I had in my earlier posting mentioned about the neutral view I maintain on Markets. Now I have a bias towards a fall next week. The reason is as shown in the chart. I have given the H&S pattern occurred in 2008, and in 2009. When you look with OHLC chart, it looked like NIFTY has pierced the neck line of the H&S. But when you take the Closing value as reference, it shows that it has not yet pierced convincingly. This increases the chance towards a fall by next week. So, I modify my view that there is 35 % chance of a breakout rally and 65% chance of a sharp fall towards 3700, as mentioned in my earlier postings. The action in a couple of days will definitely show the " Real Colour"
