US AND INDIAN MARKETS CLOSED POSITIVE YESTERDAY BUT ONE THING IS COMMON IN THE INTRADAY CHARTS OF BOTH MARKETS THAT THEY ARE INDICATING SELLING AT HIGHER LEVELS.MANY INDIAN STOCKS INTRADAY CHARTS ARE ALSO SHOWING SELLING PATTERNS.IT IS CONFIRM THAT CORRECTION OF MARCH PULL BACK RALLY IS VERY MUCH ON AND INDIAN MARKETS WILL TRADE WITHIN 5 MONTHS RANGE FOR SOME MORE TIME.
AS GLOBAL CUES ARE POSITIVE THEREFORE INDIAN MARKETS WILL OPEN IN GREEN AND WILL TRADE FIRST WITHIN YESTERDAY TRADING RANGE(2982-3054).IT IS EXPECTED THAT FRESH DOWN MOVE WILL START EITHER TODAY OR TOMORROW.
(LALIT KUMAR DHINGRA)
Wednesday, April 1, 2009
Tuesday, March 31, 2009
PRE-OPEN MARKET OUTLOOK(31-03-2009)
I PREDICTED YESTERDAY AT 04;00 AM FOR NOT ONLY INDIAN BUT ASIAN AND EUROPEAN MARKETS IN THESE WORDS:-
"INTRADAY CHARTS OF ASIAN AND EUROPEAN MARKETS ARE ALSO SHOWING SELLING FORMATIONS THEREFORE ALMOST ALL THE ASIAN AND EUROPEAN MARKETS ARE ALSO EXPECTED TO OPEN AND CLOSE IN RED TODAY."
AS I TOLD FOR SAME HAPPENED AND ALL THE ASIAN AND EUROPEAN MARKETS CLOSED IN RED YESTERDAY EXCEPT THIS MOST OF THE MARKETS CLOSED FROM 2% TO 5% DOWN.
FOR US MARKETS I TOLD"US INTRADAY CHARTS ARE SHOWING GENUINE SELLING FORMATIONS" AND US MARKETS ALSO CLOSED IN DEEP RED YESTERDAY.
ANALYSTS ON BUSINESS NEWS CHANNELS STARTED TO TELL FOR MUCH HIGHER LEVELS BUT THIS FACT MUST BE KEPT IN MIND THAT FOR A SUSTAINED RALLY POLITICAL CLEARITY IS MUST.IT IS VERY MUCH POSSIBLE THAT AFTER GENERAL ELECTIONS HIGH POLITACAL DRAMA MAY BE SEEN AND A PRIME MINISTER OTHER THAN CONGRESS OR BJP WILL LEAD INSTABILITY AND THAT MAY PROOVE HAZARDOUS FOR INDIAN MARKETS.I AM EXPECTING RANGE BOUND MOVEMENTS TILL DECLARATION AND RALLY IN SITUATION OF CONGRESS OR BJP PRIME MINISTER.ON GOING PULL BACK RALLY WAS ON THE BACK OF US RALLY WHICH IS DOWN AFTER 2 DAYS DEEP RED CLOSING
AS US MARKETS CLOSED IN DEEP RED YESTERDAY THEREFORE SENTIMENT IS DAMPENED AND OPENING WILL BE WEAK TODAY AND MORE WEAKNESS WILL BE SEEN IN THE COMING SESSIONS.AS IT IS THE LAST DAY OF FINANCIAL YEAR THEREFORE MUTUAL FUND RALLY LED IS POSSIBLE TODAY FOR SHOWING GOOD NAV.
AFTER RED OPENING THERE IS A CHANCE OF GREEN TODAY BUT MORE DOWN MOVES WILL BE SEEN IN THE CONING SESSIONS.
NOW AFTER OPENING OF ASIAN MARKETS ARE TRADING WITH GOOD GAINS BECAUSE IT IS THE LAST DAY OF FINANCIAL YEAR THEREFORE MUTUAL FUND RALLY LED IS POSSIBLE TODAY FOR SHOWING GOOD NAV AND ABOUT THIS POSSIBILITY I TOLD IN THE MORNING IN MY FIRST OUTLOOK.
INDIAN MARKETS WILL ALSO OPEN IN POSITIVE ZONE AND CLOSE IN GREEN TODAY BUT WILL NOT BE ABLE TO RECOVER WHOLE OF THE YESTERDAY LOSS.
(LALIT KUMAR DHINGRA)
"INTRADAY CHARTS OF ASIAN AND EUROPEAN MARKETS ARE ALSO SHOWING SELLING FORMATIONS THEREFORE ALMOST ALL THE ASIAN AND EUROPEAN MARKETS ARE ALSO EXPECTED TO OPEN AND CLOSE IN RED TODAY."
AS I TOLD FOR SAME HAPPENED AND ALL THE ASIAN AND EUROPEAN MARKETS CLOSED IN RED YESTERDAY EXCEPT THIS MOST OF THE MARKETS CLOSED FROM 2% TO 5% DOWN.
FOR US MARKETS I TOLD"US INTRADAY CHARTS ARE SHOWING GENUINE SELLING FORMATIONS" AND US MARKETS ALSO CLOSED IN DEEP RED YESTERDAY.
