDAY THEREFORE DOWN SIDE BREAK OUT OF THIS RANGE WILL BE SEEN IN COMING SESSIONS.

ASIAN MARKETS ARE LITTLE POSITIVE THEREFORE AFTER FLAT TO POSITIVE OPENING NIFTY WILL TRADE FIRST WITHIN 4640-4700 AND WILL FINALLY MOVE BELOW 4640 EITHER TODAY OR IN THE COMING SESSIONS.

DOWN MOVES AND RED CLOSING WILL BE SEEN EITHER FROM TODAY OR FROM COMING SESSIONS AFTER GREEN OPENING TODAY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(31-08-2009)

ALL TRENDS ARE UP AND INDIAN MARKETS BROKEN OUT STRONGLY LAST 3 MONTHS RANGE. INDIAN MARKETS ARE TECHNICALLY POISED FOR STRONG RALLY NOW BUT GLOBAL CUES TURNED EXTREMELY NEGATIVE. AFTER US MARKETS MODERATE RED CLOSING ASIAN MARKETS ARE IN DEEP RED TODAY MORNING. SENTIMENT DAMPENED THEREFORE RED OPENNG WILL BE SEEN TODAY.

INDIN MARKETS HAVE BROKEN OUT AND PREPARED FOR STRONG RALLY AND IF CRASH LIKE SITUATIONS ARE NOT SEEN IN GLOBAL MARKETS THEN INDIAN MARKETS WILL SHOW STRONG RALLY IN THE COMING MONTH. IF AFTER WEAK OPENING NIFTY SUSTAINS ABOVE 4660 THEN UPTREND WILL REMAIN CONTINUED IN THE COMING SESSIONS.

AFTER RED OPENING CONSOLIDATION AND GREEN CLOSING IS EXPECTED TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(28-08-2009)

ALL TRENDS ARE UP. FOR ANY UP MOVE NIFTY HAS TO CROSS AND SUSTAIN ABOVE THE LAST RESISTANCE RANGE OF 4685-4715 BUT FORCE HAS BEEN SLOWED DOWN FOR THE LAST 3 TRADING SESSIONS AND INTRADAY CHARTS OF LAST 2 DAYS ARE ALSO SHOWING SELLING PATTERNS THEREFORE SHORT TERM CORRECTION IS EXPECTED. AS INTRADAY CHARTS SHOWED SELLING PATTERNS THEREFORE WE ARE SHORT AT PRESENT AND PROOF IS FOLLOWING PICTURE OF SMS.
NIFTY SHORTED AT 4700 ON 27-08-2009;-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1251432154672&aid=1234097281$pid=1251432154672
INDIAN MARKETS WILL OPEN WEAK AND IF NIFTY SUSTAINS BELOW 4630 AFTER LAST 2 DAYS SELLING AT HIGHER LEVELS THEN MORE WEAKNESS AND RED CLOSING WILL BE SEEN TODAY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(27-08-2009)

ALL TRENDS ARE UP BUT SOME INTRADAY SELLING PATTERNS WERE VISIBLE YESTERDAY THEREFORE SOME DOWN MOVES ARE POSSIBLE TODAY. AS ALL TRENDS ARE BULLISH THEREFORE MORE SELLING IS MUST TODAY FOR ANY TYPE OF DOWN MOVES. AFTER WEAKER GLOBAL CUES AND NEGATIVE OPENING IF NIFTY IS SUSTAINING ABOVE 4630 THEN NO RISK TO RALLY AND AFTER SOME CONSOLIDATION RALLY WILL REMAIN CONTINUED. IF FOLLOW UP SELLING DEVELOPS TODAY THEN MORE DOWN MOVES WILL BE CONSIDERED. AS SOON AS SOME SELLING EMERGED YESTERDAY THEN I TOLD AT 11:45 AM YESTERDAY:-
"RANGE BOUND(4675-4694) TRADING SINCE MORNING AND MARKET IS TRADING ABOVE HALF PERCENT GAINS BUT PRODUCING MIXED INTRADAY PATTERNS THEREFORE TRADING SHOULD BE DONE AFTER MENTIONED RANGE BREAK OUT"
AFTER LITTLE SELLING SIGNALS I WAS CAUTIOUS THEREFORE I GAVE ONLY FOLLOWING NIFTY PUT BUYING CALL:-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1251345508908&aid=1234097281$pid=1251345508908
AFTER WEAKER OPENING TODAY INTRADAY CHARTS ANALYSIS IS MUST FOR FINAL VIEW ON TODAY CLOSING BECAUSE MARKET IS NOT TRENDING BUT RANGE BOUND AND PREPARING FOR NEXT MOVES. AS AND WHEN TODAY CLOSING WILL BE FINALISED WILL BE POSTED. AS FAR AS TRENDS ARE CONCERNED ALL ARE BULLISH AND YESTERDAY SOME SELLING MAY GIVE A DIP ONLY AND FOR CONFIRMED DOWN MOVES FOLLOW UP SELLING IS MUST TODAY THEREFORE WILL BE BETTER TO ANALYSE TODAY INTRADAY CHARTS FOR FINAL CONCLUSIONS.IF NIFTY SUSTAINS BELOW 4630 AFTER YESTERDAY SELLING AT HIGHER LEVELS AND AFTER WEAKER GLOBAL CUES TODAY THEN MORE DOWN MOVES AND TODAY RED CLOSING WILL BE SEEN TODAY.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(26-08-2009)

ALL TRENDS ARE UP AND INDIAN MARKETS ARE NEAR THE TOP OF LAST ONE MONTH RANGE(4353-4731). INDIAN MARKETS TESTED LOWEST OF THE RANGE 5 DAYS BACK AND NOW READY TO TEST ITS TOP. NIFTY SUSTAINED ALMOST WHOLE DAY YESTERDAY ABOVE 4645 AND NOW SET FOR ZOOMING UP. ONLY RESISTANCE RANGE OF THIS RALLY LEFT IS 4685-4715 THEREFORE MORE CONSOLIDATIONS REQUIRE IN THE COMING SESSIONS AND AFTER THIS NIFTY IF NIFTY CROSS BY FORCE 4715 AND SUSTAIN ABOVE IT THEN STRONG AND FAST RALLY WILL BE SEEN IN INDIAN MARKETS BECAUSE TRENDS ARE BULLISH FROM ALL TECHNICAL POINTS. AS INDIAN MARKETS ARE RANGE BOUND FOR THE LAST 3 MONTHS THEREFORE FURTHER CONSOLIDATION,BREAK OUT BY FORCE AND SUSTAINABILITY ABOVE 4715 IS MUST IN THE COMING SESSIONS FOR NEXT RALLY.

AFTER US AND EUROPEAN MARKETS FLAT CUES MAJORITY ASIAN MARKETS ARE IN GREEN AT THIS MOMENT AND GIVING POSITIVE SIGNALS THEREFORE POSITIVE OPENING WILL BE SEEN AND GREEN CLOSING IS ALSO EXPECTED TODAY. AS GOOD BUYING WAS SEEN YESTERDAY AND IF THIS TREND REMAINS CONTINUED TODAY THEN RALLY WILL BE SEEN. AS I AM CAUTIOUS THEREFORE BOUGHT ONLY NIFTY CALL OPTIONS YESTERDAY AND POSITIONS WILL BE INCREASED AFTER GETTING BREAK OUT CONFIRMATIONS. FOR NIFTY CALL OPTIONS BUYING PROOF JUST CLICK LINK;-

http://www.orkut.co.in/Main?uid=8275873050611306001#AlbumZoom.aspx?uid=15126964664090279701&pid=1251260033657&aid=1234097281$pid=1251260033657


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(25-08-2009)

ALL TRENDS ARE UP AND INDIAN MARKETS CLOSED WITH GOOD GAINS YESTERDAY ON THE BACK OF STRONG GLOBAL CUES. I AM CONTINUOUSLY TELLING FOR THE LAST MANY SESSIONS AND ALSO EXPRESSED IN DETAILS THAT INDIAN MARKETS ARE RANGE BOUND FOR THE LAST THREE MONTHS AND NEXT CONFIRMATION WILL COME AFTER BREAK OUT OF THIS RANGE. UNTIL NIFTY IS WITHIN TRADING RANGE TILL THEN TRADING TARGETS SHOULD BE WITHIN RANGE AND STOP LOSS MUST BE STRICTLY KEPT A LITTLE ABOVE TRADING RANGE(FOR SHORT SELLERS) AND A LITTLE BELOW TRADING RANGE(FOR BUYERS). MORE BROADER TRADING RANGE IS (3919-4731) AND LESS BROADER TRADING RANGE IS (4353-4731).AS INDIAN MARKETS GOT SEVERAL TIMES VERY GOOD SUPPORT NEAR 4360 THEREFORE 4353-4731 SHOULD BE USED FOR TREND CONFIRMATIONS.

NIFTY TRADED WITHIN 4600-4645 MOST OF THE TIME YESTERDAY AND SHOULD TRADE FIRST WITHIN THIS RANGE TODAY AFTER LITTLE WEAK OPENING. AS ALL TRENDS ARE UP AND IF NIFTY CONSOLIDATES WITHIN THIS RANGE TODAY THEN IT WILL BE STRONG SIGNAL FOR CONTINUATION OF ON GOING UP MOVES. AS PER MY VIEW TODAY INTRADAY CHARTS WITHIN YESTERDAY RANGE WILL BE CRUCIAL TO DECIDE NEXT MOVES. VERY CLEARLY IF NIFTY SUSTAINS FINALLY ABOVE 4645 THEN WILL TEST 4731 AND STRONG RALLY ABOVE 4731 POSSIBILITIES WILL ALSO INCREASE. IF NIFTY SUSTAINS BELOW 4600 THEN LEVELS NEAR 4353 MAY BE TESTED.

AS MARKETS ARE RANGE BOUND AND HAVE TO PREPARE FOR A MOVE THEREFORE FIRST 2-3 HOURS INTRADAY CHARTS ANALYSIS IS MUST FOR DECIDING NEXT MOVES AND TODAY CLOSING. AS AND WHEN FINAL CONCLUSIONS WILL BE DRAWN WILL BE POSTED ACCORDINGLY IN MID-SESSION OUTLOOKS. FOR CONFIRMATION OF NEXT VERY SHORT TERM TREND 4600-4645 SHOULD WATCHED.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(24-08-2009)

ALL TRENDS ARE UP IN INDIAN MARKETS AFTER GOOD RECOVERY LAST FRIDAY. ALL THE EUROPEAN AND US MARKETS CLOSED WITH GOOD GAINS LAST FRIDAY AND AND WITH THIS COMPLETED CORRECTIONS AS WELL AS CLOSED AT 6 MONTHS HIGHST. ALL THE ASIAN MARKETS ARE BLASTING TODAY MORNING AFTER GETTING THIS MOST POSITIVE SIGNAL AND INDIAN MARKETS WILL RESPOND IT WITH GAP UP OPENING AND COUNTER FIRST STRONG RESISTANCE RANGE OF 4580-4610. IF NIFTY SUSTAINS ABOVE 4610 THEN IT WILL BE MOST POSITIVE SIGNAL FOR INDIAN MARKETS AND IN THAT SITUATION TESTING AS WELL AS CROSSING OF THIS RANGE HIGHEST OF 4731 WILL DEVELOP.
ON GOING RALLY IS IN CORRECTIVE PHASE AT THIS MOMENT AND CORRECTION IS GOING ON WITHIN THE RANGE OF 3919-4731 FOR THE LAST 3 MONTHS. SUPPORTS AND RESISTANCES WITHIN THIS RANGE IS CLEAR IN FOLLOWING EOD CHART:-
http://lh4.ggpht.com/_MdLrfnym5uc/SpIEVmi_w_I/AAAAAAAAAQ4/0AX6K-7gmL0/s400/jcharts.png
GLOBAL CUES ARE EXTREMELY POSITIVE TODAY MORNING AND AFTER GAP UP OPENING GREEN CLOSING WILL BE SEEN AND IS NIFTY SUSTAINS ABOVE 4610 FINALLY THEN THAT WILL BE THE MOST BULLISH SIGNAL FOR INDIAN MARKETS AND POSSIBILITIES OF CROSSING 4731 WILL INCREASE.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(21-08-2009)

I CLEARLY TOLD FOR THE LAST 2 DAYS THAT INDIAN MARKETS ARE RANGE BOUND WITHIN BROADER RANGE(4360-4720) AND ALSO GAVE LAST 3 DAYS RANGE(4350-4500). AS I TOLD NIFTY TRADED WHOLE DAY WITHIN LAST 3 DAYS RANGE YESTERDAY AND PASSED MOST OF THE TIME WITHIN 4350-4390. BREAKING OUT BY FORCE AND SUSTAINABILITY OF FOLLOWING RANGES WILL FIRST GIVE INDICATION AND THEN FINAL CONFIRMATION OF NEXT MOVES;-

1- YESTERDAY RANGE(4350-4390)
2- LAST 4 DAYS RANGE(4350-4500)
3- LAST 24 SESSIONS BROADER RANGE(4360-4720)

AS GLOBAL CUES ARE MIXED THEREFORE AFTER FLAT TO WEAK OPENING NIFTY WILL TRADE FIRST WITHIN YESTERDAY RANGE AND PREPARE FOR NEXT MOVES. MY VIEW IS BEARISH AND EXPECTING RED CLOSING TODAY BECAUSE INTRADAY CHARTS OF MANY STOCKS OF YESTERDAY ARE SHOWING SELLING PATTERNS THEREFORE IF NIFTY SUSTAINS BELOW 4350 THEN SOME DOWN MOVES AND TESTING OF LOWER LEVELS OF BROADER RANGE WILL BE SEEN.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(20-08-2009)

INDIAN MARKETS ARE RANGE BOUND(4350-4500) FOR THE LAST 3 DAYS AT THE LOWER LEVELS OF BROADER RANGE(4360-4720) AFTER GOOD SELLING AT HIGHER LEVELS. INTRADAY CHARTS FORMATIONS WITHIN THIS RANGE WILL GIVE FIRST INDICATION AND BREAK OUT OF THIS RANGE WILL GIVE CONFIRMATION OF NEXT MOVE. ALTHOUGH SOME SELLING WITHIN LAST 3 DAYS RANGE BUT NOT SUFFICIENT THEREFORE IT IS EXPECTED THAT NIFTY WILL PASS FEW MORE SESSIONS WITHIN THIS RANGE AND PREPARE FOR NEXT MOVE. SELLING OF NEXT SESSIONS WITHIN THIS RANGE WILL MEAN SHARP FALL TO TEST 4200 AND BUYING WILL MEAN SLOW UP MOVE WITH CONSOLIDATION. MONSOON,SWINE FLU AND GLOBAL MARKETS WILL DECIDE NEXT BIG MOVES AND BREAK OUT OF BROADER RANGE OF INDIAN MARKETS.

