PRE-OPEN MARKET OUTLOOK(26-06-2009)

DOW JONES SHOWED HANDSOME 172 POINTS RALLY YESTERDAY. IT WAS EXPECTED AFTER FED MEET BUT SEEN ONE DAY LATE AND GLOBAL MARKETS WILL REACT IT TODAY WITH POSITIVE OPENING. IN STOCK MARKETS ALL THE THINGS DOES NOT HAPPEN ACCORDING TO OUR EXPECTATIONS AND MAY TURN ALSO DIFFERENT WAY BUT FOR EARNING PROFITS QUICK UNDERSTANDING AND SHIFTING OF TRADE ACCORING TO MARKET IS MUST. AS SOON AS I GOT CONFIRMATION YESTERDAY THAT MARKET MAY TURN AGAINST MY GREEN CLOSING PREDICTION I IMMEDIATELY POSTED POST OPEN OUTLOOK AT 10:54 AM AND DECLARED POSSIBILITY OF RED CLOSING. I WOULD LIKE TO ADD THAT NIFTY TRADED FIRST 4 HOURS BETWEEN 4290-4320 AND ANY ONE CAN VERIFY FROM YESTRADAY INTRADAY CHARTS THAT NIFTY WAS ALMOST NEAR THE UPPER PART OF THIS RANGE AT THE TIME OF POST OPEN OUTLOOK POSTING AND ITS TIME OF 10:54 AM CAN BE VERIFIED THROGH THE CLICK OF FOLLOWING LINK;-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1245978328629&aid=1234097281$pid=1245978328629

I CLEARLY EXPLAINED BECAUSE I ALWAYS TRY TO POST MY TRADING HOURS ANALYSIS WITHIN TIME FOR THE PURPOSE OF PROPER GUIDEANCE WITHOUT LOOSING ANY OPPORTUNITY.
THERE WAS PREVIOUS RESISTANCE BETWEEN 4300-4350 THEREFORE I WAS TELLING FOR ZOOMING UP ABOVE 4350 AND WITHIN THIS RANGE AGAIN SELLING WAS SEEN YESTERDAY. NIFTY TRADED FIRST 4 HOURS YESTERDAY WITHIN 4290-4320 AND AFTER GENUINE SELLING MOVED DOWNWARD. DURING CONSOLIDATION GENUINE SELLING SHOULD NOT COME BUT WAS SEEN YESTERDAY THEREFORE RESISTANCE RANGE OF 4300-4350 BECAME STRONGER AND FOR ANY UPMOVE MORE CONSOLIDATION IS MUST. IF FOLLOW UP SELLING AGAIN DEVELOPS TODAY THEN MORE LOWER LEVELS MAY BE SEEN.

I AM NON-STOP TELLING FOR THE LAST MANY DAYS ABOUT GOOD SELLING AT HIGHER LEVELS OF MARCH 2009 RALLY AND COMPLETE CONSOLIDATION REQUIREMENT FOR ITS BREAK OUT. AS DURING PROCESS OF CONSOLIDATION GENUINE SELLING WAS SEEN YESTERDAY THEREFORE UNTIL FRESH PROOFS OF CONSOLIDATION WILL NOT BE SEEN TILL THEN NEXT UPMOVE CAN NOT BE PREDICTED.

NIFTY IS TRADING WITHIN 4170-4350 FOR THE LAST 6 DAYS. WITHIN THIS RANGE BUYING WAS SEEN AT LOWER LEVELS AND SELLING AT HIGHER LEVELS. IT WAS EXPECTED THAT WILL ZOOM UP YESTERDAY AFTER SOME AFTER CONSOLIDATION BELOW 4350 BUT ON THE OTHER HAND GENUINE SELLING DEVELOPED. IT IS NOW CONFIRM THAT WITHOUT MORE CONSOLIDATION FRESH UPMOVE WILL NOT BE SEEN AND DURING THIS PROCESS NIFTY MAY TEST ALSO LOWER LEVELS OF 6 DAYS RANGE. IT IS EXPECTED THAT MARKET WILL REMAIN WITHIN 6 DAYS RANGE DURING COMING FEW SESSIONS AND WILL PREPARE FOR NEXT BIG MOVE.

