I CLEARLY TOLD FOR THE LAST 2 DAYS THAT INDIAN MARKETS ARE RANGE BOUND WITHIN BROADER RANGE(4360-4720) AND ALSO GAVE LAST 3 DAYS RANGE(4350-4500). AS I TOLD NIFTY TRADED WHOLE DAY WITHIN LAST 3 DAYS RANGE YESTERDAY AND PASSED MOST OF THE TIME WITHIN 4350-4390. BREAKING OUT BY FORCE AND SUSTAINABILITY OF FOLLOWING RANGES WILL FIRST GIVE INDICATION AND THEN FINAL CONFIRMATION OF NEXT MOVES;-
1- YESTERDAY RANGE(4350-4390)
2- LAST 4 DAYS RANGE(4350-4500)
3- LAST 24 SESSIONS BROADER RANGE(4360-4720)
AS GLOBAL CUES ARE MIXED THEREFORE AFTER FLAT TO WEAK OPENING NIFTY WILL TRADE FIRST WITHIN YESTERDAY RANGE AND PREPARE FOR NEXT MOVES. MY VIEW IS BEARISH AND EXPECTING RED CLOSING TODAY BECAUSE INTRADAY CHARTS OF MANY STOCKS OF YESTERDAY ARE SHOWING SELLING PATTERNS THEREFORE IF NIFTY SUSTAINS BELOW 4350 THEN SOME DOWN MOVES AND TESTING OF LOWER LEVELS OF BROADER RANGE WILL BE SEEN.
(LALIT KUMAR DHINGRA)
Friday, August 21, 2009
Thursday, August 20, 2009
PRE-OPEN MARKET OUTLOOK(20-08-2009)
INDIAN MARKETS ARE RANGE BOUND(4350-4500) FOR THE LAST 3 DAYS AT THE LOWER LEVELS OF BROADER RANGE(4360-4720) AFTER GOOD SELLING AT HIGHER LEVELS. INTRADAY CHARTS FORMATIONS WITHIN THIS RANGE WILL GIVE FIRST INDICATION AND BREAK OUT OF THIS RANGE WILL GIVE CONFIRMATION OF NEXT MOVE. ALTHOUGH SOME SELLING WITHIN LAST 3 DAYS RANGE BUT NOT SUFFICIENT THEREFORE IT IS EXPECTED THAT NIFTY WILL PASS FEW MORE SESSIONS WITHIN THIS RANGE AND PREPARE FOR NEXT MOVE. SELLING OF NEXT SESSIONS WITHIN THIS RANGE WILL MEAN SHARP FALL TO TEST 4200 AND BUYING WILL MEAN SLOW UP MOVE WITH CONSOLIDATION. MONSOON,SWINE FLU AND GLOBAL MARKETS WILL DECIDE NEXT BIG MOVES AND BREAK OUT OF BROADER RANGE OF INDIAN MARKETS.
I AM TELLING FOR THE LAST FEW SESSIONS FOR THE LOWER LEVEL OF 4360 AND NIFTY GOT INTRADAY SUPPORT EXACTLY AT THIS LEVEL YESTERDAY. AS MARKET IS RANGE BOUND AND PREPARING THEREFORE CONFIRMATION OF POSITIONS FROM TODAY INTRADAY CHARTS FORMATIONS ARE MORE IMPORTANT THAN TODAY CLOSING. FINAL CONCLUSIONS WILL BE POSTED AFTER CONFIRMATIONS EITHER FOR RED/ GREEN CLOSING OR MARKET PREPERATIONS.
(LALIT KUMAR DHINGRA)
I AM TELLING FOR THE LAST FEW SESSIONS FOR THE LOWER LEVEL OF 4360 AND NIFTY GOT INTRADAY SUPPORT EXACTLY AT THIS LEVEL YESTERDAY. AS MARKET IS RANGE BOUND AND PREPARING THEREFORE CONFIRMATION OF POSITIONS FROM TODAY INTRADAY CHARTS FORMATIONS ARE MORE IMPORTANT THAN TODAY CLOSING. FINAL CONCLUSIONS WILL BE POSTED AFTER CONFIRMATIONS EITHER FOR RED/ GREEN CLOSING OR MARKET PREPERATIONS.
