Wednesday, August 12, 2009

PRE-OPEN MARKET OUTLOOK(12-08-2009)

LONG TERM TREND IS UP,SHIRT TERM TREND IS DOWN AND INTERMEDIATE TERM WILL BE DOWN BELOW 4380. IF INTERMEDIATE TERM TURNS DOWN THEN THAT WILL BE A BLOW TO INDIAN MARKETS. AS INDIAN MARKETS WILL TRADE IN RED FIRST AFTER WEAK OPENING THEREFORE WATCH 4380 ALSO AND IF SUSTAINS BELOW IT THEN SHARP DOWN MOVES WILL BE SEEN. ALTHOUGH LONG TERM TREND IS UP AND UNTIL IT IS TILL THEN RALLY HOPES CAN NOT BE GIVEN UP BUT FOLLOWING THREE NEGATIVE FACTOTOS HAVE MARRED RALLY:-
1- WEAK MONSOON
2- SWINE-FLU
3- WEAKING GLOBAL MARKETS.
INDICATORS HAVE STARTED TO CONFIRM WEAKNESS AND IF NIFTY SUSTAINS BELOW 4380 THEN NEXT HOPE FOR ON-GOING RALLY WILL BE FOLLOWING SUPPORTS:-
1- 4200
2- 3919
3- 200 EMA AND IT IS TODAY AT 3873.
I AM NON STOP TELLING FOR DOWN MOVES JUST BEFORE ITS BEGINING AND STILL EXPECTING MORE DOWN MOVES THEREFORE HOLDING SHORTING POSITIONS. MY SHORTING PROOF IS FOLLOWING SMS THROUGH WHICH I SENT SHORTING MESSAGE YESTERDAY AND MAY COVER WITH GOOD PROFITS IF I COVER IMMEDIATELY AFTER OPENING TODAY. JUST CLICK LINK TO VERIFY SMS:-
http://www.orkut.co.in/Main?uid=8275873050611306001#AlbumZoom.aspx?uid=15126964664090279701&pid=1250049495331&aid=1234097281$pid=1250049495331
RED CLOSING AFTER RED OPENING IS EXPECTED TODAY.

(LALIT KUMAR DHINGRA)

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