I AM TELLING FOR THE LAST FEW SESSIONS FOR THE LOWER LEVEL OF 4360 AND NIFTY GOT INTRADAY SUPPORT EXACTLY AT THIS LEVEL YESTERDAY. AS MARKET IS RANGE BOUND AND PREPARING THEREFORE CONFIRMATION OF POSITIONS FROM TODAY INTRADAY CHARTS FORMATIONS ARE MORE IMPORTANT THAN TODAY CLOSING. FINAL CONCLUSIONS WILL BE POSTED AFTER CONFIRMATIONS EITHER FOR RED/ GREEN CLOSING OR MARKET PREPERATIONS.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(19-08-2009)

LONG TERM TREND IS UP,SHORT TERM IS DOWN AND INTERMEDIATE TERM IS UP ABOVE 4360 AND IF NIFTY SUSTAINS BELOW IT THEN WILL BE DOWN. INDIAN MARKETS ARE TRADING WITHIN BROADE RANGE OF (4360-4720) AND THIS RANGE BREAK OUT WILL GIVE BIG MOVE TO INDIAN MARKETS. GOOD SELLING AT HIGHER LEVELS THEREFORE COMPLETE CONSOLIDATION IS REQUIRED FOR ANY UPSIDE BREAK OUT. ALTHOUGH MY VIEW IS BEARISH BUT WOULD LIKE TO GET MORE CONFIRMATIONS AND IF FRESH SELLING DEVELOPES THEN MORE DOWN MOVES AND BREAK DOWN POSSIBILITIES OF 4380 WILL INCREASE.

IT IS EXPECTED THAT TODAY TRADING RANGE WILL BE 4360-4485 AND 4420-4485 WILL GIVE FIRST INDICATION TO INDIAN MARKETS NEXT MOVE. I AM EXPECTING DOWN MOVES AFTER SOME RANGE BOUND TRADING IN THE COMING SESSIONS. FLAT OPEN AND AFTER THAT TRADING WITHIN 4420-4485 IS EXPECTED. FOR TODAY MORE IMPORTANT IS INTRADAY CHARTS FORMATION BECAUSE THAT WILL GIVE DIRECTION TO NEXT BIG MOVE. AS MARKET IS IN PREPERATION MODE AND CONFIRMATION IS REQUIRED FROM INTRADAY CHARTS FOR NEXT MOVE THEREFORE ANALYSIS OF FIRST 3 HOURS INTRADAY CHARTS IS MUST FOR DECIDING NEXT MOVE.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(18-08-2009)

LONG TERM AND INTERMEDIATE TERM TRENDS ARE STILL UP AFTER YESTERDAY SHARP FALL AND AS I TOLD FOR INDIAN MARKETS REMAINING IN BROADER RANGE(4360-4720) SAME WAS MAINTAINED BY MARKET YESTERDAY. UNTIL NIFTY IS WITHIN THIS RANGE AND SUSTAINING ABOVE 4360 TILL THEN UP TRENDS ARE SAFE. AS GOOD SELLING AT HIGHER LEVELS THEREFORE FOR ANY UPMOVE GOOD CONSOLIDATION REQUIRES NEAR 4400 THEREFORE TRADING NEAR THIS LEVEL REQUIRES COMPLETE ATTENTION. IF NIFTY SUSTAINS ABOVE 4400 THEN WILL TRY TO TEST RESISTANCES AT HIGHER LEVELS AND IF NIFTY SUSTAINS BELOW 4400 AND MOVE BELOW 4360 THEN THAT WILL CERTAINLY BE REAL PROBLEMSOME FOR BULLISH MOVES BECAUSE WITH THIS INTERMEDIATE TERM TREND WILL TURN DOWNWARD AND INDIAN MARKETS WILL REMAIN IN DOWN TREND FOR LONGER PERIOD.

TODAY IS THE DAY WHEN INDIAN MARKETS WILL PREPARE FOR A MOVE BETWEEN 4370-4410 AND BREAK OUT OF THIS RANGE WILL BE THE FIRST SIGNAL FOR NEFT MOVE. AS PER MY VIEW TODAY IS A PREPERATION DAY AND GLOBAL CUES ARE ALSO QUIET THEREFORE AFTER FLAT OPENING NIFTY WILL TRADE FIRST BETWEEN 4370-4410 AND WHICH SIDE NIFTY WILL SUSTAIN ON THAT SIDE MOVES IN FOLLOWING MANNER WILL BE SEEN;-

1- ABOVE 4410 FAST MOVE MAY BE UPTO 4550 THEN THERE WILL BE RESISTANCES BETWEEN 4570-4600 AND THEN NEAR 4700.

2- BELOW 4370 IF NIFTY SUSTAINS BELOW 4360 THEN SHARP FALL WILL BE SEEN.

FOR NEXT TRADING SESSIONS WATCH 4370-4410 AND TRADE ACCORDING TO BREAK OUT OF THIS RANGE.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(17-08-2009)

AS ALL TRENDS ARE UP THEREFORE I TOLD THESE LINES LAST FRIDAY:-"AS PER MY VIEW INDIAN MARKETS WILL REMAIN RANGE BOUND IN THE BROADER RANGE(4360-4720) IN THE COMING SESSIONS BECAUSE THERE IS GOOD SELLING BETWEEN 4660-4720 AND BUYING BETWEEN 4360-4420"
INTRADAY CHARTS WITHIN THIS RANGE(4360-4720) WILL DECIDE NOW THE SIDE OF BREAK OUT AND BREAK OUT SIDE OF THIS RANGE WILL GIVE BIG MOVE IN THE DIRECTION OF BREAK OUT.NOW ONLY INTRADAY CHARTS OF COMING SESSIONS WILL SECIDE THE DIRECTION OF BREAK OUT. GENUINE SELLING FORMATIONS LAST FRIDAY CONFIRMING FIRSTLY DOWN MOVE. AS LAST FRIDAY WAS BUSY DAY FOR ME AND I COULD NOT POST MID-SESSION OUTLOOKS BUT FOLLOWING SMS WILL PROOVE THAT I WAS BEARISH ON INDIAN MARKETS WITHIN FIRST 5 MINUTES AND AFTER BOOKING PROFIT I AGAIN GAVE NIFTY F&O SHORTING CALL WHICH WAS ROLLED OVER AND WILL GIVE GOOD PROFITS AFTER GAP DOWN OPENING TODAY.JUST CLICK SMS PICTURE LINK AND VERIFY MY ABOVE STATEMENT ON YOURS OWN;-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1250362718598&aid=1234097281$pid=1250362718598
AFTER GENUINE SELLING OF 14-08-2009 GLOBAL CUES ARE ALSO BEARISH TODAY THEREFORE INDIAN MARKETS WILL OPEN GAP DOWN AS WELL AS CLOSE IN RED TODAY BUT REAL CONCERN IS ON GOING UPTREND. UNTIL NIFTY IS ABOVE 4360 TILL THEN INTERMEDIATE TREND IS SAFE AND AS PER MY VIEW INDIAN MARKETS WILL REMAIN WILL REMAIN RANGE BOUND IN THE BROADER RANGE(4360-4720) IN THE COMING SESSIONS. UNTIL INDIAN MARKETS ARE RANGE BOUND TILL THEN TRADERS MAY TRADE FOR TARGETS WITHIN THIS RANGE.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(13-08-2009)

INDIAN MARKETS COMPLETED INTERMEDIATE TERM CORRECTION AND UP MOVE STARTED ON 13-07-2009 AT 3919 AND MY OUTLOOKS OF 13TH JULY AND BEFORE ARE LIVE PROOF OF THIS FACT THAT I TOLD WITH CALCULATION FOR CORRECTION COMPLETION AT 3930 AS WELL AS I ALSO TOLD AT (02:21 PM) ON 13TH JULY FOR "BUYING AND UPMOVE CONSIDERATION". IN THE SAME MANNER I WAS CLEARLY TELLING FOR THE LAST 2 DAYS FOR WATCHING 4380 AND NIFTY GOT SUPPORT AND RECOVERED FROM 4373.80 YESTERDAY. I ALSO INDICATED YESTERDAY AT 01:51 PM FOR "VERY SHORT TERM UP MOVE" WHEN NIFTY WAS TRADING AT 4389.45.FOLLOWING PICTURE OF SMS IS LIVE PROOF OF TRADING ACCORDING TO MY ANALYSIS BECAUSE NIFTY FUT AND CALL OPTIONS BUYING SMS WAS SENT AT 1:45:24 PM WHEN NIFTY AUG FUT WAS TRADING AT 4382:-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1250135964840&aid=1234097281$pid=1250135964840
LONG TERM TREND IS ALREADY UP AND INTERMEDIATE TERM SURVIVED AT 4380 YESTERDAY THEREFORE IT IS ALSO UP. ALTHOUGH MONSOON WEAKNESS AND SWINE-FLU CONCERNS ARE THERE BUT AFTER POSITIVE GLOBAL CUES IF NIFTY SUSTAINS ABOVE 4510 THEN UPMOVE AND RALLY POSSIBILITIES WILL INCREASE. YESTERDAY INTRADAY CHARTS ARE SHOWING GOOD BUYING AT LOWER LEVELS THEREFORE FRESH BULLISH MOVE POSSIBILITIES ARE GOOD.
IT IS EXPECTED THAT NIFTY WILL CLOSE IN GREEN AFTER STRONG OPEN AND IF SUSTAINS ABOVE 4510 THEN FRESH RALLY WILL BE SEEN IN INDIAN MARKETS.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(12-08-2009)

LONG TERM TREND IS UP,SHIRT TERM TREND IS DOWN AND INTERMEDIATE TERM WILL BE DOWN BELOW 4380. IF INTERMEDIATE TERM TURNS DOWN THEN THAT WILL BE A BLOW TO INDIAN MARKETS. AS INDIAN MARKETS WILL TRADE IN RED FIRST AFTER WEAK OPENING THEREFORE WATCH 4380 ALSO AND IF SUSTAINS BELOW IT THEN SHARP DOWN MOVES WILL BE SEEN. ALTHOUGH LONG TERM TREND IS UP AND UNTIL IT IS TILL THEN RALLY HOPES CAN NOT BE GIVEN UP BUT FOLLOWING THREE NEGATIVE FACTOTOS HAVE MARRED RALLY:-
1- WEAK MONSOON
2- SWINE-FLU
3- WEAKING GLOBAL MARKETS.
INDICATORS HAVE STARTED TO CONFIRM WEAKNESS AND IF NIFTY SUSTAINS BELOW 4380 THEN NEXT HOPE FOR ON-GOING RALLY WILL BE FOLLOWING SUPPORTS:-
1- 4200
2- 3919
3- 200 EMA AND IT IS TODAY AT 3873.
I AM NON STOP TELLING FOR DOWN MOVES JUST BEFORE ITS BEGINING AND STILL EXPECTING MORE DOWN MOVES THEREFORE HOLDING SHORTING POSITIONS. MY SHORTING PROOF IS FOLLOWING SMS THROUGH WHICH I SENT SHORTING MESSAGE YESTERDAY AND MAY COVER WITH GOOD PROFITS IF I COVER IMMEDIATELY AFTER OPENING TODAY. JUST CLICK LINK TO VERIFY SMS:-
http://www.orkut.co.in/Main?uid=8275873050611306001#AlbumZoom.aspx?uid=15126964664090279701&pid=1250049495331&aid=1234097281$pid=1250049495331
RED CLOSING AFTER RED OPENING IS EXPECTED TODAY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(11-08-2009)

LONG TERM AND INTERMEDIATE TERM TRENDS ARE UP. SHORT TERM TREND IS DOWN AND IT STARTED DOWNWARD MOVE FROM 06-08-2009 AND I CLEARLY SHOWED MY DOUBTS ON UPTREND IN THESE WORDS:-
"ALTHOUGH ALL WHOLE SCENE IS BULLISH BUT UPTREND CONFIRMATION IS MUST UNDER THE SHADOW OF SWINE FLU FEAR AND IT WILL COME WHEN NIFTY WILL SUSTAIN ABOVE 4720"
I WAS BULLISH BUT FROM THE TOP I TURNED BEARISH. MY OUTLOOKS OF 7TH & 10TH AUG ARE LIVE PROOF OF THIS FACT THAT I CLEARLY TOLD FOR DOWN MOVES. WHEN SGX NIFTY WAS TRADING +93 THEN ALSO I TOLD FOR RED CLOSING YESTERDAY AND :-
"PERHAPS I AM ONE OF THE VERY VERY FEW THOSE PERSONS WHO HAD COURAGE TO TELL FOR RED CLOSING TODAY AFTER WATCHING BLASTING GLOBAL MARKETS AND SGX NIFTY TRADING AT +93 POINTS"
FOLLOWING 2 PICTURES OF SMS WILL CLEARLY PROOVE THAT I WAS BEARISH IN TRADING ALSO BECAUSE:-
1- I BOOKED PROFIT OF MY BUYING CALL WITHIN FIRST 2 MINUTES ON 06-08-2009
2- I GAVE ONLY SELLING CALLS ON 7TH AND 10TH AUG AND BOOKED IN WHICH I BOOKED PROFITS.
3- MY LAST CALL IS ALSO SELLING IN WHICH NIFTY AUG FUT WAS SOLD AT 4476 AND YESTERDAY LAST TRADING RATE WAS 88 POINTS DOWN AT 4388 AND TODAY COVERING AT OPENING WILL ALSO GIVE GOOD PROFITS.
LINK OF SMS-1:-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1249957119280&aid=1234097281$pid=1249957119280
LINK OF SMS-2:-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1249957123403&aid=1234097281$pid=1249957123403

TRADERS SHOULD CHANGE THEIR VIEWS IMMEDIATELY ACCORDING TO MARKET THEN PROFITS ARE GENERATED. I WAS ALSO BULLISH BUT AS SOON AS I FOUND DOWN MOVES SIGNALS I TURNED BEARISH WHICH ARE PROOVED FROM MY LAST 3 DAYS POSTINGS AND PICTORES OF SMS.

ALL TRENDS WERE UP BUT BELOW AVERAGE MONSOON AND SWINE FLU SPREADING NEWS STOPPED INDIAN MARKETS RALLY. NOW SHORT TERM TREND IS DOWN. IF NIFTY SUSTAINS BELOW 4380 THEN INTERMEDIATE TERM TREND WILL ALSO TURN DOWNWARD AND THEN MORE DOWN MOVES WILL BE SEEN. AS INTERMEDIATE TERM IS UP AND 4380 IS GOOD SUPPORT ALSO THEREFORE THIS LEVEL SHOULD BE WATCHED. NEXT SOPPORTS ARE;-

1- 4380
2- 4200
3- 3920

4380 SHOULD BE WATCHED FIRST AND SUSTAINING BELOW WILL GIVE SHARP DOWN MOVES. NIFTY WILL TRADE FIRST ITS LAST 15 MINUTES RANGE(4400-4340) OF YESTERDAY AND ITS BREAK OUT WILL GIVE NEXT VERY SHORT TERM MOVE CONFIRMATION. MARKET REQUIRE COMPLETE CONSOLIDATION BEFORE ANY UP-MOVE THEREFORE 4400 IS EXPECTED TO RETEST AGAIN TODAY AND REAL RISK TO RALLY WILL BE BELOW 4380.

