PRE-OPEN MARKET OUTLOOK(15-05-2009)

AFTER SMART RECOVERY ON 12-05-2009 GOOD SELLING WAS SEEN ON 13-05-2009 THEREFORE I TOLD IN MY POST MARKET OUTLOOK ON 13-05-2009 THAT:- "ALTHOUGH NIFTY WILL MOVE BELOW 3600 ONCE BUT THAT WILL NOT MEAN THAT DOWN MOVE HAS STARTED."

ALTHOUGH NIFTY TRADED MOST OF THE TIME BELOW 3600 ON 14-05-2009 AND ALSO CLOSED BRLOW 3600 AT 3,593.45 AND EXCEPT THIS INDIAN MARKETS CLOSED IN RED YESTERDAY BUT I AM STILL HAVING SAME VIEW ABOUT WHICH I TOLD ON 13-05-2009 THAT ALL THESE NEGATIVE DEVELOPMENTS DOES NOT MEAN THAT DOWN MOVE HAS STARTED.I WAS EXPECTING CONSOLIDATION AFTER 13-05-2009 FALL AND THAT WAS SEEN ON 14-05-2009 DURING WHOLE DAY RED TRADING MOVEMENTS IN THE RANGE OF 3565-3620.

AS CONDOLIDATION SEEN YESTERDAY THEREFORE UPMOVE IS EXPECTED.INDIAN MARKETS WILL OPEN LITTLE POSITIVE AND SUSTAING ABOVE YESTERDAY RANGE OF 3565-3620 WILL GIVE UP MOVE CONFIRMATION.INDIAN MARKETS ARE EXPECTED TO MAINTAIN UP MOVES AND WILL CLOSE IN GREEN AFTER POSITIVE OPRNING.



(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(14-05-2009)

INDIAN MARKETS WERE HEATED YESTERDAY AND I WAS EXPECTING SOME CORRECTION THEREFORE I CLEAR TOLD YESTERDAY THAT:-

1- "AS SENTIMENT IS HEATED AFTER SMART RECOVERY YESTERDAY THEREFORE SOME INTRADAY CORRECTION AND VOLTALITY WILL BE SEEN TODAY "

2- "ALTHOUGH NIFTY WILL TAKE SOME TIME TO CROSS 3715 BUT NOW 3715 WILL CLEAR AND ON GOING RALLY WILL REMAIN CONTINUED."

YESTERDAY INTRADAY CHARTS ARE SHOWING GENUING SELLING AT HIGHER LEVELS THEREFORE IT IS CONFIRM THAT FOR CROSSING 3715 INDIAN MARKETS REQUIRE COMPLETE CONSOLIDATION.ON GOING MARCH 2009 RALLY IS GLOBAL MARKETS RALLY LED BY US AND I CLEARLY TOLD FOR US AND EUROPEAN MARKETS ON 12-05 2009 THAT:-

"IN EUROPEAN AND US MARKETS.US AND EUROPEAN MARKETS INTRADAY CHARTS ARE ALSO SHOWING GENUING SELLING THEREFORE MORE DOWN MOVES ARE EXPECTED IN BOTH MARKETS"

I TOLD ON 12-05 2009 AND ALMOST ALL THE US AND EUROPEAN MARKETS CLOSED MORE THAN 2% DOWN ON 13-05 2009 AND EXCEPT THIS US MARKETS BROKEN DOWN 7 DAYS RANGE WHICH IS BEARISH SIGN FOR US MARKETS AS WELL AS FOR GLOBAL MARKETS BECAUSE MARCH 2009 GLOBAL RALLY IS LED BY US.

IN INDIAN MARKETS ALL TRENDS ARE UP AND SUSTAINING ABOVE 200 DMA FOR THE LAST 12 SESSIONS.THEREFORE STRONG BUT AFTER GENUINE SELLING YESTERDAY MORE WEAKNESS IS CONFIRM.EXCEPT THIS INDIAN MARKETS HAVE TO REACT TODAY DEEP RED GLOBAL MARKETS AND POST ELECTION RESULTS STABLE GOVT. POSSIBILITIES ALSO THEREFORE COMING 2 SESSIONS WILL BE HIGHLY VOLATILE. I AM EXPECTING STABLE GOVT AFTER SOME POLITICAL TUSSLE NEXT WEEK AND IF CONSOLIDATION STARTS TODAY THEN NIFTY WILL CROSS 3715 NEXT WEEK AND INDIAN MARKETS WILL IGNORE WEAK GLOBAL MARKETS CUES.

