Mid-session Outlook(14-03-2016)
Although US markets and all the European markets blasted last Friday but we were cautious and not as such Bullish therefore told following lines yesterday in "Finally Up moves after volatile trading within Crucial Levels":-
1- 6 Sessions actual trading between 7405-7545
2- selling was also seen between 7405-7545 in last 6 sessions therefore Indian markets may be highly volatile in the beginning of next week.
3- selling was seen last Friday also therefore some down moves are expected between last 6 sessions range
All the Asian markets were also blasting today morning and Nifty also moved up 73 points in first 15 minutes but could not sustain at higher levels and slipped below 7545 at 7526 after loosing 57 points from higher levels because Last Friday Selling and last 6 sessions selling as well.
volatility in the beginning of this week was also told which was seen in first 3 hours today. Although Nifty is now trading after loosing 57 points from higher levels but expected that Nifty will trade and prepare between 7405-7600 for post FOMC decisive big moves. Although more than 57 points slipping from higher levels today but still same finally Up moves view which was updated yesterday in previous Outlook.