ALL TRENDS ARE UP AND INDIAN MARKETS BROKEN OUT STRONGLY LAST 3 MONTHS RANGE. INDIAN MARKETS ARE TECHNICALLY POISED FOR STRONG RALLY NOW BUT GLOBAL CUES TURNED EXTREMELY NEGATIVE. AFTER US MARKETS MODERATE RED CLOSING ASIAN MARKETS ARE IN DEEP RED TODAY MORNING. SENTIMENT DAMPENED THEREFORE RED OPENNG WILL BE SEEN TODAY.
INDIN MARKETS HAVE BROKEN OUT AND PREPARED FOR STRONG RALLY AND IF CRASH LIKE SITUATIONS ARE NOT SEEN IN GLOBAL MARKETS THEN INDIAN MARKETS WILL SHOW STRONG RALLY IN THE COMING MONTH. IF AFTER WEAK OPENING NIFTY SUSTAINS ABOVE 4660 THEN UPTREND WILL REMAIN CONTINUED IN THE COMING SESSIONS.
AFTER RED OPENING CONSOLIDATION AND GREEN CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)
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