MARCH 2009 RALLY IS GLOBAL MARKET RALLY AND INDIAN MARKETS ALSO PARTICIPATED FULLY.NOW THIS RALLY IS 22 DAYS OLD AND SHORT TERM CORRECTION IS DUE NOW BUT MARKET IS NOT COMPLETELY PREPARED AT THIS MOMENT.AFTER SOME SELLING SOME CONSOLIDATION PATTERNS ALSO SEEN THEREFORE IT WILL BETTER TO WATCH INTRADAY TRADING PATTERNS BECAUSE THAT WILL TELL FIRST OF ALL ABOUT NEXT MOVES.IT WILL EXPECTED THAT NIFTY WILL PREPARE BETWEEN 3330-3400 FOR NEXT MOVE AND BREKING OUT OF THIS RANGE WILL CONFIRM THAT CORRECTION COMING AT THIS STAGE OR LATER ON.
NIFTY WILL TRADE BETWEEN MENTIONED RANGE(3330-3400) AFTER FLAT OPENING AND TRADING SHOULD BE DONE ACCORDING TO BREAKING OUT OF THIS RANGE.AS ON BUSINESS NEWS CHANNELS CORRECTION TALKS ARE GOING ON CONTINUOUSLY THEREFORE CORRECTION HAS NOT STARTED THEREFORE IT WILL BE SAFE TO TRADE AFTER BREAK OUT OF MENTIONED RANGE.AS AND WHEN INTRADAY CHARTS WILL GIVE NEXT CONFIRMATION THEN CONCLUSION WILL BE POSTED IN COMMUNITIES FOR TRADING GUIDEANCE.
(LALIT KUMAR DHINGRA)
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