PRE-OPEN MARKET OUTLOOK(20-03-2009)

INDIAN MARKETS HAVE BEEN RANGE BOUND JUST BELOW FIRST RESISTANCE OF 2840-2860 BETWEEN 2770-2835 AND IF THIS RANGE IS BROKEN DOWN IN COMING SESSIONS THEN DOWN MOVE WILL START TO TEST SUPPORTS.AS THIS RALLY IN INDIAN MARKET IS LED BY GLOBAL MARKETS RALLY THEREFORE GLOBAL MARKETS MOVES SHOULD ALSO BE KEPT IN MIND FOR DECIDING INDIAN MARKETS.US MARKETS CLOSED YESTARDAY IN RED AND INTRADAY CHARTS OF US INDICES ARE SHOWING SELLING PATTERNS,IF FURTHER DOWN MOVE STARTS IN US MARKETS THEN DOWN MOVES WILL ALSO BE SEEN IN INDIAN MARKETS BECAUSE LAST TWO DAYS INTRADAY CHARTS OF MANY INDIAN STOCKS AND INDICES ARE SHOWING SELLING PATTERNS.

AS MANY GLOBAL MARKETS INTRADAY CHARTS HAVE STARTED TO SHOW SELLING PATTERNS THEREFORE DOWN MOVE IS EXPECTED IN THE FORM OF CORRECTION IN LAST 7 DAYS GLOBAL MARKETS PULL BACK RALLY.EUROPEAN MARKETS ARE ALSO EXPECTED TO OPEN IN RED AFTER YESTERDAY SELLING PATTERNS.AFTER WEAKER GLOBAL CUES INDIAN MARKETS WILL TRADE FIRST BETWEEN LAST TWO DAYS RANGE AFTER WEAK OPENING.IT WILL BE BETTER TO WAIT FOR BREAK OUT OF MENTIONED TRADING RANGE(2770-2835) BECAUSE WHICH SIDE NIFTY WILL SUSTAIN AFTER BREAK OUT ON THAT SIDE STRONG MOVE IS CONFIRM.IT IS EXPECTED THAT THIS RANGE WILL BE BROKEN DOWNWARD IN THE COMING SESSIONS IN THE COMING SESSIONS AND INDIAN MARKETS WILL CLOSE IN RED TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(19-03-2009)

INDIAN MARKET CLOSED IN GREEN YESTERDAY BUT THERE IS SELLING PATTERN BETWEEN 2815-2835 AND MANY STOCKKS ARE ALSO SHOWING SELLING PATTERNS THEREFORE MENTIONED RANGE HAS BECOME RESISTANCE.IF NIFTY SUSTAINS BELOW 2800 TODAY THEN ONGOING PULL BACK RALLY WILL BE UNDERSTOOD OVER AND FURTHER DOWN MOVES AS WELL AS TESTING OF SUPPORTS WILL BE SEEEN WILL BE SEEN IN COMING SESSIONS.NIFTY WILL HOVER NEAR 2800 AFTER OPENING AND FIRST THREE HOURS TRADING PATTERNS WILL DECIDE NEXT MOVES OF INDIAN MARKETS.

INDIAN MARKETS ARE EXPECTED TO CLOSE IN RED AFTER LITTLE POSITIVE OPENING TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(18-03-2009)

INDIAN MARKETS CLOSED IN RED AFTER GOOD SELLING AT HIGHER LEVELS YEATERDAY.AFTER GOOD RECOVERY IN US MARKETS SENTIMENT IS STRONG THEREFORE INDIAN MARKETS WILL OPEN POSITIVE AND TRADE IN YESTERDAY RANGE(2740-2805) FIRST.AS SENTIMENT IS STRONG TODAY THEREFORE INDIAN MARKETS MAY CLOSE IN GREEN TODAY BUT SELLING AT HIGHER LEVELS IS EXPECTED TODAY AND TODAY SELLING IN BULLISH SENTIMENT WILL PREPARE INDIAN MARKETS FOR DOWN MOVES EITHER TODAY OR IN THE COMING SESSIONS.

