Tuesday, May 19, 2009

PRE-OPEN MARKET OUTLOOK(19-05-2009)

BULLS HAVE COME WITH FULL STRENGTH AND INDIAN MARKETS ARE ZOOMING UP AND EYEING ON 2011 AND 2012.I MEAN TO SAY THAT INDIAN MARKETS ARE PREPARING FOR THE TARGETS OF 2011 AND 2012.I TOLD YESTERDAY AND AGAIN REPEATING TODAY THAT MARCH 2009 RALLY IS 1ST IMPULSIVE WAVE AND INDIAN MARKETS WILL NOT ONLY TEST BUT CROSS ALSO ALL TIME HIGH IN 2ND IMPULSIVE WAVE(3RD WAVE) AND 3ND IMPULSIVE WAVE(5TH WAVE).THIS WAVE IS REALISTIC AND LAYING FOUNDATION OF BULLISH INDIAN STOCK MARKETS.

RALLY IS LEAPING HIGH AFTER ELECTION RESULTS AND FOR SHORT TERM TRADING LET MARKET STOP AT ONE POINT AND TRADE SOME TIME THEN LEVELS WILL DECIDE AND TRADING SHOULD BE DONE AFTER GETTING CONFIRMATION THAT AT THESE HIGHER LEVELS BUYING IS DEVELOPING OR SELLING IS COMING. WAIT,WATCH AND THEN TRADE. SELLING SHOULD NOT DONE ONLY AFTER SEEING HIGHER LEVELS BECAUSE MARKETS MAY GO HIGH FROM THESE LEVELS ALSO. TRADING SHOULD BE DONE MOST CAREFULLY BECAUSE MARKETS MAY BE HIGHLE VOLATILE AND NIFTY MAY MOVE ANY SIDE MORE THAN 100 POINTS WITHIN VERY SHORT TIME.

TRADE CAREFULLY. INDIAN MARKETS WILL OPEN GAP UP. I NEVER DO GUESS WORK AND LIKE TO SAY ON A BASE AND AFTER GETTING CONFIRMATION THEREFORE NEXT VIEW WILL BE DECIDED AFTER WATCHING 3 HOURS MARKET AND POSTING WILL BE DONE ACCORDING TO CONFIRMATION.


(LALIT KUMAR DHINGRA)

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