SHORT TERM AND INTERMEDIATE TERM TRENDS ARE DOWN AND LONG TERM IS UP. MARKET HAS TURNED RANGE BOUND THEREFORE FOR NEXT MOVE AND FINAL TREND CONFIRMATION WILL COME OUT AFTER THE BREAK OUT OF 6 DAYS RANGE

AFTER FLAT TO GREEN OPENING FIRSTLY VOLTALITY WILL BE SEEN AND INDIAN MARKETS WILL TRADE IN RED ZONE ALSO. IF SUPPORT DOES NOT COME AT LOWER LEVELS THEN RED CLOSING IS ALSO EXPECTED TODAY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(25-06-2009)

ALTHOUGH US MARKETS CLOSED WITH MINOR LOSSES YESTERDAY BUT INTRADAY CHARTS ARE SHOWING BUYING THEREFORE IT IS EXPECTED THAT US MARKETS MAY CLOSE POSITIVE TODAY AND ALSO SHOW SHARP RALLY IN SITUATION OF POSITIVE OUTCOME FROM FED MEET TODAY. IF IT HAPPENS TODAY THEN TODAY IT WILL BECOME TRIGGER FOR VERY SHORT TERM RALLY IN GLOBAL MARKETS TOMORROW"

DOW JONES WAS MORE THAN 50 POINTS PLUS AT THE TIME OF FOMC RESULTS ANNOUNCEMENT AND TRIMMED GAINS AFTER ANNOUNCEMENT BUT ABOVE ALL CHARTS SPEAKS FINALLY. AS CHARTS WERE GIVING POSITIVE SIGNALS THEREFORE AFTER UNFAVOURABLE ANNOUNCEMENT FROM FOMC NASDAQ AND S&P500 CLOSED POSITIVE AND ASIAN MARKETS ARE IN GREEN TODAY.

"INDIAN MARKETS WILL CLOSE IN GREEN AFTER GAP UP OPENING TODAY AND WILL ZOOM UP AFTER CROSSING 4350"


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(24-06-2009)

ALL THE GLOBAL MARKETS HAVE ENTERED INTO NARROW RANGE TRADING ZONE TODAY AND PREPARING FOR NEXT MOVES AFTER YESTERDAY HUGE LOSSES. IT IS EXPECTED THAT GLOBAL MARKETS WILL REMAIN ALMOST FLAT TODAY AND WILL NOT GIVE ANY SPECIFIC CUE. ALTHOUGH US MARKETS CLOSED WITH MINOR LOSSES YESTERDAY BUT INTRADAY CHARTS ARE SHOWING BUYING THEREFORE IT IS EXPECTED THAT US MARKETS MAY CLOSE POSITIVE TODAY AND ALSO SHOW SHARP RALLY IN SITUATION OF POSITIVE OUTCOME FROM FED MEET TODAY. IF IT HAPPENS TODAY THEN TODAY IT WILL BECOME TRIGGER FOR VERY SHORT TERM RALLY IN GLOBAL MARKETS TOMORROW AND NEXT CUE IS EXPECTED FROM TODAY US MARKETS.

INDIAN MARKETS RECOVERED FROM DAY'S LOWS YESTERDAY AND NIFTY TRADED LAST ONE HOUR WITHIN THE RANGE OF 4230-4260 BUT COULD NOT SUSTAIN AT HIGHER LEVELS OF THE DAY AND BROKEN DOWN SHARPLY IN THE LAST 10 MINUTES YESTERDAY THEREFORE SOME CONSOLIDATION IS REQUIRED TODAY FOR SUSTAINING ABOVE 4260. SUATAINING ABOVE 4260 WILL GIVE CONFIRMATION TO SLOW UPMOVE UPTO 4350 AND AFTER CROSSING 4350 SHARP UPMOVES WILL BE SEEN.

IT IS EXPECTED THAT AFTER FLAT OPENING NIFTY WILL FIRST TRADE AND PREPARE BETWEEN LAST ONE HOUR RANGE OF YESTERDAY(4230-4260) AND FINALLY CROSS ABOVE 4260 AND CLOSE IN GREEN TODAY BUT FOR PRECAUTION AND SAFETY WATCH 4260.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(23-06-2009)

