Daily Chart
Nifty as well as Bank Nifty formed a Bearish Engulfing pattern.Monday's candle being a near doji and today's candle having a large bearish body increases the chances of bearishness continuing.
Confirmation tomorrow in the form of a black candlestick, a large gap down or a lower close is required on the third candle.
Bank Nifty
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Happy Trading !!
Lakshmi Ramachandran
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