Last week, I had mentioned about the Doji formation. We were waiting for a confirmation by NIFTY closing lower than the low of last week (5822). Now that it is a reality. It has now closed below 5822.
Hence, the next bearish move is now confirmed. Unless, NIFTY Close above 5960, we should a deep cut in NIFTY in the coming weeks.
Chart is not attached here as last week; I had presented the Doji formation.
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