INDIAN MARKETS WILL OPEN IN RED TODAY AND IF NIFTY SUSTAINS ABOVE 3550 THEN UP MOVE HOPES WILL REMAIN ALIVE.THEREFORE WATCH 3550.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(13-05-2009)

IT IS THE CHARACTER OF STOCK MARKETS THAT SHORT TERM TRENDS CHANGES VERY FAST AND A TRADER SHOULD BE FAST TO CATCH THE SHORT TERM TREND OF MARKET AND TRADE ACCORDING TO THAT.MARKETS DISCOUNT ALL THE POLITICALS DEVELOPMENTS AND ECONOMIC EVENTS.I CLEARLY TOLD ABOUT THE CHANGING STAND OF INDIAN POLITICAL PATRIES.THERE HAVE BEEN THIRD FRONT POWER GAINING FEAR BUT NOW WHEN THIS POSSIBILITY HAS ARISEN THAT COMMUNISTS MAY SOFTEN THEIR STAND BECAUSE IT WILL BE PROFITABLE FOR THEM.IT HAS BEEN ALMOST CONFIRM THAT EITHER SOONER OR LATER NDA OR UPA LED FRONT WILL COME INTO POWER AFTER ELECTIONS.AS THERE HAVE BEEN SELLING NEAR 3700 AND POLITICAL UNCERTAINITY FEAR THEREFORE 3352 WAS EXPECTED AND MARKETS MOVED DOWN IMMEDIATELY BUT AS SOON AS UNCERTAINITY FEAR WIPED OUT MARKET RALLIED YESTERDAY.I CLEARLY TOLD ABOUT THIS YESTERDAY AND ALSO TOLD YESTERDAY THAT:-

"VERY CLEARLY I AM SAYING THAT IF NIFTY SUSTAINS ABOVE 3575 THEN AGAIN UPMOVE AND GREEN CLOSING WILL BE SEEN TODAY"

NOW LAST RESISTANCE IS NEAR 3700.ALL TRENDS ARE UP AND POLITICAL UNCERTAINITY HAS ALMOST REMOVED.ALTHOUGH ON ECONOMIC FRONT NEGATIVE PERFORMANCE IS SEEN BUT ON MANY FRONTS IMPROVEMENT IS CLEARLY VISIBLE THEREFORE TECHNICALLY AND FUNDAMENTALLY MARKETS ARE READY FOR UP MOVE.

AS SENTIMENT IS HEATED AFTER SMART RECOVERY YESTERDAY THEREFORE SOME INTRADAY CORRECTION AND VOLTALITY WILL BE SEEN TODAY AFTER FLAT OPENING.BUYING SHOULD BE DONE AFTER SOME INTRADAY CORRECTION.INDIAN MARKETS WILL OPEN ALMOST FLAT AFTER FLAT GLOBAL CUES AND WILL TRADE NEAR 3700. ALTHOUGH NIFTY WILL TAKE SOME TIME TO CROSS 3715 BUT NOW 3715 WILL CLEAR AND ON GOING RALLY WILL REMAIN CONTINUED.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(12-05-2009)

AS I AM TELLING FOR DOWN MOVES FOR THE LAST 2 DAYS AND RED CLOSINGS ARE ALSO SEEN BUT NOW WE ARE 5 DAYS AWAY FROM ELECTIONS RESULTS. TOMORROW IS LAST DAY OF POOLING AND POLITICAL PARTIES HAVE STARTED TO TAKE REALISTIC STAND. LALOO,PASWAN AND BUDDHDEV BHATTACHARYA SHIFTED THEIR STAND YESTERDAY AND CONGRESS LED UPA GOVE. HOPES HAVE INCREASED AFTER ELECTIONS.MARKET WILL LIKE UPA OR NDA LED STRONG GOVT. AFTER ELECTION AND IN THAT SITUATION RALLY WILL REMAIN CONTINUED.AS INDIAN POLITICIANS CHANGE THEIR POSITIONS REGULARLY THEREFORE INDIAN MARKETS WILL REACT SIGNIFICANT POLITICAL CHANGES AND REMAIN VOLATILE.

