PRE-OPEN MARKET OUTLOOK(28-08-2009)

ALL TRENDS ARE UP. FOR ANY UP MOVE NIFTY HAS TO CROSS AND SUSTAIN ABOVE THE LAST RESISTANCE RANGE OF 4685-4715 BUT FORCE HAS BEEN SLOWED DOWN FOR THE LAST 3 TRADING SESSIONS AND INTRADAY CHARTS OF LAST 2 DAYS ARE ALSO SHOWING SELLING PATTERNS THEREFORE SHORT TERM CORRECTION IS EXPECTED. AS INTRADAY CHARTS SHOWED SELLING PATTERNS THEREFORE WE ARE SHORT AT PRESENT AND PROOF IS FOLLOWING PICTURE OF SMS.
NIFTY SHORTED AT 4700 ON 27-08-2009;-
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INDIAN MARKETS WILL OPEN WEAK AND IF NIFTY SUSTAINS BELOW 4630 AFTER LAST 2 DAYS SELLING AT HIGHER LEVELS THEN MORE WEAKNESS AND RED CLOSING WILL BE SEEN TODAY.

(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(27-08-2009)

ALL TRENDS ARE UP BUT SOME INTRADAY SELLING PATTERNS WERE VISIBLE YESTERDAY THEREFORE SOME DOWN MOVES ARE POSSIBLE TODAY. AS ALL TRENDS ARE BULLISH THEREFORE MORE SELLING IS MUST TODAY FOR ANY TYPE OF DOWN MOVES. AFTER WEAKER GLOBAL CUES AND NEGATIVE OPENING IF NIFTY IS SUSTAINING ABOVE 4630 THEN NO RISK TO RALLY AND AFTER SOME CONSOLIDATION RALLY WILL REMAIN CONTINUED. IF FOLLOW UP SELLING DEVELOPS TODAY THEN MORE DOWN MOVES WILL BE CONSIDERED. AS SOON AS SOME SELLING EMERGED YESTERDAY THEN I TOLD AT 11:45 AM YESTERDAY:-
"RANGE BOUND(4675-4694) TRADING SINCE MORNING AND MARKET IS TRADING ABOVE HALF PERCENT GAINS BUT PRODUCING MIXED INTRADAY PATTERNS THEREFORE TRADING SHOULD BE DONE AFTER MENTIONED RANGE BREAK OUT"
AFTER LITTLE SELLING SIGNALS I WAS CAUTIOUS THEREFORE I GAVE ONLY FOLLOWING NIFTY PUT BUYING CALL:-
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AFTER WEAKER OPENING TODAY INTRADAY CHARTS ANALYSIS IS MUST FOR FINAL VIEW ON TODAY CLOSING BECAUSE MARKET IS NOT TRENDING BUT RANGE BOUND AND PREPARING FOR NEXT MOVES. AS AND WHEN TODAY CLOSING WILL BE FINALISED WILL BE POSTED. AS FAR AS TRENDS ARE CONCERNED ALL ARE BULLISH AND YESTERDAY SOME SELLING MAY GIVE A DIP ONLY AND FOR CONFIRMED DOWN MOVES FOLLOW UP SELLING IS MUST TODAY THEREFORE WILL BE BETTER TO ANALYSE TODAY INTRADAY CHARTS FOR FINAL CONCLUSIONS.IF NIFTY SUSTAINS BELOW 4630 AFTER YESTERDAY SELLING AT HIGHER LEVELS AND AFTER WEAKER GLOBAL CUES TODAY THEN MORE DOWN MOVES AND TODAY RED CLOSING WILL BE SEEN TODAY.
(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(26-08-2009)

ALL TRENDS ARE UP AND INDIAN MARKETS ARE NEAR THE TOP OF LAST ONE MONTH RANGE(4353-4731). INDIAN MARKETS TESTED LOWEST OF THE RANGE 5 DAYS BACK AND NOW READY TO TEST ITS TOP. NIFTY SUSTAINED ALMOST WHOLE DAY YESTERDAY ABOVE 4645 AND NOW SET FOR ZOOMING UP. ONLY RESISTANCE RANGE OF THIS RALLY LEFT IS 4685-4715 THEREFORE MORE CONSOLIDATIONS REQUIRE IN THE COMING SESSIONS AND AFTER THIS NIFTY IF NIFTY CROSS BY FORCE 4715 AND SUSTAIN ABOVE IT THEN STRONG AND FAST RALLY WILL BE SEEN IN INDIAN MARKETS BECAUSE TRENDS ARE BULLISH FROM ALL TECHNICAL POINTS. AS INDIAN MARKETS ARE RANGE BOUND FOR THE LAST 3 MONTHS THEREFORE FURTHER CONSOLIDATION,BREAK OUT BY FORCE AND SUSTAINABILITY ABOVE 4715 IS MUST IN THE COMING SESSIONS FOR NEXT RALLY.

