PRE-OPEN MARKET OUTLOOK(27-03-2009)

SHORT TERM AND INTERMEDIATE TERM TRENDS ARE UP AND LONG TERM IS DOWN

1- INDIAN MARKETS ARE TRADING AT THE HEIGHTEST LEVEL OF LAST 5 MONTHS RANGE AFTER CROSSING ALL THE RESISTANCES EXCEPT ONLY ONE LAST RESISTANCE AT 3152.

2- IN THIS UP MOVE NIFTY HAS CROSSED 100 DMA WITH FORCE AND SUSTAING ABOVE IT FOR THE LAST 3 DAYS.SINCE JAN 2008 IT IS FIRST TIME THAT NIFTY SUSTAINED ABOVE 100 DMA.CERTAINLY IT IS VERY MUCH POSITIVE SIGNAL FOR INDIAN STOCK MARKETS.

3- 38.2% RETRACEMENT LEVEL IS JUST BELOW 3200 AS WELL AS LAST RESISTANCE IS ALSO NEAR 3200 THEREFORE IN THIS BULLISHNESS IF NIFTY BREAK OUT 5 MONTHS RANGE AND SUSTAIN ABOVE 3200 THEN VERY GOOD UPMOVE WILL GE SEEN IN COMING SESSIONS AND 200 DMA WILL ALSO BE TESTED.INDIAN MARKETS SUSTAINING ABOVE 200 DMA WILL MEAN LONG TERM IS ALSO UP.

4- SHORT TERM INDICATORS ARE TESTING OVERBOUGHT ZONE THEREFORE A VERY SHORT TERM CORRECTION IS DUE NOW EITHER IN THE SHAPE NARROW RANGE MOVEMENTS OR LITTLE DOWN MOVE.

YESTERDAY NIFTY MOVE WAS ABSOLUTELY STRONG MOVE AND MANY INTRADAY CHARTS ARE SHOWING BUYING PATTERNS THREFORE INDIAN MARKETS ARE NOT GOING TO MOVE DOWN EASILY BECAUSE COMPLETE SELLING FORMATION WITH GOOD VOLUMES REQUIRE FOR AND DOWN MOVE.

AFTER STRONG GLOBAL CUES INDIAN MARKETS WILL OPEN GAP UP TODAY.AS SENTIMENT IS EXTREMELY HEATED TODAY THEREFORE SOME PROFIT BOOKING,VOLTALITY AND GREEN CLOSING IS EXPECTED TODAY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(26-03-2009)

INDIAN MARKETS KEPT THE HOPE ALIVE YESTERDAY WITH GOOD RECOVERY.SOME STOCKS ALSO SHOWED BUYING FORMATIONS THEREFORE UPMOVE HOPES ARE ALIVE.MARKET IS DIRECTLESS FOR THE LAST 5 MONTHS DUE TO RANGE BOUND MOVE AND WANT TO DECIDE ITS DIRECTION.INDIAN MARKETS ARE AT THE HIGHER LEVEL OF LAST 5 MONTHS RANGE AFTER 24 TH MARCH SELLING SOME BUYING DEVELOPED YESTERDAY.INDIAN MARKETS TRADED WHOLE DAY WITHIN THE RANGE OF 24 TH MARCH RANGE (2920-3010) AND WILL ALSO OPEN AND FIRST TRADE TODAY WITHIN THIS RANGE TODAY AS WELL AS BREAK OUT OF THIS RANGE WILL DECIDE THE NEXT BIG TREND OF INDIAN MARKETS.AFTER LAST 2 DAYS MIXED FORMATION IN INTRADAY CHARTS NEXT COUPLE OF DAYS INTRADAY CHARTS WILL DECIDE FINAL DIRECTION.AS MAARKET IS NOT TECHNICALLY RIPED FOR ANY SIDE BREAK OUT THEREFORE IT WILL BE BETTER TO WAIT FOR BREAK OUT(2920-3010).

