8836 will Confirm Post FOMC Big Moves
Pre-open Outlook(22-09-2016)
As only intraday volatility and as such one sided patterns formations were not seen and Indian markets completely under performed most Global markets yesterday therefore correction continuation below yesterday lowest(8758) was expected but US and all the Asian markets blasted after no rates hike and dovish statement by FOMC yesterday night.
1- Fed decision: Here’s how the S&P 500 performs historically
2- Stocks rally into the close as the Fed stands pat on interest rates
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Certainly most Bullish sentiment today morning therefore in reaction strong opening of Indian markets will also be seen and valid break out of those crucial levels highest(8736-8836) will confirm next big moves which were updated on 20-09-2016 in "Post FOMC One Sided Big Moves Confirmations from Crucial Levels".