AFTER GREEN OPENING INDIAN MARKETS MAY CLOSE IN GREEN TODAY BUT WILL CLOSE AT LOWER LEVELS OF THE DAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(17-03-2009)

LONG TERM AND INTERMEDIATE TERM TRENDS ARE DOWN AND SHORT TERM TREND IS UP. INDIAN MARKETS ARE RANGE BOUND AND MOVING UP ON VARIOUS POSITIVE TRIGGERS.IN THE MONTH OF FEBRUARY MOVED UP AFTER INTERIM BUDGET TRIGGER AND IN THIS MONTHS MOVED UP BULLISH MARKETS TRIGGER.AS AFTER ASIAN MARKETS IN GENERAL GOOD CLOSING EUROPEAN MARKETS OPENED AND TRADING ABOVE 2% THEREFORE INDIAN MARKETS ALSO CLOSED +2% YESTERDAY. AT THIS MOMENT INDIAN MARKETS COMPLETELY IGNORED THE POSSIBILITIES OF WORSENING YEARLY RESULTS IN APRIL AND THIRD FRONT LED UNTION GOVT.BECAUSE GLOBAL MARKETS WERE BLASTING BUT WHEN THIS BULLISHNESS WILL WIPE OUT THEN INDIAN MARKETS WILL RESPOND THESE DISAPPOINTING POSSIBILITIES THROUGH DOWN MOVES.NEXT RESISTANCES ARE AS FOLLOWS AND I AM EXPECTING THAT IN PRESENT PULL BACK RALLY THESE WILL NOT BE CROSSED:-

1- 2840-2860
2- 2900-2970
3- 3120-3152

YESTERDAY NIFTY INTRADAY CHARTS SUGGESTING SHORT COVERING PATTEN BUT AFTER THIS RALLY SUFFICIENT SELLING PATTERNS REQUIRE FOR THE BEGINING OF DOWN MOVE.THIS RALLY IS ON THE BACK OF STRONG GLOBAL RALLY.INDIA MAY BE OUTPERFORMER OR UNDERPERFORMER BUT FOR ANY DOWN MOVE IN INDIAN MARKETS SOME DOWN MOVE SHOULD ALSO BE SEEN IN GLOBAL MARKETS. INDIAN MARKETS WILL BEHAVE ACCORDING TO GLOBAL MARKETS AND ASIAN MARKETS ARE SIDEWAYS AFTER DOW JONES FLAT CLOSING.ASIAN MARKETS ARE PREPARING FOR NEXT MOVE WITH RANGE BOUND TRADING AND ON THE SAME LINES INDIAN MARKET WILL ALSO TRADE IN NARROW RANGE FIRST AFTER FLAT OPENING.ALTHOUGH UPMOVES FROM HERE IS NOT EXPECTED BUT FIRST TWO HOURS RANGE BREAK OUT WILL DECIDE NEXT MOVE OF INDIAN MARKETS.

AFTER FLAT TO POSITIVE OPENING AND FIRST TWO HOURS NARROW RANGE TRADING DOWN MOVES AND RED CLOSING IS EXPECTED TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(16-03-2009) - LALIT

GLOBAL RALLY ON THE BACK OF STRONG US UPMOVES WILL WILL BE RANGE BOUND NEAR FRIDAY CLOSING FOR THE NEXT ONE OR TWO SESSIONS AND AFTER THAT WILL REACT ACCORDING TO THEIR OWN FONDAMENTALS AND TECHNICALS.INDIAN MARKETS WILL ALSO TRADE FIRST NEAR 2720 AND NEXT UP MOVE WILL DEPEND ON SUSTAINIBILITY ABOVE 2710.

LONG TERM AND INTERMEDIATE TERM TRENDS ARE DOWN AND SHORT TERM IS UP ON THE BACK OF STRONG US MARKETS CUES.WATCH 2710 AND IF NOT SUSTAINS ABOVE IT TODAY THEN INDIAN MARKETS WILL STARTS TO MOVE DOWN.

INDIAN MARKETS ARE EXPECTED TO CLOSE IN RED AFTER FLAT OPENING.