AFTER US AND EUROPEAN MARKETS FLAT CUES MAJORITY ASIAN MARKETS ARE IN GREEN AT THIS MOMENT AND GIVING POSITIVE SIGNALS THEREFORE POSITIVE OPENING WILL BE SEEN AND GREEN CLOSING IS ALSO EXPECTED TODAY. AS GOOD BUYING WAS SEEN YESTERDAY AND IF THIS TREND REMAINS CONTINUED TODAY THEN RALLY WILL BE SEEN. AS I AM CAUTIOUS THEREFORE BOUGHT ONLY NIFTY CALL OPTIONS YESTERDAY AND POSITIONS WILL BE INCREASED AFTER GETTING BREAK OUT CONFIRMATIONS. FOR NIFTY CALL OPTIONS BUYING PROOF JUST CLICK LINK;-

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(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(25-08-2009)

ALL TRENDS ARE UP AND INDIAN MARKETS CLOSED WITH GOOD GAINS YESTERDAY ON THE BACK OF STRONG GLOBAL CUES. I AM CONTINUOUSLY TELLING FOR THE LAST MANY SESSIONS AND ALSO EXPRESSED IN DETAILS THAT INDIAN MARKETS ARE RANGE BOUND FOR THE LAST THREE MONTHS AND NEXT CONFIRMATION WILL COME AFTER BREAK OUT OF THIS RANGE. UNTIL NIFTY IS WITHIN TRADING RANGE TILL THEN TRADING TARGETS SHOULD BE WITHIN RANGE AND STOP LOSS MUST BE STRICTLY KEPT A LITTLE ABOVE TRADING RANGE(FOR SHORT SELLERS) AND A LITTLE BELOW TRADING RANGE(FOR BUYERS). MORE BROADER TRADING RANGE IS (3919-4731) AND LESS BROADER TRADING RANGE IS (4353-4731).AS INDIAN MARKETS GOT SEVERAL TIMES VERY GOOD SUPPORT NEAR 4360 THEREFORE 4353-4731 SHOULD BE USED FOR TREND CONFIRMATIONS.

NIFTY TRADED WITHIN 4600-4645 MOST OF THE TIME YESTERDAY AND SHOULD TRADE FIRST WITHIN THIS RANGE TODAY AFTER LITTLE WEAK OPENING. AS ALL TRENDS ARE UP AND IF NIFTY CONSOLIDATES WITHIN THIS RANGE TODAY THEN IT WILL BE STRONG SIGNAL FOR CONTINUATION OF ON GOING UP MOVES. AS PER MY VIEW TODAY INTRADAY CHARTS WITHIN YESTERDAY RANGE WILL BE CRUCIAL TO DECIDE NEXT MOVES. VERY CLEARLY IF NIFTY SUSTAINS FINALLY ABOVE 4645 THEN WILL TEST 4731 AND STRONG RALLY ABOVE 4731 POSSIBILITIES WILL ALSO INCREASE. IF NIFTY SUSTAINS BELOW 4600 THEN LEVELS NEAR 4353 MAY BE TESTED.

AS MARKETS ARE RANGE BOUND AND HAVE TO PREPARE FOR A MOVE THEREFORE FIRST 2-3 HOURS INTRADAY CHARTS ANALYSIS IS MUST FOR DECIDING NEXT MOVES AND TODAY CLOSING. AS AND WHEN FINAL CONCLUSIONS WILL BE DRAWN WILL BE POSTED ACCORDINGLY IN MID-SESSION OUTLOOKS. FOR CONFIRMATION OF NEXT VERY SHORT TERM TREND 4600-4645 SHOULD WATCHED.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(24-08-2009)

ALL TRENDS ARE UP IN INDIAN MARKETS AFTER GOOD RECOVERY LAST FRIDAY. ALL THE EUROPEAN AND US MARKETS CLOSED WITH GOOD GAINS LAST FRIDAY AND AND WITH THIS COMPLETED CORRECTIONS AS WELL AS CLOSED AT 6 MONTHS HIGHST. ALL THE ASIAN MARKETS ARE BLASTING TODAY MORNING AFTER GETTING THIS MOST POSITIVE SIGNAL AND INDIAN MARKETS WILL RESPOND IT WITH GAP UP OPENING AND COUNTER FIRST STRONG RESISTANCE RANGE OF 4580-4610. IF NIFTY SUSTAINS ABOVE 4610 THEN IT WILL BE MOST POSITIVE SIGNAL FOR INDIAN MARKETS AND IN THAT SITUATION TESTING AS WELL AS CROSSING OF THIS RANGE HIGHEST OF 4731 WILL DEVELOP.
ON GOING RALLY IS IN CORRECTIVE PHASE AT THIS MOMENT AND CORRECTION IS GOING ON WITHIN THE RANGE OF 3919-4731 FOR THE LAST 3 MONTHS. SUPPORTS AND RESISTANCES WITHIN THIS RANGE IS CLEAR IN FOLLOWING EOD CHART:-
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GLOBAL CUES ARE EXTREMELY POSITIVE TODAY MORNING AND AFTER GAP UP OPENING GREEN CLOSING WILL BE SEEN AND IS NIFTY SUSTAINS ABOVE 4610 FINALLY THEN THAT WILL BE THE MOST BULLISH SIGNAL FOR INDIAN MARKETS AND POSSIBILITIES OF CROSSING 4731 WILL INCREASE.
(LALIT KUMAR DHINGRA)