Lalit Dhingra
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Rally continuation despite Whatsoever Outcome from FOMC

Lalit Dhingra at 06:25 PM - Mar 18, 2015 ( ) Views: 716

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Rally continuation despite Whatsoever Outcome from FOMC

Technical Analysis and Market Outlook

(19-03-2015)

Nifty-Intra Day Chart (18-Mar-2015):-

Just click on chart for its enlarged view

Technical Patterns and Formations in today intraday charts

 

1- Consolidation Patterns between 8680-8700

2- Consolidation Patterns between 8664-8684

3- Down moves in Bullish Falling Channel 

4- Whole day actual trading between 8664-8747

 

Conclusions from intra day chart analysis 

 

Although Nifty closed near the highest of the day yesterday but we were not Bullish for today market and told following lines in "Fate of Sub Wave-3 in the hands of FOMC & Land acquisition Bill"

 

1- very short term/intraday correction is due for tomorrow

2- Nifty may turn sideways tomorrow because Nifty has to prepare

 

As was told 100% same happened today and correction was seen as well as Nifty closed 37 points down today

 

Following line was told today at 10:02 AM in Post-open Outlook(18-03-2015):-

 

Immediate supports and resistances are between 8630-8760 and Nifty will remain sideways within this range today as well as prepare for next decisive moves

 

Nifty traded whole day today within mentioned trading range(8630-8760) and prepared for next decisive moves. As consolidation within sideways ranges and consolidation patterns of Down moves in Bullish Falling Channel therefore it seems that Nifty prepared for up moves today.


Although Indian markets closed near the lowest of the day today but good consolidation and lower levels supports in previous 2 sessions and follow up consolidations was seen today today also therefore rally continuation is expected tomorrow despite whatsoever outcome from FOMC today Midnight.


(1 to 2 out of 2) - Latest Replies on Top | First | << Previous | Next >> | Last |
Ambrish Patel at 10:17 AM - Mar 19, 2015 ( )

THANKS,

Lalit Dhingra at 10:04 AM - Mar 19, 2015 ( )

Who told in whole India for post FOMC Rally again & again

Live Proofs 100% Accurate Analysis 

 

When Nifty was going to close near the lower levels of the day yesterday then we told following line yesterday at 03:28 PM in Pre-closing Outlook(18-03-2015):-

 

rally continuation is expected tomorrow despite whatsoever outcome from FOMC today and market going to close near the lowest of the day today.

 

We told following line yesterday at 06:17 PM in "Rally continuation despite Whatsoever Outcome from FOMC":-

 

"rally continuation is expected tomorrow despite whatsoever outcome from FOMC today Midnight"

 

As was told yesterday 100% same happened today and Nifty traded 100 points up in first 27 minutes today.


Who told in whole India for post FOMC Rally except us?

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