WHATSOEVER HAPPENS IN FINANCIAL MARKETS ALL THAT CAN BE PREDICTED THROUGH THE ANALYSIS OF YEARLY,WEEKLY,DAILY AND INTRADAY CHARTS.FROM THE ANALYSIS I CLEARLY TOLD ON 08-05-2009 THAT:-
1- INTRADAY CHARTS OF LAST 4 SESSIONS ARE CLEARLY AND CONFIRMLY TELLING THAT LAST 4 DAYS RANGE(3600-3717) WILL BREAK DOWN.
2- ECONOMIC,POLITICAL,NATIONAL OR INTERNATIONAL GOOD NEWS WILL NOT BE ABLE TO STOP INDIAN MARKETS FROM BREAKING DOWN AND TESTING 3352
3- VOLTALITY MAY INCREASE OR NIFTY MAY MOVE ABOVE 3700 BUT WILL NOT BE ABLE TO SUSTAIN ABOVE 3700 AND WILL MOVE DOWN FINALLY TO TEST 3352.
4- INDIAN MARKETS WILL CLOSE IN RED AFTER FLAT TO RED OPENING TODAY.
ALTHOUGH I WAS VERY WELL AWARE OF STRONG FII BUYING DURING PREVIOUS DAYS BUT I CLEARLY TOLD THAT INTRADAY CHARTS OF LAST 4 SESSIONS ARE CLEARLY AND CONFIRMLY TELLING THAT LAST 4 DAYS RANGE(3600-3717) WILL BREAK DOWN AND SAME HAPPENED ON VERY SAME DAY NIFTY MOVED BELOW 3600.I ALSO TOLD FOR 3352 BUT I SHALL GIVE ONE CAVIET FOR 3352 TODAY THAT FOR 3352 FOLLOW UP SELLING IS MUST TODAY BECAUSE BUYING PATTERNS WERE ALSO SEEN DURING LAST ONE HOUR ON 08-05-2009.
INDIAN MARKETS WILL OPEN ALOMOST FLAT AND WILL PREPARE FOR NEXT MOVE WITHIN LAST 5 DAYS RANGE(3585-3717) AND IT IS CONFIRM THAT BREAK OUT OF THIS RANGE WILL GIVE MORE THAN 300 NIFTY POINTS MOVE.ALTHOUGH DOWN SIDE BREAK OUT POSSIBILITIES ARE MORE BUT INDIAN MARKETS WILL HAVE TO PREPARE FOR NEXT MOVE WITHIN 5 DAYS RANGE BECAUSE BUYING PATTERNS WERE ALSO SEEN DURING LAST ONE HOUR ON 08-05-2009.FOR SAFETY CONFIRMATION FROM FIRST 3 HOURS INTRADAY CHARTS ANALYSIS IS MUST AND POSTING WILL BE DONE ACCORDING TO FINAL CONCLUSIONS.
(LALIT KUMAR DHINGRA)
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