PRE-OPEN MARKET OUTLOOK(09-04-2009)

INDIAN MARKETS ARE SINGING BREATHLESS SONGS AND BECOMES SUPER FAST MAIL.IT IS THE CHARACTER OF BULL MARKETS THAT IT DOES NOT GIVE BUYING OPPORTUNITY AND MOVES UP.AFTER 5 MONTHS RANGE IT WAS CONFIRM THAT UPMOVE WILL BE STRONG AND CORRECTIONS WILL BE SMALL.AFTER ONE DAY SELLING INDIAN MARKETS MOVED UP FROM LITTLE ABOVE FIRST RETRACEMENT LEVELS OF 23.6% AND THIS FACT MUST BE KEPT IN MIND THAT IT IS FIRST WAVE OF FRESH UP MOVE.IT CAN NOT BE GUARANTEED AT THIS MOMENT THAT:-

1- IT IS PULL BACK RALLY OR
2- CORRECTION OF 2008 CRASH OR
3- BEGINING OF FRESH UPTREND AFTER COMPLETING 5 WAVES CORRECTION OF BULL RALLY OF SEPT 2001-JAN-2008.

COMING MONTHS WILL TELL THAT IN WHICH PART OUR RALLY IS MOVING BUT IT IS CONFIRM THAT MOVE IS STRONG;-

1- SHORTING POSITIONS ARE RISKY AND THOSE WHO ARE FAST IN UNDERSTANDING MARKET AND TAKE DECISIONS DECISIONS SHOULD ONLY TAKE SHORTING DECISIONS FOR VERY SHORT TERM AND SMALL TARGETS.

2- HOLD INVESTMENTS AND SELL AFTER CONFIRMATION OF TERMINATION OF THIS RALLY.AS I ALWAYS TELL WELL IN ADVANCE ABOUT THE TERMINATION OF BULL RALLY THEREFORE MAY SELL AFTER CONFIRMATION FROM ME.

3- SHORT TERM AND INTRADAY TRADERS SHOULD WAIT FOR INTRADAY CORRECTION OR VERY SHORT TERM CORRECTION FOR BUYING TODAY BECAUSE SENTIMENT IS HEATED TODAY MORNING.

FIRST CONFIRMATION OF BULL MARKET WILL COME WHEN INDIAN MARKETS WILL SUSTAIN ABOVE 200 DMA(TODAY AT 3443) OR WILL CROSS BY FORCE AS IT CROSSED 100 DMA.

INIDAN MARKETS WILL OPEN IN GREEN AND WILL ALSO CLOSE IN GREEN IF PROFIT BOOKING DOES NOT COMES TODAY.



(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(08-04-2009)

I TOLD ON 06-04-2009 THAT:-

"SOME PROFIT BOOKING IN THE FORM OF SHORT TERM CORRECTION IS DUE. SELLING FORMATIONS ARE ALSO REQUIRED IN INTRADAY AND DAILY CHARTS FOR ANY CORRECTION AFTER SUCH STRONG UP MOVES THEREFORE DOWN MOVE CONCLUSIONS SHOULD BE DRAWN AFTER COMPLETE SELLING PATTERNS IN INTRADAY AND DAILY CHARTS"

AFTER WATCHING WHOLE DAY PROFIT BOOKING AND SELLING PATTERNS IN INTRADAY CHARTS ON 06-04-2009 IT WAS CONFIRM THAT ONE DIP WILL BE SEEN IN THE FORM OF SHORT TERM CORRECTION NOW. AS SELLING SIGNALS WERE ALSO SEEN IN ALMOST ALL THE GLOBAL MARKETS THEREFORE IT WAS UNDERSTOOD THAT ALMOST ALL GLOBAL MARKETS WILL MOVE INTO SHORT TERM CORRECTION PHASE NOW AND ON 08-04-2009 ALMOST ALL GLOBAL AND ASIAN MARKETS WILL BE IN RED. IN REACTION INDIAN MARKETS WILL OPEN GAP DOWN ON 08-04-2009. CORRECTION MAY START IN INDIAN MARKETS TODAY AND 19 DAYS OLD IS EXPECTED TO RETRACE NOW.

MARCH RALLY HAS BEEN STRONG AND AFTER ONE DAY SELLING PATTERNS ONLY A DIP AND VERY SMALL CORRECTION CAN BE PREDICTED AND IF FOLOW UP SELLING DEVELOPS THEN CORRECTION WILL BE DEEPER.LENGTH AND DEPTH OF CORRECTION WILL BE DECIDED AFTER THE ANALYSIS TODAY INTRADAY CHARTS.

INDIAN MARKETS WILL CLOSE IN RED AFTER GAP DOWN OPENING TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(06-04-2009)

INDIAN MARKETS COMPLETELY PARTICIPATED GLOBAL RALLY AND CROSSED 5 MONTHS TRADING RANGE LAST FRIDAY.AS NIFTY TRADED WHOLE DAY ABOVE 3152 THEREFORE IT WILL MEAN THAN THAT 5 MONTHS RANGE HAS BEEN BROKEN OUT AND INDIAN MARKETS ARE READY TO CORRECT 2008 CRASH

CONCLUSIONS:-

1- INDIAN MARKETS COMPLETED 5 WAVES.
2- 5 MONTHS TRADING RANGE FORMED STRONG BASE.
3- ALL THE INDICATORS HAVE MOVED INTO POSITIVE ZONE.
4- NIFTY CLOSED ABOVE 38.2% RETRACEMENT LEVEL OF LAST WAVE.
5- 200 DMA AND 50% RETRACEMENT LEVEL LINES ARE KISSING AR 3455.
6- NIFTY CROSSED FIRST TIME 100 DMA SINCE THE BEGINING OF 2008 DOWN MOVE.

AS NIFTY HAS BROKEN OUT AND UPMOVE IS VERY MUCH ON THEREFORE TESTING OF 200 DMA IS EXPECTED.AS SHORT TERM IS OVERBOUGHT THEREFORE SENTIMENT IS HEATED AND SOME PROFIT BOOKING IN THE FORM OF SHORT TERM CORRECTION IS DUE. SELLING FORMATIONS ARE ALSO REQUIRED IN INTRADAY AND DAILY CHARTS FOR ANY CORRECTION AFTER SUCH STRONG UP MOVES THEREFORE DOWN MOVE CONCLUSIONS SHOULD BE DRAWN AFTER COMPLETE SELLING PATTERNS IN INTRADAY AND DAILY CHARTS.

AFTER GREEN OPENING IF PROFIT BOOKING DOES NOT COME THEN GREEN CLOSING IS EXPECTED TODAY.


(LALIT KUMAR DHINGRA)