Post FOMC Rally on Cards
Intra Day Chart Analysis & Market Outlook
(17-03-2016)
Nifty-Intra Day Chart (16-Mar-2016):-(17-03-2016)
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1- Consolidation between 7405-7531(Immediate Supports)
2- Up moves with intraday corrections
3- Whole day actual trading between 7405-7508
Conclusions from intra day chart analysis
Live proofs of Levels and Nifty predictions
100% accuracy
100% accuracy
Following lines were told at 12:35 PM on 14-03-2016 in "Mid-session Outlook(14-03-2016)":-
expected that Nifty will trade and prepare between 7405-7600 for post FOMC decisive big moves
As was told 100% same happened in following manner previous 3 sessions:-
1- Lower level was given at 7405 and lowest formation at 7405.15 today before 102 points rally.
2- Trading and preparing for post FOMC decisive big moves was told between 7405-7600 on 14-03-2016 and after that Nifty traded within this range between 7405.15-7583.70 till today.
As firstly consolidation between 7405-7531 today and after that strong rally in last hours with intraday corrections therefore today started rally continuation is expected after post FOMC announcements tomorrow because selling patterns were not seen in last 2 sessions but all the down moves from 7583 were in Bullish Falling Channels.