Just Wait and Watch Valid Break Out of 7242-7462 for Next Short Term Trend Confirmations.
Post-open Outlook(21-01-2016)
When Dow Jones was trading more than 370 points down at 10:56 PM yesterday then told following line yesterday in "Correction Continuation after follow up Selling"
more than 4 hours Mixed Patterns between 7294-7338 today therefore expected that Nifty will firstly trade within today trading range(7242-7338)
When All the Asian markets were trading strong today morning then also we repeated following line at 08:58 AM today in "Pre-open Outlook(21-01-2016)"
2- more than 4 hours Mixed Patterns between 7294-7338 yesterday therefore expected that Nifty will firstly trade within yesterday trading range(7242-7338)
Although both highly Bullish and Bearish Global markets cues but we followed only our Indian intraday charts patterns formation,result is clear now that now Nifty is trading within mentioned trading range(7242-7338) with today lowest formation at 7323.95.
As huge Global markets volatility therefore just wait and watch valid break out of 7242-7462 for next Short Term Trend confirmations.