Potential for a reversal or atleast a slow down - Geojit Financial
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Nifty Outlook:
Potential for a reversal or atleast a slow down, as indicated by the doji formed on Thursday, was thrown out of contention by the massive bearish engulfing pattern formed on Friday. The bullish candles seen on 15m candles formed on Friday towards the close could prompt a pull back, which could last till 13800, before resuming the plunge to 13500-13330. Alternatively, direct rise above 13800 would call for 14130.
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