ALTHOUGH CHINESE MARKETS CRASH ON 29-07-2009 WAS MOST UNEXPECTED BUT ALL GLOBAL MARKETS AGAIN STARTED UP MOVES AFTER GETTING POSITIVE CUES FROM US MARKETS THEREFORE INDIAN MARKETS WILL ALSO RESPOND GLOBAL RALLY WITH POSITIVE OPENING TODAY. I AM AGAIN AND AGAIN TELLING THAT INDIAN MARKETS ARE TRADING WITHIN RESISTANCE ZONE OF 4525-4693 THEREFORE UPMOVES REQUIRE CONSOLIDATION AT EVERY RISE. LAST STRONG RESISTANCE RANGE IS 4650-4693 AND INDIAN MARKETS WILL SHOW SHARP UPMOVES AFTER CROSSING THIS RANGE. NOW ALL TRENDS ARE UP INDIAN MARKETS ARE READY TO CROSS 4693 UPTO NEXT WEEK.
ALL GLOBAL MARKETS ARE BULLISH TODAY THEREFORE GLOBAL CUES ARE VERY MOCH STRONG TODAY MORNING. GREEN CLOSING IS EXPECTED AFTER POSITIVE OPEN BUT MARKET MAY BE VOLATILE AND BUYING SHOULD BE DONE AFTER COMPLETION OF INTRADAY CORRECTIONS. I AM AGAIN REPEATING THAT UP MOVES WILL BE SLOW UPTO 4693.
(LALIT KUMAR DHINGRA)
Friday, July 31, 2009
Thursday, July 30, 2009
PRE-OPEN MARKET OUTLOOK(30-07-2009)
INDIAN MARKETS MOVED DOWN SHARPLY AFTER SHANGHAI INDEX CRASH YESTERDAY BUT NIFTY COULD NOT MOVED BELOW INTERMEDIATE BOTTOM OF 4380 AND RECOVERED FROM 4421 THEREFORE LONG TERM AND INTERMEDIATE TERM TRENDS ARE VERY MUCH INTACT. I AM CONTINUOUSLY TELLING THAT INDIAN MARKETS ARE WITHIN THE RESISTANCE RANGE OF 4525-4693 THEREFORE UP MOVES WILL BE SLOW. MARKETS WILL CONSOLIDATE FIRST AND AFTER THAT WILL MOVE UP AND DURING THIS PROCESS IT WILL TAKE ITS OWN TIME. IN STOCK MARKETS WE SHOULD ALWAYS CONSIDER ALL THE POSSIBILITIES BECAUSE GENERAL TRADERS CAN NEVER LEAD BUT HAVE TO FOLLOW MARKETS. ONE MORE DEVELOPMENT HAS TO BE KEPT IN MIND THAT INDIAN MARKETS MOVED DOWN YESTERDAY AFTER FORMING LOWER BOTTOM OF THIS RALLY. AS MOST OF THE STOCKS ARE SHOWING BUYING PATTERNS THEREFORE UPMOVE POSSIBILITIES ARE HIGH AND I AM ALSO EXPECTING CONTINUATION OF RALLY BUT FOR PRECAUTIONS COMING SESSIONS INTRADAY CHARTS ANALYSIS IS MUST. IF FOLLOW UP SELLING DOES NOT DEVELOP IN THE COMING SESSIONS AND NIFTY MAINTAINS ABOVE 4380 THEN ON GOING UPMOVE IS VERY MUCH SAFE BUT IT IS CONFIRM THAT NIFTY WILL PASS SOME MORE SESSIONS WITHIN THE RANGE OF 4380-4693. FOR CROSSING 4693 MARKET WILL TAKE SOME MORE TIME BECAUSE AS PER MY VIEW TOO MUCH CONSOLIDATION IS STILL LEFT. FOR MAINTAINING OF THIS RALLY 4450 SHOULD ALSO BE WATCHED BECAUSE IT IS GOOD SUPPORT AND NIFTY SUSTAINED ABOVE IT AFTER YESTERDAY FALL.
