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)