ALL TRENDS ARE UP. INDIAN MARKETS ARE CLOSING WITHIN 15 POINTS(4808-4820) FOR THE LAST 3 DAYS AFTER 3 MONTHS RANGE BREAK OUT AND IT CLEARLY MEANS THAT INDIAN MARKETS ARE PREPARING FOR NEXT BIG MOVE. ALTHOUGH 3 DAYS CLOSING ABOVE BREAK OUT LEVELS IS TECHNICALLY SUFFICIENT FOR BREAK OUT CONFIRMATION BUT FOR PRECAUTION SUSTAINING AND CLOSING ABOVE 4840 WILL BE 100% SURE CONFIRMATION FOR A STRONG UP MOVE FROM HERE.MY VIEW IS BULLISH BUT MANY STOCKS INTRADAY CHARTS ARE SHOWING SELLING PATTERNS THEREFORE I AM SUGGESTING FOR GETTING ABOVE CONFIRMATION. INDIAN MARKETS COULD NOT SUSTAINED AT HIGHER LEVELS YESTERDAY AND CLOSED AT LOWEST LEVELS YESTERDAY BUT THAT ALSO DOES NOT MEAN ANY HARM TO UPTREND BECAUSE IT ALSO HAPPENS DURING CONSOLIDATION. IIP DATA WILL BE DECLARED TODAY THEREFORE MARKETS MAY BE VOLATILE AND WITHIN THIS DEVELOPMENT IT HAS TO BE SEEN THAT NIFTY IS SUSTAING ABOVE 4840 OR NOT. IT IS EXPECTED THAT NIFTY WILL SUSTAIN AND CLOSE ABOVE 4840 TODAY AS WELL AS ON GOING RALLY WILL REMAIN CONTINUED AFTER SOME CONSOLIDATIONS BUT FOR PRECAUTION WATCH 4840.
CUES ARE POSITIVE FROM GLOBAL MARKETS THEREFORE INDIAN MARKETS WILL OPEN POSITIVE AND EXPECTED THAT WILL CLOSE IN GREEN AFTER SUSTAINING ABOVE 4840 TODAY.
(LALIT KUMAR DHINGRA)
Friday, September 11, 2009
Thursday, September 10, 2009
PRE-OPEN MARKET OUTLOOK(10-09-2009)
3RD WAVE(2ND IMPULSIVE WAVE) IS ON AFTER THE COMPLETION OF INTERMEDIATE CORRECTION OF 1ST WAVE. I TOLD MANY TIMES FOR ON GOING RALLY IN MY PREVIOUS OUTLOOKS. JUST CLICK FOLLOWING LINK OF MY 27-07-2009 OUTLOOK FOR MINIMUM TARGET OF 3RD WAVE:-
http://www.orkut.co.in/Main#CommMsgs?cmm=34695909&tid=5362873148611015524
I CLEARLY TOLD YESTERDAY:-"NIFTY WILL FIRST CONSOLIDATE NEAR 4800 AND AFTER THAT MOVE UP TOWARDS 4840 AND WILL MOVE UP FINALLY AFTER SOME CONSOLIDATION NEAR 4840."
NIFTY CONSOLIDATED WHOLE DAY YESTERDAY NEAR 4800 AND WILL TRADE TODAY 4840 TODAY. I AM NOT TELLING IT AFTER WATCHING STRONG GLOBAL MARKETS AND SGX NIFTY TRADING +50 BUT I TOLD FOR TODAY UP MOVE AT 04:01 PM YESTERDAY IN THE FUTURE OUTLOOK OF POST CLOSING REPORT(08-09-2009):- FOR PROOF JUST CLICK LINK;-
http://www.orkut.co.in/Main#AlbumZoom?uid=15126964664090279701&pid=1252550689730&aid=1234097281$pid=1252550689730
RALLY IS ON AND IT IS EXPECTED THAT INDIAN MARKETS WILL STAY SOME TIME WITHIN RESISTANCE RANGES THEREFORE NEXT RESISTANCE RANGES ARE AS FOLLOWS:-
1- 4870-4940
2- 5120-5160
3- 5200-5250
AS PER MY VIEW CONSOLIDATION REQUIRES AT EVERY RESISTANCE RANGE THEREFORE MARKET WILL STAY SOMETIME WITHIN OR BEAR ABOUT RESISTANCE RANGES AND MOVE UP AFTER CONSOLIDATION.RESISTANCE RANGE OF 5200-5250 IS STRONG AND NIFTY WILL TAKE COMPLETE TIME WITHIN THIS RANGE FOR CONSOLIDATION.IT IS ALSO EXPECTED THAT INDIAN MARKETS MAY REMAIN RANGE BOUND FOR MONTHS WITHIN THIS RANGE.
