The way the candlestick patterns indicate, points to a Deep Cut ahead. I have shown two Engulfing patterns on the attached chart, for you to compare. Look what happened, after “A”. I had mentioned yesterday about the importance of 5400.
I will not be surprised if NIFTY opens tomorrow at an untouchable distance from 5400 and making bloodshed.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
