I CLEARLY TOLD YASTERDAY THAT "INTRADAY MOVES WILL GIVE INDICATION OF FORM OF CORRECTION(SHORT TERM OR INTERMEDIATE TERM)."
AS I TOLD SAME HAPPENED AND CORRECTION STARTED FROM YESTERDAY WITH INDIAN MARKETS RED CLOSING. BEGINING OF CORRECTION AND ONLY THIS HAS TO BE DECIDED THAT ONGOING CORRECTION WILL BE SHORT TERM OR INTERMEDIATE TERM. AFTER WATCHING GOOD SELLING PATTERNS YESTERDAY INTERMEDIATE TERM CORRECTION POSSIBILITIES HAVE INCREASED AND IN THAT SITUATION CORRECTION WILL BE DEEPER BUT TRADING GAP OF 18-05-2009 WILL BE FIRST SUPPORT AND RANGE OF 3297-3717 WILL BE STRONG SUPPORT. 4350-4620 IS STRONG RESISTANE. AS PER MY VIEW NIFTY WILL TAKE SUFFICIENT TIME TO CROSS 4620 BECAUSE INDIAN MARKETS WILL FIRST COMPLETE JUST BEGUN CORRECTION,AFTER THAT CONSOLIDATION WILL START AND THEN STRONG RESISTANCE OF 4350-4620 WILL BE CROSSED.AS PER MY VIEW INDIAN MARKETS WILL MOVE MANY SESSIONS WITHIN THE TRADING GAP OF 18-05-2009(3686-4200).ALTHOUGH THIS GAP SHOULD GIVE SUPPORT TO INDIAN MARKETS BUT TRADING WILL BE SEEN WITHIN THIS GAP MANY SESSIONS.
ALTHOUGH INDIAN MARKETS WILL OPEN AND CLOSE IN RED TODAY BUT I UNDERSTOOD IT YESTERDAY THEREFORE I GAVE NIFTY FUT. SELLING CALL YESTERDAY AS WELL AS I SOLD INVESTMENT STOCKS IN WHITCH "R POWER GAVE PROFIT OF MORE THAN 10% IN ONLY ONE DAY". PROOFS ARE AVAILABLE IN "FUTURE AND OPTION CALLS" THREAD AND "INVESTMENTS AND PORTFOLIOS MANAGEMENT" THREAD.
(LALIT KUMAR DHINGRA)
Thursday, May 21, 2009
Wednesday, May 20, 2009
PRE-OPEN MARKET OUTLOOK(20-05-2009)
INDIAN MARKETS CLOSED FLAT YESTERDAY AND DAILY CHART IS SHOWING DOJI FORMATION WITH GOOD VOLUMES.INDIAN MARKET BOTTOMED OUT ON 27-10-2009 AND MADE THE HIGHEST OF 4509 YESTERDAY.NIFTY GAINED 2256 POINTS IN THIS JOURNEY AND AFTER CROSSING 5 MONTHS RANGE ONLY SHORT TERM CORRECTIONS WERE SEEN.IT IS THE STRENGTH OF THIS RALLY THAT ACHUAL RALLY STARTED ON 09-03-2009 AND SINCE THEN 5 GAPS SEEN IN CURRECT RALLY. IT IS ALSO REMARKABLE THAT NO GAP WAS FILLED AND 4 SHORT TERM CORRECTIONS WERE ONLY RANGE BOUND.ALL THESE ARE SHOWING THAT CURRENT RALLY IS HAVING GOOD STRENGTH.NOW INDIAN MARKETS ARE FACING STRONG RESISTANCE WHICH IS BETWEEN 4350-4620.ALTHOUGH INDIAN MARKETS DID NOT SUSTAINED AT HIGHER LEVELS AND CLOSED A LITTLE ABOVE THE LOWEST OF DAY'S TRADING RANGE.IT IS CONFIRM THAT INDIAN MARKETS REQUIRE GOOD CONSOLIDATION TO CROSS THE STRONG RESISTANCE RANGE(4350-4620) AND THIS RESISTANCE WILL NOT BE CLEARED EASILY.COMING SESSIONS WILL DECIDE;-
1- MARKETS ARE CONSOLIDATING OR,
2- PREPARING FOR SHORT TERM CORRECTION OR,
3- AS INTERMEDIATE TERM CORRECTION IS ALSO DUE THEREFORE PREPARING FOR IT.
