Dow futures trading more than 70 points up since morning today and Asian markets blasting today morning. Expected that today Asian markets sharp surge will proove dead cat bounce in the coming sessions. Today Asian markets rise is on the back of strongly trading US futures and global sharp fall will be seen in the leadership of US markets in this week.(Same view which expressed in the weekly in mid night today)
Strong opening and most of the day positive zone trading expected in Indian markets today but finally down moves will commence in the coming couple of sessions
Last bullish day will be today and after that down movws will start.(Same view which expressed in today Pre-Open Market Outlook in mid night today)
Although Global markets blasting today morning but mid-night expressed bearish views are unchanged today morning.
ॐ ह्रीं श्रीं लक्ष्मीभयो नमः॥
Pre-Open Market Outlook(01-11-2010)
Strong opening and most of the day positive zone trading expected but finally down moves will commence in the coming couple of sessions
Last bullish day will be today and after that down movws will start.
Last bullish day will be today and after that down movws will start.
Steep Fall after Strong RIL Quarterly Results
Weekly Analysis-01 Nov to 05 Nov 2010
October 2010 is suggesting selling month from intraday,daily,weekly and monthly charts patterns. Following patterns are telling for down moves in the begining of Nov 2010:-
1- Last month candle is inverted hammer(Bearish).
2- All 4 October Candles are Red.
3- Oct Derivative closing in Red with record volumes.
4- Daily Charts are indicating Head & Shoulders formations in Oct.
5- Rounding top like formation in Oct.
5- ABC correction is on toward minimum target at 5849.
Only minor pull back was expected and it was declared within first 2 hours in Mid Session outlook last Friday. As sharp recovery was seen in last 1 hour and strong RIL quarterly Results also therefore sentiment will be heated Monday morning and strong weekly opening is possible but expeted that Nifty will not sustain above 6080 in the coming week and will slip below 5932 after fresh selling in the next couple of sessions.
9 Legs have ben formed in last 27 sessions and this this foemations 5 upward and 4 downward legs have been formed and last 10th leg is left and expected it will complete at 5849 or below in the begining of this month.
10 Legs Formations Chart
Global Markets impact on Indian markets
US markets are mature for sharp correction and steep fall may be seen. It seems that Europen markets and some Asian markets are also well riped for fall. Expected that global sharp fall may be seen in the leadership of US markets in this week.
Conclusions
Huge volality expected in this bearish week and finally Red weekly closing expected.
October 2010 is suggesting selling month from intraday,daily,weekly and monthly charts patterns. Following patterns are telling for down moves in the begining of Nov 2010:-
1- Last month candle is inverted hammer(Bearish).
2- All 4 October Candles are Red.
3- Oct Derivative closing in Red with record volumes.
4- Daily Charts are indicating Head & Shoulders formations in Oct.
5- Rounding top like formation in Oct.
5- ABC correction is on toward minimum target at 5849.
Only minor pull back was expected and it was declared within first 2 hours in Mid Session outlook last Friday. As sharp recovery was seen in last 1 hour and strong RIL quarterly Results also therefore sentiment will be heated Monday morning and strong weekly opening is possible but expeted that Nifty will not sustain above 6080 in the coming week and will slip below 5932 after fresh selling in the next couple of sessions.
9 Legs have ben formed in last 27 sessions and this this foemations 5 upward and 4 downward legs have been formed and last 10th leg is left and expected it will complete at 5849 or below in the begining of this month.
10 Legs Formations Chart
Global Markets impact on Indian markets
US markets are mature for sharp correction and steep fall may be seen. It seems that Europen markets and some Asian markets are also well riped for fall. Expected that global sharp fall may be seen in the leadership of US markets in this week.
Conclusions
Huge volality expected in this bearish week and finally Red weekly closing expected.
NIFTY-NOV F&O-1ST SHORTING TRADE OF 29-10-2010-TRADE
NIFTY(NOV FUT-SELL-POSITIONAL)SL-6086-TGT-5988-CMP-6051
NIFTY(NOV PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-5900,6000-NIFTY(NOV FUT)-RATES ARE FOR-SL-6086-TGT-5988 FOR ALL OPTIONS-CMP-6051
NIFTY(NOV PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-5900,6000-NIFTY(NOV FUT)-RATES ARE FOR-SL-6086-TGT-5988 FOR ALL OPTIONS-CMP-6051
Mid-Session Outlook-2(29-10-2010)
जो भी आतंकवाद के धर्म का निर्णय नहीं कर सके तो पक्का है कि एक दिन उनके धर्म का निर्णय आतंकवाद ही करेगा।
आंखों से काला पट्टी उतार दो सेकुलर कुत्तों नहीं तो तुम्हारी बहन बेटिया भी कल किसी मुल्ले के यहाँ मुजरा कर रही होंगी और तुम सिर नीचे करके तबला बजा रहे होंगे !!
