ALL TRENDS ARE UP AND INDIAN MARKETS ARE NEAR THE TOP OF LAST ONE MONTH RANGE(4353-4731). INDIAN MARKETS TESTED LOWEST OF THE RANGE 5 DAYS BACK AND NOW READY TO TEST ITS TOP. NIFTY SUSTAINED ALMOST WHOLE DAY YESTERDAY ABOVE 4645 AND NOW SET FOR ZOOMING UP. ONLY RESISTANCE RANGE OF THIS RALLY LEFT IS 4685-4715 THEREFORE MORE CONSOLIDATIONS REQUIRE IN THE COMING SESSIONS AND AFTER THIS NIFTY IF NIFTY CROSS BY FORCE 4715 AND SUSTAIN ABOVE IT THEN STRONG AND FAST RALLY WILL BE SEEN IN INDIAN MARKETS BECAUSE TRENDS ARE BULLISH FROM ALL TECHNICAL POINTS. AS INDIAN MARKETS ARE RANGE BOUND FOR THE LAST 3 MONTHS THEREFORE FURTHER CONSOLIDATION,BREAK OUT BY FORCE AND SUSTAINABILITY ABOVE 4715 IS MUST IN THE COMING SESSIONS FOR NEXT RALLY.
AFTER US AND EUROPEAN MARKETS FLAT CUES MAJORITY ASIAN MARKETS ARE IN GREEN AT THIS MOMENT AND GIVING POSITIVE SIGNALS THEREFORE POSITIVE OPENING WILL BE SEEN AND GREEN CLOSING IS ALSO EXPECTED TODAY. AS GOOD BUYING WAS SEEN YESTERDAY AND IF THIS TREND REMAINS CONTINUED TODAY THEN RALLY WILL BE SEEN. AS I AM CAUTIOUS THEREFORE BOUGHT ONLY NIFTY CALL OPTIONS YESTERDAY AND POSITIONS WILL BE INCREASED AFTER GETTING BREAK OUT CONFIRMATIONS. FOR NIFTY CALL OPTIONS BUYING PROOF JUST CLICK LINK;-
http://www.orkut.co.in/Main?uid=8275873050611306001#AlbumZoom.aspx?uid=15126964664090279701&pid=1251260033657&aid=1234097281$pid=1251260033657
(LALIT KUMAR DHINGRA)
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