Following lines were told at 12:46 PM in Mid-session Outlook today:-
1- a bounce back can not be ruled out now.
2- today intraday charts are showing consolidation signals therefore Pull back rally expectations turned alive from any level between 5823-5863.
When Nifty was trading near lower levels then we gave a range of 5823-5863 at 12:46 PM and Nifty reversed from 5,853.90 after new intraday low formation at 01:59 PM and now trading at 5894 after new intraday high formation.
Only a bounce back was expected and it has been seen and follow up moves in the beginning of next week will decide the timings of Pre-Budget rally and its detailed analysis will be updated in Weekly Analysis before next Monday.
1- a bounce back can not be ruled out now.
2- today intraday charts are showing consolidation signals therefore Pull back rally expectations turned alive from any level between 5823-5863.
Live Proofs of our accuracy
Not only today but our this Blog is full of such accurate daily predictions for the last 3 years and anyone can verify this fact from 'Archive' at the bottom of Blog.
Only a bounce back was expected and it has been seen and follow up moves in the beginning of next week will decide the timings of Pre-Budget rally and its detailed analysis will be updated in Weekly Analysis before next Monday.