(LALIT KUMAR DHINGRA)
Wednesday, August 19, 2009
PRE-OPEN MARKET OUTLOOK(19-08-2009)
LONG TERM TREND IS UP,SHORT TERM IS DOWN AND INTERMEDIATE TERM IS UP ABOVE 4360 AND IF NIFTY SUSTAINS BELOW IT THEN WILL BE DOWN. INDIAN MARKETS ARE TRADING WITHIN BROADE RANGE OF (4360-4720) AND THIS RANGE BREAK OUT WILL GIVE BIG MOVE TO INDIAN MARKETS. GOOD SELLING AT HIGHER LEVELS THEREFORE COMPLETE CONSOLIDATION IS REQUIRED FOR ANY UPSIDE BREAK OUT. ALTHOUGH MY VIEW IS BEARISH BUT WOULD LIKE TO GET MORE CONFIRMATIONS AND IF FRESH SELLING DEVELOPES THEN MORE DOWN MOVES AND BREAK DOWN POSSIBILITIES OF 4380 WILL INCREASE.
IT IS EXPECTED THAT TODAY TRADING RANGE WILL BE 4360-4485 AND 4420-4485 WILL GIVE FIRST INDICATION TO INDIAN MARKETS NEXT MOVE. I AM EXPECTING DOWN MOVES AFTER SOME RANGE BOUND TRADING IN THE COMING SESSIONS. FLAT OPEN AND AFTER THAT TRADING WITHIN 4420-4485 IS EXPECTED. FOR TODAY MORE IMPORTANT IS INTRADAY CHARTS FORMATION BECAUSE THAT WILL GIVE DIRECTION TO NEXT BIG MOVE. AS MARKET IS IN PREPERATION MODE AND CONFIRMATION IS REQUIRED FROM INTRADAY CHARTS FOR NEXT MOVE THEREFORE ANALYSIS OF FIRST 3 HOURS INTRADAY CHARTS IS MUST FOR DECIDING NEXT MOVE.
(LALIT KUMAR DHINGRA)
IT IS EXPECTED THAT TODAY TRADING RANGE WILL BE 4360-4485 AND 4420-4485 WILL GIVE FIRST INDICATION TO INDIAN MARKETS NEXT MOVE. I AM EXPECTING DOWN MOVES AFTER SOME RANGE BOUND TRADING IN THE COMING SESSIONS. FLAT OPEN AND AFTER THAT TRADING WITHIN 4420-4485 IS EXPECTED. FOR TODAY MORE IMPORTANT IS INTRADAY CHARTS FORMATION BECAUSE THAT WILL GIVE DIRECTION TO NEXT BIG MOVE. AS MARKET IS IN PREPERATION MODE AND CONFIRMATION IS REQUIRED FROM INTRADAY CHARTS FOR NEXT MOVE THEREFORE ANALYSIS OF FIRST 3 HOURS INTRADAY CHARTS IS MUST FOR DECIDING NEXT MOVE.