(CONTD.IN PART 2)
http://www.orkut.co.in/Main#CommMsgs?cmm=34695909&tid=5362873148611015524
I CLEARLY TOLD YESTERDAY:-"NIFTY WILL FIRST CONSOLIDATE NEAR 4800 AND AFTER THAT MOVE UP TOWARDS 4840 AND WILL MOVE UP FINALLY AFTER SOME CONSOLIDATION NEAR 4840."
NIFTY CONSOLIDATED WHOLE DAY YESTERDAY NEAR 4800 AND WILL TRADE TODAY 4840 TODAY. I AM NOT TELLING IT AFTER WATCHING STRONG GLOBAL MARKETS AND SGX NIFTY TRADING +50 BUT I TOLD FOR TODAY UP MOVE AT 04:01 PM YESTERDAY IN THE FUTURE OUTLOOK OF POST CLOSING REPORT(08-09-2009):- FOR PROOF JUST CLICK LINK;-
http://www.orkut.co.in/Main#AlbumZoom?uid=15126964664090279701&pid=1252550689730&aid=1234097281$pid=1252550689730
RALLY IS ON AND IT IS EXPECTED THAT INDIAN MARKETS WILL STAY SOME TIME WITHIN RESISTANCE RANGES THEREFORE NEXT RESISTANCE RANGES ARE AS FOLLOWS:-
1- 4870-4940
2- 5120-5160
3- 5200-5250
AS PER MY VIEW CONSOLIDATION REQUIRES AT EVERY RESISTANCE RANGE THEREFORE MARKET WILL STAY SOMETIME WITHIN OR BEAR ABOUT RESISTANCE RANGES AND MOVE UP AFTER CONSOLIDATION.RESISTANCE RANGE OF 5200-5250 IS STRONG AND NIFTY WILL TAKE COMPLETE TIME WITHIN THIS RANGE FOR CONSOLIDATION.IT IS ALSO EXPECTED THAT INDIAN MARKETS MAY REMAIN RANGE BOUND FOR MONTHS WITHIN THIS RANGE.
(CONTD.IN PART 2)
Wednesday, September 9, 2009
PRE-OPEN MARKET OUTLOOK(09-09-2009)
ALL TRENDS ARE UP. INDIAN MARKETS BROKEN OUT 3 MONTHS RANGE ON 07-09-2009 AND IT IS MOST BULLISH SIGNAL FOR INDIAN MARKETS. IF NIFTY SUSTAINS ABOVE 4750 IN THE COMING COUPLE OF SESSIONS THEN THAT WILL BE CONFIRMATION OF 3RD WAVE MOVEMENT AND ITS MINIMUM TARGETS I HAVE ALREADY DESCRIBED IN MY PREVIOUS OUTLOOKS.
NIFTY TRADED BETWEEN 3790-3840 YESTERDAY AFTER GAP UP OPEN BUT COULD NOT SUSTAINED AT HIGHER LEVELS AFTER SOME PROFIT BOOKING AND CLOSED NEAR LOWER LEVELS. ALTHOUGH US MARKETS CLOSED POSITIVE YESTERDAY BUT ASIAN MARKETS ARE IN RED THEREFORE SENTIMENT DAMPENED TODAY MORNING AND NIFTY SHOULD TRADE FIRST NEAR 4800 AFTER ALMOST FLAT OPENING TODAY. AS SOME PROFIT BOOKING WAS SEEN AT HIGHER LEVELS YESTERDAY THEREFORE CONSOLIDATION REQUIRES IN THE COMING SESSIONS. IT IS EXPECTED THAT NIFTY WILL FIRST CONSOLIDATE NEAR 4800 AND AFTER THAT MOVE UP TOWARDS 4840 AND WILL MOVE UP FINALLY AFTER SOME CONSOLIDATION NEAR 4840.
GREEN CLOSING IS EXPECTED AFTER ALMOST FLAT OPENING BUT INDIAN MARKETS HAVE TO CONSOLIDATE TODAY THEREFORE TODAY MARKET PREPERATIONS AND POSITIONING IS MORE IMPORTANT BECAUSE DURING CONSOLIDATION MARKETS MAY MOVE,TRADE AND CLOSE ALSO IN NEGATIVE ZONE BUT INTRADAY CHARTS BULLISH FORMATIONS ARE MORE IMPORTANT FOR COMING UP TRENDS.
