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Nifty just broke the crucial support of 7730  which is the neckline of the head n shoulder pattern emerging in recent months If the head n shoulder pans out technically the target should be at around 7200-7160 level which is also 61% retracement level of the range starting from 6000 to 9100 nifty apart from other news and rumors nifty is travelling inside the bearish corrective channel where 7200 is a good level to enter for value buying of stocks  However above 8300 with good volume will change the bearish scenario and act as a reversal. Lets hope for the best ......we really do not want the recent head and shoulder to be confirmed and achieved ...........lols market is subject to risk only time will tell

Nifty touched 8329 facing some resistance there.... as analysed on 23rd sept and 13th oct blogpost next range will be 8520 however it shows some weakness which can drag nifty to 8145 and 8030 level then we can see another rally till 8500 market is subject to risk time will only tell

Following 23rd sept post nifty has touched 8237 from 7844 breaking 8000 mark Volume is up , however nifty resisted at 8237 due to result seasons in the offing. IIP data has come good however food inflation has come a little higher. Expect nifty to touch 8330 however it can retrace to 8050 level market is subject to risk only time will tell

Another Nifty Analysis Look at the picture Are we seeing an inverse Head and Shoulder pattern emerging in Nifty?!!! I am a little impatient to put forward my thoughts way before ......but alas I can't wait to say.....its my fault.....lols However its just a advancement towards it not a established H&S pattern. So we have to wait to break the neck line of 8049.....and if it pans out the way we expect then the target could be 8540 However the market sentiment are not so conducive .....and also the volume too. But we can not ignore the possibilities of nifty to bounce back by next weak ahead of RBI credit policy. At least we can see the filling of Gap created in August i.e. 8290 Not to mention if the lower side i.e. 7555 is broken we can witness lower low pattern  lets see only the time will tell Market is subject to risk

  FED CARES NOTHING...ITS A SUPERPOWER FED will take its decision and leave it to the market to take its course.  How long Fed will wait before it raises rates from near zero level is what Fed itself is pondering about. some day sooner it has to raise rates so why not now..... Its been whole nine years since US went into financial crisis News are out everywhere like shells on the roof....... Top news Europe closes today completely flat with way below trading volume Sgx nifty is surprisingly  running  at 50 points up at 7988, this is almost 89 points up from CNX Nifty close on 16th sept 2015 Dow jones gaining gradually ahead of Fed meeting Indian finance minister holding key economic meetings before Fed decisions to watch the live FOMC meeting proceedings follow this link http://www.ustream.tv/federalreserve late night update Fed rates unchanged and dow jones is stagnant

News to be watched this week....... Fed FOMC economic projection at 11:30 pm ISD 17th Sept 2015 Fed FOMC statement on rate decision at 11:30 ISD 17th Sept 2015 17th is trading holiday so we expect a volatile Friday this week......are we going to see a black friday or a golden friday!!!!!  Here is the nifty chart EOD Nifty volume shows accumulation as there is no such sharp fall in volume.  Latest nifty low was 7539 on 8 sept 2015 PCR is near to 1 as both call put positions are equally created in the market Today 8100 call open interest has increased substantially Fed interest rate decision is having a 50-50 chance of rate hike. If increased there will be margin call for big investors who borrowed funds at near zero rate. However market has already discounted that scenario...rest is up to the market And if not it will only be postponed till december.....so the dagger still looms  Technically if nifty breaks 7539 next level will be 7...