AS MOST OF THE GLOBAL MARKETS ARE LITTLE POSITIVE SENTIMENT IS MODERATE TODAY MORNING AND INDIAN MARKETS WILL OPEN LITTLE POSITIVE AND FIRST TRADE WITHIN THE RANGE OF 2920-3010 AND I AM EXPECTING MOST OF THE WILL REMAIN WITHIN THIS RANGE.I AM EXPECTING FINAL BREAK OUT OF THIS RANGE EITHER IN THE LAST ONE HOUR TODAY OR TOMORROW ACCORDING TO PREPERATIONS TODAY.ONLY TODAY INTRADAY CHARTS WILL DECIDE FINAL BREAK OUT OF THIS RANGE.

AFTER LITTLE POSITIVE OPENING AND TRADING ABOVE 3000 FIRST THREE HOURS INTRADAY CHARTS WILL DECIDE FINAL DIRECTION OF INDIAN MARKETS.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(25-03-2009)

NIFTY DAILY CHART SHOWING 'INVERTED HAMMER' FORMATION YESTERDAY AND INDIAN MARKTS COULD NOT SUSTAIN AT HIGHER LEVELS AS WELL AS MOVED DOWN WITH GOOD VOLUME YESTERDAY THEREFORE IT HAS GIVEN CLEAR SIGNAL THAT BULLS HAVE LOST CONTROL AND LAST 10 DAYS PULL BACK RALLY CORRECTION HAS BEEN STARTED.ALTHOUGH IT HAPPENED DURING TRADING HOURS YESTERDAY BUT I CLEARLY TOLD ABOUT ITS POSSIBILITY IN:-

1- PRE OPEN OUTLOOK:- "AS SENTIMENT IS HEATED TODAY THEREFORE THIS FACT MUST BE KEPT IN MIND THAT PROFIT BOOKING ALWAYS COMES IN HEATED SENTIMENTS "

2- MID-SESSION OUTLOOK AT 12:43 PM:- "ALTHOUGH MARKET IS TRADING WITH GOOD GAINS AT THIS MOMENT BUT GIVING PROFIT BOOKING SIGNALS"

AS CORRECTION HAS BEEN STARTED THEREFORE INDIAN MARKETS WILL RETRACE IN THE COMING SESSIONS MINIMUM 38.2% (2825) OF PULL BACK RALLY.NIFTY CLOSED AT LOWEST LEVEL OF THE DAY YESTERDAY AND GLOBAL MARKETS ARE ARE ALSO SHOWING SOME WEAKNESS THEREFORE SENTIMENT IS DAMPENED AND INDIAN MARKETS WILL OPEN FLAT AND MAY REMAIN VOLATILE.TESTING OF 2835 IS VERY MUCH POSSSIBLE IN COMING SESSIONS AND IF FURTHER SELLING DEVELOPS IN COMING SESSIONS THEN MORE DOWN MOVES WILL BE SEEN AND INDIAN MARKETS WILL REJOIN 5 MONTHS OLD RANGE BOUND MOVEMENTS.

AFTER FLAT OPENING SUSTAINING AT HIGHER LEVELS IS NOT EXPECTED SOME MORE DOWN MOVES ARE CONFIRM IN COMING COUPLE OF SESSIONS.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(24-03-2009)

US MARKETS WERE DOWN ON LAST THRUSDAY AND FRIDAY AND CORRECTED 7 DAYS RALLY.OBAMA ADMINISTRATION PRESENTED PLAN LATE SUNDAY "TO BUY UPTO CLOSE TO $1 TRILLION IN BAD ASSESTS.AS PER TREASURY PLAN IT WILL INITIALLY COMMIT UPTO $100 BILLION TO SUBSIDIZE PRIVATE INVESTOR'S PURCHASE BANK'S SO CALLED TOXIC ASSESTS.ITS AIM IS TO BUY AT LEAST $500 BILLION OF BAD ASSESTS AND POSSIBLY UPTO $1 TRILLION OVER TIME." THIS NEWS SPARKED GLOBAL RALLY ON MONDAY AND ALMOST ALL THE MARKETS CLOSED FROM 1% TO 5% UP.