(LALIT KUMAR DHINGRA)
Tuesday, August 18, 2009
PRE-OPEN MARKET OUTLOOK(18-08-2009)
LONG TERM AND INTERMEDIATE TERM TRENDS ARE STILL UP AFTER YESTERDAY SHARP FALL AND AS I TOLD FOR INDIAN MARKETS REMAINING IN BROADER RANGE(4360-4720) SAME WAS MAINTAINED BY MARKET YESTERDAY. UNTIL NIFTY IS WITHIN THIS RANGE AND SUSTAINING ABOVE 4360 TILL THEN UP TRENDS ARE SAFE. AS GOOD SELLING AT HIGHER LEVELS THEREFORE FOR ANY UPMOVE GOOD CONSOLIDATION REQUIRES NEAR 4400 THEREFORE TRADING NEAR THIS LEVEL REQUIRES COMPLETE ATTENTION. IF NIFTY SUSTAINS ABOVE 4400 THEN WILL TRY TO TEST RESISTANCES AT HIGHER LEVELS AND IF NIFTY SUSTAINS BELOW 4400 AND MOVE BELOW 4360 THEN THAT WILL CERTAINLY BE REAL PROBLEMSOME FOR BULLISH MOVES BECAUSE WITH THIS INTERMEDIATE TERM TREND WILL TURN DOWNWARD AND INDIAN MARKETS WILL REMAIN IN DOWN TREND FOR LONGER PERIOD.
TODAY IS THE DAY WHEN INDIAN MARKETS WILL PREPARE FOR A MOVE BETWEEN 4370-4410 AND BREAK OUT OF THIS RANGE WILL BE THE FIRST SIGNAL FOR NEFT MOVE. AS PER MY VIEW TODAY IS A PREPERATION DAY AND GLOBAL CUES ARE ALSO QUIET THEREFORE AFTER FLAT OPENING NIFTY WILL TRADE FIRST BETWEEN 4370-4410 AND WHICH SIDE NIFTY WILL SUSTAIN ON THAT SIDE MOVES IN FOLLOWING MANNER WILL BE SEEN;-
1- ABOVE 4410 FAST MOVE MAY BE UPTO 4550 THEN THERE WILL BE RESISTANCES BETWEEN 4570-4600 AND THEN NEAR 4700.
2- BELOW 4370 IF NIFTY SUSTAINS BELOW 4360 THEN SHARP FALL WILL BE SEEN.
FOR NEXT TRADING SESSIONS WATCH 4370-4410 AND TRADE ACCORDING TO BREAK OUT OF THIS RANGE.
(LALIT KUMAR DHINGRA)
TODAY IS THE DAY WHEN INDIAN MARKETS WILL PREPARE FOR A MOVE BETWEEN 4370-4410 AND BREAK OUT OF THIS RANGE WILL BE THE FIRST SIGNAL FOR NEFT MOVE. AS PER MY VIEW TODAY IS A PREPERATION DAY AND GLOBAL CUES ARE ALSO QUIET THEREFORE AFTER FLAT OPENING NIFTY WILL TRADE FIRST BETWEEN 4370-4410 AND WHICH SIDE NIFTY WILL SUSTAIN ON THAT SIDE MOVES IN FOLLOWING MANNER WILL BE SEEN;-
1- ABOVE 4410 FAST MOVE MAY BE UPTO 4550 THEN THERE WILL BE RESISTANCES BETWEEN 4570-4600 AND THEN NEAR 4700.
2- BELOW 4370 IF NIFTY SUSTAINS BELOW 4360 THEN SHARP FALL WILL BE SEEN.
FOR NEXT TRADING SESSIONS WATCH 4370-4410 AND TRADE ACCORDING TO BREAK OUT OF THIS RANGE.
(LALIT KUMAR DHINGRA)
Monday, August 17, 2009
PRE-OPEN MARKET OUTLOOK(17-08-2009)
AS ALL TRENDS ARE UP THEREFORE I TOLD THESE LINES LAST FRIDAY:-"AS PER MY VIEW INDIAN MARKETS WILL REMAIN RANGE BOUND IN THE BROADER RANGE(4360-4720) IN THE COMING SESSIONS BECAUSE THERE IS GOOD SELLING BETWEEN 4660-4720 AND BUYING BETWEEN 4360-4420"
INTRADAY CHARTS WITHIN THIS RANGE(4360-4720) WILL DECIDE NOW THE SIDE OF BREAK OUT AND BREAK OUT SIDE OF THIS RANGE WILL GIVE BIG MOVE IN THE DIRECTION OF BREAK OUT.NOW ONLY INTRADAY CHARTS OF COMING SESSIONS WILL SECIDE THE DIRECTION OF BREAK OUT. GENUINE SELLING FORMATIONS LAST FRIDAY CONFIRMING FIRSTLY DOWN MOVE. AS LAST FRIDAY WAS BUSY DAY FOR ME AND I COULD NOT POST MID-SESSION OUTLOOKS BUT FOLLOWING SMS WILL PROOVE THAT I WAS BEARISH ON INDIAN MARKETS WITHIN FIRST 5 MINUTES AND AFTER BOOKING PROFIT I AGAIN GAVE NIFTY F&O SHORTING CALL WHICH WAS ROLLED OVER AND WILL GIVE GOOD PROFITS AFTER GAP DOWN OPENING TODAY.JUST CLICK SMS PICTURE LINK AND VERIFY MY ABOVE STATEMENT ON YOURS OWN;-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1250362718598&aid=1234097281$pid=1250362718598
AFTER GENUINE SELLING OF 14-08-2009 GLOBAL CUES ARE ALSO BEARISH TODAY THEREFORE INDIAN MARKETS WILL OPEN GAP DOWN AS WELL AS CLOSE IN RED TODAY BUT REAL CONCERN IS ON GOING UPTREND. UNTIL NIFTY IS ABOVE 4360 TILL THEN INTERMEDIATE TREND IS SAFE AND AS PER MY VIEW INDIAN MARKETS WILL REMAIN WILL REMAIN RANGE BOUND IN THE BROADER RANGE(4360-4720) IN THE COMING SESSIONS. UNTIL INDIAN MARKETS ARE RANGE BOUND TILL THEN TRADERS MAY TRADE FOR TARGETS WITHIN THIS RANGE.
(LALIT KUMAR DHINGRA)
INTRADAY CHARTS WITHIN THIS RANGE(4360-4720) WILL DECIDE NOW THE SIDE OF BREAK OUT AND BREAK OUT SIDE OF THIS RANGE WILL GIVE BIG MOVE IN THE DIRECTION OF BREAK OUT.NOW ONLY INTRADAY CHARTS OF COMING SESSIONS WILL SECIDE THE DIRECTION OF BREAK OUT. GENUINE SELLING FORMATIONS LAST FRIDAY CONFIRMING FIRSTLY DOWN MOVE. AS LAST FRIDAY WAS BUSY DAY FOR ME AND I COULD NOT POST MID-SESSION OUTLOOKS BUT FOLLOWING SMS WILL PROOVE THAT I WAS BEARISH ON INDIAN MARKETS WITHIN FIRST 5 MINUTES AND AFTER BOOKING PROFIT I AGAIN GAVE NIFTY F&O SHORTING CALL WHICH WAS ROLLED OVER AND WILL GIVE GOOD PROFITS AFTER GAP DOWN OPENING TODAY.JUST CLICK SMS PICTURE LINK AND VERIFY MY ABOVE STATEMENT ON YOURS OWN;-
http://www.orkut.co.in/Main#AlbumZoom.aspx?uid=15126964664090279701&pid=1250362718598&aid=1234097281$pid=1250362718598
AFTER GENUINE SELLING OF 14-08-2009 GLOBAL CUES ARE ALSO BEARISH TODAY THEREFORE INDIAN MARKETS WILL OPEN GAP DOWN AS WELL AS CLOSE IN RED TODAY BUT REAL CONCERN IS ON GOING UPTREND. UNTIL NIFTY IS ABOVE 4360 TILL THEN INTERMEDIATE TREND IS SAFE AND AS PER MY VIEW INDIAN MARKETS WILL REMAIN WILL REMAIN RANGE BOUND IN THE BROADER RANGE(4360-4720) IN THE COMING SESSIONS. UNTIL INDIAN MARKETS ARE RANGE BOUND TILL THEN TRADERS MAY TRADE FOR TARGETS WITHIN THIS RANGE.
(LALIT KUMAR DHINGRA)
Subscribe to:
Posts (Atom)
