ALTHOUGH CHINESE MARKETS CRASH ON 29-07-2009 WAS MOST UNEXPECTED BUT ALL GLOBAL MARKETS AGAIN STARTED UP MOVES AFTER GETTING POSITIVE CUES FROM US MARKETS THEREFORE INDIAN MARKETS WILL ALSO RESPOND GLOBAL RALLY WITH POSITIVE OPENING TODAY. I AM AGAIN AND AGAIN TELLING THAT INDIAN MARKETS ARE TRADING WITHIN RESISTANCE ZONE OF 4525-4693 THEREFORE UPMOVES REQUIRE CONSOLIDATION AT EVERY RISE. LAST STRONG RESISTANCE RANGE IS 4650-4693 AND INDIAN MARKETS WILL SHOW SHARP UPMOVES AFTER CROSSING THIS RANGE. NOW ALL TRENDS ARE UP INDIAN MARKETS ARE READY TO CROSS 4693 UPTO NEXT WEEK.
ALL GLOBAL MARKETS ARE BULLISH TODAY THEREFORE GLOBAL CUES ARE VERY MOCH STRONG TODAY MORNING. GREEN CLOSING IS EXPECTED AFTER POSITIVE OPEN BUT MARKET MAY BE VOLATILE AND BUYING SHOULD BE DONE AFTER COMPLETION OF INTRADAY CORRECTIONS. I AM AGAIN REPEATING THAT UP MOVES WILL BE SLOW UPTO 4693.
(LALIT KUMAR DHINGRA)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment