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 7150 else the upside target  is 7949 and 8160

 And if the upside is supported by RBI's decision to reduce interest rate on 29th sept then we can see nifty to touch 8328 which will fill the gap created on 21st august 2015 till it may wait for the Bihar polls in november.

  Trend is downwards for nifty in mid to long term picture....unless there is some real trigger in the market like Reforms and passing of GST bill

 US datas are coming satisfactory clearing more room to hike rate. However Indian iip and cpi data looks good opening window to RBI governor to reduce rates. Both the factor will make the IndiaVix more of a roller coaster ride this month.


Market is subject to risk
Time will tell

























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