ALL TRENDS ARE UP BUT SOME INTRADAY SELLING PATTERNS WERE VISIBLE YESTERDAY THEREFORE SOME DOWN MOVES ARE POSSIBLE TODAY. AS ALL TRENDS ARE BULLISH THEREFORE MORE SELLING IS MUST TODAY FOR ANY TYPE OF DOWN MOVES. AFTER WEAKER GLOBAL CUES AND NEGATIVE OPENING IF NIFTY IS SUSTAINING ABOVE 4630 THEN NO RISK TO RALLY AND AFTER SOME CONSOLIDATION RALLY WILL REMAIN CONTINUED. IF FOLLOW UP SELLING DEVELOPS TODAY THEN MORE DOWN MOVES WILL BE CONSIDERED. AS SOON AS SOME SELLING EMERGED YESTERDAY THEN I TOLD AT 11:45 AM YESTERDAY:-
"RANGE BOUND(4675-4694) TRADING SINCE MORNING AND MARKET IS TRADING ABOVE HALF PERCENT GAINS BUT PRODUCING MIXED INTRADAY PATTERNS THEREFORE TRADING SHOULD BE DONE AFTER MENTIONED RANGE BREAK OUT"
AFTER LITTLE SELLING SIGNALS I WAS CAUTIOUS THEREFORE I GAVE ONLY FOLLOWING NIFTY PUT BUYING CALL:-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1251345508908&aid=1234097281$pid=1251345508908
AFTER WEAKER OPENING TODAY INTRADAY CHARTS ANALYSIS IS MUST FOR FINAL VIEW ON TODAY CLOSING BECAUSE MARKET IS NOT TRENDING BUT RANGE BOUND AND PREPARING FOR NEXT MOVES. AS AND WHEN TODAY CLOSING WILL BE FINALISED WILL BE POSTED. AS FAR AS TRENDS ARE CONCERNED ALL ARE BULLISH AND YESTERDAY SOME SELLING MAY GIVE A DIP ONLY AND FOR CONFIRMED DOWN MOVES FOLLOW UP SELLING IS MUST TODAY THEREFORE WILL BE BETTER TO ANALYSE TODAY INTRADAY CHARTS FOR FINAL CONCLUSIONS.IF NIFTY SUSTAINS BELOW 4630 AFTER YESTERDAY SELLING AT HIGHER LEVELS AND AFTER WEAKER GLOBAL CUES TODAY THEN MORE DOWN MOVES AND TODAY RED CLOSING WILL BE SEEN TODAY.
(LALIT KUMAR DHINGRA)
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment