PRE-OPEN MARKET OUTLOOK(23-10-2009)

SENTIMENT WAS EXTREMELY HEATED ON DEEPAWALI THEREFORE I WAS NON STOP TELLING FOR DOWN MOVE FROM HIGHER LEVELS AND CONSOLIDATION BETWEEN 5000-5125 AND NIFTY MOVED DOWN FINALLY AS WELL AS TESTED 5000 YESTERDAY. THIS SHOULD BE KEPT IN MIND THAT LONG TERM AND INTERMEDIATE TERM TRENDS ARE UP AND ONLY SHORT TERM TREND ID DOWN. I TOLD FOR SUPPORT AT 4980 YESTERDAY BUT SENTIMENT AGAIN HEATED AFTER CONGRESS VICTORY IN ASSEMBLY POOLS THEREFORE NIFTY MOVES BELOW 4980 IN CONSOLIDATION PROCESS, AS PER MY VIEW NIFTY CONSOLIDATED WITHIN 4970-5000 YESTERDAY AND FOR UPMOVE FROM HERE MORE CONSOLIDATION REQUIRES IN THE COMING SESSIONS. IF IT HAPPENS THEN INDIAN MARKET WILL SHOOT UP IMMEDIATELY AFTER THE COMPLETION OF CONSOLIDATION. IT HAS TO WATCH TODAY THAT IF NIFTY CONSOLIDATES ABOVE 4970 AND SUSTAINS ABOVE 5000 IN THE COMING SESSIONS THEN THIS RANGE(4970-5000) WILL BE GOOD SUPPORT OF THIS RALLY AND NEXT TRADING RANGE WILL BE 4970-5180. IF IT HAPPENS IN THE COMING COUPLE OF SESSIONS THEN NIFTY WILL CROSS 5180 AFTER COMPLETION OF SHORT TERM CORRECTION AND WILL TEST PLUS 5200 LEVELS.

GOOD SELLING AT HIGHER LEVELS(BELOW 5180) AND CONSOLIDATION WITHIN 4970-5000 WILL MAKE INDIAN MARKETS RANGE BOUND(4970-5180) AND UP SIDE BREAK OUT WILL CONTINUE ON GOING RALLY AND DOWN SIDE BREAK OUT WILL MEAN TESTING OF 4800. IT IS EXPECTED THAT INDIAN MARKETS WILL CONSOLIDATE IN THE COMING SESSIONS AND WILL FINALLY CROSS 5180 TO TEST PLUS 5200 LEVELS.

IT IS EXPECTED THAT INDIAN MARKETS WILL CONSOLIDATE AFTER POSITIVE OPENING AND WILL CLOSE IN GREEN ON 23-10-2009.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(22-10-2009)

SENTIMENT WAS EXTREMELY HEATED UP AND SELLING AT HIGHER LEVELS THEREFORE I WAS NON STOP TELLING FOR CONSOLIDATIONS BETWEEN 5000-5125 AND NOW NIFTY HAS ENTERED WITHIN THIS RANGE. SHORT TERM TREND IS DOWN BUT LONG TERM AND INTERMEDIATE TERM TRENDS ARE UP AS WELL AS INDIAN MARKETS ARE CONSOLIDATING THEREFORE IT IS ALSO POSSIBLE THAT INDIAN MARKETS MAY RECOVER FROM ANY POINT. IN THIS SITUATION TRADES SHOULD BE DONE FOR SHORT TERM.

AFTER WEAK GLOBAL CUES OPENING WILL BE WEAK AND AFTER RED OPENING NIFTY WILL TRADE FIRST NEAR 5050 AND IF MOVES BELOW IT THEN NEXT SUPPORT IS AT 4980. IT HAS TO BE WATCHED TODAY THAT WHERE INDIAN MARKETS ARE GETTING SUPPORT BECAUSE INDIAN MARKETS MAY RECOVER FROM ANY POINT.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(21-10-2009)

WHEN ALL OVER IN ALMOST ALL THE BUSINESS CHANNELS BUYING CALLS WERE BEING GIVEN THEN I WAS CONTINUOUSLY TELLING:-

I TOLD ON 16-10-2009:-"FOR THE LAST 2 DAYS.YESTERDAY INTRADAY CHARTS ARE SHOWING SELLING PATTERNS THEREFORE SHORT TERM CORRECTION IS POSSIBLE AND IN THE SITUATION OF CORRECTION NIFTY SHOULD TRADE FIRST WITHIN 5000-5125"

I TOLD ON 17-10-2009(DEEPAWALI DAY):-"IT IS EXPECTED THAT NIFTY WILL TRADE WITHIN 5000-5125 IN THE COMING COUPLE OF SESSIONS"

I TOLD ON 20-10-2009:-"EXPECTED THAT NIFTY WILL TRADE WITHIN 5000-5125 DURING CONSOLIDATION"

I TOLD FOR DEEPAWALI THAT INDIAN MARKETS WILL MOVE DOWN FINALLY AND CLOSED IN RED TODAY AND ON DEEPAWALI DAY INDIAN MARKETS NOT ONLY MOVED DOWN SHARPLY IN THE LAST MINUTES BUT LAST TRADED RATES WERE ALSO AT LOWEST OF SESSIONS AS WELL AS IN RED FIGURES. I ALSO TOLD YESTERDAY FOR RED CLOSING AMONG STRONG GLOBAL CUES AND INDIAN MARKETS ALSO CLOSED IN RED YESTERDAY,

I AM CONTINUOUSLY TELLING FOR THE EXPECTED TRADING RANGE OF 5000-5125 AND TODAY NIFTY WILL TRADE WITHIN THIS RANGE. LAST 4 DAYS TRADING RANGE WAS 4080-5180 AND IF NIFTY SUSTAINS BELOW IT TODAY THEN SHORT TERM TREND WILL TURN DOWNWARD AND THIS RANGE WILL PRODUCE STRONG RESISTANCE.

WEAK OPENING AND RED CLOSING IS EXPECTED TODAY.


(LALIT KUMAR DHINGRA)

PRE-OPEN MARKET OUTLOOK(20-10-2009)

ALL TRENDS ARE POSIITVE BUT INTRADAY CHARTS ARE SHOWING SELLING PATTERNS THEREFORE INDIAN MARKETS REQUIRES CONSOLIDATION AND IS EXPECTED THAT NIFTY WILL TRADE WITHIN 5000-5125 DURING CONSOLIDATION. GLOBAL CUES ARE POSITIVE THEREFORE AFTER POSITIVE OPENING DOWN MOVE IS EXPECTED AND RED CLOSING WILL BE SEEN TODAY.



(LALIT KUMAR DHINGRA)