AFTER RED OPENING 4400/4380 SHOULD BE WATCHED. IF SUSTAINS BELOW 4380 THEN MORE DOWN MOVES AND RED CLOSING WILL BE SEEN TODAY.



(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(10-08-2009)

LONG TERM AND INTERMEDIATE TERM TRENDS ARE UP AND SHORT TERM IS DOWN. SELLING FORMATIONS IN INTRADAY CHARTS OF LAST FRIDAY THEREFORE FOR ANY UP-MOVE GOOD CONSOLIDATION IS REQUIRED. IT IS EXPECTED THAT IN CONSOLIDATION PROCESS INDIAN MARKETS WILL TRADE WITHIN LAST FRIDAY RANGE IN THE COMING SESSIONS. ASIAN MARKETS TRADING WITH GOOD GAINS AFTER STRONG CUES FROM US MARKETS AND IT IS EXPECTED THAT INDIAN MARKETS WILL TRADE FIRST WITHIN FRIDAY RANGE(4465-4580) AFTER POSITIVE OPENING. ALTHOUGH SGX NIFTY IS TRADING +90 AT THIS MOMRNT BUT I WOULD LIKE TO DRAW FINAL CONCLUSION FOR ANY RALLY FROM HERE AFTER CONFIRMING FRESH CONSOLIDATION PATTERNS TODAY.

ALTHOUGH I AM EXPECTING RED CLOSING AFTER GREEN OPENING BUT GLOBAL CUES ARE TOO MUCH STRONG TODAY THEREFORE WOULD LIKE TO WATCH FIRST 3 HOURS TRADING PATTERNS FOR FINAL CONCLUSION.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(07-08-2009)

INDIAN MARKETS FALL SHARPLY YESTERDAY AND FIRST TIME IN LAST 4 WEEKS I CLEARLY I EXPRESSED MY DOUBTS ON RALLY IN THESE WORDS:-

"ALTHOUGH ALL WHOLE SCENE IS BULLISH BUT UPTREND CONFIRMATION IS MUST UNDER THE SHADOW OF SWINE FLU FEAR AND IT WILL COME WHEN NIFTY WILL SUSTAIN ABOVE 4720. AS PER MY VIEW THE RANGE OF 4630-4720 WILL DECIDE NEXT TREND AND POSITIONS SHOULD BE MADE ACCORDING TO THE BREAKING OUT POSSIBILITIES OF THIS RANGE"

GENUINE SELLING FORMATIONS WERE SEEN YESTERDAY AND LAST HOURS FALL WAS SO FAST THAT IT TRAPPED BUYERS AND DID NOT GIVE CHANCE TO SELL YESTERDAY. INDIAN MARKETS CLOSED YESTERDAY BELOW 5 DAYS LOWEST AND SHORT TERM CORRECTION HAS BEEN STARTED WITH YESTERDAY DOWN MOVE. ALTHOUGH MORE FALL EXPECTED IN COMING SESSIONS BUT HIGH VOLTALITY WILL BE SEEN.

AS GLOBAL MARKETS ARE ALSO WEAK TODAY THEREFORE WEAK OPENING,FIRSTLY RED ZONE TRADING AND HUGE VOLTALITY WILL BE SEEN. MARKETS MAY MOVE INTO POSITIVE AREA OR CLOSE ALSO IN GREEN BUT THAT WILL NOT MEAN AT PRESENT THAT UP MOVE HAS BEEN STARTED BECAUSE AFTER YESTERDAY GOOD SELLING MORE DOWN MOVES ARE CONFIRM.

RED OPENING AND RED CLOSING IS EXPECTED TODAY BUT SELLING SHOULD BE DONE AFTER FRESH SELLING FORMATIONS.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(06-08-2009)

ALL TRENDS ARE UP AND INDIAN MARKETS CLOSED NEAR DAY'S HIGH YESTERDAY AS WELL AS INDIAN MARKETS ARE NEAR THE TOP OF THIS RALLY. YESTERDAY INTRADAY CHARTS OF MANY STOCKS ARE ALSO SHOWING BUYING PATTERNS. INDIAN MARKETS ARE POISED FOR NEXT UPMOVES FUNDAMENTALLY,ECONOMICALLY AND TECHNICALLY BUT SWINE FLU NEWS IS SPREADING ALL OVER TODAY. THIS NEWS IS ON FRONT PAGE OF NEWS PAPERS TODAY AND NEWS CHANNELS ARE ALSO BROADCASTING ITS REPORTS TODAY THEREFORE IT IS DISTURBING BULLISH SENTIMENT. ITS IMPACT HAS TO BE UNDERSTOOD BECAUSE IF IT SPREADS IN INDIA THEN IT WILL HARM INDIAN ECONOMY AND STOCK MARKETS WILL ALSO SUFFER.

ASIAN MARKETS ARE MIXED AFTER US AND EUROPEAN MARKETS NEGATIVE CLOSING THEREFORE SENTIMENT IS WEAKER TODAY MORNING AND INDIAN MARKETS WILL BEGIN WITH RED OPENING. INDIAN MARKETS GOT VERY GOOD SUPPORT AT LOWER LEVELS YESTERDAY AND UNTIL NIFTY IS ABOVE 4530,INDIAN MARKETS'RALLY IS SAFE THEREFORE FOR PRECAUTION THIS LEVEL SHOULD BE WATCHED FOR TREND CONFIRMATION. ALTHOUGH ALL WHOLE SCENE IS BULLISH BUT UPTREND CONFIRMATION IS MUST UNDER THE SHADOW OF SWINE FLU FEAR AND IT WILL COME WHEN NIFTY WILL SUSTAIN ABOVE 4720. AS PER MY VIEW THE RANGE OF 4630-4720 WILL DECIDE NEXT TREND AND POSITIONS SHOULD BE MADE ACCORDING TO THE BREAKING OUT POSSIBILITIES OF THIS RANGE.

MARKETS WILL BE WATCHED FIRST AFTER WEAKER OPENING TODAY AND FINAL VIEW FOR TODAY CLOSING AND NEXT TREND WILL BE FORMED AFTER ANALYSISING FIRST 3 HOURS INTRADAY CHARTS. I NEVER LIKE TO GUESS AND WILL POST MY FINAL VIEW AFTER CONFIRMATION.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(05-08-2009)

ALL TRENDS ARE UP AND INDIAN MARKETS ARE AT THE HIGHEST LEVELS OF RALLY THEREFORE SENTIMENTS WAS HEATED AND PROFIT BOOKING AS WELL AS RED CLOSED WAS SEEN YESTERDAY ON THE BACK OF WEAKER GLOBAL CUES. IT HAS BEEN OBSERVED THAT MOMENTUM SLOWED DOWN IN ALMOST ALL THE GLOBAL MARKETS AND SAME FEATURE IS VISIBLE IN INDIAN MARKETS ALSO. NIFTY IS TRADING WITHIN THE RANGE OF 4600-4715 FOR THE LAST 3 SESSIONS. MIXED FORMATIONS HAVE BEEN OBSERVED FROM YESTERDAY INTRADAY CHARTS ANALYSIS AND MORE CONSOLIDATION REQUIRES TODAY FOR FURTHER UP MOVES. IMMEDIATE SUPPORTS ARE AS FOLLOWS:-

1- 4650
2- 4630
3- 4585
4- GAP BETWEEN 4570-4585

ONLY RESISTANCE RANGE IS:- 4690-4715


ALMOST ALL THE GLOBAL MARKETS ARE RANGE BOUND AND IT SEEMS THAT CONSOLIDATING FOR THE LAST FEW SESSIONS AND IT IS EXPECTED THAT THIS PROCESS WILL ALSO BE SEEN IN THE INDIAN MARKETS AND AFTER CONSOLIDATION WILL BREAK OUT WITHIN NEXT COUPLE OF SESSIONS.

AS PER MY VIEW INDIAN MARKETS WILL OPEN AND TRADE FIRST TRADE WITHIN YESTERDAY TRADING RANGE(4650-4715) AND ITS BREAK OUT WILL GIVE NEXT MOVE CONFIRMATIONS. TODAY TRADING PATTERNS AND BREAK OUT OF YESTERDAY RANGE ARE MORE IMPORTANT THAN OPENING AND CLOSING. TRADING PATTERNS WILL GIVE INDICATIONS AND BREAK OUT OF YESTERDAY RANGE WILL GIVE CONFIRMATIONS OF NEXT MOVE. ALTHOUGH MIXED INTRADAY CHARTS FORMATIONS YESTERDAY BUT I AM EXPECTING CONSOLIDATION AND GREEN CLOSING TODAY AS WELL AS RALLY EITHER FROM TODAY OR TOMORROW. FOR PRECAUTION CONFIRMATION FROM YESTERDAY RANGE(4650-4715) BREAK OUT IS MUST.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(04-08-2009)

MY MARKET OUTLOOKS ARE LIVE PROOF OF THIS FACT THAT I AM BULLISH ON INDIAN MARKET FROM 13-07-2009 WHEN NIFTY FORMED 3919. I AM TELLING AGAIN AND AGAIN FOR CROSSING 4693 AND NIFTY DONE IT YESTERDAY. ANYONE CAN EASILY VERIFY THAT ALMOST ALL MY INDIAN AND GLOBAL MARKETS PREDICTINS ARE PROOVING TRUE THEREFORE GO THROUGH CAREFULLY MY OUTLOOKS AND CERTAINLY WILL BE HELPFUL IN TRADING. NIFTY CORRECTION COMPLETED AFTER GAINING 774(4693-3919) POINTS. FOR SHORT TERM TRADING NIFTY TARGETS ARE AS FOLLOWS:-

1ST TARGET- 13.0% OF 774 IS= 101+4693=4794
2ND TARGET- 23.6% OF 774 IS= 183+4693=4876
3RD TARGET- 38.2% OF 774 IS= 296+4693=4989
4TH TARGET- 50.0% OF 774 IS= 387+4693=5080
5TH TARGET- 61.8% OF 774 IS= 401+4693=5094
6TH TARGET- 76.4% OF 774 IS= 591+4693=5284
7TH TARGET- 87.0% OF 774 IS= 673+4693=5366
8TH TARGET- 100.0% OF 774 IS= 774+4693=5467

ALL TRENDS ARE UP AND INDIAN MARKETS BROKEN OUT YESTERDAY AND SENTIMENT IS UPBEAT TODAY MORNING THEREFORE POSITIVE ZONE TRADING WILL BE SEEN BUT PROFIT BOOKING AND VOLTALITY IS EXPECTED TODAY. IF NIFTY DOES NOT SUSTAIN ABOVE 4790 WITHIN FIRST 15 MINUTES THEN SHARP INTRADAY CORRECTION MAY BE SEEN TODAY. TREND IS POSITIVE UPMOVES AND GREEN CLOSING IS EXPECTED TODAY BUT CONFIRMATION THROUGH FIRST 3 HOURS INTRADAY CHARTS ANALYSIS OR SUSTAINING ABOVE 4790 IS MUST FOR DETERMINING TODAY GREEN CLOSING.



(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK-(PART-1)(03-08-2009)

PRE-OPEN MARKET OUTLOOK-(PART-1)(03-08-2009)
PLEASE GO THROUGH FIRST PRE-OPEN MARKET OUTLOOK OF 27-07-2009 IN WHICH I PRESENTED BRIEF HISTORY OF POST 2001 RALLIES AND ITS CORRECTIONS AS WELL AS TARGETS OF THIS ON GOING BULL RALLY. I AM NON STOP TELLING FOR SLOW UP MOVES WITHIN THE RANGE OF 4525-4693 AND LAST STRONG RESISTANCE RANGE OF 4650-4693. NIFTY TRADED WITHIN LAST STRONG RESISTANCE RANGE LAST FRIDAY AND AFTER HECTIC VOLATILE MOVES CLOSED JUST BELOW IT AT 4,636.45. IT IS EXPECTED THAT NIFTY WILL TRADE WITHIN THE LAST STRONG RESISTANCE RANGE OF 4650-4693 IN THE COMING SESSIONS AND AFTER CROSSING 4693 FAST UPMOVES WILL BE SEEN. I GAVE THE MINIMUM TARGET OF 6359 ON 27-07-2009 AND RESISTANCES ZONES AS WELL AS FAST MOVEMENT ZONES OF THIS UP MOVE ARE PRESENTED IN THE FOLLOWING PICTURE. TRADING WITH THE HELP OF THESE MOVES WILL BE VERY MUCH HELPFUL FOR TRADERS:-

100% FIBONACCI RETRACEMENT OF LAST CORRECTIVE WAVE HAS BEEN ALMOST COMPLETED AND 'ABC' CORRECTION OF ON GOING RALLY HAS ALSO BEEN COMPLETED. NEXT FAST UPMOVE WILL START AFTER SUSTAINING ABOVE THE 1ST WAVE HIGHEST OF 4693 AND IN THAT SITUATION NEXT FIBONACCI TARGET WILL BE 161.8% LEVEL AND IT IS ABOVE 6000.

5 WAVES WERE FORMED IN 2008 CORRECTION AND 5TH CORRECTIVE WAVE STARTED ON 12-08-2008 FROM 4650. IN THE ON GOING RALLY NIFTY MADE THE HIGHEST OF 4693 ON 12-06-2009. AFTER THE COMPLETION OF INTERMEDIATE TERM CORRECTION NIFTY IS TRADING AT PRESENT NEAR THE TOP OF 12-08-2008(4650) AS WELL AS NEAR THE TOP OF 12-06-2009(4693). AFTER SUSTAINING ABOVE 4693 NIFTY WILL NOT ONLY 100% RETRACE LAST CORRECTIVE WAVE BUT ALSO TRADE AT THE HEIGHTEST OF ON GOING RALLY AND IT WILL BE CONFIRMATION OF 3RD IMPULSIVE WAVE. IT WILL CLEARLY MEAN BEGINING OF FRESH BULLISH PHASE. INDICATORS IN THE FOLLOWING NIFTY WEEKLY CHART WILL CLEARIFY POSSIBILITIES OF NEXT RALLY:-

ANALYSIS FROM NIFTY WEEKLY CHART;-

1- WEEKLY CLOSING AT THE HIGHEST LEVEL OF ON GOING RALLY ON 31-07-2009. THUS GIVING UP TREND CONFIRMAION.
2- 3 CONSECUTIVE POSITIVE WEEKLY CLOSING AFTER COMPLETION OF INTERMEDIATE TERM CORRECTION. THUS GIVING UP TREND SIGNAL.
3- MACD- MACD LINE IS ABOVE AVERAGE LINE AND BOTH LINES ARE CLESRLY MOVING UPWARD. IN INTERMEDIATE CORRECTION MACD LINE GOT SUPPORT ABOVE AVERAGE LINE AND STARTED TO MOVE UP THEREFORE POSITIVE.
4- SLOW STOCHASTIC:- BOTH LINES ARE POSITIVE AND MOVING UPWARD IN POSITIVE ZONE ABOVE EQUALIBRIUM LINE AND NOT IN OVERBOUGHT ZONE THEREFORE POSITIVE.
5- ROC- MOVING DOWN BUT IN POSITIVE ZONE. ALTHOUGH NOT BULLISH BUT SUCH TYPE OF FORMATIONS ARE POSSIBLE AFTER CORRECTIONS THEREFORE NOT NEGATIVE.
6- RSI- MOVING UPWARD IN POSITIVE ZONE AND NOT IN OVERBOIGHT ZONE THEREFORE POSITIVE.