NIFTY-NOV F&O-1ST SHORTING TRADE OF 28-10-2010-COVERING
NIFTY NOV F & O(SHORTED OF 28-10-2010)-COVER AND BOOK PROFIT IMMEDIATELY-CMP-6032
3 Down Trend Formations at Higher Levels in Daily Chart
कर्नाटक में हिन्दुओं की हार हुई BJP की नहीं
कर्नाटक के चुनाव में:-1- CONGRESS को जिताने की अपील की 28 मुस्लिम संगठनों ने।
2- JDS का प्रचार किया हिन्दुओं को 15 मिनट में ख़त्म कर देने भाषण देने वाले के भाई ओवेसी ने।
चुनाव के बाद मुसलमानों के तलवे चाटकर उनके सामने कुत्तों की तरह पूंछ हिलाकर उनके टुकड़ों पे पलने वाली ये दोनों पार्टियां एक हो गई और हिन्दुओं के सबसे बड़ी रक्षक BJP अकेले पढ़कर हार गई क्यों कि सभी मुसलमान इकतरफा पूरी ताकत से BJP के विरुद्ध वोट करता है और केवल सच्चे देशभक्त और कटटर हिन्दू ही BJP को वोट देते हैं जो कि बहुत ही कम पड़ जाते हैं।
NIFTY-NOV F&O-1ST SHORTING TRADE OF 28-10-2010-TRADE
NIFTY(NOV) F & O(SELL & PUT-BUY AT CMP IMMEDIATELY)-SL,TGT AND OTHER DETAILS WILL BE GIVEN tomorrow CMP-6070
Next Trend decider is 5985-6030
Pre-Open Market Outlook(28-10-2010)
EOD charts are showing following bearish formations:-
1-ABC Correction is on and its minimum target at 5849.
2-Head and Shoulders formations indications.
3-Slipping of markets after 2/3 days narrow range moves
Next Supports are:-
1-5985-6030
2-5932-5985
Nifty traded about last 2 hours within 5985-6030 yesterday with intraday charts selling patterns in depressed sentiments. 5985-6030 is strong support and more selling requires in the coming sessions to break it. Very short term indicators are oversold and sentiment depressed therefore minor pull back rally possibility also can not be ruled out.
As good support therefore next trend decider is 5985-6030 and its breaking down will mean 5932 also not be saved. As pressure is clear at higher levels in Daily charts therefore deeper correction is also possible in breaking down situations.
Flat opening and firstly trading within 5985-6030 expected and Nifty will prepare within this range for next moves. Clear break out of this range is must for next big move confirmations. As more preperations are required for any side break out therefore coming sessions intraday charts formations will be next trend decider and final view will be formed accordingly.
(Lalit Kumar Dhingra)
EOD charts are showing following bearish formations:-
1-ABC Correction is on and its minimum target at 5849.
2-Head and Shoulders formations indications.
3-Slipping of markets after 2/3 days narrow range moves
Next Supports are:-
1-5985-6030
2-5932-5985
Nifty traded about last 2 hours within 5985-6030 yesterday with intraday charts selling patterns in depressed sentiments. 5985-6030 is strong support and more selling requires in the coming sessions to break it. Very short term indicators are oversold and sentiment depressed therefore minor pull back rally possibility also can not be ruled out.
As good support therefore next trend decider is 5985-6030 and its breaking down will mean 5932 also not be saved. As pressure is clear at higher levels in Daily charts therefore deeper correction is also possible in breaking down situations.
Flat opening and firstly trading within 5985-6030 expected and Nifty will prepare within this range for next moves. Clear break out of this range is must for next big move confirmations. As more preperations are required for any side break out therefore coming sessions intraday charts formations will be next trend decider and final view will be formed accordingly.
(Lalit Kumar Dhingra)
Mid-Session Outlook(27-10-2010)
Indian markets are outperforming global cues today morning.
Dow's futures is trading 45 points down.
Hangsang is 1.6% down
SSE(China) is 0.42% down
STI is 0.7% down
As Nifty is .36% down and outperforming therefore View is cautiously bearish
Dow's futures is trading 45 points down.
Hangsang is 1.6% down
SSE(China) is 0.42% down
STI is 0.7% down
As Nifty is .36% down and outperforming therefore View is cautiously bearish
NIFTY-OCT F&O-1ST SHORTING TRADE OF 26-10-2010-COVERING
NIFTY OCT F & O(SHORTED ON 26-10-2010)-COVER AND BOOK PROFIT IMMEDIATELY-CMP-6088(WE MAY SHORT AGAIN BUT FIRST COVER)
ABC correction & minimum target is 5849
Pre-Open Market Outlook(27-10-2010)
I told following lines near 8 pm on Monday for Tuesday market:-
1- Dow is trading more than 100 points up at this moment and Opening may be positive but Nifty will not sustain above 6145 and finally dip below 6100 in the coming couple of sessions.
2- Whatsoever may be global cues Tuesday morning but Nifty will not be able to cross Monday range and will slip below 6100 and will first test levels near 6060 in the coming sessions.
Nifty slipped below 6100 after selling patterns and closed below Monday range at 6082 yesterday. Last 3 sessions trading range is 6000-6145 and genuine selling patterns seen at higher levels within 6090-6145. Last 6 days trading range is 5985-6145 and within this range good buying within 5985-6030 also. Today expected trading range is 6030-6090 and after last 3 days selling at higher levels 6030 testing can not be ruled out in comming couple of sessions.
Daily Chart is suggesting ABC correction formations which minimum target is at 5849 and its calculation is shown in attached EOD chart.Except this following levels may also be correction completion points and testing possibility can not be ruled out:-
1- 55 Day EMA is at 5859 today.
2- 50.0% Fibonacci Retracement level- 5816
(Just click on the chart to magnifty it)
If Nifty sustains below 5932 then intermediate term trend will be down but there is strong support range(5985-6030) is between 6090 and 5932 and if follow up selling develop today then 6030 testing is confirm within next 2 days. As correction started after Rising Wedge reversal pattern therefore 5849 is also posible after ABC correction indaications.
Strong Asian markets are not expected today morning therefore flat to weak opening is possible today and also expected that Nifty will finally sustain below 6090 and will test minimum 6030 in the coming couple of sessions.
I told following lines near 8 pm on Monday for Tuesday market:-
1- Dow is trading more than 100 points up at this moment and Opening may be positive but Nifty will not sustain above 6145 and finally dip below 6100 in the coming couple of sessions.
2- Whatsoever may be global cues Tuesday morning but Nifty will not be able to cross Monday range and will slip below 6100 and will first test levels near 6060 in the coming sessions.
Nifty slipped below 6100 after selling patterns and closed below Monday range at 6082 yesterday. Last 3 sessions trading range is 6000-6145 and genuine selling patterns seen at higher levels within 6090-6145. Last 6 days trading range is 5985-6145 and within this range good buying within 5985-6030 also. Today expected trading range is 6030-6090 and after last 3 days selling at higher levels 6030 testing can not be ruled out in comming couple of sessions.
Daily Chart is suggesting ABC correction formations which minimum target is at 5849 and its calculation is shown in attached EOD chart.Except this following levels may also be correction completion points and testing possibility can not be ruled out:-
1- 55 Day EMA is at 5859 today.
2- 50.0% Fibonacci Retracement level- 5816
If Nifty sustains below 5932 then intermediate term trend will be down but there is strong support range(5985-6030) is between 6090 and 5932 and if follow up selling develop today then 6030 testing is confirm within next 2 days. As correction started after Rising Wedge reversal pattern therefore 5849 is also posible after ABC correction indaications.
Strong Asian markets are not expected today morning therefore flat to weak opening is possible today and also expected that Nifty will finally sustain below 6090 and will test minimum 6030 in the coming couple of sessions.
