Nifty Hourly Channel - Redrawn - 30/09/15 10:20 am

Nifty Hourly - 24/09/15 9:45 am

Retracing from the top band of channel. Should test the lower band in coming days.

Nifty Hourly channel - 23/09/15 10:30 am

NIFTY Hourly Channel- 22/09/15 1:00 pm

Bank Nifty channel broken.

Nifty to remain Sideways

Yesterday it closed above 7850 at 7872. But today morning it is again below 7850.

So no decisive move till FOMC outcome. SL will get triggered on both sides with possible wide swings.
Down move can be expected below 7750.

Wait & WATCH - FOMC outcome on 17/09

Till then wait & watch.

Nifty Hourly Patterns

Nifty Hourly chart -
H & S breakout above 7860 for a target of 8150.

Days move can be termed as  a bullish flag.

Nifty again facing hurdle at 7850

Nifty Hourly (Modified) Channel - 11/09/15 9.00 am

View remains same : Below 7700, Nifty can touch 7500 in its last attempt to shakeout bulls.
And if sustains above 7700,  next week can be above 8100.

7700 crucial for Nifty

Nifty could not cross 7850 yesterday. It broke down today making a "ISLAND REVERSAL" pattern. But managed to fill the gap created in the opening trade. So the pattern is no more important now. If it is able to hold 7700 today and tomorrow, it should be above 8100 soon.

Below 7700, Nifty can touch 7500 in its last attempt to shakeout bulls.

Nifty facing hurdle at 7850

Nifty could not cross 7850 today. May cross it tomorrow.
Both Nifty and BankNifty closed near 10D ema.

Nifty crosses 7700

Nifty crosses first hurdle of 7700.

Nifty Hourly Channel - 08/09/15 12.30 p.m.

Bank nifty channel broken on upside. Nifty will break above 7700.

Nifty Daily & Hourly

Nifty daily touches lower trendline. Should not stretch more.

Nifty Hourly, gave a false breakout above 7700, and broke down. Inches away from lower trendline.

Nifty Hourly Channel - 07/09/15 9.00 AM

Strength above 7700. Channel breakout above 7775-7800.

Nifty Hourly Channel - 04/09/15 10.00 am

About to touch the lower end of channel. Should bounce soon.

Nifty Hourly Channel - 03/09/15 11 a.m.

Nifty can be bullish if crosses and stays above yesterday's high of 7862.

Nifty Hourly Channel - 02/09/15 3.00 pm.

Nifty Hourly Channel - 02/09/15 10.30 a.m

Nifty Hourly Channel 01/09/15 - EOD

Nifty Hourly Channel - 01/09/15 12.40 At the bottom end

Nifty Hourly channel broken - 01/09/15 9:15 a.m.