7- WILLIAM % R- ALTHOUGH IN OVERBOUGHT ZONE BUT IT HAS CHARACTER OF REMAINING IN OVERBOUGHT ZONE FOR MANY MONTHS DURING BULL RALLY THEREFORE POSITIVE.

ALL TRENDS ARE POSITIVE AND INDIAN MARKETS ARE ALL SET FOR RALLY FROM HERE. AS INDIAN MARKETS HAVE TO CONSOLIDATE FOR CROSSING THEREFORE INDIAN MARKETS WILL TRADE FIRST WITHIN FRIDAY RANGE(4590-4670). AS GLOBAL CUES ARE LITTLE POSITIVE THEREFORE AFTER GREEN OPENING INDIAN MARKETS WILL CONSOLIDATE FIRST WITHIN FRIDAY RANGE AND CROSSING UPWARD OF THIS RANGE WILL GIVE ALMOST CONFIRMATION OF NEXT RALLY(FAST UP MOVE) FROM HERE. AS PER MY VIEW NIFTY WILL CROSS AND SUSTAIN ABOVE 4693 IN THE COMING SESSIONS. ALTHOUGH I AM EXPECTING GREEN CLOSING TODAY BUT FLAT CLOSING IS ALSO POSSIBLE IN THE LIGHT OF INDIAN MARKETS RANGE BOUND TRADING IN RESISTANCE ZONE. IT IS MY UNDERSTANDING BEFORE OPENING BUT MANY TIMES NEXT MOVE CONFIRMATION COMES IMMEDIATELY AFTER OPENING OR AFTER ANALYSISING 2/3 HOURS INTRADAY CHARTS. IF ANY CHANGE IN MY VIEW THEN I SHALL POST DURING TRADING HOURS. VIEW IS BULLISH AND GREEN OPENING AS WELL AS GREEN CLOSING POSSIBILITIES ARE MORE.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(31-07-2009)

ALTHOUGH CHINESE MARKETS CRASH ON 29-07-2009 WAS MOST UNEXPECTED BUT ALL GLOBAL MARKETS AGAIN STARTED UP MOVES AFTER GETTING POSITIVE CUES FROM US MARKETS THEREFORE INDIAN MARKETS WILL ALSO RESPOND GLOBAL RALLY WITH POSITIVE OPENING TODAY. I AM AGAIN AND AGAIN TELLING THAT INDIAN MARKETS ARE TRADING WITHIN RESISTANCE ZONE OF 4525-4693 THEREFORE UPMOVES REQUIRE CONSOLIDATION AT EVERY RISE. LAST STRONG RESISTANCE RANGE IS 4650-4693 AND INDIAN MARKETS WILL SHOW SHARP UPMOVES AFTER CROSSING THIS RANGE. NOW ALL TRENDS ARE UP INDIAN MARKETS ARE READY TO CROSS 4693 UPTO NEXT WEEK.
ALL GLOBAL MARKETS ARE BULLISH TODAY THEREFORE GLOBAL CUES ARE VERY MOCH STRONG TODAY MORNING. GREEN CLOSING IS EXPECTED AFTER POSITIVE OPEN BUT MARKET MAY BE VOLATILE AND BUYING SHOULD BE DONE AFTER COMPLETION OF INTRADAY CORRECTIONS. I AM AGAIN REPEATING THAT UP MOVES WILL BE SLOW UPTO 4693.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(30-07-2009)

INDIAN MARKETS MOVED DOWN SHARPLY AFTER SHANGHAI INDEX CRASH YESTERDAY BUT NIFTY COULD NOT MOVED BELOW INTERMEDIATE BOTTOM OF 4380 AND RECOVERED FROM 4421 THEREFORE LONG TERM AND INTERMEDIATE TERM TRENDS ARE VERY MUCH INTACT. I AM CONTINUOUSLY TELLING THAT INDIAN MARKETS ARE WITHIN THE RESISTANCE RANGE OF 4525-4693 THEREFORE UP MOVES WILL BE SLOW. MARKETS WILL CONSOLIDATE FIRST AND AFTER THAT WILL MOVE UP AND DURING THIS PROCESS IT WILL TAKE ITS OWN TIME. IN STOCK MARKETS WE SHOULD ALWAYS CONSIDER ALL THE POSSIBILITIES BECAUSE GENERAL TRADERS CAN NEVER LEAD BUT HAVE TO FOLLOW MARKETS. ONE MORE DEVELOPMENT HAS TO BE KEPT IN MIND THAT INDIAN MARKETS MOVED DOWN YESTERDAY AFTER FORMING LOWER BOTTOM OF THIS RALLY. AS MOST OF THE STOCKS ARE SHOWING BUYING PATTERNS THEREFORE UPMOVE POSSIBILITIES ARE HIGH AND I AM ALSO EXPECTING CONTINUATION OF RALLY BUT FOR PRECAUTIONS COMING SESSIONS INTRADAY CHARTS ANALYSIS IS MUST. IF FOLLOW UP SELLING DOES NOT DEVELOP IN THE COMING SESSIONS AND NIFTY MAINTAINS ABOVE 4380 THEN ON GOING UPMOVE IS VERY MUCH SAFE BUT IT IS CONFIRM THAT NIFTY WILL PASS SOME MORE SESSIONS WITHIN THE RANGE OF 4380-4693. FOR CROSSING 4693 MARKET WILL TAKE SOME MORE TIME BECAUSE AS PER MY VIEW TOO MUCH CONSOLIDATION IS STILL LEFT. FOR MAINTAINING OF THIS RALLY 4450 SHOULD ALSO BE WATCHED BECAUSE IT IS GOOD SUPPORT AND NIFTY SUSTAINED ABOVE IT AFTER YESTERDAY FALL.

MORE OR LESS ALL THE ALOMOST ALL THE ASIAN MARKET ARE MOVING TRADING NEAR THEIR YESTERDAY CLOSING THEREFORE SENTIMENT IS CALM THEREFORE INDIAN MARKETS WILL OPEN FLAT AND WILL TRADE TODAY ACCORDING TO ITS MARKET POSITIONS BECAUSE TODAY IS LAST DAY OF DERIVATIVE SETTLEMENT.

AS MARKET HAS TO PREPARE FOR NEXT MOVE THEREFORE INTRADAY CHARTS ANALYSIS OF FIRST 3 HOURS ARE MUST FOR DECIDING NEXT MOVES AND TODAY CLOSING.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(29-07-2009)

TECHNICALLY CHARTS POSITIONS ARE ALMOST SAME BECAUSE MARKETS ARE PREPARING FOR A MOVE THEREFORE ARE FLAT. US MARKETS ARE ALSO FLAT FOR THE LAST 4 SESSIONS. VIEW IS ALSO SAME THEREFORE I AM REPEATING YESTERDAY MARKET OUTLOOK TODAY:-

I AM CONTINUOUSLY TELLING FOR SLOW UPMOVES BECAUSE INDIAN MARKETS ARE TRADING BETWEEN RESISTANCE ZONE OF 4525-4693. AS ALL TRENDS ARE UP AND CHARTS HAVE NOT SHOWN SELLING PATTERNS THEREFORE VIEW IS BULLISH. NIFTY TRADED YESTERDAY BETWEEN 4530-4595 AND LITTLE SELLING WAS SEEN AT HIGHER LEVELS AND SOME BUYING WAS SEEN AT LOWER LEVELS. NIFTY WILL TRADE FIRST BEETWEEN THIS RANGE AFTER ALMOST FLAT OPENING AND BREAK OUT OF THIS RANGE WILL GIVE NEXT MOVE CONFIRMATION. AS VIEW IS BULLISH THEREFORE UP SIDE BREAK OUT IS EXPECTED.

CONSOLIDATION AND SLOW UPMOVES ARE EXPECTED IN THE COMING SESSIONS AND IN THIS PROCESS MARKETS MAY TRADE OR CLOSE IN NEGATIVE ZONE ALSO BUT THAT DOES NOT MEAN THAT DOWN MOVE HAS STARTED. FOR ANY DOWN MOVE GOOD SELLING PATTERNS ARE MUST IN INTRADAY CHARTS AND SELLING IS NOT SEEN THERE.

AS ASIAN MARKETS ARE MIXED THEREFORE FLAT OPENING MAY BE SEEN AND GREEN CLOSING IS EXPECTED TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(28-07-2009)

I AM CONTINUOUSLY TELLING FOR SLOW UPMOVES BECAUSE INDIAN MARKETS ARE TRADING BETWEEN RESISTANCE ZONE OF 4525-4693. AS ALL TRENDS ARE UP AND CHARTS HAVE NOT SHOWN SELLING PATTERNS THEREFORE VIEW IS BULLISH. NIFTY TRADED YESTERDAY BETWEEN 4530-4595 AND LITTLE SELLING WAS SEEN AT HIGHER LEVELS AND SOME BUYING WAS SEEN AT LOWER LEVELS. NIFTY WILL TRADE FIRST BEETWEEN THIS RANGE AFTER ALMOST FLAT OPENING AND BREAK OUT OF THIS RANGE WILL GIVE NEXT MOVE CONFIRMATION. AS VIEW IS BULLISH THEREFORE UP SIDE BREAK OUT IS EXPECTED.

RBI CREDIT POLICY WILL BE DECLARED THEREFORE SOME VOLTALITY MAY BE SEEN TODAY. CONSOLIDATION AND SLOW UPMOVES ARE EXPECTED IN THE COMING SESSIONS AND IN THIS PROCESS MARKETS MAY TRADE OR CLOSE IN NEGATIVE ZONE ALSO BUT THAT DOES NOT MEAN THAT DOWN MOVE HAS STARTED. FOR ANY DOWN MOVE GOOD SELLING PATTERNS ARE MUST IN INTRADAY CHARTS AND SELLING IS NOT SEEN THERE.

AS ASIAN MARKETS ARE MIXED THEREFORE FLAT OPENING MAY BE SEEN AND GREEN CLOSING IS EXPECTED TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(27-07-2009)

LONG TERM AND SHORT TERM TRENDS WERE UP AND AFTER NIFTY SUSTAINING ABOVE 4480 ON LAST FRIDAY INTERMEDIATE TERM TREND HAS ALSO TURNED UP. AS PER DOW THEORY INTERMEDIATE tERM TREND LASTS FROM 3 WEEKS TO 3 MONTHS AND LONG TERM TREND LASTS FROM 1 YEAR TO NUMBER OF YEARS. INDIAN MARKETS SUSTAINED AND MOVED ABOVE 200 DMA IN THE LAST WEEK OF APRIL 2009 AND NOW HAS ALSO TURNED UPWARD AFTER COMPLETION OF INTERMEDIATE TERM CORRECTION(2ND WAVE).IT SEEMS THAT 3RD WAVE(2ND IMPULSIVE) HAS BEEN STARTED WITH THE COMPLETION OF 2ND WAVE(1ST CORRECTIVE WAVE) AND AFTER SUSTAINING ABOVE 4693 UPMOVE TOWARDS THE MINIMUM PROBABLE TARGET OF 6359 WILL CONFIRM. FOLLOWING EOD CHART IS CLEARLY SHOWING FORMATIONS:-
http://lh3.ggpht.com/_MdLrfnym5uc/Sm0i15kevUI/AAAAAAAAAQQ/xmxFcRzVaro/s400/TARGET%20OF%202ND%20WAVE.png
3RD WAVE(2ND IMPULSIVE) CALCULATIONS ARE AS FOLLOWS:-
1- 6 YEARS RALLY STARTED IN 2001 AFTER WORLD TRADE CENTRE ATTACK AND NIFTY WAS BELOW 1000.
2- THIS RALLY CATCH REAL MOMENTUM AFTER THE END OF IRAQ WAR IN APRIL 2004 AND THIS TIME ALSO NIFTY WAS BELOW 1000.
3- THIS RALLY TERMINATED IN 1ST HALF OF 2008 AT 6357.
4- THIS 6 YEARS RALLY CORRECTED IN 5 WAVES AND COMPLETED AT 2253 ON 27TH OCT. 2008.
5- MARKET CONSOLIDATED 5 MONTHS AND AFTER THAT CATCH MOMENTUM IN MARCH 2009. AS LOWEST OF ON GOING RALLY IS 2253 THEREFORE ALL THE CALCULATION WILL BE DONE FROM IT.

6- 1ST WAVE(1ST IMPULSIVE) STARTED FROM 2253 WHICH COMPLETED AT 4693 WITH THE GAIN OF 2440 POINTS.

7- 2ND WAVE(1ST CORRECTIVE) STARTED FROM 4693 WHICH COMPLETED AT 3919.

8- 3RD WAVE(2ND IMPULSIVE) STARTED FROM 3919 AND AS PER ELLIOT WAVE THEORY 3RD WAVE SHOULD NEVER BE SHORTER THAN BOTH 1ST WAVE AND 5TH WAVE. IT CLEARLY MEANS THAT 3RD WAVE WILL GAIN MINIMUM THOSE POINTS WHICH WAS GAINED BY 1ST WAVE.

9- AS 1ST WAVE GAINED 2440 POINTS THEREFORE 3RD WAVE WILL ALSO GAIN MINIMUM 2440 POINTS AND PROBABLE TARGET OF 3RD WAVE(2ND IMPULSIVE) WILL BE AS FOLLOWS:-

3919(3RD WAVE STARTING POINT)+2440=6359.

10- PREVIOUS ALL TIME HIGH IS AT 6357 AND AS PER THIS CALCULATION PROBABLE TARGET OF 3RD WAVE IS 6359 THEREFORE IT IS CLEAR THAT INDIAN MARKETS MAY TEST ALL TIME HIGH IN THIS RALLY.

MARKET CONSOLIDATED ON LAST FRIDAY, IT IS EXPECTED THAT CONSOLIDATION AND SLOW UPMOVE WITHIN RESISTANCE RANGE(4525-4693) WILL BE SEEN IN THE COMING SESSIONS. MARKETS MAY MOVE INTO LITTLE NEGATIVE ZONE OR CLOSE IN SMALL RED ALSO DURING CONSOLIDATIONS BUT THAT WILL NOT MEAN TREND REVERSAL BECAUSE FOR ANY TYPE OF DOWN MOVES GOOD SELLING REQUIRES AT THIS MOMENT AND I AM NOT EXPECTING DOWN MOVES.