IN THE SITUATION OF CONSOLIDATION MARKETS WILL TRADE ALMOST WITHIN YESTERDAY RANGE AND WILL NOT MOVE DOWN TOO MUCH FROM YESTERDAY RANGE.FOR SHORT AND INTERMEDIATE TERM CORRECTION FOLLOW UP SELLING IS MUST. IF FOLLOW UP SELLINg COMES TODAY THEN SHORT TERM CORRECTION WILL CONFIRM AND INTERMEDIATE TERM CORRECTION POSSIBILITIES WILL INCREASE. INTERMEDIATE TERM WILL MEAN TERMINATION OF 1ST WAVE AND BEGINING OF 2ND WAVE.IN THAT SITUATION INDIAN MARKETS WILL CORRECT WHOLE OF THE 1ST WAVE MOVE.ALTHOUGH SHARP RISE SEEN IN SHORT TERM BUT INDIAN MARKETS ARE NOT PREPARED AT THIS MOMENT FOR INTERMEDIATE TERM CORRECTION AND SOME MORE SELLING REQUIRED ON INTRADAY BASIS AND MORE SELLING PATTERNS REQUIRED ON EOD CHARTS.AS PER MY VIEW COMING COUPLE OF SESSIONS WILL CONFIRM FORM OF CORRECTION.
EUROPEAN MARKETS CLOSED IN GEEN AND US MARKETS CLOSED FLAT YESTERDAY BUT INTRADAY CHARTS OF BOTH MARKETS ARE SHOWING GENUINE SELLING THEREFORE MORE DOWN MOVES WILL BE SEEN IN US AND EUROPEAN MARKETS AND THAT WILL IMPACT SENTIMENT OF GLOBAL MARKETS AND SOME DOWN MOVES WILL BE SEEN IN GLOBAL MARKETS. AFTER YESTERDAY SELLING SOME MORE DOWN MOVES MAY BE SEEN IN INDIAN MARKETS BECAUSE GLOBAL CUES WILL ALSO LAY ITS IMPACT ON INDIAN MARKETS.
INDIAN MARKETS WILL OPEN WEAK TODAY AND TODAY INTRADAY MOVES WILL GIVE INDICATION OF FORM OF CORRECTION(SHORT TERM OR INTERMEDIATE TERM).
(LALIT KUMAR DHINGRA)
1- MARKETS ARE CONSOLIDATING OR,
2- PREPARING FOR SHORT TERM CORRECTION OR,
3- AS INTERMEDIATE TERM CORRECTION IS ALSO DUE THEREFORE PREPARING FOR IT.
IN THE SITUATION OF CONSOLIDATION MARKETS WILL TRADE ALMOST WITHIN YESTERDAY RANGE AND WILL NOT MOVE DOWN TOO MUCH FROM YESTERDAY RANGE.FOR SHORT AND INTERMEDIATE TERM CORRECTION FOLLOW UP SELLING IS MUST. IF FOLLOW UP SELLINg COMES TODAY THEN SHORT TERM CORRECTION WILL CONFIRM AND INTERMEDIATE TERM CORRECTION POSSIBILITIES WILL INCREASE. INTERMEDIATE TERM WILL MEAN TERMINATION OF 1ST WAVE AND BEGINING OF 2ND WAVE.IN THAT SITUATION INDIAN MARKETS WILL CORRECT WHOLE OF THE 1ST WAVE MOVE.ALTHOUGH SHARP RISE SEEN IN SHORT TERM BUT INDIAN MARKETS ARE NOT PREPARED AT THIS MOMENT FOR INTERMEDIATE TERM CORRECTION AND SOME MORE SELLING REQUIRED ON INTRADAY BASIS AND MORE SELLING PATTERNS REQUIRED ON EOD CHARTS.AS PER MY VIEW COMING COUPLE OF SESSIONS WILL CONFIRM FORM OF CORRECTION.
EUROPEAN MARKETS CLOSED IN GEEN AND US MARKETS CLOSED FLAT YESTERDAY BUT INTRADAY CHARTS OF BOTH MARKETS ARE SHOWING GENUINE SELLING THEREFORE MORE DOWN MOVES WILL BE SEEN IN US AND EUROPEAN MARKETS AND THAT WILL IMPACT SENTIMENT OF GLOBAL MARKETS AND SOME DOWN MOVES WILL BE SEEN IN GLOBAL MARKETS. AFTER YESTERDAY SELLING SOME MORE DOWN MOVES MAY BE SEEN IN INDIAN MARKETS BECAUSE GLOBAL CUES WILL ALSO LAY ITS IMPACT ON INDIAN MARKETS.
