PRE-OPEN MARKET OUTLOOK(12-06-2009)

MARCH 2009 RALLY IS STRONGEST EVER 1ST WAVE MOVE IN INDIAN STOCK MARKET WHICH CLIMBED MORE THAN 2100 POINTS WITH ONLY VERY SHORT TERM CORRECTIONS. EACH AND EAVERY TIME IT HAPPENED THAT AFTER SOME SELLING MARKET CONSOLIDATED AND MOVED UP IMMEDIATELY. LAST 2 DAYS INTRADAY CHARTS OF MANY STOCKS ARE SHOWING SELLING PATTERNS THEREFORE CORRECTION IS EXPECTED. IT IS THE ONLY QUESTION LEFT AT THIS MOMENT THAT EXPECTED CORRECTION WILL BE VERY SHORT TERM OR SHORT TERM.AS PER MY VIEW NIFTY SUSTAINING BELOW 4600 WILL GIVE CONFIRMATION TO VERY SHORT TERM CORRECTION AND NIFTY SUSTAINING BELOW 4400 WILL GIVE CONFIRMATION TO SHORT TERM CORRECTION.
AS MOST OF THE GLOBAL MARKETS ARE POSITIVE TODAY MORNING THEREFORE INDIAN MARKETS WILL OPEN POSITIVE AND CLOSE IN RED TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(11-06-2009)

ALL TRENDS ARE UP NOW AND NIFTY TRADED WHOLE DAY YESTERDAY WITHIN THE RANGE OF 4640-4680. SOME SELLING PATTERNS DEVELOPED YESTERDAY IN INTRADAY CHARTS THEREFORE CONSOLIDATION REQUIRED FOR CROSSING YESTERDAY TRADING RANGE. AS ALL TRENDS ARE UP AND RALLY IS STRONGEST EVER THEREFORE ANY TYPE OF CORRECTION IS NOT POSSIBLE FROM SELLING PATTERNS OF ONLY ONE DAY INTRADAY CHARTS THEREFORE NIFTY WILL OPEN IN YESTERDAY TRADING RANGE(4640-4680) AND WILL TRADE FIRST WITHIN THAT RANGE AND CONSOLIDATE FOR NEXT UPMOVE. IF FOLLOW UP SELLING DOES NOT COME TODAY THEN ON GOING UPMOVE WILL REMAIN CONTINUED AND INDIAN MARKETS WILL COLSE IN GREEN TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(10-06-2009)

I TOLD IN MID-SESSION OUTLOOK AT 12:50 PM YESTERDAY THAT:- "JUST WATCH FIRST RESISTANCE OF 4535-4555 AND TRADE ACCORDING TO THE MARKET SUSTAINING UP OR BELOW OF THIS RANGE."
NIFTY TRADED ALMOST WHOLE TIME NEARABOUT THIS RANGE AFTER 12:50 PM AND CLOSED WITHIN THIS RANGE AT 4550.95 YESTERDAY. I AGAIN REPEATED SAME VERSION YESTERDAY IN MY FUTURE OUTLOOK OF YESTERDAY POST CLOSING REPORT AND ONCE AGAIN EMPHASISING IT WITH MY THIS STATEMENT THAT DO'NT BE BULLISH OR BEARISH IN SHORT TERM AND ONLY WATCH THAT WHICH SIDE OF MENTIONED RANGE(4535-4555) NIFTY IS SUSTAINING AND TRADE ACCORDING TO THAT. I CLEARLY MEAN TO SAY THAT IF NIFTY SUSTAINS ABOVE 4555 THEN WILL COUNTER LAST RESISTANCE RANGE (4600-4650) OF THIS RALLY AND IF SUSTAINS BELOW 4535 THEN WILL TEST FIRST SUPPORT RANGE(4300-4350) OF THIS RALLY.
LONG AND INTERMEDIATE TERM TRENDS ARE UP AND SHORT TERM TREND IS SIDEWAYS FOR THE LAST 7 DAYS WITHIN THE RANGE OF 4365-4650. LAST 7 DAYS SIDEWAYS TRADING IS PREPERATION FOR NEXT BIG MOVE AND FIRST SIGNAL OF BREAK OUT OF LAST 7 DAYS RANGE WILL COME FROM THE BREAK OUT OF THE TRADING RANGE OF 4535-4555. UPWARD BREAK OUT WILL MEAN TESING OF THE RANGE OF 4600-4650 AND CROSSING OF 4650 WILL MEAN CONTINUATION OF ONGOING RALLY TO TEST +4900 LEVEL. DOWNWARS BREAK OUT WILL MEAN BEGINING OF SHORT TERM CORRECTION AND ALSO WITH POSSIBILITY OF INTERMEDIATE TERM TREND TOWARDS DOWN SIDE.IN THIS SITUATION INDIAN MARKETS WILL TEST NEXT SUPPORTS AT LOWER LEVELS.
NEXT SUPPORTS ARE AS FOLLOWS:-
1- 4300-4350
2- 4200-4250
3- 4100-450
AFTER FLAT US AND EUROPEAN MARKETS ASIAN MARKETS ARE POSITIVE TODAY THEREFORE AFTER GOOD OPENING NIFTY SUSTAINING ABOVE 3555 WILL MEAN CONTINUATION OF UPWARD JOURNEY AND GREEN CLOSING TODAY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(09-06-2009)