AS GLOBAL CUES ARE POSITIVE THEREFORE SLOW UPMOVES WILL BE SEEN AFTER GREEN OPENING AND VOLATILE TRADING TODAY. GREEN OPENING AND GREEN CLOSING IS EXPECTED TODAY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(24-07-2009)

FIRST OF ALL I AM REPRODUCING FUTURE OUTLOOK OF YESTERDAY WHICH IS RELEVANT TODAY:-
MY MARKETS OUTLOOKS ARE LIVE PROOF OF THIS FACT THAT I WAS BULLISH WITHIN 3 HOURS AFTER FORMATION OF BOTTON AT 3919 AND SINCE THEN I AM NON STOP BULLISH. NIFTY NOT ONLY CROSSED 4480 BY FORCE BUT ALSO SUSTAINED ABOVE IT. IN THIS MANNER ALL TRENDS ARE NOW UP AND INDIAN MARKETS ARE NOW VERY WELL PREPARED FOR STRONG RALLY WHICH WILL BE SEEN FROM TOMORROW. A MOVE BY FORCE GIVES VALIDITY TO THE STRENGTH OF THAT MOVE. I NOT ONLY SPEAK BUT TRADES ALSO AND FOLLOWING LINKS ARE LIVE PROOF OF THIS FACT THAT AFTER NIFTY CROSSING 4480 BY FORCE I SENT NIFTY BUYING 2 SMS FROM DIFFERENT WEBSITES TODAY:-
1- SMS SENT FROM 1ST WEBSITE:- http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1248373650950&aid=1234097281$pid=1248373650950
2- SAME SMS SENT FROM 2ND WEBSITE :- http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1248373650950&aid=1234097281$pid=1248373659034
I TOLD IT TODAY AND AGAIN REPEATING IT MOW:- "I AM EXPECTING THAT NOW IN THIS RALLY NIFTY WILL TEST 4693"
ASIAN MARKETS ARE POSITIVE TODAY MORNING AFTER US MARKETS STRONG RALLY YESTERDAY. AS ALL TRENDS ARE NOW UP THEREFORE IT IS EXPECTED THAT STRONG RALLY WILL BE SEEN IN THE COMING SESSIONS AND NOW NIFTY WILL CROSS 4693. INDIAN MARKETS HAVE ENTERED INTO RESISTANCE RANGE OF 4525-4693 THEREFORE MARKET WILL MOVE UP WITH CONSOLIDATIONS AND UPMOVES MAY BE SLOW ALSO.
SENTIMENT HEATED THEREFORE PROFIT BOOKING AND VOLTALITY MAY BE SEEN AFTER POSITIVE OPENING TODAY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(23-07-2009)

IT WAS THE MOST VOLATILE DAY YESTERDAY. THERE WERE SELLING FORMATIONS ON 21-07-2009 THEREFORE MARKETS WERE DUE FOR DOWN MOVES BUT MOVED UP 89 POINTS FIRST AND AFTER THAT LOST 150 POINTS. AS PER MY VIEW YESTERDAY HUGE VOLTALITY WAS FOR CONSOLIDATION. AS HEAVY BUYING POSITIONS WERE FORMED BY GENERAL TRADERS THEREFORE FOR CUTTING OF THOSE POSITIONS YESTERDAY VOLTALITY DEVELOPED YRSTERDAY. ALTHOUGH I WAS EXPECTING THAT 4400 WILL BE TESTED BUT YESTERDAY UP MOVE WAS TOO STRONG AND IT CREATED IMPRESSION OF CONSOLIDATION AT HIGHER LEVELS.FINALLY MARKET CONSOLIDATED AMID HUGE VOLTALITY YESTERDAY.

AS PER MY VIEW INDIAN MARKETS ARE WELL PREPARED NOW AND WILL FIRST MOVE ABOVE 4480 AND THEN INTERMEDIATE TERM TREND WILL BE UP. I AM EXPECTING THAT NOW IN THIS RALLY NIFTY WILL TEST 4693(MARCH 2009 RALLY HIGHEST)

AS GLOBAL CUES ARE MORE OR LESS POSITIVE THEREFORE INDIAN MARKETS WILL OPEN POSITIVE AND WILL CLOSE IN GREEN TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(22-07-2009)

AS I WAS BUSY TODAY MORNING THEREFORE COULD NOT WRITE IN DETAIL AND REPRODUCING YESTERDAY FUTURE OUTLOOK OF POST CLOSING REPORT BECAUSE FOR TODAY MARKET MY VIEW IS SAME:-
AS INTRADAY CHARTS OF MANY STOCKS AND INDICES ARE SHOWING GENUINE SELLING THEREFORE MORE DOWN MOVES ARE EXPECTED AND NIFTY MAY TEST 4400 TODAY. AS I WAS EXPECTING DOWN MOVES TOMORROW THEREFORE I SHORTED NIFTY F&O YESTERDAY WHICH WILL BE PROOVED FORM FOLLOWING LINK OF THAT SMS PICTURE WHICH WAS SENT FOR SELLING NIFTY JUL FUT. AND BUYING PUT OPTIONS:-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1248199401843&aid=1234097281$pid=1248199401843
FIRSTLY CORRECTION IS EXPECTED TODAY.
AS GLOBAL CUES ARE POSITIVE TODAY MORNING THEREFORE MARKET WILL OPEN POSITIVE BUT WILL BE DOWN FINALLY AND EXPECTED TO CLOSE IN RED TODAY.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(22-07-2009)

AS I WAS BUSY TODAY MORNING THEREFORE COULD NOT WRITE IN DETAIL AND REPRODUCING YESTERDAY FUTURE OUTLOOK OF POST CLOSING REPORT BECAUSE FOR TODAY MARKET MY VIEW IS SAME:-
AS INTRADAY CHARTS OF MANY STOCKS AND INDICES ARE SHOWING GENUINE SELLING THEREFORE MORE DOWN MOVES ARE EXPECTED AND NIFTY MAY TEST 4400 TODAY. AS I WAS EXPECTING DOWN MOVES TOMORROW THEREFORE I SHORTED NIFTY F&O YESTERDAY WHICH WILL BE PROOVED FORM FOLLOWING LINK OF THAT SMS PICTURE WHICH WAS SENT FOR SELLING NIFTY JUL FUT. AND BUYING PUT OPTIONS:-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1248199401843&aid=1234097281$pid=1248199401843
FIRSTLY CORRECTION IS EXPECTED TODAY.
AS GLOBAL CUES ARE POSITIVE TODAY MORNING THEREFORE MARKET WILL OPEN POSITIVE BUT WILL BE DOWN FINALLY AND EXPECTED TO CLOSE IN RED TODAY.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(22-07-2009)

AS I WAS BUSY TODAY MORNING THEREFORE COULD NOT WRITE IN DETAIL AND REPRODUCING YESTERDAY FUTURE OUTLOOK OF POST CLOSING REPORT BECAUSE FOR TODAY MARKET MY VIEW IS SAME:-
AS INTRADAY CHARTS OF MANY STOCKS AND INDICES ARE SHOWING GENUINE SELLING THEREFORE MORE DOWN MOVES ARE EXPECTED AND NIFTY MAY TEST 4400 TODAY. AS I WAS EXPECTING DOWN MOVES TOMORROW THEREFORE I SHORTED NIFTY F&O YESTERDAY WHICH WILL BE PROOVED FORM FOLLOWING LINK OF THAT SMS PICTURE WHICH WAS SENT FOR SELLING NIFTY JUL FUT. AND BUYING PUT OPTIONS:-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1248199401843&aid=1234097281$pid=1248199401843
FIRSTLY CORRECTION IS EXPECTED TODAY.
AS GLOBAL CUES ARE POSITIVE TODAY MORNING THEREFORE MARKET WILL OPEN POSITIVE BUT WILL BE DOWN FINALLY AND EXPECTED TO CLOSE IN RED TODAY.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(21-07-2009)

SHORT TERM AND LONG TERM TRENDS ARE UP AND INTERMEDIATE TERM WILL ALSO BE UP WHEN NIFTY WILL SUSTAIN ABOVE 4480. ALTHOUGH NIFTY CLOSED ABOVE 4500 AT 4502.25 YESTERDAY BUT IT HAS TO SUSTAIN ABOVE 4480 IN THE COMING SESSIONS THEN INTERMEDIATE TERM TREND WILL BE UP. I AM NOT SAYING THESE WORDS AFTER WATCHING LITTLE WEAK ASIAN MARKETS AND RED TRADING SGX NIFTY BUT I TOLD THESE WORDS IN POST CLOSING REPORT YESTERDAY WHEN US MARKETS WERE TRADING WITH GOOD GAINS AFTER EUROPEAN MARKETS GREEN CLOSING:-
"SHORT TERM IS OVER BOUGHT AND SENTIMENT IS HEATED THEREFORE MILD CORRECTION IS DUE NOW. SUSTAINING ABOVE 4500 WILL BE WATCHED TOMORROW AND IF DOES NOT SUSTAINS ABOVE IT THEN MILD CORRECTION WILL BE SEEN"
AS I SUSPECTED MILD CORRECTION TODAY THEREDORE I BOOKED PROFIT ABOVE 4500 IN NIFTY F&O INTRADAY TRADE YESTERDAY. FOR PROOF JUST CLICK FOLLOWING LINK:-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1248145898085&aid=1234097281$pid=1248145898085
AT PRESENT SHORT TERM IS OVERBOUGHT AND MARKET IS JUST BELOW STRONG RESISTANCE RANGE OF 4525-4693. FOR ANY UPMOVE FROM HERE GOOD CONSOLIDATION IS REQUIRED AND IN THIS PROCESS MILD CORRECTION IS EXPECTED TODAY WHICH MAY BE INTRADAY OR 1-2 DAYS. WHEN AFTER EXPECTED CORRECTION NIFTY WILL START UPMOVE THEN WILL CROSS 4480 AND SUSTAIN ABOVE IT. AT PRESENT NO THREAT TO ON GOING RALLY AND EXPECTED THAT AFTER CORRECTION UPMOVES WILL REMAIN CONTINUED.
AFTER FLAT TO WEAK OPENING NIFTY WILL TRADE FIRST BELOW 4500 AND WILL BE VOLATILE. RED CLOSING MAY ALSO BE SEEN TODAY.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(20-07-2009)

INDIAN MARKETS GOT STRONG SUPPORT WITHIN POST ELECTION RESULTS GAP OF 18-05-2009 AND RALLY STARTED AGAIN. IT SEEMS THAT 2ND WAVE(1ST CORRECTIVE) HAS BEEN COMPLETED AND 3RD WAVE(2ND IMPULSIVE) HAS BEEN STARTED ON 13-07-2009 FROM 3919. AS PER ELLIOT WAVE 3RD WAVE(2ND IMPULSIVE) TARGET IS MINIMUM 6071(3917+2154).

3917- LOWEST OF 2ND WAVE(1ST CORRECTIVE)
2154- 1ST WAVE GAINED POINTS(4693-2539)

AS PER ELLIOT WAVE 3RD WAVE(2ND IMPULSIVE) REMAINS LONGEST AMONG 3 IMPULSIVE WAVES THEREFORE IT SHOULD SHOULD GAIN MINIMUM 1ST IMPULSIVE WAVES POINTS WHICH ARE 2154.

STRONG CONFIRMATION WILL COME WHEN NIFTY WILL SUSTAIN ABOVE 4480 BECAUSE IN THAT SITUATION INTERMEDIATE TERM TREND WILL ALSO BE UP. ALTHOUGH IT SEEMS ALMOST CONFIRM THAT NIFTY WILL SUSTAIN ABOVE 4480 AND CROSS ALSO 4693 (IST WAVE HIGHEST) BUT FOR SAFETY GET CONFIRMATION FROM SUSTAINING ABOVE 4693.

INDIAN MARKETS ARE ON THE VERGE OF RESISTANCE RANGE OF 4400-4480 THEREFORE SOME CONSOLIDATION REQUIRES TODAY. AS GLOBAL CUES ARE STRONG TODAY MORNING THEREFORE CONSOLIDATION WILL BE SEEN BETWEEN RESISTANCE RANGE(4400-4480) AFTER POSITIVE OPENING TODAY. GREEN CLOSING IS EXPECTED TODAY AFTER SOME VOLTALITY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(17-07-2009)

SHORT TERM AND LONG TERM TRENDS ARE UP AND INTERMEDIATE TERM IS DOWN. MARKETS RESTED YESTERDAY AFTER 2 DAYS RACE. IT IS EXPECTED THAT INDIAN MARKETS WILL FIRST PREPARE AND THEN AGAIN START RUNNING TODAY. AS INTRADAY CHARTS OF MANY STOCKS ARE SHOWING MIXED PATTERNS AFTER YESTERDAY PROFIT BOOKING THEREFORE CONSOLIDATION REQUIRES TODAY FOR NEXT UPMOVE. GLOBAL CUES ARE POSITIVE TODAY MORNING THEREFORE IT IS EXPECTED THAT AFTER POSITIVE OPENING INDIAN MARKETS WILL CONSOLIDATE BETWEEN YESTERDAY LAST 4 HOURS RANGE(4210-4270) AND FINALLY MOVE UP.

CONFIRMATION REQUIRES FROM FIRST 3 HOURS INTRADAY CHARTS TODAY AND BREAK OUT OF YESTERDAY LAST 4 HOURS RANGE WILL GIVE CONFIRMATION OF NEXT MOVE.

I AM BULLISH AND EXPECTING AGAIN UPMOVE FROM TODAY AFTER CONSOLADATION.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(16-07-2009)

INTRADAY CHARTS OF 13-07-2009 WILL SHOW THAT ON GOING RALLY MADE BOTTOM AT 12:10 PM AND I CONFIRMED BUYING WITHIN 3 HOUTS AT 02:21 PM IN FOLLOWING LINES IN MY MID-SESSION OUTLOOK-2(13-07-2009):-

"3930 BROKEN DOWN TODAY BUT WITHOUT FORCE THEREFORE DID NOT SUSTAINED BELOW IT. BUYING AT LOWER LEVELS TODAY"

MY OUTLOOKS ARE LIVE PROOF OF THIS FACT THAT I AM NON STOP PREDICTING ONLY AND ONLY FOR UPMOVE SINCE BOTTOM FORMATION ON 13-07-2009 AND INDIAN STOCK MARKETS ARE ALSO PROOVING MY PREDICTIONS ACCURATE THROUGH SHOWING ONLY AND ONLY UPMOVES.

I CLEARLY TOLD YESTERDAY:- "ABOVE 4220 MARKET WILL SHOOT UP LIKE ROCKET"

NIFTY CROSSED 4220 AFTER 03:00 PM YESTERDAY AND TODAY HUGE GAP UP OPEN WILL PROOVE THAT NIFTY SHOT UP LIKE ROCKET.

NOW SHORT TERM AND LONG TERM TRENDS ARE UP AND INTERMEDIATE TERM IS DOWN WHICH WILL BE UP ABOVE 4480 AND GIVE FIRST INDICATION OF 3RD WAVE BEGINING TOWARDS THE TARGET NEAR 6000 LEVELS.

