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