I AM REPRODUCING MY THIS VERSION OF YESTERDAY BECAUSE WHEN ALL ROUND QBOVE 3600 LEVELS PREDICTIONS WERE GOING ON THEN I TOLD CONTINUOUSLY THESE LINES FOR GUIDEANCE,JUST REMEMBER THESE LINES BECAUSE THEY WILL SHOW WAYS IN PULL BACK RALLIES:-
1- "AS IT HAS BEEN OBSERVED MANY TIMES THAT BEAR MARKET RALLIES REVERSED BACK AFTER TESTING 200 DMA THEREFORE THIS LAST CONFIRMATION IS MUST FOR ASCERTAING BEGINING OF BULL MARKETS THAT INDIAN MARKETS ARE SUSTAINING ABOVE 200 DMA OR NOT."
2- "SUFFICIENT INTRADAY SELLING AND SELLING PATTERNS ON DAILY CHARTS ARE MUST FOR REVERSAL OR CORRECTION OF MARCH 2009 PULL BACK RALLY."
3- 200 DMA HAS BEEN TESTED AND SUFFICIENT INTRADAY SELLING AND SELLING PATTERNS ON DAILY CHARTS HAS BEEN FORMED THEREFORE INDIAN AMRKETS ARE NOW READY FOR CORRECTION.
I CONFIRMED CORRECTION YESTERDAY AND EXACTLY CORRECTION STARTED FROM YESTERDAY THROUGH RED CLOSING AND WILL REMAIN CONTINUED FROM DEEP RED OPENING TODAY.
ON GOING PULL BACK RALLY IS LED BY US MARKETS AND YESTERDAY NIGHT US MARKETS SLIPPED RAPIDELY THEREFORE ALMOST ALL ASIAN MARKETS ARE TRADING 1% TO 4% DOWN. IT WILL CERTAINLY IMPACT INDIAN MARKETS AND OPENING WILL BE IN DEEP RED.RBI CREDIT POLICY WILL BE DECLARED TODAY AND POSITIVE ANNOUNCEMENTS WILL INCREASE VOLTALITY ONLY.CORRECTION IS VERY MUCH ON AND UNTIL IT WILL NOT COMPLETE UPTREND WILL NOT START.
ALTHOUGH IT IS VERY MUCH EXPECTED THAT TODAY OPENING AND CLOSING WILL BE IN RED BUT RBI MOST POSITIVE ANNOUNCEMENTS MAY PRODUCE UP MOVE AND PAVE THE WAY OF TODAY GREEN CLOSING.TECHNICAL BASED STOCK MARKETS PREDICTIONS AND ASTROLOGY ARE ABSOLUTELY DIFFERENT THINGS BECAUSE MARKETS ALWAYS CHANGES ITS INTRADAY MOVES,OPENING AND CLOSING ACCORDING TO NEWS FLOW ALSO. MARKETS TRADES FINALLY ACCORDING TO ITS OWN TECHNICAL POSITIONS THEREFORE OPENING AND CLOSING MAY CHANGE A LITTLE ACCORING TO NEWS FLOW BUT MARKETS MOVEMENTS WILL BE FINALLY ACCORDING TO ITS OWN DIRECTION,TRENDS POSITIONS.
AFTER RED OPENING RED CLOSING IS ALSO VERY MUCH EXPECTED.
(LALIT KUMAR DHINGRA)
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