NOW NEXT RESISTANCES RANGES ARE:-

1- 4330-4360(WEAK RESISTANCE)
2- 4450-4480(LITTLE STRONG RESISTANCE)

I AM REPEATING MY YESTERDAY FUTURE OUTLOOK STATEMENT:-

" RALLY IS ON AND WILL REMAIN ON IN COMING SESSIONS"

AS SENTIMENT IS HEATED THEREFORE SOME VOLTALITY AND PROFIT BOOKING MAY BE SEEN BUT WILL NOT BE ABLE TO HARM ON GOING UPTREND.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(15-07-2009)

I TOLD FOR UPMOVES NEAR THE LOWEST LEVELS AT 02:21 PM ON 13-07-2009 THAT:- "3930 BROKEN DOWN TODAY BUT WITHOUT FORCE THEREFORE DID NOT SUSTAINED BELOW IT. BUYING AT LOWER LEVELS TODAY"

I AM REPEATING YESTERDAY FUTURE OUTLOOK:- I TOLD TODAY THAT IF FOLLOW UP BUYING AND CONSOLODATION DEVELOPS AND NIFTY CROSS AS WELL AS SUSTAIN ABOVE 4135 THEN IT WILL GIVE CONFIRMATION COMPLETION OF CORRECTION AND IN THAT SITUATION STRONG RALLY WILL BE SEEN IN INDIAN MARKETS. ALTHOUGH NIFTY CLOSED BETWEEN RESISTANCE RANGE OF 4070-4135 AT 4111.40 BUT TODAY HIGHEST WAS AT 4128.90 AND RESISTANCE RANGE HAS BEEN ALMOST CLEARED. CERTAINLY GOOD BUYING WAS SEEN TODAY AND IT IS ALSO EXPECTED THAT NIFTY WILL CROSS 4135 TOMORROW RALLY WILL BE SEEN IN INDIAN MARKETS.

AFTER POSITIVE GLOBAL CUES FIRSTLY OPENING AND TRADING ABOVE 4135 WILL BE SEEN TODAY BUT SENTIMENT IS HEATED TODAY MORNING AND THEREFORE INITIAL VOLTALITY IS EXPECTED AFTER OPENING. AFTER CROSSING 4135 ROAD IS CLEAR UPTO 4175 AND ABOVE 4220 MARKET WILL SHOOT UP LIKE ROCKET.

I AM EXPECTING SHARP UPMOVE,RALLY AND GREEN CLOSING TODAY BUT SENTIMENT VERY MUCH HEATED TODAY AND BROFIT BOOKING DEVELOPS MANY TIMES IN SUCH TYPE OF SENTIMENTS. IT IS EXPECTED THAT FIRST TRADING RANGE WILL BE WITHIN 4135-4175 TODAY AND WHEN NIFTY SUSTAINS ABOVE 4175 THEN ANY TYPE OF DOWN FEAR WILL REMOVE AND IN THAT SITUATION NIFTY WILL CROSSS 4220 AND INDIAN MARKETS WILL SHOOT UP.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(14-07-2009)

I SHALL REPRODUCE FIRST MY FUTURE OUTLOOK OF YESTERDAY POST CLOSING REPORT BECAUSE I TOLD AT 09:23 PM YESTERDAY ALMOST ALL THAT WHICH WILL HAPPEN TODAY :-

FUTURE OUTLOOK:- INDIAN MARKETS GOT GOOD SUPPORT AT LOWER LEVELS TODAY THEREFORE AN UPMOVE IS CONFIRM TOMORROW. IT IS EXPECTED THAT NIFTY WILL OPEN ABOVE 4000 AND WILL TEST 4050 TOMORROW BUT STRONG RESISTANCE RANGE IS 4070-4135. A SMALL UPMOVE WILL BE SEEN TOMORROW BUT FIRST CONFIRMATION OF SUSTAINED UPMOVE WILL COME IF NIFTY WILL CROSS BY FORCE 4135 OR SUSTAIN ABOVE IT. AS I WAS EXPECTING AN UPMOVE TOMORROW THEREFORE I POSTED NIFTY F&O BUYING CALL IN FUTURE AND OPTION CALLS THREAD IN THE LAST MINUTES. I POSTED IN LAST MINUTES BECAUSE I ALWAYS AVOID EXCESSIVE VOLUMES ON MY CALLS BECAUSE THAT WILL PROOVE HAZARDOUS FOR THEM WHO TRADE BLINDLY ON MY CALLS.

I TOLD AGAIN AND AGAIN FOR TESTING OF 3930 AND NIFTY TESTED 3930 AS WELL AS REVERSED AFTER MAKING BOTTOM A LITTLE BELOW AT 3918.75. AS LONG TERM TREND IS UP AND INDIAN MARKETS COMPLETED ONE PHASE OF CORRECTION(I DESCRIBED IT LAST 2 DAYS). IF FOLLOW UP BUYING AND CONSOLODATION DEVELOPS AND NIFTY CROSS AS WELL AS SUSTAIN ABOVE 4135 THEN IT WILL GIVE CONFIRMATION COMPLETION OF CORRECTION AND IN THAT SITUATION STRONG RALLY WILL BE SEEN IN INDIAN MARKETS.

GREEN CLOSING WILL BE SEEN AFTER GAP UP OPENING TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(13-07-2009)

I CLEARLY TOLD FOR DOWN MOVES ON LAST FRIDAY AND TOLD WITH TECHNICAL CALCULATIONS FOR THE TARGET OF 3930 THEREFORE FIRST 3930 SHOULD BE WATCHED IF NIFTY SLIPS BELOW THEN NEXT TARGETS WILL BE :-

138.2% OF 550 IS 825
4693(1ST WAVE TOP)-825=3868(PROBABLE TARGET OF 'C' WAVE)

MARKETS MOVE ON ITS CHARACTER AND REMAINS MANY POSSIBILITIES THEREFORE WE SHOULD KEEP IN MIND ALL THE POSSIBILITIES. THIS POSSIBILITY SHOULD ALSO BE KEPT IN MIND THAT BULLISH MARKETS ARE TEND TO TEST 200 EMA DURING INTERMEDIATE TERM CORRECTIONS AND IT IS AT 3724 AT THIS MOMENT. UNTIL NIFTY IS ABOVE 3724 TILL THEN LONG TERM TREND IS UP AND FRESH BUYING SHOULD BE DONE AFTER CONFIRMATION OF CONSOLIDATION AND TREND REVERSAL.

AS GLOBAL MARKETS ARE WEAK THEREFORE AFTER WEAK OPENING VOLTALITY WILL BE SEEN. TESTING OF 3930 AND MORE DOWN MOVES ARE EXPECTED IN COMING SESSIONS.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(02-07-2009)

I TOLD IN FUTURE OUTLOOK OF YESTERDAY POST CLOSING REPORT AND AGAIN REPEATING TODAY"ALTHOUGH PETROL AND DIESEL RATES HIKED AFTER MARKET TODAY BUT MY VIEW IS STILL BULLISH BECAUSE 6 DAYS RANGE WAS BROKEN OUT ON 26-06-2009 AND SINCE THEN CHARTS ARE SHOWING BUYING FORMATIONS. IT IS EXPECTED THAT ON GOING UP MOVES WILL REMAIN CONTINUED."

MARKETS MOVE ON ITS TECHNICALS AND POSITIONS AND NEWS HAVE ITS IMPACT ACCORDING TO MARKET POSITIONS ONLY. ECONOMIC SURVEY WILL BE DECLARED AND THAT MAY INCREASE VOLTALITY TODAY. UPMOVE IS ON AND RESISTANCES ARE AS FOLLOWS:-

1- 4410-4435
2- 4500-4535
3- 4640-4685

ALL INDICATORS ARE SHOWING BULLISHNESS THEREFORE MARKET SHOULD TEST MENTIONED RESISTANCES IN THE COMING SESSIONS AND IT IS EXPECTED THAT INDIAN MARKETS WILL OPEN AND CLOSE IN GREEN TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(01-07-2009)

INDIAN MARKETS CLOSED IN RED WITH SUFFICIENT LOSS YESTERDAY BUT INTRADAY TRADING PATTERNS ARE NOT SUGGESTING SELLING AND DURING CONSOLIDATION SUCH TYPE OF SHARP DOWN MOVES ARE VERY MUCH POSSIBLE. LONG TERM TREND IS UP AND 1ST IMPULSIVE WAVE HAS BEEN COMPLETED AND ITS CORRECTION IS ON AFTER VERY GOOD SELLING AT HIGHER LEVELS OF 1ST WAVE. SINCE THE BEGINING OF CORRECTION I AM NON STOP TELLING THAT MARKET REQUIRE COMPLETE CONSOLIDATION AND THIS PROCESS IS CONTINUED. INTERMEDIATE TERM IS DOWN AND ITS TURNING DOWNWARD GAVE CONFIRMATION TO THE TERMINATION OF 1ST WAVE. AS PER DOW THEORY INTERMEDIATE TERM TREND LIFE IS 3 WEEKS TO 3 MONTHS AND TODAY IS 15TH TRADING DAY CORRECTION. AS TIME PERIOD OF 3 WEEKD HAS BEEN COMPLETED THEREFORE IF CONSOLIDATION SIGNALS REEMERGE TODAY THEN UPMOVES WILL BE SEEN AND INDIAN MARKETS WILL CROSS 1ST WAVE HIGHS AFTER BUDGET.

I WAS BULLISH YESTERDAY AFTER SOME SELLING AT HIGHER LEVELS AND ALSO BULLISH TODAY AFTER YESTERDAY SHARP DOWN AND RED CLOSING. I AM EXPECTING THAT INDIAN MARKETS WILL CLOSE IN GREEN TODAY AFTER GREEN OPENING. FOR PRECAUTION I WOULD SUGGEST THAT JUST WATCH SUPPORT RANGE IS AT 4265-4300 AND UNTIL NIFTY IS ABOVE IT TILL THEN HOPES OF CROSSING THIS RALLY HIGHS AFTER BUDGET WILL REMAIN ALIVE.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(30-06-2009)

SHORT AND LONG TERM TRENDS ARE UP BUT INDIAN MARKETS COULD NOT HOLD AT UPPER LEVELS YESTERDAY AND SLIPPED FROM DAY'S HIGHEST LEVELS THEREFORE FRESH CONSOLIDATION IS MUST TODAY TO CROSS YESTERDAYDAY'S HIGHEST LEVELS. ALTHOUGH YESTERDAY INTRADAY CHARTS ARE SHOWING GOOD SELLING AT HIGHER LEVELS BUT LONG TERM TREND IS UP. INDIAN MARKETS ARE BULLISH AND MARKET BROKEN OUT AFTER 6 DAYS NARROW RANGE MOVE LAST FRIDAY THEREFORE AFTER FEW HOURS PROFIT BOOKING MARKET MARKET MAY MOVE UP ALSO AFTER SOME CONSOLIDATION ALSO AND FOR ANY FURTHER DOWN NOVE FOLLOW UP SELLING IS MUST TODAY.

TODAY MOVES ARE LOCKED WITHIN YESTERDAY RANGE(4360-4440) BECAUSE IN INTRADAY CORRECTION BUYING AT LOWER LEVELS AND SELLING AT HIGHER LEVELS WAS SEEN YESTERDAY. NIFTY WILL OPEN POSITIVE AND TRADE FIRST WITHIN YEDTERDAY RANGE TODAY. ALTHOUGH MY VIEW IS BULLISH AND NO QUESTION OF OF REVERSING FROM BULLISH TO BEARISH BUT I WOULD LIKE TO SAY AFTER CONFIRMATION THEREFORE WILL BE BETTER TO GET CONFIRMATION FROM FIRST 3 HOURS INTRADAY CHARTS AND THEN POST CONFIRMED VIEW DURONG TRADING HOURS.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(29-06-2009)

LONG TERM TREND UP AND AFTER 6 DAYS RANGE BOUND MOVE INDIAN MARKETS BROKEN OUT WITH FORCE AND CLOSED WITH GOOD GAINS LAST FRIDAY. ON GOING RALLY SLIPPED FROM ITS HIGHS AFTER VERY GOOD SELLING AND I AM NON STOP TELLING THAT FOR CROSSING HIGHS GOOD CONSOLIDATION REQUIRES AND AFTER LAST FRIDAY BREAK OUT NIFTY SUSTAINING ABOVE 4320 WITH FOLLOW UP BUYING TODAY WILL GIVE CONFIRMATION TO BOTTOM FORMATION OF ON GOING CORRECTION. AFTER THAT TESTING AS WELL AS CROSSING THE HIGHS OF THIS RALLY BEFORE OR AFTER BUDGRT WILL ALSO BE CONSIDERED.

AS ALL ROUND BUYING WAS SEEN LAST FRIDAY THEREFORE TESTING OF NEXT RESISTANCE RANGE(4475-4525) IS VERY MUCH POSSIBLE. AS ALL THE ASIAN MARKETS ARE FLAT THEREFORE INDIAN MARKETS WILL OPEN LITTLE POSITIVE AND IT IS EXPECTED THAT AFTER SOME INTRADAY CORRECTION FRIDAY BEGUN RALLY WILL REMAIN CONTINUED AND INDIAN MARKETS WILL CLOSE IN GREEN TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(26-06-2009)

DOW JONES SHOWED HANDSOME 172 POINTS RALLY YESTERDAY. IT WAS EXPECTED AFTER FED MEET BUT SEEN ONE DAY LATE AND GLOBAL MARKETS WILL REACT IT TODAY WITH POSITIVE OPENING. IN STOCK MARKETS ALL THE THINGS DOES NOT HAPPEN ACCORDING TO OUR EXPECTATIONS AND MAY TURN ALSO DIFFERENT WAY BUT FOR EARNING PROFITS QUICK UNDERSTANDING AND SHIFTING OF TRADE ACCORING TO MARKET IS MUST. AS SOON AS I GOT CONFIRMATION YESTERDAY THAT MARKET MAY TURN AGAINST MY GREEN CLOSING PREDICTION I IMMEDIATELY POSTED POST OPEN OUTLOOK AT 10:54 AM AND DECLARED POSSIBILITY OF RED CLOSING. I WOULD LIKE TO ADD THAT NIFTY TRADED FIRST 4 HOURS BETWEEN 4290-4320 AND ANY ONE CAN VERIFY FROM YESTRADAY INTRADAY CHARTS THAT NIFTY WAS ALMOST NEAR THE UPPER PART OF THIS RANGE AT THE TIME OF POST OPEN OUTLOOK POSTING AND ITS TIME OF 10:54 AM CAN BE VERIFIED THROGH THE CLICK OF FOLLOWING LINK;-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1245978328629&aid=1234097281$pid=1245978328629

I CLEARLY EXPLAINED BECAUSE I ALWAYS TRY TO POST MY TRADING HOURS ANALYSIS WITHIN TIME FOR THE PURPOSE OF PROPER GUIDEANCE WITHOUT LOOSING ANY OPPORTUNITY.
THERE WAS PREVIOUS RESISTANCE BETWEEN 4300-4350 THEREFORE I WAS TELLING FOR ZOOMING UP ABOVE 4350 AND WITHIN THIS RANGE AGAIN SELLING WAS SEEN YESTERDAY. NIFTY TRADED FIRST 4 HOURS YESTERDAY WITHIN 4290-4320 AND AFTER GENUINE SELLING MOVED DOWNWARD. DURING CONSOLIDATION GENUINE SELLING SHOULD NOT COME BUT WAS SEEN YESTERDAY THEREFORE RESISTANCE RANGE OF 4300-4350 BECAME STRONGER AND FOR ANY UPMOVE MORE CONSOLIDATION IS MUST. IF FOLLOW UP SELLING AGAIN DEVELOPS TODAY THEN MORE LOWER LEVELS MAY BE SEEN.

