Pre-closing Outlook(11-03-2016)
Following Bullish moves at this moment:-
1- Nifty is now 22 points up
2- Sensex is now 103 points up
3- Dow's Futures is now 155 points up
4- All the European markets are also trading with 1.4% to 2.5% gains
Although above Bullishness but today intraday charts are showing selling signals therefore down moves are expected in the beginning of next week. As most uncertain Global markets therefore same following cautious view which has already been updated in previous 2 Outlooks at 08:57 AM and 01:57 PM today.
Valid break out of 7430-7530 will be first indication and sustaining beyond or forceful break out of 7310-7600 will be confirmation post FOMC big moves.