IT IS EXPECTED THAT INDIAN MARKETS WILL CONSOLIDATE NEAR ABOUT YESTERDAY RANGE IN THE COMING SESSIONS AND NIFTY WILL FINALLY TRADE AND SUSTAIN ABOVE 4840. UNTIL NIFTY IS ABOVE 4750 UPTREND IS VERY MUCH SAFE.
(LALIT KUMAR DHINGRA)
NIFTY TRADED BETWEEN 3790-3840 YESTERDAY AFTER GAP UP OPEN BUT COULD NOT SUSTAINED AT HIGHER LEVELS AFTER SOME PROFIT BOOKING AND CLOSED NEAR LOWER LEVELS. ALTHOUGH US MARKETS CLOSED POSITIVE YESTERDAY BUT ASIAN MARKETS ARE IN RED THEREFORE SENTIMENT DAMPENED TODAY MORNING AND NIFTY SHOULD TRADE FIRST NEAR 4800 AFTER ALMOST FLAT OPENING TODAY. AS SOME PROFIT BOOKING WAS SEEN AT HIGHER LEVELS YESTERDAY THEREFORE CONSOLIDATION REQUIRES IN THE COMING SESSIONS. IT IS EXPECTED THAT NIFTY WILL FIRST CONSOLIDATE NEAR 4800 AND AFTER THAT MOVE UP TOWARDS 4840 AND WILL MOVE UP FINALLY AFTER SOME CONSOLIDATION NEAR 4840.
GREEN CLOSING IS EXPECTED AFTER ALMOST FLAT OPENING BUT INDIAN MARKETS HAVE TO CONSOLIDATE TODAY THEREFORE TODAY MARKET PREPERATIONS AND POSITIONING IS MORE IMPORTANT BECAUSE DURING CONSOLIDATION MARKETS MAY MOVE,TRADE AND CLOSE ALSO IN NEGATIVE ZONE BUT INTRADAY CHARTS BULLISH FORMATIONS ARE MORE IMPORTANT FOR COMING UP TRENDS.
IT IS EXPECTED THAT INDIAN MARKETS WILL CONSOLIDATE NEAR ABOUT YESTERDAY RANGE IN THE COMING SESSIONS AND NIFTY WILL FINALLY TRADE AND SUSTAIN ABOVE 4840. UNTIL NIFTY IS ABOVE 4750 UPTREND IS VERY MUCH SAFE.
(LALIT KUMAR DHINGRA)
Tuesday, September 8, 2009
PRE-OPEN MARKET OUTLOOK(08-09-2009)
INDIAN MARKETS BROKEN OUT YESTERDAY AND CLOSED ABOVE 3 MONTHS RANGE.TECHNICALLY CONFIRMATION COMES AFTER 3 DAYS CLOSING ABOVE BREAK OUT POINT BUT I WOULD SAY CONSOLIDATION PATTERNS AND SUSTAINING ABOVE 3450 IN NEXT COUPLE OF SESSIONS WILL CONFIRM BREAK OUT AND 3RD WAVE(2ND IMPULSIVE WAVE). JUST CLICK FOLLOWING LINK OF MY 27-07-2009 OUTLOOK OF MINIMUM TARGET OF 3RD WAVE:-
http://www.orkut.co.in/Main#CommMsgs?cmm=34695909&tid=5362873148611015524
INDIAN MARKETS CORRECTED 3 MONTHS AND NOW PREPARED FOR RALLY.RETRACE MENT LEVELS OF 2008 FALL AND NEXT TARGETS FROM FIBONACCI LEVELS ARE CLEAR IN THE FOLLOWING EOD CHART;-
http://lh5.ggpht.com/_MdLrfnym5uc/SqXN3eNqynI/AAAAAAAAARY/KObH5lOfCxY/s400/CHARTS.png
NEXT RESISTANCE RANGES ARE AS FOLLOWS:-
1- 4870-4940
2- 5120-5160
3- 5200-5250
SOME VOLTALITY AND TRADING NEAR OR BELOW YESTERDAY CLOSING IS POSSIBLE TODAY. RALLY WILL REMAIN CONTINUED AFTER SOME CONSOLIDATION IN NEXT COUPLE OF SESSIONS. POSITIVE OPENING AND CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)
http://www.orkut.co.in/Main#CommMsgs?cmm=34695909&tid=5362873148611015524
INDIAN MARKETS CORRECTED 3 MONTHS AND NOW PREPARED FOR RALLY.RETRACE MENT LEVELS OF 2008 FALL AND NEXT TARGETS FROM FIBONACCI LEVELS ARE CLEAR IN THE FOLLOWING EOD CHART;-
http://lh5.ggpht.com/_MdLrfnym5uc/SqXN3eNqynI/AAAAAAAAARY/KObH5lOfCxY/s400/CHARTS.png
NEXT RESISTANCE RANGES ARE AS FOLLOWS:-
1- 4870-4940
2- 5120-5160
3- 5200-5250
SOME VOLTALITY AND TRADING NEAR OR BELOW YESTERDAY CLOSING IS POSSIBLE TODAY. RALLY WILL REMAIN CONTINUED AFTER SOME CONSOLIDATION IN NEXT COUPLE OF SESSIONS. POSITIVE OPENING AND CLOSING IS EXPECTED TODAY.
