PRE-OPEN MARKET OUTLOOK(17-07-2009)

SHORT TERM AND LONG TERM TRENDS ARE UP AND INTERMEDIATE TERM IS DOWN. MARKETS RESTED YESTERDAY AFTER 2 DAYS RACE. IT IS EXPECTED THAT INDIAN MARKETS WILL FIRST PREPARE AND THEN AGAIN START RUNNING TODAY. AS INTRADAY CHARTS OF MANY STOCKS ARE SHOWING MIXED PATTERNS AFTER YESTERDAY PROFIT BOOKING THEREFORE CONSOLIDATION REQUIRES TODAY FOR NEXT UPMOVE. GLOBAL CUES ARE POSITIVE TODAY MORNING THEREFORE IT IS EXPECTED THAT AFTER POSITIVE OPENING INDIAN MARKETS WILL CONSOLIDATE BETWEEN YESTERDAY LAST 4 HOURS RANGE(4210-4270) AND FINALLY MOVE UP.

CONFIRMATION REQUIRES FROM FIRST 3 HOURS INTRADAY CHARTS TODAY AND BREAK OUT OF YESTERDAY LAST 4 HOURS RANGE WILL GIVE CONFIRMATION OF NEXT MOVE.

I AM BULLISH AND EXPECTING AGAIN UPMOVE FROM TODAY AFTER CONSOLADATION.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(16-07-2009)

INTRADAY CHARTS OF 13-07-2009 WILL SHOW THAT ON GOING RALLY MADE BOTTOM AT 12:10 PM AND I CONFIRMED BUYING WITHIN 3 HOUTS AT 02:21 PM IN FOLLOWING LINES IN MY MID-SESSION OUTLOOK-2(13-07-2009):-

"3930 BROKEN DOWN TODAY BUT WITHOUT FORCE THEREFORE DID NOT SUSTAINED BELOW IT. BUYING AT LOWER LEVELS TODAY"

MY OUTLOOKS ARE LIVE PROOF OF THIS FACT THAT I AM NON STOP PREDICTING ONLY AND ONLY FOR UPMOVE SINCE BOTTOM FORMATION ON 13-07-2009 AND INDIAN STOCK MARKETS ARE ALSO PROOVING MY PREDICTIONS ACCURATE THROUGH SHOWING ONLY AND ONLY UPMOVES.

I CLEARLY TOLD YESTERDAY:- "ABOVE 4220 MARKET WILL SHOOT UP LIKE ROCKET"

NIFTY CROSSED 4220 AFTER 03:00 PM YESTERDAY AND TODAY HUGE GAP UP OPEN WILL PROOVE THAT NIFTY SHOT UP LIKE ROCKET.

NOW SHORT TERM AND LONG TERM TRENDS ARE UP AND INTERMEDIATE TERM IS DOWN WHICH WILL BE UP ABOVE 4480 AND GIVE FIRST INDICATION OF 3RD WAVE BEGINING TOWARDS THE TARGET NEAR 6000 LEVELS.

NOW NEXT RESISTANCES RANGES ARE:-

1- 4330-4360(WEAK RESISTANCE)
2- 4450-4480(LITTLE STRONG RESISTANCE)

I AM REPEATING MY YESTERDAY FUTURE OUTLOOK STATEMENT:-

" RALLY IS ON AND WILL REMAIN ON IN COMING SESSIONS"

AS SENTIMENT IS HEATED THEREFORE SOME VOLTALITY AND PROFIT BOOKING MAY BE SEEN BUT WILL NOT BE ABLE TO HARM ON GOING UPTREND.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(15-07-2009)

I TOLD FOR UPMOVES NEAR THE LOWEST LEVELS AT 02:21 PM ON 13-07-2009 THAT:- "3930 BROKEN DOWN TODAY BUT WITHOUT FORCE THEREFORE DID NOT SUSTAINED BELOW IT. BUYING AT LOWER LEVELS TODAY"

I AM REPEATING YESTERDAY FUTURE OUTLOOK:- I TOLD TODAY THAT IF FOLLOW UP BUYING AND CONSOLODATION DEVELOPS AND NIFTY CROSS AS WELL AS SUSTAIN ABOVE 4135 THEN IT WILL GIVE CONFIRMATION COMPLETION OF CORRECTION AND IN THAT SITUATION STRONG RALLY WILL BE SEEN IN INDIAN MARKETS. ALTHOUGH NIFTY CLOSED BETWEEN RESISTANCE RANGE OF 4070-4135 AT 4111.40 BUT TODAY HIGHEST WAS AT 4128.90 AND RESISTANCE RANGE HAS BEEN ALMOST CLEARED. CERTAINLY GOOD BUYING WAS SEEN TODAY AND IT IS ALSO EXPECTED THAT NIFTY WILL CROSS 4135 TOMORROW RALLY WILL BE SEEN IN INDIAN MARKETS.

AFTER POSITIVE GLOBAL CUES FIRSTLY OPENING AND TRADING ABOVE 4135 WILL BE SEEN TODAY BUT SENTIMENT IS HEATED TODAY MORNING AND THEREFORE INITIAL VOLTALITY IS EXPECTED AFTER OPENING. AFTER CROSSING 4135 ROAD IS CLEAR UPTO 4175 AND ABOVE 4220 MARKET WILL SHOOT UP LIKE ROCKET.

I AM EXPECTING SHARP UPMOVE,RALLY AND GREEN CLOSING TODAY BUT SENTIMENT VERY MUCH HEATED TODAY AND BROFIT BOOKING DEVELOPS MANY TIMES IN SUCH TYPE OF SENTIMENTS. IT IS EXPECTED THAT FIRST TRADING RANGE WILL BE WITHIN 4135-4175 TODAY AND WHEN NIFTY SUSTAINS ABOVE 4175 THEN ANY TYPE OF DOWN FEAR WILL REMOVE AND IN THAT SITUATION NIFTY WILL CROSSS 4220 AND INDIAN MARKETS WILL SHOOT UP.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(14-07-2009)

I SHALL REPRODUCE FIRST MY FUTURE OUTLOOK OF YESTERDAY POST CLOSING REPORT BECAUSE I TOLD AT 09:23 PM YESTERDAY ALMOST ALL THAT WHICH WILL HAPPEN TODAY :-

FUTURE OUTLOOK:- INDIAN MARKETS GOT GOOD SUPPORT AT LOWER LEVELS TODAY THEREFORE AN UPMOVE IS CONFIRM TOMORROW. IT IS EXPECTED THAT NIFTY WILL OPEN ABOVE 4000 AND WILL TEST 4050 TOMORROW BUT STRONG RESISTANCE RANGE IS 4070-4135. A SMALL UPMOVE WILL BE SEEN TOMORROW BUT FIRST CONFIRMATION OF SUSTAINED UPMOVE WILL COME IF NIFTY WILL CROSS BY FORCE 4135 OR SUSTAIN ABOVE IT. AS I WAS EXPECTING AN UPMOVE TOMORROW THEREFORE I POSTED NIFTY F&O BUYING CALL IN FUTURE AND OPTION CALLS THREAD IN THE LAST MINUTES. I POSTED IN LAST MINUTES BECAUSE I ALWAYS AVOID EXCESSIVE VOLUMES ON MY CALLS BECAUSE THAT WILL PROOVE HAZARDOUS FOR THEM WHO TRADE BLINDLY ON MY CALLS.

I TOLD AGAIN AND AGAIN FOR TESTING OF 3930 AND NIFTY TESTED 3930 AS WELL AS REVERSED AFTER MAKING BOTTOM A LITTLE BELOW AT 3918.75. AS LONG TERM TREND IS UP AND INDIAN MARKETS COMPLETED ONE PHASE OF CORRECTION(I DESCRIBED IT LAST 2 DAYS). IF FOLLOW UP BUYING AND CONSOLODATION DEVELOPS AND NIFTY CROSS AS WELL AS SUSTAIN ABOVE 4135 THEN IT WILL GIVE CONFIRMATION COMPLETION OF CORRECTION AND IN THAT SITUATION STRONG RALLY WILL BE SEEN IN INDIAN MARKETS.

GREEN CLOSING WILL BE SEEN AFTER GAP UP OPENING TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(13-07-2009)

I CLEARLY TOLD FOR DOWN MOVES ON LAST FRIDAY AND TOLD WITH TECHNICAL CALCULATIONS FOR THE TARGET OF 3930 THEREFORE FIRST 3930 SHOULD BE WATCHED IF NIFTY SLIPS BELOW THEN NEXT TARGETS WILL BE :-

138.2% OF 550 IS 825
4693(1ST WAVE TOP)-825=3868(PROBABLE TARGET OF 'C' WAVE)

MARKETS MOVE ON ITS CHARACTER AND REMAINS MANY POSSIBILITIES THEREFORE WE SHOULD KEEP IN MIND ALL THE POSSIBILITIES. THIS POSSIBILITY SHOULD ALSO BE KEPT IN MIND THAT BULLISH MARKETS ARE TEND TO TEST 200 EMA DURING INTERMEDIATE TERM CORRECTIONS AND IT IS AT 3724 AT THIS MOMENT. UNTIL NIFTY IS ABOVE 3724 TILL THEN LONG TERM TREND IS UP AND FRESH BUYING SHOULD BE DONE AFTER CONFIRMATION OF CONSOLIDATION AND TREND REVERSAL.

AS GLOBAL MARKETS ARE WEAK THEREFORE AFTER WEAK OPENING VOLTALITY WILL BE SEEN. TESTING OF 3930 AND MORE DOWN MOVES ARE EXPECTED IN COMING SESSIONS.


(LALIT KUMAR DHINGRA)