I AM NON-STOP TELLING FOR THE LAST MANY DAYS ABOUT GOOD SELLING AT HIGHER LEVELS OF MARCH 2009 RALLY AND COMPLETE CONSOLIDATION REQUIREMENT FOR ITS BREAK OUT. AS DURING PROCESS OF CONSOLIDATION GENUINE SELLING WAS SEEN YESTERDAY THEREFORE UNTIL FRESH PROOFS OF CONSOLIDATION WILL NOT BE SEEN TILL THEN NEXT UPMOVE CAN NOT BE PREDICTED.

NIFTY IS TRADING WITHIN 4170-4350 FOR THE LAST 6 DAYS. WITHIN THIS RANGE BUYING WAS SEEN AT LOWER LEVELS AND SELLING AT HIGHER LEVELS. IT WAS EXPECTED THAT WILL ZOOM UP YESTERDAY AFTER SOME AFTER CONSOLIDATION BELOW 4350 BUT ON THE OTHER HAND GENUINE SELLING DEVELOPED. IT IS NOW CONFIRM THAT WITHOUT MORE CONSOLIDATION FRESH UPMOVE WILL NOT BE SEEN AND DURING THIS PROCESS NIFTY MAY TEST ALSO LOWER LEVELS OF 6 DAYS RANGE. IT IS EXPECTED THAT MARKET WILL REMAIN WITHIN 6 DAYS RANGE DURING COMING FEW SESSIONS AND WILL PREPARE FOR NEXT BIG MOVE.

SHORT TERM AND INTERMEDIATE TERM TRENDS ARE DOWN AND LONG TERM IS UP. MARKET HAS TURNED RANGE BOUND THEREFORE FOR NEXT MOVE AND FINAL TREND CONFIRMATION WILL COME OUT AFTER THE BREAK OUT OF 6 DAYS RANGE

AFTER FLAT TO GREEN OPENING FIRSTLY VOLTALITY WILL BE SEEN AND INDIAN MARKETS WILL TRADE IN RED ZONE ALSO. IF SUPPORT DOES NOT COME AT LOWER LEVELS THEN RED CLOSING IS ALSO EXPECTED TODAY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(25-06-2009)

ALTHOUGH US MARKETS CLOSED WITH MINOR LOSSES YESTERDAY BUT INTRADAY CHARTS ARE SHOWING BUYING THEREFORE IT IS EXPECTED THAT US MARKETS MAY CLOSE POSITIVE TODAY AND ALSO SHOW SHARP RALLY IN SITUATION OF POSITIVE OUTCOME FROM FED MEET TODAY. IF IT HAPPENS TODAY THEN TODAY IT WILL BECOME TRIGGER FOR VERY SHORT TERM RALLY IN GLOBAL MARKETS TOMORROW"

DOW JONES WAS MORE THAN 50 POINTS PLUS AT THE TIME OF FOMC RESULTS ANNOUNCEMENT AND TRIMMED GAINS AFTER ANNOUNCEMENT BUT ABOVE ALL CHARTS SPEAKS FINALLY. AS CHARTS WERE GIVING POSITIVE SIGNALS THEREFORE AFTER UNFAVOURABLE ANNOUNCEMENT FROM FOMC NASDAQ AND S&P500 CLOSED POSITIVE AND ASIAN MARKETS ARE IN GREEN TODAY.

"INDIAN MARKETS WILL CLOSE IN GREEN AFTER GAP UP OPENING TODAY AND WILL ZOOM UP AFTER CROSSING 4350"


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(24-06-2009)

ALL THE GLOBAL MARKETS HAVE ENTERED INTO NARROW RANGE TRADING ZONE TODAY AND PREPARING FOR NEXT MOVES AFTER YESTERDAY HUGE LOSSES. IT IS EXPECTED THAT GLOBAL MARKETS WILL REMAIN ALMOST FLAT TODAY AND WILL NOT GIVE ANY SPECIFIC CUE. ALTHOUGH US MARKETS CLOSED WITH MINOR LOSSES YESTERDAY BUT INTRADAY CHARTS ARE SHOWING BUYING THEREFORE IT IS EXPECTED THAT US MARKETS MAY CLOSE POSITIVE TODAY AND ALSO SHOW SHARP RALLY IN SITUATION OF POSITIVE OUTCOME FROM FED MEET TODAY. IF IT HAPPENS TODAY THEN TODAY IT WILL BECOME TRIGGER FOR VERY SHORT TERM RALLY IN GLOBAL MARKETS TOMORROW AND NEXT CUE IS EXPECTED FROM TODAY US MARKETS.

INDIAN MARKETS RECOVERED FROM DAY'S LOWS YESTERDAY AND NIFTY TRADED LAST ONE HOUR WITHIN THE RANGE OF 4230-4260 BUT COULD NOT SUSTAIN AT HIGHER LEVELS OF THE DAY AND BROKEN DOWN SHARPLY IN THE LAST 10 MINUTES YESTERDAY THEREFORE SOME CONSOLIDATION IS REQUIRED TODAY FOR SUSTAINING ABOVE 4260. SUATAINING ABOVE 4260 WILL GIVE CONFIRMATION TO SLOW UPMOVE UPTO 4350 AND AFTER CROSSING 4350 SHARP UPMOVES WILL BE SEEN.

IT IS EXPECTED THAT AFTER FLAT OPENING NIFTY WILL FIRST TRADE AND PREPARE BETWEEN LAST ONE HOUR RANGE OF YESTERDAY(4230-4260) AND FINALLY CROSS ABOVE 4260 AND CLOSE IN GREEN TODAY BUT FOR PRECAUTION AND SAFETY WATCH 4260.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(23-06-2009)

ALL THE GLOBAL MARKETS CRASHED AFTER THIS WORLD BANK 2009 FORECAST:-
"GLOBAL GROWTH WILL SHRINK BY2.9% VERSUS WORLD BANK EARLIER FORECAST OF 1.7% CONTRACTION. WORLD BAANK ALSO EXPECTED THAT GLOBAL TRADE WILL PLUMMET 9.7% THIS YEAR"
INDIAN MARKETS WILL RESPOND CRASHED WORLD MARKETS WITH GAP DOWN OPENING TODAY BUT 4210-4240 IS STRONG SUPPORT RANGE AND IF NIFTY SUSTAINS BELOW IT THEN FURTHER WEAKNESS WILL CONFIRM. INTRADAY CHARTS OF LAST 3 DAYS ARE SHOWING CONSOLIDATION WITHIN THIS RANGE THEREFORE IT IS EXPECTED THAT INDIAN MARKETS WILL RECOVER AND CROSS SUPPORT RANGE OF 4210-4240 EITHER TODAY OR TOMORROW EVEN AFTER WORLD BANK DISAPPOINTING FORECAST AND CRASHED ALL THE GLOBAL MARKETS.
I EXPECT THAT INDIAN MARKETS WILL RECOVER AFTER GAP DOWN OPENING AND WILL CLOSE IN GREEN TODAY.AS SENTIMENT IS EXTREMELY DAMPENED THEREFORE IF GREEN CLOSING IS NOT SEEN TODAY THEN IT WILL NOT MEAN THAT FRESH DOWN MOVE STARTED AND IT IS ALSO EXPECTED THAT AFTER CONSOLIDATION TODAY INDIAN MARKETS SHOULD MOVE UP IN THE COMING SESSIONS.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(22-06-2009)

INDIAN MARKETS POSSIBILITIES POSTED IN PART-1 IS BASED AT THIS POINT THAT ON GOING CORRECTION HAS BEEN FINISHED AT 4207 AND SHOULD NOT BE BROKEN. INDIAN MARKETS STARTED CORRECTION AFTER VERY GOOD SELLING BETWEEN 4500-4680 THEREFORE THIS RANGE HAS BECOME STRONG RESISTANCE. ONLY ONE DAY CONSOLIDATION IS NOT SUFFICIENT TO CROSS THIS STRONG RESISTANCE AND MARKETS REQUIRES COMPLETE CONSOLIDATION OF SOME MORE DAYS FOR CROSSING MENTIONED RESISTANCE RANGE. IF DURING MORE CONSOLIDATION PROCESS NIFTY DOES NOT BREACH 4207 AND NIFTY CONSOLIDATES ABOVE IT THEN IT IS CONFIRM THAT NIFTY WILL BREAK 1ST WAVE HIGHEST (4689) AND WILL TEST 6357 IN 3RD WAVE. ALTHOUGH I AM EXPECTING THAT IN THE COMING SESSIONS BUYING AND CONSOLIDATION WILL CONTINUE WITH VOLTALITY WITHIN 4207-4689 BUT IN STOCK MARKETS PRECAUTION AND CONFIRMATION IS MUST THEREFORE IF FOLLOW UP BUYING AND CONSOLIDATION COMES IN THE COMING SESSIONS THEN THAT WILL GIVE COMPLETE CONFIRMATION TO ALL THE POSSIBILITIES WHICH HAVE PRESENTED. AT PRESENT I AM EXPECTING THAT UPTO BUDGET NIFTY WILL REMAIN VOLATILE AND CONSOLIDATE WITHIN 4207-4689 AND WILL BREAK UPWARD 4689 JUST BEFORE OR AFTER BUDGET. LONG POSITIONS SHOULD BE BUILT UP AFTER SOME MORE CONFIRMATION OF CONSOLIDATION.

AS INTRADAY CHARTS OF MOST OF THE ASIAN MARKETS ARE SHOWING BUYING ON 19-06-2009 THEREFORE IT IS EXPECTED THAT AT THE TIME OF INDIAN MARKETS OPENING ALMOST ALL THE ASIAN MARKETS WILL BE IN GREEN. INDIAN MARKETS WILL OPEN WITH GOOD GAINS ON 22-06-2009 AFTER FRIDAY INDIAN MARKETS LATE RALLY AND AND EXPECTED GREEN ASIAN MARKETS. IT IS ALSO EXPECTED THAT MOST OF THE TIME INDIAN MARKETS WILL REMAIN POSITIVE AND WILL CLOSE WITH GAINS OF POINTS.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(19-06-2009)

NIFTY CLOSED WELL BELOW 4365 YESTERDAY AND WITH THIS INTERMEDIATE TERM DOWN TREND STARTED. WITH THE BEGINING OF INTERMEDIATE TERM DOWN TREND 1ST IMPULSIVE WAVE WHICH STARTED ON 06-03-2009 FROM 2539 HAS BEEN COMPLETED AND BEGINING OF 'A' CORRECTIVE WAVE FROM 4689 HAS BEEN CONFIRMED. ACCORDING TO DOW THEORY INTERMEDIATE TERM TREND MAY LAST FROM 3 WEEKS TO 3 MONTHS. TOP OF ONGOING RALLY WAS MADE ON 10-06-2009 AND FROM THAT DATE MINIMUM 3 WEEKS TIME THIS CORRECTIVE RALLY WILL TAKE TO CROSS HEIGHTEST OF THIS RALLY. 1ST IMPULSIVE WAVE GAINED 2150 NIFTY POINTS AND 2ND IMPULSIVE WAVE(3RD WAVE) WILL ALSO GAIN MINIMUM 2150 POINTS FROM THAT POINT WHERE ONGOING 1ST CORRECTIVE WAVE(2ND WAVE) WILL FINISH AND 2ND IMPULSIVE WAVE(3RD WAVE) WILL START. I AM TELLING IT VERY MUCH WELL IN ADVANCE THEREFORE GRAB INVESTMENT OPPORTUNITY AFTER CONFIRMATION OF 2ND IMPULSIVE WAVE(3RD WAVE) BEGINING.

'A' CORRECTIVE WAVE IS ON AND NIFTY HAS ALREADY RETRACED ALMOST 23.6% AND COUNTERED YESTERDAY STRONG SUPPORT RANGE OF 4200-4250. IF NIFTY MOVE ABOVE FROM YESTERDAY LOWS THEN 'B' CORRECTIVE (THIS WILL BE UPWARD WAVE) WILL START AND AFTER ITS TERMINATION 'C' CORRECTIVE WAVE(THIS WILL BE DOWNWARD WAVE) WILL BEGIN.'C' WAVE SHOULD ALSO RETRACE MINIMUM THE RETRACEMENT POINTS OF 'A' WAVE. IFNIFTY MOVES BELOW 4200 THEN DEEPER CORRECTION WILL BE SEEN.BELOW 4200 NEXT SUPPORT IS AT 4100. THIS FACT SHOULD ALSO BE KEPT IN MIND THAT IT IS THE NATURE OF CORRECTIVE RALLY THAT THEY TENDS TO TEST 50 DMA WHICH IS NOW AT 3928.

I CLEARLY TOLD YESTERDAY AND REPEATING IT AGAIN TODAY THAT 'THERE IS GOOD SELLING AT HIGHER LEVELS THEREFORE VERY GOOD CONSOLIDATION REQUIRES FOR ANY UPMOVE FROM HERE". UNTIL CORRECTION DOES NOT COMPLETE AND FRESH UPMOVE DOES NOT START AFTER COMPLETION OF CORRECTION TILL THEN INVESTMENT SHOULD NOT BE DONE. AS I PERCEIVED THIS CORRECTION MUCH EARLIER THEREFORE I STOPPED TO GIVE INVESTMENT CALLS IN INVESTMENTS AND PORTFOLIOS MANAGEMENT THREAD. INDIAN MARKETS ARE SLIDING AND AFTER CONFIRMATION OF INTERMEDIATE TREND TOWARD DOWNWAD SIDE WAIT FOR BEGINING OF FRESH UPMOVE AND THEN THINK FOR INVESTMENT.

1- MACD HAS CROSSED DOWNWAD AVERAGE LINE THEREFORE CONFIRMING SETTLING OF DOWN MOVE.
2- FAST AND SLOW STOCHASTIC HAVE MOVED INTO OVERSOLD ZONE THEREFORE INDICATING ONLY A SMALL UPMOVE.
3- ROC AND RSI ARE MOVING INTO NEGATIVE ZONE AFTER SHOWING CLEAR DIVERGENCE IN OVERBOUGHT AREA THEREFORE INDICATING WEAKNESS.