MORE OR LESS ALL THE ALOMOST ALL THE ASIAN MARKET ARE MOVING TRADING NEAR THEIR YESTERDAY CLOSING THEREFORE SENTIMENT IS CALM THEREFORE INDIAN MARKETS WILL OPEN FLAT AND WILL TRADE TODAY ACCORDING TO ITS MARKET POSITIONS BECAUSE TODAY IS LAST DAY OF DERIVATIVE SETTLEMENT.
AS MARKET HAS TO PREPARE FOR NEXT MOVE THEREFORE INTRADAY CHARTS ANALYSIS OF FIRST 3 HOURS ARE MUST FOR DECIDING NEXT MOVES AND TODAY CLOSING.
(LALIT KUMAR DHINGRA)
MORE OR LESS ALL THE ALOMOST ALL THE ASIAN MARKET ARE MOVING TRADING NEAR THEIR YESTERDAY CLOSING THEREFORE SENTIMENT IS CALM THEREFORE INDIAN MARKETS WILL OPEN FLAT AND WILL TRADE TODAY ACCORDING TO ITS MARKET POSITIONS BECAUSE TODAY IS LAST DAY OF DERIVATIVE SETTLEMENT.
AS MARKET HAS TO PREPARE FOR NEXT MOVE THEREFORE INTRADAY CHARTS ANALYSIS OF FIRST 3 HOURS ARE MUST FOR DECIDING NEXT MOVES AND TODAY CLOSING.
(LALIT KUMAR DHINGRA)
Wednesday, July 29, 2009
PRE-OPEN MARKET OUTLOOK(29-07-2009)
TECHNICALLY CHARTS POSITIONS ARE ALMOST SAME BECAUSE MARKETS ARE PREPARING FOR A MOVE THEREFORE ARE FLAT. US MARKETS ARE ALSO FLAT FOR THE LAST 4 SESSIONS. VIEW IS ALSO SAME THEREFORE I AM REPEATING YESTERDAY MARKET OUTLOOK TODAY:-
I AM CONTINUOUSLY TELLING FOR SLOW UPMOVES BECAUSE INDIAN MARKETS ARE TRADING BETWEEN RESISTANCE ZONE OF 4525-4693. AS ALL TRENDS ARE UP AND CHARTS HAVE NOT SHOWN SELLING PATTERNS THEREFORE VIEW IS BULLISH. NIFTY TRADED YESTERDAY BETWEEN 4530-4595 AND LITTLE SELLING WAS SEEN AT HIGHER LEVELS AND SOME BUYING WAS SEEN AT LOWER LEVELS. NIFTY WILL TRADE FIRST BEETWEEN THIS RANGE AFTER ALMOST FLAT OPENING AND BREAK OUT OF THIS RANGE WILL GIVE NEXT MOVE CONFIRMATION. AS VIEW IS BULLISH THEREFORE UP SIDE BREAK OUT IS EXPECTED.
CONSOLIDATION AND SLOW UPMOVES ARE EXPECTED IN THE COMING SESSIONS AND IN THIS PROCESS MARKETS MAY TRADE OR CLOSE IN NEGATIVE ZONE ALSO BUT THAT DOES NOT MEAN THAT DOWN MOVE HAS STARTED. FOR ANY DOWN MOVE GOOD SELLING PATTERNS ARE MUST IN INTRADAY CHARTS AND SELLING IS NOT SEEN THERE.
AS ASIAN MARKETS ARE MIXED THEREFORE FLAT OPENING MAY BE SEEN AND GREEN CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)
I AM CONTINUOUSLY TELLING FOR SLOW UPMOVES BECAUSE INDIAN MARKETS ARE TRADING BETWEEN RESISTANCE ZONE OF 4525-4693. AS ALL TRENDS ARE UP AND CHARTS HAVE NOT SHOWN SELLING PATTERNS THEREFORE VIEW IS BULLISH. NIFTY TRADED YESTERDAY BETWEEN 4530-4595 AND LITTLE SELLING WAS SEEN AT HIGHER LEVELS AND SOME BUYING WAS SEEN AT LOWER LEVELS. NIFTY WILL TRADE FIRST BEETWEEN THIS RANGE AFTER ALMOST FLAT OPENING AND BREAK OUT OF THIS RANGE WILL GIVE NEXT MOVE CONFIRMATION. AS VIEW IS BULLISH THEREFORE UP SIDE BREAK OUT IS EXPECTED.
