Lalit Dhingra
View Profile

Finally slipping below 10000 without sustaining above 1

Lalit Dhingra at 02:07 AM - Apr 27, 2018 ( ) Views: 1,109

1 1

Finally slipping below 10000 without sustaining above 10638 

Intra Day Chart Analysis & Market Outlook



Nifty-Intra Day Chart (26-Apr-2018):-

Just click on chart for its enlarged view

Technical Patterns formation in today intraday charts


1- Mixed Patterns formation between 10560-10595

2- Sharp up after 03:00 PM 

3- Whole day actual trading between 10560-10628


Conclusions from intra day chart analysis 


Although sharp up after 03:00 PM but before that whole day trading was with Mixed Patterns formation therefore view will not be Bullish because such intraday volatailty is being seen for the last 7 sessions between 10510-10638 and until Nifty will not sustain above this range till then view will not be Bullish. 


As Short and Intermediate Term indicators are overbought therefore correction was expected but not being seen and still having same view of not sustaining above 10638 as well as finally slipping too much below 10000 despite SGX Nifty today closing was 50 points up after Dow Jones strong closing with gaining 238 points.


(1 to 3 out of 3) - Latest Replies on Top | First | << Previous | Next >> | Last |
Senguttuvan Krishnasamy at 09:31 AM - Apr 30, 2018 ( )

No wrong on Lalit ji.our is a manipulated market.many times it is not follows any technicals and fundamentalls. Note everyday fii in selling mode only for three weeks to sell in high value. When fii turn to buy mode market fall heavily. 

Thahir Nm at 08:27 AM - Apr 30, 2018 ( )

Hi Jay,

I understand your frustration as Lalit was extremely accurate in his past predictions.  None of us know the exact course market will take. Then what is the guarantee that we will not witness a fall? It can happen any time. Market seems to be bullish with results lined out but no one is suite how it will react to reliance results. What more is lined up no one knows. We need all the experts to share their views in Mudraa. Overly critical views will really discourage them to share their views as per me. Let us keep that in mind. 


Jay P at 01:10 AM - Apr 30, 2018 ( )

sustained very well above 10638, not only sustained but also closed 50 points up from your given analysis. 

1 to 3 out of 3

Login to participate in discussion.