3RD WAVE(2ND IMPULSIVE WAVE) IS ON AFTER THE COMPLETION OF INTERMEDIATE CORRECTION OF 1ST WAVE. I TOLD MANY TIMES FOR ON GOING RALLY IN MY PREVIOUS OUTLOOKS. JUST CLICK FOLLOWING LINK OF MY 27-07-2009 OUTLOOK FOR MINIMUM TARGET OF 3RD WAVE:-
http://www.orkut.co.in/Main#CommMsgs?cmm=34695909&tid=5362873148611015524
I CLEARLY TOLD YESTERDAY:-"NIFTY WILL FIRST CONSOLIDATE NEAR 4800 AND AFTER THAT MOVE UP TOWARDS 4840 AND WILL MOVE UP FINALLY AFTER SOME CONSOLIDATION NEAR 4840."
NIFTY CONSOLIDATED WHOLE DAY YESTERDAY NEAR 4800 AND WILL TRADE TODAY 4840 TODAY. I AM NOT TELLING IT AFTER WATCHING STRONG GLOBAL MARKETS AND SGX NIFTY TRADING +50 BUT I TOLD FOR TODAY UP MOVE AT 04:01 PM YESTERDAY IN THE FUTURE OUTLOOK OF POST CLOSING REPORT(08-09-2009):- FOR PROOF JUST CLICK LINK;-
http://www.orkut.co.in/Main#AlbumZoom?uid=15126964664090279701&pid=1252550689730&aid=1234097281$pid=1252550689730
RALLY IS ON AND IT IS EXPECTED THAT INDIAN MARKETS WILL STAY SOME TIME WITHIN RESISTANCE RANGES THEREFORE NEXT RESISTANCE RANGES ARE AS FOLLOWS:-
1- 4870-4940
2- 5120-5160
3- 5200-5250
AS PER MY VIEW CONSOLIDATION REQUIRES AT EVERY RESISTANCE RANGE THEREFORE MARKET WILL STAY SOMETIME WITHIN OR BEAR ABOUT RESISTANCE RANGES AND MOVE UP AFTER CONSOLIDATION.RESISTANCE RANGE OF 5200-5250 IS STRONG AND NIFTY WILL TAKE COMPLETE TIME WITHIN THIS RANGE FOR CONSOLIDATION.IT IS ALSO EXPECTED THAT INDIAN MARKETS MAY REMAIN RANGE BOUND FOR MONTHS WITHIN THIS RANGE.
(CONTD.IN PART 2)
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(IN CONTINUATION OF PART-1)
ReplyDeleteSTOCK MARKET IS SCIENCE AND TRADING IS ART THEREFORE STOCK MARKET FUNDAMENTAL AND TECHNICAL ANALYSIS HSOULD BE STUDIED LIKE SCIENCE SUBJECT AND TRADING ART DEVELOPS AFTER MANY YEARS OF REGULAR PRSCTISE. SOME CUES OF TRADING:-
1- ALWAYS KEEP STRICT STOP LOSS. EITHER IN MIND OR IN COMPUTER.
2- PROTECTION OF CAPITAL IS MUST.
3- NEVER TRADE IN CONFUSION.
4- NEVER LEAVE PROFITS IN GREED.
5- ALWAYS GRAB AND PROTECT YOURS PROFITS.
6- NEVER RUN LOSS MAKING TRADES.
7- NEVER 100% RELY ON MEDIA REPORTS AND USE YOURS DISCRETION.
AS PLACE WILL BE SHORT THEREFORE MORE RULES LATER ON.
AS PRIMARY TREND IS BULLISH AND MARKET WAS CONSOLIDATING YESTERDAY THEREFORE I TOLD IN MID SESSIONS OUTLOOKS ONLY FOR BUYING AND NEVER ADVISED FOR SHORTING.FOLLOWING SMS PICTURE IS PROOF OF THIS FACT THAT WE WAIT PATIENTLY FOR FRESH CONSOLIDATION CONFIRMATION AFTER BOOKING PROFITS IN ONE DAY BEFORE BUYING AND AGAIN BOUGHT NIFTY SEP FUT AND CALL OPTION YESTERDAY AFTER CONFIRMATION OF TODAY UP MOVE. FOR PROOF JUST CLICK LINK OF SMS PICTURE.
http://www.orkut.co.in/Main#AlbumZoom?uid=15126964664090279701&pid=1252550689730&aid=1234097281$pid=1252550676687
GREEN OPENING AND GREEN CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)