CONSOLIDATION AND SLOW UPMOVES ARE EXPECTED IN THE COMING SESSIONS AND IN THIS PROCESS MARKETS MAY TRADE OR CLOSE IN NEGATIVE ZONE ALSO BUT THAT DOES NOT MEAN THAT DOWN MOVE HAS STARTED. FOR ANY DOWN MOVE GOOD SELLING PATTERNS ARE MUST IN INTRADAY CHARTS AND SELLING IS NOT SEEN THERE.
AS ASIAN MARKETS ARE MIXED THEREFORE FLAT OPENING MAY BE SEEN AND GREEN CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)
Tuesday, July 28, 2009
PRE-OPEN MARKET OUTLOOK(28-07-2009)
I AM CONTINUOUSLY TELLING FOR SLOW UPMOVES BECAUSE INDIAN MARKETS ARE TRADING BETWEEN RESISTANCE ZONE OF 4525-4693. AS ALL TRENDS ARE UP AND CHARTS HAVE NOT SHOWN SELLING PATTERNS THEREFORE VIEW IS BULLISH. NIFTY TRADED YESTERDAY BETWEEN 4530-4595 AND LITTLE SELLING WAS SEEN AT HIGHER LEVELS AND SOME BUYING WAS SEEN AT LOWER LEVELS. NIFTY WILL TRADE FIRST BEETWEEN THIS RANGE AFTER ALMOST FLAT OPENING AND BREAK OUT OF THIS RANGE WILL GIVE NEXT MOVE CONFIRMATION. AS VIEW IS BULLISH THEREFORE UP SIDE BREAK OUT IS EXPECTED.
RBI CREDIT POLICY WILL BE DECLARED THEREFORE SOME VOLTALITY MAY BE SEEN TODAY. CONSOLIDATION AND SLOW UPMOVES ARE EXPECTED IN THE COMING SESSIONS AND IN THIS PROCESS MARKETS MAY TRADE OR CLOSE IN NEGATIVE ZONE ALSO BUT THAT DOES NOT MEAN THAT DOWN MOVE HAS STARTED. FOR ANY DOWN MOVE GOOD SELLING PATTERNS ARE MUST IN INTRADAY CHARTS AND SELLING IS NOT SEEN THERE.
AS ASIAN MARKETS ARE MIXED THEREFORE FLAT OPENING MAY BE SEEN AND GREEN CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)
RBI CREDIT POLICY WILL BE DECLARED THEREFORE SOME VOLTALITY MAY BE SEEN TODAY. CONSOLIDATION AND SLOW UPMOVES ARE EXPECTED IN THE COMING SESSIONS AND IN THIS PROCESS MARKETS MAY TRADE OR CLOSE IN NEGATIVE ZONE ALSO BUT THAT DOES NOT MEAN THAT DOWN MOVE HAS STARTED. FOR ANY DOWN MOVE GOOD SELLING PATTERNS ARE MUST IN INTRADAY CHARTS AND SELLING IS NOT SEEN THERE.