NIFTY TRADED LAST 2 HOURS YESTERDAY WITHIN THE RANGE OF 4230-4280. IF NIFTY SUSTAINS ABOVE 4280 THEN ONLY SMALL RECOVERY CAN BE EXPECTED.AS 4200-4250 IS STRONG SUPPORT THEREFORE IF NIFTY SUSTAINS ABOVE IT THEN THAT WILL ONLY TELL FOR BEGINING OF 'B' CORRECTIVE WAVE AND THAT WILL NOT MEAN THAT FRESH UPMOVE STARTED AFTER COMPLETION OF CORRECTION. FOR CORRECTION COMPLETION MORE EVIDENCES ARE REQUIRED.ALTHOUGH LITTLE UPMOVE IS EXPECTED AFTER POSITIVE OPENING BUT IF NIFTY DOES NOT SUSTAINS ABOVE 4250 THEN RED CLOSING WILL BE SEEN TODAY AND MORE DOWN MOVES IN COMING WEEK.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(18-06-2009)

LONG AND INTERMEDIARTE TERM TRENDS ARE UP AND SHORT TERM TREND IS DOWN. INTERMEDIATE TERM TREND WILL BE DOWN BELOW 4365. ALTHOUGH NIFTY CLOSED BELOW IT AT 4356.15 YESTERDAY BUT NIFTY HAS TO SUSTAIN BELOW 4365 FOR CONFIRMATION OF INTERMEDIATE TERM TOWARDS DOWNWARD DIRECTION. INTERMEDIATE TERM TREND DOWNWARD REPERCUSSIONS WILL BE WRITTEN AFTER ITS DOWNWARD CONFIRMATION.

AFTER SHARP FALL INDIAN MADE PANIC BOTTOM YESTERDAY AND F&O OPEN INTEREST ANALYSIS IS SUGGESTING SOME BUYING YESTERDAY THEREFORE SOME RECOVERY FROM YESTERDAY LOWER LEVELS IS EXPECTED TODAY. IF AFTER FLAT OPENING INDIAN MARKET CONSOLIDATES AND SUSTAINS ABOVE 4365 THEN SMALL PULL BACK WILL BE SEEN TODAY. AS THERE IS GOOD SELLING AT HIGHER LEVELS THEREFORE VERY GOOD CONSOLIDATION REQUIRES FOR ANY UPMOVE FROM HERE. FOR NEXT TREND CONFIRMATION WATCH 4365.

IT IS EXPECTED THAT INDIAN MARKETS WILL CONSOLIDATE NEAR YESTERDAY LOWER LEVELS AND WILL FINALLY MOVE UP AS WELL AS CLOSE IN GREEN TODAY BUT FOR PRECAUTION AND SAFETY 4365 MUST BE WATCHED FOR TREND CONFIRMATION.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(17-06-2009)

I WOULD LIKE TO TELL ALL THE VISITORS THAT ALL THE FINANCIAL MARKETS MOVES ON TECHNICALS BUT THERE MUST BE COMPLETE UDERSTANDING OF ITS ANALYSIS. IT IS THE RESULT OF CHARTS ANALYSIS THAT WHEN ALL THE GLOBAL MARKETS WERE IN DEEP RED AND SGX NIFTY WAS TRADING MORE THAN 100 POINTS DOWN THEN I CLEARLY TOLD YESTERDAY THAT "AFTER GAP DOWN OPENING NIFTY WILL GET INTRADAY SUPPORT NEAR 4400 AND SHARP INTRADAY RECOVERY MAY BE SEEN TODAY". AS I TOLD 100% SAME HAPPENED AND NIFTY MOVED UP WHOLE DAY AFTER GAP DOWN OPEN AND MAKING BOTTIM AT 4405.95. I CLEARLY MEAN TO SAY THAT MARKETS MOVES ON TECHNICALS IN INTRADAY,SHORT AND INTERMEDIATE TERM. ALTHOUGH MARKET MOVED UP WHOLE DAY YESTERDAY BUT INTRADAY CHARTS OF YESTERDAY NOT SHOWING COMPLETE BUYING BUT ALSO SHOWING SELLING IN SOME STOCKS. FOR ANY UPMOVE FROM HERE MORE CONSOLIDATION AND FOLLOW UP BUYING IS MUST TODAY. AS LAST ONE DAY INTRADAY CHARTS OF YESTERDAY IS SHOWING SHORTCOVERING THEREFORE IF FOLLOW UP BUYING DOES NOT COME TODAY THEN INDIAN MARKETS MAY SLIDE FURTHER.

SHORT TERM CORRECTION HAS BEEN STARTED IN ALMOST ALL GLOBAL MARKETS THEREFORE NEGATIVE CUES ARE COMING FROM THERE. INDIAN MARKETS WILL RESPOND TO GLOBAL CUES AND LAST ONE HOUR YESTERDAY SELLING WITH WEAK OPENING AND VOLTALITY IMMEDIATELY AFTER OPNING TODAY. TODAY SESSION WILL BE VOLATILE WITHIN YESTERDAY TRADING RANGE(4435-4515) AND INDIAN MARKETS WILL PREPARE FOR NEXT MOVE. FOR FRESH UPMOVE MORE CONSOLIDATION REQUIRES THEREFORE IMMEDIATE BULLISHNESS SHOULD NOT BE EXPECTED.

AFTER WEAK OPENING NIFTY WILL TRADE FIRST WITHIN 4435-4515 AND WILL BE VOLATILE. IT IS ALSO EXPECTED THAT NIFTY MAY TEST BOTH POINTS OF MENTIONED RANGE(4435-4515) BEFORE RED CLOSING TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(16-06-2009)

LONG AND INTERMEDIATE TERM TRENDS ARE UP AND SHORT TERM HAS BECOME DOWN YESTERDAY.SHARP DOWN OF CORRECTION WAS SEEN YESTERDAY BUT I WAS NON STOP DAILY TELLING FOR CORRECTION:-

1- 08-06-2009:-"A VERY SHORT TERM CORRECTION WILL BE SEEN AND NIFTY MAY TEST 4470."

2- 08-06-2009:-"TESTING OF 4470 IS POSSIBLE IN VERY SHORT TERM CORRECTION."

3- 09-06-2009:-"SHORT TERM TREND HAS STARTED TO MOVE DOWN FROM YESTERDAY AND WITH THIS DOWN MOVE CORRECTION STARTED. CONSOLIDATION WILL STOP CORRECTION"

4- 09-06-2009:-"AT THIS MOMENT SHORT TERM CORRECTION HAS BEEN CONFIRMED"

5- 10-06-2009:-"DOWNWARS BREAK OUT WILL MEAN BEGINING OF SHORT TERM CORRECTION AND ALSO WITH POSSIBILITY OF INTERMEDIATE TERM TREND TOWARDS DOWN SIDE.IN THIS SITUATION INDIAN MARKETS WILL TEST NEXT SUPPORTS AT LOWER LEVELS."

6- 12-06-2009:-"LAST 2 DAYS INTRADAY CHARTS OF MANY STOCKS ARE SHOWING SELLING PATTERNS THEREFORE CORRECTION IS EXPECTED"

7- 12-06-2009:-"IT IS THE ONLY QUESTION LEFT AT THIS MOMENT THAT EXPECTED CORRECTION WILL BE VERY SHORT TERM OR SHORT TERM"

8- 15-06-2009:-"INTRADAY CHARTS OF MANY STOCKS ARE CLEARLY SHOWING SELLING PATTERNS"

9- 15-06-2009:-"CORRECTION OF MARCH 2009 RALLY WILL START AND NIFTY WILL TEST 4400"

10- 12-06-2009:-"CORRECTION WILL START TO TEST 4400"

NOW FIRST RESISTANCE RANGE OF MARCH 2009 RALLY IS 4600-4680. AFTER US AND EUROPEAN MARKETS DEEP RED CLOSING YESTERDAY ASIAN MARKETS ARE TRADING WEAK TODAY THEREFORE SENTIMENT IS DAMPENED TODAY MORNING AND INDIAN MARKETS WILL OPEN GAP DOWN TODAY. SOME INTRADAY CHARTS OF YESTERDAY ARE SHOWING BUYING FORMATIONS AND OPEN INTEREST ANALYSIS OF FUTURE AND OPTIONS IS ALSO INDICATING DOWN MOVE LIMITATIONS. IT IS EXPECTED THAT AFTER GAP DOWN OPENING NIFTY WILL GET INTRADAY SUPPORT NEAR 4400 AND SHARP INTRADAY RECOVERY MAY BE SEEN TODAY.

NOW GOOD CONSOLIDATION IS REQUIRED FOR COMPLETION OF CORRECTION AND BEGINING OF FRESH UPMOVE.4400 SHOULD BE WATCHED IF NIFTY GETS SUPPORT HERE THEN WE SHALL THINK FOR UPMOVE.AS MARKET WILL BE NEAR THE SUPPORT OF 4400 TODAY THEREFORE FIRST 3 HOURS ANALYSIS OF TODAY TRADING IS MUST TO CONFIRM THAT MARKET IS GETTING SUPPORT AT 4400 OR NOT.AFTER GETTING FINAL CONCLUSION NEXT EXPECTATIONS WILL BE POSTED IN MID-SESSION OUTLOOK.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(15-06-2009)

NIFTY TRADED LAST 3 HOURS ON 12-06-2009 BETWEEN 4570-4625. ONLY WATCH THIS RANGE(4570-4625) BECAUSE THIS WILL GIVE CONFIRMATION TO CORRECTION. ALTHOUGH ALL TRENDS ARE UP AND MARKET SHOWED EXCEPTIONAL STRENGTH BUT INTRADAY CHARTS OF MANY STOCKS ARE CLEARLY SHOWING SELLING PATTERNS THEREFORE GET CONFIRMATION FROM SUSTAINING BELOW 4600. IF NIFTY SUSTAINS BELOW 4600 THEN CORRECTION OF MARCH 2009 RALLY WILL START AND NIFTY WILL TEST 4400 AS WELL AS 4100 IS ALSO POSSIBLE IN COMING SESSIONS.

IT IS EXPECTED THAT INDIAN MARKETS WILL CLOSE IN RED TODAY AND CORRECTION WILL START TO TEST 4400.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(12-06-2009)

MARCH 2009 RALLY IS STRONGEST EVER 1ST WAVE MOVE IN INDIAN STOCK MARKET WHICH CLIMBED MORE THAN 2100 POINTS WITH ONLY VERY SHORT TERM CORRECTIONS. EACH AND EAVERY TIME IT HAPPENED THAT AFTER SOME SELLING MARKET CONSOLIDATED AND MOVED UP IMMEDIATELY. LAST 2 DAYS INTRADAY CHARTS OF MANY STOCKS ARE SHOWING SELLING PATTERNS THEREFORE CORRECTION IS EXPECTED. IT IS THE ONLY QUESTION LEFT AT THIS MOMENT THAT EXPECTED CORRECTION WILL BE VERY SHORT TERM OR SHORT TERM.AS PER MY VIEW NIFTY SUSTAINING BELOW 4600 WILL GIVE CONFIRMATION TO VERY SHORT TERM CORRECTION AND NIFTY SUSTAINING BELOW 4400 WILL GIVE CONFIRMATION TO SHORT TERM CORRECTION.
AS MOST OF THE GLOBAL MARKETS ARE POSITIVE TODAY MORNING THEREFORE INDIAN MARKETS WILL OPEN POSITIVE AND CLOSE IN RED TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(11-06-2009)

ALL TRENDS ARE UP NOW AND NIFTY TRADED WHOLE DAY YESTERDAY WITHIN THE RANGE OF 4640-4680. SOME SELLING PATTERNS DEVELOPED YESTERDAY IN INTRADAY CHARTS THEREFORE CONSOLIDATION REQUIRED FOR CROSSING YESTERDAY TRADING RANGE. AS ALL TRENDS ARE UP AND RALLY IS STRONGEST EVER THEREFORE ANY TYPE OF CORRECTION IS NOT POSSIBLE FROM SELLING PATTERNS OF ONLY ONE DAY INTRADAY CHARTS THEREFORE NIFTY WILL OPEN IN YESTERDAY TRADING RANGE(4640-4680) AND WILL TRADE FIRST WITHIN THAT RANGE AND CONSOLIDATE FOR NEXT UPMOVE. IF FOLLOW UP SELLING DOES NOT COME TODAY THEN ON GOING UPMOVE WILL REMAIN CONTINUED AND INDIAN MARKETS WILL COLSE IN GREEN TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(10-06-2009)

I TOLD IN MID-SESSION OUTLOOK AT 12:50 PM YESTERDAY THAT:- "JUST WATCH FIRST RESISTANCE OF 4535-4555 AND TRADE ACCORDING TO THE MARKET SUSTAINING UP OR BELOW OF THIS RANGE."
NIFTY TRADED ALMOST WHOLE TIME NEARABOUT THIS RANGE AFTER 12:50 PM AND CLOSED WITHIN THIS RANGE AT 4550.95 YESTERDAY. I AGAIN REPEATED SAME VERSION YESTERDAY IN MY FUTURE OUTLOOK OF YESTERDAY POST CLOSING REPORT AND ONCE AGAIN EMPHASISING IT WITH MY THIS STATEMENT THAT DO'NT BE BULLISH OR BEARISH IN SHORT TERM AND ONLY WATCH THAT WHICH SIDE OF MENTIONED RANGE(4535-4555) NIFTY IS SUSTAINING AND TRADE ACCORDING TO THAT. I CLEARLY MEAN TO SAY THAT IF NIFTY SUSTAINS ABOVE 4555 THEN WILL COUNTER LAST RESISTANCE RANGE (4600-4650) OF THIS RALLY AND IF SUSTAINS BELOW 4535 THEN WILL TEST FIRST SUPPORT RANGE(4300-4350) OF THIS RALLY.
LONG AND INTERMEDIATE TERM TRENDS ARE UP AND SHORT TERM TREND IS SIDEWAYS FOR THE LAST 7 DAYS WITHIN THE RANGE OF 4365-4650. LAST 7 DAYS SIDEWAYS TRADING IS PREPERATION FOR NEXT BIG MOVE AND FIRST SIGNAL OF BREAK OUT OF LAST 7 DAYS RANGE WILL COME FROM THE BREAK OUT OF THE TRADING RANGE OF 4535-4555. UPWARD BREAK OUT WILL MEAN TESING OF THE RANGE OF 4600-4650 AND CROSSING OF 4650 WILL MEAN CONTINUATION OF ONGOING RALLY TO TEST +4900 LEVEL. DOWNWARS BREAK OUT WILL MEAN BEGINING OF SHORT TERM CORRECTION AND ALSO WITH POSSIBILITY OF INTERMEDIATE TERM TREND TOWARDS DOWN SIDE.IN THIS SITUATION INDIAN MARKETS WILL TEST NEXT SUPPORTS AT LOWER LEVELS.
NEXT SUPPORTS ARE AS FOLLOWS:-
1- 4300-4350
2- 4200-4250
3- 4100-450
AFTER FLAT US AND EUROPEAN MARKETS ASIAN MARKETS ARE POSITIVE TODAY THEREFORE AFTER GOOD OPENING NIFTY SUSTAINING ABOVE 3555 WILL MEAN CONTINUATION OF UPWARD JOURNEY AND GREEN CLOSING TODAY.

(LALIT KUMAR DHINGRA)