A bearish engulfing pattern lends further weight to the prospects of continued downsides - Geojit Financial
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NIFTY OUTLOOK
A bearish engulfing pattern lends further weight to the prospects of continued downsides. Expect pull back early in the day to 18445 followed by downswings, which could aim for 18270-230 in the next few days, but not necessarily today. Alternatively, direct rise above 18500 could dilute the bearish bias, but we are less expectant of a vertical rise.
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