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.