NIFTY-OCT F&O-1ST SHORTING TRADE OF 26-10-2010-TRADE
NIFTY(OCT FUT-SELL-POSITIONAL)SL-6134-TGT-6064-CMP-6116
NIFTY(OCT PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(OCT FUT)-RATES ARE FOR SL-6134-TGT-6064 FOR ALL OPTIONS-CMP-6116
NIFTY(OCT PUT OPTION-BUY-POSITIONAL)-S.P.FOR PUT-6100,6200-NIFTY(OCT FUT)-RATES ARE FOR SL-6134-TGT-6064 FOR ALL OPTIONS-CMP-6116
NIFTY-OCT F&O-1ST SHORTING TRADE OF 25-10-2010-COVERING
NIFTY OCT F & O(SHORTED ON 25-10-2010)-COVER IMMEDIATELY-CMP-6118(WE MAY SHORT AGAIN BUT FIRST COVER)
NIFTY-OCT F&O-1ST SHORTING TRADE OF 25-10-2010- MESSAGE
NIFTY OCT F & O(SHORTED ON 25-10-2010)-PLEASE DO NOT COVER AT TARGET & WAIT FOR MY COVERING MESSAGE
Pre-Open Market Outlook(26-10-2010)
Nifty crossed Friday resistance but could not crossed complete resistance range(6110-6145) after profit booking within 6125-6145 yesterday. Genuine selling was seen yesterday within 6110-6145. This range was already previous resistance range and genuine selling was seen exactly within this range yesterday therefore this range and this resistance has become become stronger.
Dow is trading more than 100 points up at this moment and Opening may be positive but Nifty will not sustain above 6145 and finally dip below 6100 in the coming couple of sessions.
Whatsoever may be global cues Tuesday morning but Nifty will not be able to cross Monday range and will slip below 6100 and will first test levels near 6060 in the coming sessions.
Dow is trading more than 100 points up at this moment and Opening may be positive but Nifty will not sustain above 6145 and finally dip below 6100 in the coming couple of sessions.
Whatsoever may be global cues Tuesday morning but Nifty will not be able to cross Monday range and will slip below 6100 and will first test levels near 6060 in the coming sessions.
NIFTY-OCT F&O-1ST SHORTING TRADE OF 25-10-2010-TRADE
NIFTY(OCT FUT-SELL-STBT)SL-6184-TGT-6084-CMP-6142
NIFTY(OCT PUT OPTION-BUY-STBT)-S.P.FOR PUT-6100,6200-NIFTY(OCT FUT)-RATES ARE FOR SL-6184-TGT-6084 FOR ALL OPTIONS-CMP-6142
NIFTY(OCT PUT OPTION-BUY-STBT)-S.P.FOR PUT-6100,6200-NIFTY(OCT FUT)-RATES ARE FOR SL-6184-TGT-6084 FOR ALL OPTIONS-CMP-6142
Mid-Session Outlook-2(25-10-2010)
As turned sentiment heated today morning therefore profit booking seen between 6125-6145 today. This range has developed as minor resistance. As I told today that if follow up buying develop then higher levels will be seen but profit booking seen at higher levels. Fresh consolidation required between 6090-6145 for crossing 6145 which is minor resistance at present.
Mid-Session Outlook(25-10-2010)
I expressed only positive moves expectations in today Pre-Open and Post-Open Outlooks and sharp up move seen after positive opening today.Although little intraday correction may be seen but positive closing and strong market expected today.Repeating again following lines of today Pre-Open Outlook:-
"if follow up buying is seen today then firstly upmoves will be seen to test levels near 6220"
"if follow up buying is seen today then firstly upmoves will be seen to test levels near 6220"
Post-Open Outlook(25-10-2010)
It was already told in Pre-Open Outlook for positive Asian markets and positive opening of Indian markets in mid night yesterday. Nifty trading near 6100 and crossing as well as sustaining above 6120 will be strong up move confiirmation.
Pre-Open Market Outlook(25-10-2010)
Although Indian markets slipped from higher levels last Friday but got support at lower levels(6040-6050) and whole day Nifty trading patterns are showing consolidations not distributions also. Strong supports below 6030 and today after yesterday lower levels support if follow up buying is seen today then firstly upmoves will be seen to test levels near 6220.
Positive Asian markets expected Monday morning and also expected that Indian markets will open in Green and Nifty will trade first in positive zone and first trading range will be 6050-6100. Intraday charts within this range will decide next moves and break out of this range will give next moves confirmations.
Let confirmations come from intraday charts formations then I shall post break out direction accordingly in Mid-session outlook.
Positive Asian markets expected Monday morning and also expected that Indian markets will open in Green and Nifty will trade first in positive zone and first trading range will be 6050-6100. Intraday charts within this range will decide next moves and break out of this range will give next moves confirmations.
Let confirmations come from intraday charts formations then I shall post break out direction accordingly in Mid-session outlook.
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