INDIAN MARKETS WILL OPEN WEAK TODAY AND TODAY INTRADAY MOVES WILL GIVE INDICATION OF FORM OF CORRECTION(SHORT TERM OR INTERMEDIATE TERM).
(LALIT KUMAR DHINGRA)
Tuesday, May 19, 2009
PRE-OPEN MARKET OUTLOOK(19-05-2009)
BULLS HAVE COME WITH FULL STRENGTH AND INDIAN MARKETS ARE ZOOMING UP AND EYEING ON 2011 AND 2012.I MEAN TO SAY THAT INDIAN MARKETS ARE PREPARING FOR THE TARGETS OF 2011 AND 2012.I TOLD YESTERDAY AND AGAIN REPEATING TODAY THAT MARCH 2009 RALLY IS 1ST IMPULSIVE WAVE AND INDIAN MARKETS WILL NOT ONLY TEST BUT CROSS ALSO ALL TIME HIGH IN 2ND IMPULSIVE WAVE(3RD WAVE) AND 3ND IMPULSIVE WAVE(5TH WAVE).THIS WAVE IS REALISTIC AND LAYING FOUNDATION OF BULLISH INDIAN STOCK MARKETS.
RALLY IS LEAPING HIGH AFTER ELECTION RESULTS AND FOR SHORT TERM TRADING LET MARKET STOP AT ONE POINT AND TRADE SOME TIME THEN LEVELS WILL DECIDE AND TRADING SHOULD BE DONE AFTER GETTING CONFIRMATION THAT AT THESE HIGHER LEVELS BUYING IS DEVELOPING OR SELLING IS COMING. WAIT,WATCH AND THEN TRADE. SELLING SHOULD NOT DONE ONLY AFTER SEEING HIGHER LEVELS BECAUSE MARKETS MAY GO HIGH FROM THESE LEVELS ALSO. TRADING SHOULD BE DONE MOST CAREFULLY BECAUSE MARKETS MAY BE HIGHLE VOLATILE AND NIFTY MAY MOVE ANY SIDE MORE THAN 100 POINTS WITHIN VERY SHORT TIME.
TRADE CAREFULLY. INDIAN MARKETS WILL OPEN GAP UP. I NEVER DO GUESS WORK AND LIKE TO SAY ON A BASE AND AFTER GETTING CONFIRMATION THEREFORE NEXT VIEW WILL BE DECIDED AFTER WATCHING 3 HOURS MARKET AND POSTING WILL BE DONE ACCORDING TO CONFIRMATION.
(LALIT KUMAR DHINGRA)
RALLY IS LEAPING HIGH AFTER ELECTION RESULTS AND FOR SHORT TERM TRADING LET MARKET STOP AT ONE POINT AND TRADE SOME TIME THEN LEVELS WILL DECIDE AND TRADING SHOULD BE DONE AFTER GETTING CONFIRMATION THAT AT THESE HIGHER LEVELS BUYING IS DEVELOPING OR SELLING IS COMING. WAIT,WATCH AND THEN TRADE. SELLING SHOULD NOT DONE ONLY AFTER SEEING HIGHER LEVELS BECAUSE MARKETS MAY GO HIGH FROM THESE LEVELS ALSO. TRADING SHOULD BE DONE MOST CAREFULLY BECAUSE MARKETS MAY BE HIGHLE VOLATILE AND NIFTY MAY MOVE ANY SIDE MORE THAN 100 POINTS WITHIN VERY SHORT TIME.
TRADE CAREFULLY. INDIAN MARKETS WILL OPEN GAP UP. I NEVER DO GUESS WORK AND LIKE TO SAY ON A BASE AND AFTER GETTING CONFIRMATION THEREFORE NEXT VIEW WILL BE DECIDED AFTER WATCHING 3 HOURS MARKET AND POSTING WILL BE DONE ACCORDING TO CONFIRMATION.
(LALIT KUMAR DHINGRA)
Monday, May 18, 2009
PRE-OPEN MARKET OUTLOOK(18-04-2009)
PRE-OPEN MARKET OUTLOOK(18-04-2009)-(PART-1)
NIFTY WILL CROSS 3715 TODAY BUT I TOLD ON 14-05-2009 FOR NIFTY CROSSING 3715 THIS WEEK.AS SOON AS I GOT FIRST INDICATION ON 13-05-2009 THAT STABLE GOVT WILL BE FORMED AFTER ELECTIONS SINCE THEN I AM NON STOP TELLING FOR STABLE GOVT. AND UPMOVES THIS WEEK :-
1- ON 13-05-2009- "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."