AS ASIAN MARKETS ARE MIXED THEREFORE FLAT OPENING MAY BE SEEN AND GREEN CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)
Monday, July 27, 2009
PRE-OPEN MARKET OUTLOOK(27-07-2009)
LONG TERM AND SHORT TERM TRENDS WERE UP AND AFTER NIFTY SUSTAINING ABOVE 4480 ON LAST FRIDAY INTERMEDIATE TERM TREND HAS ALSO TURNED UP. AS PER DOW THEORY INTERMEDIATE tERM TREND LASTS FROM 3 WEEKS TO 3 MONTHS AND LONG TERM TREND LASTS FROM 1 YEAR TO NUMBER OF YEARS. INDIAN MARKETS SUSTAINED AND MOVED ABOVE 200 DMA IN THE LAST WEEK OF APRIL 2009 AND NOW HAS ALSO TURNED UPWARD AFTER COMPLETION OF INTERMEDIATE TERM CORRECTION(2ND WAVE).IT SEEMS THAT 3RD WAVE(2ND IMPULSIVE) HAS BEEN STARTED WITH THE COMPLETION OF 2ND WAVE(1ST CORRECTIVE WAVE) AND AFTER SUSTAINING ABOVE 4693 UPMOVE TOWARDS THE MINIMUM PROBABLE TARGET OF 6359 WILL CONFIRM. FOLLOWING EOD CHART IS CLEARLY SHOWING FORMATIONS:-
http://lh3.ggpht.com/_MdLrfnym5uc/Sm0i15kevUI/AAAAAAAAAQQ/xmxFcRzVaro/s400/TARGET%20OF%202ND%20WAVE.png
3RD WAVE(2ND IMPULSIVE) CALCULATIONS ARE AS FOLLOWS:-
1- 6 YEARS RALLY STARTED IN 2001 AFTER WORLD TRADE CENTRE ATTACK AND NIFTY WAS BELOW 1000.
2- THIS RALLY CATCH REAL MOMENTUM AFTER THE END OF IRAQ WAR IN APRIL 2004 AND THIS TIME ALSO NIFTY WAS BELOW 1000.
3- THIS RALLY TERMINATED IN 1ST HALF OF 2008 AT 6357.
4- THIS 6 YEARS RALLY CORRECTED IN 5 WAVES AND COMPLETED AT 2253 ON 27TH OCT. 2008.
5- MARKET CONSOLIDATED 5 MONTHS AND AFTER THAT CATCH MOMENTUM IN MARCH 2009. AS LOWEST OF ON GOING RALLY IS 2253 THEREFORE ALL THE CALCULATION WILL BE DONE FROM IT.
6- 1ST WAVE(1ST IMPULSIVE) STARTED FROM 2253 WHICH COMPLETED AT 4693 WITH THE GAIN OF 2440 POINTS.
7- 2ND WAVE(1ST CORRECTIVE) STARTED FROM 4693 WHICH COMPLETED AT 3919.
8- 3RD WAVE(2ND IMPULSIVE) STARTED FROM 3919 AND AS PER ELLIOT WAVE THEORY 3RD WAVE SHOULD NEVER BE SHORTER THAN BOTH 1ST WAVE AND 5TH WAVE. IT CLEARLY MEANS THAT 3RD WAVE WILL GAIN MINIMUM THOSE POINTS WHICH WAS GAINED BY 1ST WAVE.
9- AS 1ST WAVE GAINED 2440 POINTS THEREFORE 3RD WAVE WILL ALSO GAIN MINIMUM 2440 POINTS AND PROBABLE TARGET OF 3RD WAVE(2ND IMPULSIVE) WILL BE AS FOLLOWS:-
3919(3RD WAVE STARTING POINT)+2440=6359.
10- PREVIOUS ALL TIME HIGH IS AT 6357 AND AS PER THIS CALCULATION PROBABLE TARGET OF 3RD WAVE IS 6359 THEREFORE IT IS CLEAR THAT INDIAN MARKETS MAY TEST ALL TIME HIGH IN THIS RALLY.
MARKET CONSOLIDATED ON LAST FRIDAY, IT IS EXPECTED THAT CONSOLIDATION AND SLOW UPMOVE WITHIN RESISTANCE RANGE(4525-4693) WILL BE SEEN IN THE COMING SESSIONS. MARKETS MAY MOVE INTO LITTLE NEGATIVE ZONE OR CLOSE IN SMALL RED ALSO DURING CONSOLIDATIONS BUT THAT WILL NOT MEAN TREND REVERSAL BECAUSE FOR ANY TYPE OF DOWN MOVES GOOD SELLING REQUIRES AT THIS MOMENT AND I AM NOT EXPECTING DOWN MOVES.
