Thursday, April 23, 2009

PRE-OPEN MARKET OUTLOOK(23-04-2009)

AS I TOLD YESTERDAY THAT INDIAN MARKETS ARE COMPLETELY RANGE BOUND AND SAME CHARACTER SHOWED YESTERDAY NIFTY GOT AGAIN SUPPORT AT 3300.ALTHOUGH GOOD SELLING BETWEEN 3400-3500 BUT IT HAS ALSO BEEN NOTICED THAT NIFTY GOT VERY GOOD SUPPORT AT 3300 AND UNTIL NIFTY DOES NOT BREAK 3300 CONVINCINGLY AND SUSTAINS BELOW IT TILL THEN INDIAN MARKETS WILL BE UNDERSTOOD RANGE BOUND.INTRADAY CHARTS OF COMING SESSIONS WILL TELL FIRST ABOUT THE DIRECTION OF BREAK OUT.AS INDIAN MARKETS ARE COMPLETELY WITHIN TRADING ZONE THEREFORE TRADING TARGETS SHOULD BE KEPT WITHIN THE RANGE OF 3300-3500.ALTHOUGH I WAE EXPECTING DOWNWARD BREAK OUT BUT AS SOON AS I FOUND YESTERDAY THAT INDIAN MARKETS ARE GETTING SUPPORT AT LOWER LEVELS THEN I IMMEDIATELY CHANGED MIND AND STRATEGY AND TRADE ACCORDING TO MARKET.IN THIS MANNER I DID NOT WAITED FOR TARGET OF 3251 AND BOOKED 55 POINTS PROFITS IMMEDIATELY

INDIAN MARKETS WILL OPEN POSITIVE AND TRADE WITHIN 3300-3400 FIRST AND MARKET PREPERATION THROUGH INTRADAY CHARTS WILL BE UNDERSTOOD FIRST AND THEN BREAK OUT DIRECTION WILL BE PREDICTED.TRADING TARGETS SHOULD BE WITHIN 3300-3500 FIRST AND TODAY CLOSING WILL ALSO BE DECIDED ACCORDING TO INTRADAY PATTERNS OF TODAY AND AFTER CONFIRMATION WILL BE POSTED IN MID-SESSION OUTLOOKS.

(LALIT KUMAR DHINGRA)

Wednesday, April 22, 2009

PRE-OPEN MARKET OUTLOOK(22-04-2009)

IT IS THE CHARACTER OF FINANCIAL MARKETS THAT THEY PREPARE FOR A MOVE AND AFTER THAT FINAL STRONG MOVE COMES AFTER BREAK OUT.AS AFTER 5 MONTHS BREAK OUT STRONG RALLY BEGAN IN MARCH 2009.NOW THIS RALLY HAS STOPPED AND MARKET IS RANGE BOUND(3312-3511) FOR THE LAST 5 DAYS.IT IS VERY MUCH CLEAR THAT THERE IS VERY GOOD SELLING AT HIGHER LEVEL OF THIS RANGE AND HIGHER LEVEL OF THIS RANGE IS NOT GOING TO BREAK EASILY AND COMPLETE CONSOLIDATION REQUIRES FOR ITS BREAK OUT.YESTERDAY TRADING RANGE WAS 3330-3410 AND WITHIN THIS RANGE BUYING WAS SEEN BETWEEN 3330-3360 AND SELLING OBSERVED BETWEEN 3380-3410.IT IS CONFIRM THAT NIFTY WILL FIRST TRADE BETWEEN YESTERDAY RANGE(3330-3410) AND PREPARE FOR NEXT MOVE AND BREAK OUT OF YESTERDAY RANGE WILL GIVE FIRST SIGNAL OF NEXT MOVE.UPWARD BREAK OUT IS NOT MUCH EXPECTED BECAUSE THERE IS GOOD SELLING AT HIGHER LEVEL. DOWNWARD BREAK OUT POSSIBILITIES ARE MORE AND IN THE SITUATION OF DOWNWARD BREAK OUT WILL MEAN BEGINING OF CORRECTION.

INDIAN MARKETS WILL OPEN ALMOST FLAT AND WILL TRADE FIRST BETWEEN YESTERDAY RANGE.TODAY INTRADAY PATTERNS WILL CLEAR NEXT MOVE.SELLING,BEGINING OF DOWN MOVE AND RED CLOSING IS EXPECTED WITHIN NEXT COUPLE OF SESSIONS BUT POSITIONS SHOULD BE TAKEN AFTER EITHER AFTER CONFIRMATION FROM TODAY INTRADAY CHARTS OR BREAK OUT OF YESTERDAY RANGE(3330-3410).

(LALIT KUMAR DHINGRA)

Tuesday, April 21, 2009

PRE-OPEN MARKET OUTLOOK(21-04-2009)

I AM REPRODUCING MY THIS VERSION OF YESTERDAY BECAUSE WHEN ALL ROUND QBOVE 3600 LEVELS PREDICTIONS WERE GOING ON THEN I TOLD CONTINUOUSLY THESE LINES FOR GUIDEANCE,JUST REMEMBER THESE LINES BECAUSE THEY WILL SHOW WAYS IN PULL BACK RALLIES:-
1- "AS IT HAS BEEN OBSERVED MANY TIMES THAT BEAR MARKET RALLIES REVERSED BACK AFTER TESTING 200 DMA THEREFORE THIS LAST CONFIRMATION IS MUST FOR ASCERTAING BEGINING OF BULL MARKETS THAT INDIAN MARKETS ARE SUSTAINING ABOVE 200 DMA OR NOT."