2- AGAIN ON 13-05-2009- "ALTHOUGH NIFTY WILL TAKE SOME TIME TO CROSS 3715 BUT NOW 3715 WILL CLEAR AND ON GOING RALLY WILL REMAIN CONTINUED"
3- ON 14-05-2009- "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."
4- ON 15-05-2009- "AS CONDOLIDATION SEEN YESTERDAY THEREFORE UPMOVE IS EXPECTED"
5- AGAIN ON 15-05-2009- "INDIAN MARKETS ARE EXPECTED TO MAINTAIN UP MOVES AND WILL CLOSE IN GREEN AFTER POSITIVE OPENING."
AS I WAS NON STOP TELLING FOR THE LAST THREE SESSIONS THAT WILL HAPPEN NOW AND INDIAN MARKETS WILL OPEN HUGE GAP UP TODAY. INDIAN MARKETS MOVED UP AFTER 5 MONTHS CONSOLIDATION AND ALSO CROSSED BY FORCE 200 DMA.NOW ALL TRENDS ARE UP AND INDIAN MARKETS ARE COMPLETELY BULLISH NOW AND CORRECTING 2008 CRASH AT THIS MOMENT.LONG CHARTS OF INDIAN MARKETS SHOW THAT INDIAN MARKETS ARE BULLISH AND AFTER COMPLETING 2008 CORRECTION NEW HEIGHTS CAN ALSO BE SEEN IN INDIAN MARKETS.
AS IMPROVEMENTS SIGNS ARE SEEN IN INDIAN ECONOMY AND AFTER STABLE AS WELL AS PROGRESSIVE UNION GOVERNMENT IT IS VERY MUCH POSSIBLE THAT INDIAN STOCK MARKETS MAY SEE NEW HIGHS DURING THE TENURE OF NEXT PARLIAMENT.
ON GOING RALLY STARTED ON 09-03-2009 FROM 2539 AND RUN 1178 POINTS WITH ONLY SHORT TERM CORRECTIONS.IT IS 1ST WAVE AND HEIGHT OF THIS WAVE WILL DECIDE NEIGHTS OF NEXT 2 IMPULSIVE WAVES.I WOULD LIKE TO ADD HERE 2ND IMPULSIVE WAVE(3RD WAVE) CAN NOT BE SHORTER THAN 1ST WAVE.I CLEARLY MEAN TO SAY THAT 1ST WAVE HAS RUN 1179 POINTS UPTO 3717(1ST WAVE HIGHTEST) AND AFTER THIS UNTIL INTERMEDIATE TERM CORRECTION DOES NOT STARTS TILL THEN 1ST WAVE WILL BE COUNTED AND TOP BEFORE INTERMEDIATE TERM CORRECTION WILL DECIDE THE LENGTH OF 1ST WAVE.AS I HAVE ALREADY TOLD THAT 2ND IMPULSIVE WAVE(3RD WAVE) WILL NOT BE SHORTER THAN 1ST WAVE.AFTER WATCHING FORCE OF 1ST WAVE IT IS SEEMS THAT 2ND IMPULSIVE WAVE(3RD WAVE) WILL TEST ALL TIME HIGHEST AND 3RD IMPULSIVE WAVE(5TH WAVE) WILL GIVE GLORIOUS HEIGHTS TO INDIAN MARKETS.
INDIAN MARKETS WERE TRADING IN RISING CHANNEL SINCE 09-03-2009 AND NEW BULLISH PHASE WILL START AFTER HUGE GAP UP OPEN TODAY AND 76.4% CORRECTION LEVEL OF LAST CORRECTIVE WAVE WILL BE TESTED NOW AND EXCEPT THIS 50% CORRECTION LEVEL OF 2008 CRASH WILL ALSO BE TESTED IN THE COMING SESSIONS.BOTH THESE LEVELS ARE BETWEEN 4000 AND 4300
INDIAN MARKETS WILL OPEN AND CLOSE WITH HUGE GAINS TODAY AND TODAY BULLISH MOVE WILL GIVE BIRTH TO NEW BULLISH PKASE IN INDIAN MARKETS.