AS GLOBAL CUES ARE POSITIVE THEREFORE SLOW UPMOVES WILL BE SEEN AFTER GREEN OPENING AND VOLATILE TRADING TODAY. GREEN OPENING AND GREEN CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)
http://lh3.ggpht.com/_MdLrfnym5uc/Sm0i15kevUI/AAAAAAAAAQQ/xmxFcRzVaro/s400/TARGET%20OF%202ND%20WAVE.png
3RD WAVE(2ND IMPULSIVE) CALCULATIONS ARE AS FOLLOWS:-
1- 6 YEARS RALLY STARTED IN 2001 AFTER WORLD TRADE CENTRE ATTACK AND NIFTY WAS BELOW 1000.
2- THIS RALLY CATCH REAL MOMENTUM AFTER THE END OF IRAQ WAR IN APRIL 2004 AND THIS TIME ALSO NIFTY WAS BELOW 1000.
3- THIS RALLY TERMINATED IN 1ST HALF OF 2008 AT 6357.
4- THIS 6 YEARS RALLY CORRECTED IN 5 WAVES AND COMPLETED AT 2253 ON 27TH OCT. 2008.
5- MARKET CONSOLIDATED 5 MONTHS AND AFTER THAT CATCH MOMENTUM IN MARCH 2009. AS LOWEST OF ON GOING RALLY IS 2253 THEREFORE ALL THE CALCULATION WILL BE DONE FROM IT.
6- 1ST WAVE(1ST IMPULSIVE) STARTED FROM 2253 WHICH COMPLETED AT 4693 WITH THE GAIN OF 2440 POINTS.
7- 2ND WAVE(1ST CORRECTIVE) STARTED FROM 4693 WHICH COMPLETED AT 3919.
8- 3RD WAVE(2ND IMPULSIVE) STARTED FROM 3919 AND AS PER ELLIOT WAVE THEORY 3RD WAVE SHOULD NEVER BE SHORTER THAN BOTH 1ST WAVE AND 5TH WAVE. IT CLEARLY MEANS THAT 3RD WAVE WILL GAIN MINIMUM THOSE POINTS WHICH WAS GAINED BY 1ST WAVE.
9- AS 1ST WAVE GAINED 2440 POINTS THEREFORE 3RD WAVE WILL ALSO GAIN MINIMUM 2440 POINTS AND PROBABLE TARGET OF 3RD WAVE(2ND IMPULSIVE) WILL BE AS FOLLOWS:-
3919(3RD WAVE STARTING POINT)+2440=6359.
10- PREVIOUS ALL TIME HIGH IS AT 6357 AND AS PER THIS CALCULATION PROBABLE TARGET OF 3RD WAVE IS 6359 THEREFORE IT IS CLEAR THAT INDIAN MARKETS MAY TEST ALL TIME HIGH IN THIS RALLY.
MARKET CONSOLIDATED ON LAST FRIDAY, IT IS EXPECTED THAT CONSOLIDATION AND SLOW UPMOVE WITHIN RESISTANCE RANGE(4525-4693) WILL BE SEEN IN THE COMING SESSIONS. MARKETS MAY MOVE INTO LITTLE NEGATIVE ZONE OR CLOSE IN SMALL RED ALSO DURING CONSOLIDATIONS BUT THAT WILL NOT MEAN TREND REVERSAL BECAUSE FOR ANY TYPE OF DOWN MOVES GOOD SELLING REQUIRES AT THIS MOMENT AND I AM NOT EXPECTING DOWN MOVES.
AS GLOBAL CUES ARE POSITIVE THEREFORE SLOW UPMOVES WILL BE SEEN AFTER GREEN OPENING AND VOLATILE TRADING TODAY. GREEN OPENING AND GREEN CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)
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