INDIAN MARKETS SHOWED STRONG RALLY YESTERDAY AND WITH THIS UP MOVE NIFTY HAS ENTERED ITS 2nd LAST RESISTANCE RANGE OF LAST 5 MONTHS RANGE BOUND MOVE.NEXT RESISTANCE RANGES ARE:-

1- 2900-2970(PRE INTERIM-BUDGET RANGE)
2- 3120-3152(LAST RESISTANCE OF 5 MONTHS RANGE)

1- INDIAN MARKETS ARE RANGE BOUND FOR THE LAST 5 MONTHS WITHIN THE RANGE OF 2524-3152.
2- LONG TERM IS DOWN. SHORT TERM AND INTERMEDIATE TERM TRENDS ARE UP.
3- SINCE JANUARY 2008 FALL NIFTY EITHER COULD NOT MOVE ABOVE 100 DMA OR DID NOT SUSTAINED ABOVE IT.
4- IT HAPPENED FIRST TIME SINCE JANUARY 2008 THAT NIFTY MOVED ABOVE 100 DMA WITH FORCE YESTERDAY.
5- FAST AND SLOW STOCHASTIC ARE IN OVER BOUGHT ZONE BUT THESE SHORT TERM INDIDICATORS MOVES VERY FAST FROM ONE OVER BOUGHT TO ANOTHER OVER BOUGHT IN TWO OR THREE DAYS FAST MOVES.
6- IN MACD MACD LANE CROSSED UP AVERAGE LINE IN NEGATIVE ZONE THUS SHOWING STRENGTH.
7- RSI AND ROC ARE MOVING UP IN POSITIVE ZONE THEREFORE THESE TWO ARE ALSO SHOWING INDICATING UPMOVE.

SENTIMENT IS EXTREMELY BULLISH AFTER YESTERDAY GLORIOUS GLOBAL RALLY THEREFORE INDIAN MARKETS WILL OPEN GAP UP TODAY BUT NEXT UP MOVE CONFIRMATION WILL COME WHEN NIFTY WILL SUSTAIN ABOVE 100 DMA AND 5 MONTHS RANGE HEIGHTEST(3152).

AS SENTIMENT IS HEATED TODAY THEREFORE THIS FACT MUST BE KEPT IN MIND THAT PROFIT BOOKING ALWAYS COMES IN HEATED SENTIMENTS THEREFORE MARKET MAY BE VOLATILE AND BUYING SHOULD BE DONE MINIMUM AFTER THE COMPLETION OF INTRADAY CORRECTION.AS YESTERDAY UP MOVE WAS VERY STRONG THEREFORE MARKET REQUIRES COMPLETE SELLING PATTERNS BEFORE THE BEGINING OF ANY DOWN TREND.

AS A THUMB RULE FOR CONFIRMATION OF TREND WATCH SUSTAINING OF NIFTY ABOVE 100% AND 3152. IF NIFTY SUSTAINS ABOVE THEN STRONG UPMOVES WILL BE SEEN AND DOES NOT SUSTAINS ABOVE THEN RANGE BOUND CHARACTER WILL REMAIN CONTINUED.

GREEN OPENING AND GREEN CLOSING IS EXPECTED TODAY.

US MARKETS ARE UP 18.80% IN LAST 10 TRADING DAYS THEREFORE GLOBAL MARKETS SHOWED SHARP UPMOVES.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(23-03-2009)

GLOBAL MARKETS RALLY IS GOING ON AT THIS MOMENT ON THE BACK OF US MARKETS CUES.US MARKETS CLOSED IN RED LAST 2 DAYS BUT US(DOW) FUTURE IS TRADING MORE THAN 9O POINTS UP TODAY MORNING THEREFORE ALMOST ALL THE ASIAN MARKETS ARE TRADING 1% TO 2% UP TODAY.INDIAN MARKETS WILL OPEN GAP UP IN THE LIGHT OF STRONG GLOBAL MARKETS CUES.

NIFTY HAVE BEEN TRADING WITHIN 2770-2835 FOR THE LAST 3 DAYS AND IF SUATAINS ABOVE 2835 THEN FRESH UPMOVES WILL BE SEEN IN INDIAN MARKETS.


(LALIT KUMAR DHINGRA)