(LALIT KUMAR DHINGRA)
NIFTY WILL CROSS 3715 TODAY BUT I TOLD ON 14-05-2009 FOR NIFTY CROSSING 3715 THIS WEEK.AS SOON AS I GOT FIRST INDICATION ON 13-05-2009 THAT STABLE GOVT WILL BE FORMED AFTER ELECTIONS SINCE THEN I AM NON STOP TELLING FOR STABLE GOVT. AND UPMOVES THIS WEEK :-
1- ON 13-05-2009- "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."
2- AGAIN ON 13-05-2009- "ALTHOUGH NIFTY WILL TAKE SOME TIME TO CROSS 3715 BUT NOW 3715 WILL CLEAR AND ON GOING RALLY WILL REMAIN CONTINUED"
3- ON 14-05-2009- "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."
4- ON 15-05-2009- "AS CONDOLIDATION SEEN YESTERDAY THEREFORE UPMOVE IS EXPECTED"
5- AGAIN ON 15-05-2009- "INDIAN MARKETS ARE EXPECTED TO MAINTAIN UP MOVES AND WILL CLOSE IN GREEN AFTER POSITIVE OPENING."
AS I WAS NON STOP TELLING FOR THE LAST THREE SESSIONS THAT WILL HAPPEN NOW AND INDIAN MARKETS WILL OPEN HUGE GAP UP TODAY. INDIAN MARKETS MOVED UP AFTER 5 MONTHS CONSOLIDATION AND ALSO CROSSED BY FORCE 200 DMA.NOW ALL TRENDS ARE UP AND INDIAN MARKETS ARE COMPLETELY BULLISH NOW AND CORRECTING 2008 CRASH AT THIS MOMENT.LONG CHARTS OF INDIAN MARKETS SHOW THAT INDIAN MARKETS ARE BULLISH AND AFTER COMPLETING 2008 CORRECTION NEW HEIGHTS CAN ALSO BE SEEN IN INDIAN MARKETS.
AS IMPROVEMENTS SIGNS ARE SEEN IN INDIAN ECONOMY AND AFTER STABLE AS WELL AS PROGRESSIVE UNION GOVERNMENT IT IS VERY MUCH POSSIBLE THAT INDIAN STOCK MARKETS MAY SEE NEW HIGHS DURING THE TENURE OF NEXT PARLIAMENT.
ON GOING RALLY STARTED ON 09-03-2009 FROM 2539 AND RUN 1178 POINTS WITH ONLY SHORT TERM CORRECTIONS.IT IS 1ST WAVE AND HEIGHT OF THIS WAVE WILL DECIDE NEIGHTS OF NEXT 2 IMPULSIVE WAVES.I WOULD LIKE TO ADD HERE 2ND IMPULSIVE WAVE(3RD WAVE) CAN NOT BE SHORTER THAN 1ST WAVE.I CLEARLY MEAN TO SAY THAT 1ST WAVE HAS RUN 1179 POINTS UPTO 3717(1ST WAVE HIGHTEST) AND AFTER THIS UNTIL INTERMEDIATE TERM CORRECTION DOES NOT STARTS TILL THEN 1ST WAVE WILL BE COUNTED AND TOP BEFORE INTERMEDIATE TERM CORRECTION WILL DECIDE THE LENGTH OF 1ST WAVE.AS I HAVE ALREADY TOLD THAT 2ND IMPULSIVE WAVE(3RD WAVE) WILL NOT BE SHORTER THAN 1ST WAVE.AFTER WATCHING FORCE OF 1ST WAVE IT IS SEEMS THAT 2ND IMPULSIVE WAVE(3RD WAVE) WILL TEST ALL TIME HIGHEST AND 3RD IMPULSIVE WAVE(5TH WAVE) WILL GIVE GLORIOUS HEIGHTS TO INDIAN MARKETS.
INDIAN MARKETS WERE TRADING IN RISING CHANNEL SINCE 09-03-2009 AND NEW BULLISH PHASE WILL START AFTER HUGE GAP UP OPEN TODAY AND 76.4% CORRECTION LEVEL OF LAST CORRECTIVE WAVE WILL BE TESTED NOW AND EXCEPT THIS 50% CORRECTION LEVEL OF 2008 CRASH WILL ALSO BE TESTED IN THE COMING SESSIONS.BOTH THESE LEVELS ARE BETWEEN 4000 AND 4300
INDIAN MARKETS WILL OPEN AND CLOSE WITH HUGE GAINS TODAY AND TODAY BULLISH MOVE WILL GIVE BIRTH TO NEW BULLISH PKASE IN INDIAN MARKETS.
(LALIT KUMAR DHINGRA)
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