AS I AM NON STOP TELLING BEFORE BEGINING OF ANY INDIAN STOCK MARKET FALL SINCE JAN 2008 (FROM SENSEX ABOVE 21000 AND NIFTY ABOVE 6000) SO I TOLD VERY MOCH CLEARLY YESTERDAY ABOUT THE BEGINING OF FALL AND INDIAN MARKETS CLOSED IN DEEP RED YESTERDAY. SHORT TERM TREND HAS STARTED TO MOVE DOWN FROM YESTERDAY AND WITH THIS DOWN MOVE CORRECTION STARTED. CONSOLIDATION WILL STOP CORRECTION THEREFORE BETTER TO WAIT FOR BEGINING OF CONSOLIDATION AND THEN START BUYING.AT THIS MOMENT SHORT TERM CORRECTION HAS BEEN CONFIRMED THEREFORE ONLY SHORT TERM TARGETS WILL BE KEPT IN MIND. IN DOWNSIDE GOOD SUPPORT BETWEEN 4100-4250 AND I AM EXPECTING THAT THIS SUPPORT WILL NOT BREAK EASILY AND UPTO BUDGET NIFTY WILL BE VOLATILE,CONSOLIDATE AND TRADE WITHIN THE RANGE OF 4100-4650. SOME MORE DOWN MOVE IS EXPECTED AND THEN CONSOLIDATION WILL START.

NEXT SUPPORTS ARE AS FOLLOWS:-

1- 4300-4350
2- 4200-4250
3- 4100-450

AS SOME MORE DOWN MOVE IS EXPECTED THEREFORE AFTER WEAK OPENING INDIAN MARKETS WILL TRADE FIRST IN RED AND PREPARE FOR NEXT MOVE. INTRADAY CHART OF FIRST 3 HOURS WILL TELL MORE CORRECTION OR CONSOLIDATION AND THAT WILL DECIDE TODAY CLOSING. AS INTRADAY CHARTS WILL SUGGEST SO WILL BE POSTED IN MID-SESSION OUTLOOK.



(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(08-06-2009)

INDIAN MARKETS WERE RANGE BOUND(4570-4630) AND VOLATILE LAST FRIDAY. NIFTY CROSSED 4620 BUT DID NOT SUSTAINED AND MOVED DOWN DUE TO PROFIT BOOKING. INTRADAY CHARTS OF INDICES AND MORE THAN 50% NIFTY STOCKS ARE SHOWING SELLING FORMATIONS. IF NIFTY SUSTAINS BELOW 4570 TODAY THEN A VERY SHORT TERM CORRECTION WILL BE SEEN AND NIFTY MAY TEST 4470.

AFTER FLAT TO RED OPENING SOME VOLATILE,FINALLY DOWN MOVE AND RED CLOSING IS EXPECTED TODAY. TESTING OF 4470 IS POSSIBLE IN VERY SHORT TERM CORRECTION.



(LALIT KUMAR DHINGRA)