(LALIT KUMAR DHINGRA)
Monday, September 7, 2009
PRE-OPEN MARKET OUTLOOK(07-09-2009)
ALL TRENDS ARE UP NOW AFTER LAST FRIDAY RECOVERY AND NIFTY GOT SUPPORT AT THAT RISING TREND LINE WHICH IS DRAWN FROM THE MOMENTUM DAY OF THIS RALLY ON 06-03-2009.IT MEANS THAT ONGOING UPTREND IS INTACT. STRNGTH OF THIS RALLY IS CLEAR FROM THE FOLLOWING NIFTY EOD CHART.
http://lh3.ggpht.com/_MdLrfnym5uc/SqRM8DVWjiI/AAAAAAAAARQ/-jF0s1Pu494/s400/SUPPORT%20%26%20RESISTANCE.png
CONCLUSIONS FROM ABOVE CHART:-
1- NIFTY MADE 3 HIGHER BOTTOM IN CORRECTIONS THEREFORE GOOD STRENGTH IN RALLY.
2- LAST RESISTANCE OF THIS RALLY IS AT 4744.
3- 3 STRONG SUPPORTS AT LOWER LEVELS.
ALMOST ALL THE GLOBAL MARKETS ARE NEAR THE TOP OF 6 MONTHS HIGH AND UPWARD BREAK OUT WILL GIVE STRONG MOMENTUM TO ALL THE GLOBAL MARKETS. IF NIFTY SUSTAINS ABOVE 4750 IN THE COMING SESSIONS THEN UPWARD BREAK OUT WILL CONFIRM IN INDIAN MARKETS AND THEN FAST RALLY WILL BE SEEN.
GREEN CLOSING IS EXPECTED AFTER POSITIVR CLOSING TODAY BUT NIFTY HAS TO SUSTSIN ABOVE 4750 TODAY FOR ANY UPMOVE FROM HERE AND ONLY IT HAS TO BE WATCHED FOR NEXT UPMOVE CONFIRMATION.
(LALIT KUMAR DHINGRA)
http://lh3.ggpht.com/_MdLrfnym5uc/SqRM8DVWjiI/AAAAAAAAARQ/-jF0s1Pu494/s400/SUPPORT%20%26%20RESISTANCE.png
CONCLUSIONS FROM ABOVE CHART:-
1- NIFTY MADE 3 HIGHER BOTTOM IN CORRECTIONS THEREFORE GOOD STRENGTH IN RALLY.
2- LAST RESISTANCE OF THIS RALLY IS AT 4744.
3- 3 STRONG SUPPORTS AT LOWER LEVELS.
ALMOST ALL THE GLOBAL MARKETS ARE NEAR THE TOP OF 6 MONTHS HIGH AND UPWARD BREAK OUT WILL GIVE STRONG MOMENTUM TO ALL THE GLOBAL MARKETS. IF NIFTY SUSTAINS ABOVE 4750 IN THE COMING SESSIONS THEN UPWARD BREAK OUT WILL CONFIRM IN INDIAN MARKETS AND THEN FAST RALLY WILL BE SEEN.
GREEN CLOSING IS EXPECTED AFTER POSITIVR CLOSING TODAY BUT NIFTY HAS TO SUSTSIN ABOVE 4750 TODAY FOR ANY UPMOVE FROM HERE AND ONLY IT HAS TO BE WATCHED FOR NEXT UPMOVE CONFIRMATION.
(LALIT KUMAR DHINGRA)
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