MY MARKET OUTLOOKS ARE LIVE PROOF OF THIS FACT THAT I AM BULLISH ON INDIAN MARKET FROM 13-07-2009 WHEN NIFTY FORMED 3919. I AM TELLING AGAIN AND AGAIN FOR CROSSING 4693 AND NIFTY DONE IT YESTERDAY. ANYONE CAN EASILY VERIFY THAT ALMOST ALL MY INDIAN AND GLOBAL MARKETS PREDICTINS ARE PROOVING TRUE THEREFORE GO THROUGH CAREFULLY MY OUTLOOKS AND CERTAINLY WILL BE HELPFUL IN TRADING. NIFTY CORRECTION COMPLETED AFTER GAINING 774(4693-3919) POINTS. FOR SHORT TERM TRADING NIFTY TARGETS ARE AS FOLLOWS:-
1ST TARGET- 13.0% OF 774 IS= 101+4693=4794
2ND TARGET- 23.6% OF 774 IS= 183+4693=4876
3RD TARGET- 38.2% OF 774 IS= 296+4693=4989
4TH TARGET- 50.0% OF 774 IS= 387+4693=5080
5TH TARGET- 61.8% OF 774 IS= 401+4693=5094
6TH TARGET- 76.4% OF 774 IS= 591+4693=5284
7TH TARGET- 87.0% OF 774 IS= 673+4693=5366
8TH TARGET- 100.0% OF 774 IS= 774+4693=5467
ALL TRENDS ARE UP AND INDIAN MARKETS BROKEN OUT YESTERDAY AND SENTIMENT IS UPBEAT TODAY MORNING THEREFORE POSITIVE ZONE TRADING WILL BE SEEN BUT PROFIT BOOKING AND VOLTALITY IS EXPECTED TODAY. IF NIFTY DOES NOT SUSTAIN ABOVE 4790 WITHIN FIRST 15 MINUTES THEN SHARP INTRADAY CORRECTION MAY BE SEEN TODAY. TREND IS POSITIVE UPMOVES AND GREEN CLOSING IS EXPECTED TODAY BUT CONFIRMATION THROUGH FIRST 3 HOURS INTRADAY CHARTS ANALYSIS OR SUSTAINING ABOVE 4790 IS MUST FOR DETERMINING TODAY GREEN CLOSING.
(LALIT KUMAR DHINGRA)
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