2- "SUFFICIENT INTRADAY SELLING AND SELLING PATTERNS ON DAILY CHARTS ARE MUST FOR REVERSAL OR CORRECTION OF MARCH 2009 PULL BACK RALLY."

3- 200 DMA HAS BEEN TESTED AND SUFFICIENT INTRADAY SELLING AND SELLING PATTERNS ON DAILY CHARTS HAS BEEN FORMED THEREFORE INDIAN AMRKETS ARE NOW READY FOR CORRECTION.

I CONFIRMED CORRECTION YESTERDAY AND EXACTLY CORRECTION STARTED FROM YESTERDAY THROUGH RED CLOSING AND WILL REMAIN CONTINUED FROM DEEP RED OPENING TODAY.

ON GOING PULL BACK RALLY IS LED BY US MARKETS AND YESTERDAY NIGHT US MARKETS SLIPPED RAPIDELY THEREFORE ALMOST ALL ASIAN MARKETS ARE TRADING 1% TO 4% DOWN. IT WILL CERTAINLY IMPACT INDIAN MARKETS AND OPENING WILL BE IN DEEP RED.RBI CREDIT POLICY WILL BE DECLARED TODAY AND POSITIVE ANNOUNCEMENTS WILL INCREASE VOLTALITY ONLY.CORRECTION IS VERY MUCH ON AND UNTIL IT WILL NOT COMPLETE UPTREND WILL NOT START.

ALTHOUGH IT IS VERY MUCH EXPECTED THAT TODAY OPENING AND CLOSING WILL BE IN RED BUT RBI MOST POSITIVE ANNOUNCEMENTS MAY PRODUCE UP MOVE AND PAVE THE WAY OF TODAY GREEN CLOSING.TECHNICAL BASED STOCK MARKETS PREDICTIONS AND ASTROLOGY ARE ABSOLUTELY DIFFERENT THINGS BECAUSE MARKETS ALWAYS CHANGES ITS INTRADAY MOVES,OPENING AND CLOSING ACCORDING TO NEWS FLOW ALSO. MARKETS TRADES FINALLY ACCORDING TO ITS OWN TECHNICAL POSITIONS THEREFORE OPENING AND CLOSING MAY CHANGE A LITTLE ACCORING TO NEWS FLOW BUT MARKETS MOVEMENTS WILL BE FINALLY ACCORDING TO ITS OWN DIRECTION,TRENDS POSITIONS.

AFTER RED OPENING RED CLOSING IS ALSO VERY MUCH EXPECTED.


(LALIT KUMAR DHINGRA)

Monday, April 20, 2009

PRE-OPEN MARKET OUTLOOK(20-04-2009)

I AM TELLING FOR THE LAST MANY DAYS THAT "AS IT HAS BEEN OBSERVED MANY TIMES THAT BEAR MARKET RALLIES REVERSED BACK AFTER TESTING 200 DMA THEREFORE THIS LAST CONFIRMATION IS MUST FOR ASCERTAING BEGINING OF BULL MARKETS THAT INDIAN MARKETS ARE SUSTAINING ABOVE 200 DMA OR NOT."

I AM TELLING FOR THE LAST MANY DAYS THAT "SUFFICIENT INTRADAY SELLING AND SELLING PATTERNS ON DAILY CHARTS ARE MUST FOR REVERSAL OR CORRECTION OF MARCH 2009 PULL BACK RALLY."

200 DMA HAS BEEN TESTED AND SUFFICIENT INTRADAY SELLING AND SELLING PATTERNS ON DAILY CHARTS HAS BEEN FORMED THEREFORE INDIAN AMRKETS ARE NOW READY FOR CORRECTION
FROM TECHNICAL ANALYSIS CHART IT IS CLEAR THAT

1- MACD- GAP BETWEEN BOTH LINES HAS INCREASED AND MACD LINE HAS STARTED TO LOOK DOWNWARD THEREFORE WITH THE CONVERGENCE OF BOTH LINES DOWN MOVE WILL BE SEEN.

2- FAST AND SLOW STOCHASTIC- BOTH STARTED TO MOVE DOWN FRON OVERBOUGHT ZONE THEREFORE DOWN MOVE WILL BE SEEN.

3- ROC- SHOWING NEGATIVE DIVERGENCE IN POSITIVE ZONE THEREFORE DOWN MOVE WILL BE SEEN.

4- RSI- STARTED TO MOVE DOWN FROM OVERBOUGHT ZONE THEREFORE DOWN MOVE WILL BE SEEN.

ALL THE INDICATORS SHOWING WEAKNESS AND CORRECTION WILL START FROM TODAY THEREFORE RED OPENING AND RED CLOSING WILL BE SEEN TODAY.


(LALIT KUMAR DHINGRA)

Sunday, April 19, 2009

Ayan 2009

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http://www.cooltamil.net/showthread.php?p=535#post535