The Outside Day pattern identified two weeks back reversed the uptrend as per it's character.Two week's of unabated fall retracing the upmove from 5566 in shorter time ! This shows selling pressure and the Nifty may experience some more damage.Buying strength close to 5477 low may lead to a pullback which should find resistance at the 40 & 20 Ema and the downtrendline from 6229.
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