AFTER GOOD SELLING AT HIGHER LEVELS INDIAN MARKETS BROKEN DORM AND TRADED LAST 3 HOURS BETWEEN 3535-3575.ALTHOUGH ASIAN MARKER ARE IN RED AFTER FALL IN EUROPEAN AND US MARKETS.US AND EUROPEAN MARKETS INTRADAY CHARTS ARE ALSO SHOWING GENUING SELLING THEREFORE MORE DOWN MOVES ARE EXPECTED IN BOTH MARKETS BUT INDIAN MARKETS WILL REACT SHIFTING STANDS OF INDIAN POLITICAL PARTIES AND INCREASING POSSIBILITIES OF UPA OR NDA LED GOVERNMENTS AFTER ELECTIONS AND OPEN FLAT AS WELL AS FIRST TRADE WITHIN LAST THREE HOURS RANGE OF YESTERDAY(3535-3575).TODAY MOVE AND NEXT MOVE OF INDIAN MARKETS WILL DEPEND BREAK OUT OF THIS RANGE.

VERY CLEARLY I AM SAYING THAT IF NIFTY SUSTAINS ABOVE 3575 THEN AGAIN UPMOE AND GREEN CLOSING WILL BE SEEN TODAY AND IF NIFTY SUSTAINS BELOW 3535 THEN RED CLOSING TODAY AND FURTHER DORN MOVE WILL BE SEEN.

ONLY WATCH 3535-3575 FOR NEXT TREND CONFIRMATION.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(11-05-2009)

WHATSOEVER HAPPENS IN FINANCIAL MARKETS ALL THAT CAN BE PREDICTED THROUGH THE ANALYSIS OF YEARLY,WEEKLY,DAILY AND INTRADAY CHARTS.FROM THE ANALYSIS I CLEARLY TOLD ON 08-05-2009 THAT:-

1- INTRADAY CHARTS OF LAST 4 SESSIONS ARE CLEARLY AND CONFIRMLY TELLING THAT LAST 4 DAYS RANGE(3600-3717) WILL BREAK DOWN.

2- ECONOMIC,POLITICAL,NATIONAL OR INTERNATIONAL GOOD NEWS WILL NOT BE ABLE TO STOP INDIAN MARKETS FROM BREAKING DOWN AND TESTING 3352

3- VOLTALITY MAY INCREASE OR NIFTY MAY MOVE ABOVE 3700 BUT WILL NOT BE ABLE TO SUSTAIN ABOVE 3700 AND WILL MOVE DOWN FINALLY TO TEST 3352.

4- INDIAN MARKETS WILL CLOSE IN RED AFTER FLAT TO RED OPENING TODAY.

ALTHOUGH I WAS VERY WELL AWARE OF STRONG FII BUYING DURING PREVIOUS DAYS BUT I CLEARLY TOLD THAT INTRADAY CHARTS OF LAST 4 SESSIONS ARE CLEARLY AND CONFIRMLY TELLING THAT LAST 4 DAYS RANGE(3600-3717) WILL BREAK DOWN AND SAME HAPPENED ON VERY SAME DAY NIFTY MOVED BELOW 3600.I ALSO TOLD FOR 3352 BUT I SHALL GIVE ONE CAVIET FOR 3352 TODAY THAT FOR 3352 FOLLOW UP SELLING IS MUST TODAY BECAUSE BUYING PATTERNS WERE ALSO SEEN DURING LAST ONE HOUR ON 08-05-2009.

INDIAN MARKETS WILL OPEN ALOMOST FLAT AND WILL PREPARE FOR NEXT MOVE WITHIN LAST 5 DAYS RANGE(3585-3717) AND IT IS CONFIRM THAT BREAK OUT OF THIS RANGE WILL GIVE MORE THAN 300 NIFTY POINTS MOVE.ALTHOUGH DOWN SIDE BREAK OUT POSSIBILITIES ARE MORE BUT INDIAN MARKETS WILL HAVE TO PREPARE FOR NEXT MOVE WITHIN 5 DAYS RANGE BECAUSE BUYING PATTERNS WERE ALSO SEEN DURING LAST ONE HOUR ON 08-05-2009.FOR SAFETY CONFIRMATION FROM FIRST 3 HOURS INTRADAY CHARTS ANALYSIS IS MUST AND POSTING WILL BE DONE ACCORDING TO FINAL CONCLUSIONS.


(LALIT KUMAR DHINGRA)