NIFTY UPDATE

NIFTY broke 17,600 with a Gap-down, retained it, and again went down. Price rejection pattern gets confirmed Today. From here even if there is bounce Structure won’t change. Its clearly sell on rise. Our Targets on downside are very Aggressive, but for near term 17,250 is the level which we expect.

Tomorrow is Pattern date. So a Gap possible either sides. Last 2 Pattern days were very bullish. Let’s se tom. Pattern this time is bearish for NIFTY. 17,710 break away point.

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