STATE OF MARKET AHEAD OF FOMC AND RBI POLICY TODAY

POSTING SENSEX CHART as its more trustworthy then NIFTY !!

SENSEX 20.5K (Nifty 6100) is the Support I'll be looking for now ..

Two imp Events Coming this week , FED meeting on 18th night and RBI policy on 18th Morning which should decide the fate of our Market ..

Now Technically is 20.5K Gets Broken then We'll Slip Fast to 20.1K and 20K levels on Sensex (  5970-5950 Nifty ) And then Their could be a Fall to 19.5K to 19K levels Very Verly Quicky  (Even in 1-2 days only) That Will be Some Panic Selling & Bears Will have an Upper Hand that time after a Long time..

BANK NIFTY  Supp @ 11.3-11.1K around and once that 11000 mark is broken then We can see a Quick 5-10% crack in Bank Nifty ( A 50 BPS rate Hike on 18th is Perfect Catalyst for the Crackdown ) The 11000 Bank nifty puts Which Are Trading @ 100-80 Can do 700-1000 also If We Get a 50 BPS rate Hike on 18th ...

Lets Now Look Into the Technical Charts :

 

SENSEX WEEKY 

 

BANK NIFTY

Some Short Selling Ideas 

1. A NIFTY HEAVY WEIGHT ONLY TO CLIENTS

2.ANOTHER NIFTY HEAVY WEIGHT ONLY TO CLIENTS

3. BANK BARODA