ALL THE GLOBAL MARKETS CRASHED AFTER THIS WORLD BANK 2009 FORECAST:-
"GLOBAL GROWTH WILL SHRINK BY2.9% VERSUS WORLD BANK EARLIER FORECAST OF 1.7% CONTRACTION. WORLD BAANK ALSO EXPECTED THAT GLOBAL TRADE WILL PLUMMET 9.7% THIS YEAR"
INDIAN MARKETS WILL RESPOND CRASHED WORLD MARKETS WITH GAP DOWN OPENING TODAY BUT 4210-4240 IS STRONG SUPPORT RANGE AND IF NIFTY SUSTAINS BELOW IT THEN FURTHER WEAKNESS WILL CONFIRM. INTRADAY CHARTS OF LAST 3 DAYS ARE SHOWING CONSOLIDATION WITHIN THIS RANGE THEREFORE IT IS EXPECTED THAT INDIAN MARKETS WILL RECOVER AND CROSS SUPPORT RANGE OF 4210-4240 EITHER TODAY OR TOMORROW EVEN AFTER WORLD BANK DISAPPOINTING FORECAST AND CRASHED ALL THE GLOBAL MARKETS.
I EXPECT THAT INDIAN MARKETS WILL RECOVER AFTER GAP DOWN OPENING AND WILL CLOSE IN GREEN TODAY.AS SENTIMENT IS EXTREMELY DAMPENED THEREFORE IF GREEN CLOSING IS NOT SEEN TODAY THEN IT WILL NOT MEAN THAT FRESH DOWN MOVE STARTED AND IT IS ALSO EXPECTED THAT AFTER CONSOLIDATION TODAY INDIAN MARKETS SHOULD MOVE UP IN THE COMING SESSIONS.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(22-06-2009)

INDIAN MARKETS POSSIBILITIES POSTED IN PART-1 IS BASED AT THIS POINT THAT ON GOING CORRECTION HAS BEEN FINISHED AT 4207 AND SHOULD NOT BE BROKEN. INDIAN MARKETS STARTED CORRECTION AFTER VERY GOOD SELLING BETWEEN 4500-4680 THEREFORE THIS RANGE HAS BECOME STRONG RESISTANCE. ONLY ONE DAY CONSOLIDATION IS NOT SUFFICIENT TO CROSS THIS STRONG RESISTANCE AND MARKETS REQUIRES COMPLETE CONSOLIDATION OF SOME MORE DAYS FOR CROSSING MENTIONED RESISTANCE RANGE. IF DURING MORE CONSOLIDATION PROCESS NIFTY DOES NOT BREACH 4207 AND NIFTY CONSOLIDATES ABOVE IT THEN IT IS CONFIRM THAT NIFTY WILL BREAK 1ST WAVE HIGHEST (4689) AND WILL TEST 6357 IN 3RD WAVE. ALTHOUGH I AM EXPECTING THAT IN THE COMING SESSIONS BUYING AND CONSOLIDATION WILL CONTINUE WITH VOLTALITY WITHIN 4207-4689 BUT IN STOCK MARKETS PRECAUTION AND CONFIRMATION IS MUST THEREFORE IF FOLLOW UP BUYING AND CONSOLIDATION COMES IN THE COMING SESSIONS THEN THAT WILL GIVE COMPLETE CONFIRMATION TO ALL THE POSSIBILITIES WHICH HAVE PRESENTED. AT PRESENT I AM EXPECTING THAT UPTO BUDGET NIFTY WILL REMAIN VOLATILE AND CONSOLIDATE WITHIN 4207-4689 AND WILL BREAK UPWARD 4689 JUST BEFORE OR AFTER BUDGET. LONG POSITIONS SHOULD BE BUILT UP AFTER SOME MORE CONFIRMATION OF CONSOLIDATION.

AS INTRADAY CHARTS OF MOST OF THE ASIAN MARKETS ARE SHOWING BUYING ON 19-06-2009 THEREFORE IT IS EXPECTED THAT AT THE TIME OF INDIAN MARKETS OPENING ALMOST ALL THE ASIAN MARKETS WILL BE IN GREEN. INDIAN MARKETS WILL OPEN WITH GOOD GAINS ON 22-06-2009 AFTER FRIDAY INDIAN MARKETS LATE RALLY AND AND EXPECTED GREEN ASIAN MARKETS. IT IS ALSO EXPECTED THAT MOST OF THE TIME INDIAN MARKETS WILL REMAIN POSITIVE AND WILL CLOSE WITH GAINS OF POINTS.


(LALIT KUMAR DHINGRA)