ANALYSTS ON BUSINESS NEWS CHANNELS STARTED TO TELL FOR MUCH HIGHER LEVELS BUT THIS FACT MUST BE KEPT IN MIND THAT FOR A SUSTAINED RALLY POLITICAL CLEARITY IS MUST.IT IS VERY MUCH POSSIBLE THAT AFTER GENERAL ELECTIONS HIGH POLITACAL DRAMA MAY BE SEEN AND A PRIME MINISTER OTHER THAN CONGRESS OR BJP WILL LEAD INSTABILITY AND THAT MAY PROOVE HAZARDOUS FOR INDIAN MARKETS.I AM EXPECTING RANGE BOUND MOVEMENTS TILL DECLARATION AND RALLY IN SITUATION OF CONGRESS OR BJP PRIME MINISTER.ON GOING PULL BACK RALLY WAS ON THE BACK OF US RALLY WHICH IS DOWN AFTER 2 DAYS DEEP RED CLOSING
AS US MARKETS CLOSED IN DEEP RED YESTERDAY THEREFORE SENTIMENT IS DAMPENED AND OPENING WILL BE WEAK TODAY AND MORE WEAKNESS WILL BE SEEN IN THE COMING SESSIONS.AS IT IS THE LAST DAY OF FINANCIAL YEAR THEREFORE MUTUAL FUND RALLY LED IS POSSIBLE TODAY FOR SHOWING GOOD NAV.
AFTER RED OPENING THERE IS A CHANCE OF GREEN TODAY BUT MORE DOWN MOVES WILL BE SEEN IN THE CONING SESSIONS.
NOW AFTER OPENING OF ASIAN MARKETS ARE TRADING WITH GOOD GAINS BECAUSE IT IS THE LAST DAY OF FINANCIAL YEAR THEREFORE MUTUAL FUND RALLY LED IS POSSIBLE TODAY FOR SHOWING GOOD NAV AND ABOUT THIS POSSIBILITY I TOLD IN THE MORNING IN MY FIRST OUTLOOK.
INDIAN MARKETS WILL ALSO OPEN IN POSITIVE ZONE AND CLOSE IN GREEN TODAY BUT WILL NOT BE ABLE TO RECOVER WHOLE OF THE YESTERDAY LOSS.
(LALIT KUMAR DHINGRA)
Monday, March 30, 2009
PRE-OPEN MARKET OUTLOOK(30-03-2009)
INDIAN MARKETS ARE RANGE BOUND FOR THE LAST 5 MONTHS AND AT PRESENT AT THE HIGHER LEVEL OF 5 MONTHS RANGE.SENTIMENT IS BULLISH,UP MOVE EXPECTATIONS HAVE BEEN MOUNTED UP AND ECONOMIC INDICATORS ARE SHOWING RECOVERY.ALL THINGS ARE POSITIVE BUT UPMOVE CONFIRMATION WILL COME WHEN NIFTY WILL SUSTAIN ABOVE 3140.
NIFTY IS RESTING AT THE TOP OF DECENDING CHANNEL BUT SHORT TERM INDICATORS HAVE REACHED IN OVERBOUGHT ZONE AND NIFTY HAS TOUCHED UPPER LEVEL OF BOLLINGER BAND THEREFORE CORRECTION EITHER IN SHAPE OF NARROW RANGE MOVE OR DOWN MOVE IS DUE NOW.
NIFTY CLOSED AT HIGHER LEVEL OF THE DAY ON 27TH MARCH BUT INTRADAY PATTERNS OF NIFTY AND MANY INDEX CONSTITUANT'S CHARTS ARE ALSO SHOWING SELLING PATTERNS THEREFORE SOME MORE PROFIT BOOKING,FRESH SELLING AND CORRECTION OF PULL BACK RALLY IS POSSIBLE WHICH WILL BE SEEN IN THE COMING SESSIONS.
THIS GLOBAL RALLY WAS US MARKETS WICH CLOSED IN RED ON FRIDAY AND US INTRADAY CHARTS ARE SHOWING GENUINE SELLING FORMATIONS.FRIDAY INTRADAY CHARTS OF ASIAN AND EUROPEAN MARKETS ARE ALSO SHOWING SELLING FORMATIONS THEREFORE ALMOST ALL THE ASIAN AND EUROPEAN MARKETS ARE ALSO EXPECTED TO OPEN AND CLOSE IN RED TODAY.
INDIAN MARKETS ARE ALSO EXPECTED TO OPEN AND CLOSE IN RED TODAY.
(LALIT KUMAR DHINGRA)
NIFTY IS RESTING AT THE TOP OF DECENDING CHANNEL BUT SHORT TERM INDICATORS HAVE REACHED IN OVERBOUGHT ZONE AND NIFTY HAS TOUCHED UPPER LEVEL OF BOLLINGER BAND THEREFORE CORRECTION EITHER IN SHAPE OF NARROW RANGE MOVE OR DOWN MOVE IS DUE NOW.
NIFTY CLOSED AT HIGHER LEVEL OF THE DAY ON 27TH MARCH BUT INTRADAY PATTERNS OF NIFTY AND MANY INDEX CONSTITUANT'S CHARTS ARE ALSO SHOWING SELLING PATTERNS THEREFORE SOME MORE PROFIT BOOKING,FRESH SELLING AND CORRECTION OF PULL BACK RALLY IS POSSIBLE WHICH WILL BE SEEN IN THE COMING SESSIONS.
THIS GLOBAL RALLY WAS US MARKETS WICH CLOSED IN RED ON FRIDAY AND US INTRADAY CHARTS ARE SHOWING GENUINE SELLING FORMATIONS.FRIDAY INTRADAY CHARTS OF ASIAN AND EUROPEAN MARKETS ARE ALSO SHOWING SELLING FORMATIONS THEREFORE ALMOST ALL THE ASIAN AND EUROPEAN MARKETS ARE ALSO EXPECTED TO OPEN AND CLOSE IN RED TODAY.
INDIAN MARKETS ARE ALSO EXPECTED TO OPEN AND CLOSE IN RED TODAY.
(LALIT KUMAR DHINGRA)
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