There is nothing more to add except that NIFTY is getting closer to the mid line ML, which is approximately at 5120. On the daily scale, if NIFTY sustains below 5410, we might see 5260 and then 5120. If NIFTY pulls back, and sustain above 5410, then we might see 5520. The engulfing pattern formed on Friday, points to a drop towards 5120 this week.
These are technical levels, and in reality, it may vary. Hence, it is advised that, you consult your broker for any trading decision. Neither the analyst nor the publisher is responsible for the outcome of your trading.
