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.