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As indicated from here every trading day in our market outlook and Nifty forecast for the day, the markets have continued to improve since the last three days after it gave the first bullish signal on Stochastics. This was foretold here a day before its occurrence And we are happy that the readers of these Posts have made good d profits by following the trend of the market, Clearly and confidently. We have received so many positive responses from the readers of our posts here. And we Thank all of them.
Now, coming to the market Outlook for Thursday 15th December tomorrow the markets will be at least sentimentally affected by the Fed meeting outcome. Which is likely to get clear by midnight. Today, that is on the 14th of December. This external event. Will have. Its bearing. On the market movement. Tomorrow. But. Bullishness continues on. The daily High low chart of nifty. The important indicator MACD. Continues. It's. Up broadcaster towards the signal line. And is confirmed by is histogram today that it is in continuation. Of. It's. Going towards giving a buy signal in the coming days, though it remains in sell mode as of now.
The bands' narrow width suggests low volatility compared to NSENIFTY's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased in the near term. The bands have been in this narrow range for 4 periods. The probability of a significant price move increases the longer the bands remain in this narrow range.
On Candles Chart, A rising window occurred with the top of the previous shadow is below the bottom of the current shadow. This usually implies a continuation of a bullish trend. There have been 9 rising windows in the last 50 candles, making the current rising window even more bullish.
Pattern analysis of the Chart indicates that the Parabolic SAR at 18710 can act as a resistance level if markets open below this level. On the upside, beyond this level, there is no resistance before 18,878 levels.
Volatility is expected tomorrow and open of the markets will be influenced by the global market trend in response to the FED meeting outcome. Once this factor is taken into stride by the markets, the bullishness is expected to continue.
As indicated from here every trading day in our market outlook and Nifty forecast for the day, the markets have continued to improve since the last three days after it gave the first bullish signal on Stochastics. This was foretold here a day before its occurrence And we are happy that the readers of these Posts have made good d profits by following the trend of the market, Clearly and confidently. We have received so many positive responses from the readers of our posts here. And we Thank all of them.
Now, coming to the market Outlook for Thursday 15th December tomorrow the markets will be at least sentimentally affected by the Fed meeting outcome. Which is likely to get clear by midnight. Today, that is on the 14th of December. This external event. Will have. Its bearing. On the market movement. Tomorrow. But. Bullishness continues on. The daily High low chart of nifty. The important indicator MACD. Continues. It's. Up broadcaster towards the signal line. And is confirmed by is histogram today that it is in continuation. Of. It's. Going towards giving a buy signal in the coming days, though it remains in sell mode as of now.
The bands' narrow width suggests low volatility compared to NSENIFTY's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased in the near term. The bands have been in this narrow range for 4 periods. The probability of a significant price move increases the longer the bands remain in this narrow range.
On Candles Chart, A rising window occurred with the top of the previous shadow is below the bottom of the current shadow. This usually implies a continuation of a bullish trend. There have been 9 rising windows in the last 50 candles, making the current rising window even more bullish.
Pattern analysis of the Chart indicates that the Parabolic SAR at 18710 can act as a resistance level if markets open below this level. On the upside, beyond this level, there is no resistance before 18,878 levels.
Volatility is expected tomorrow and open of the markets will be influenced by the global market trend in response to the FED meeting outcome. Once this factor is taken into stride by the markets, the bullishness is expected to continue.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.