Nifty daily analysis

• Nifty daily chart is showing a broadening top pattern.
• Broadening pattern can breakout on any side.
• The next chart shows nifty hanging on to the 20 day moving average. But the closing was followed by selling at higher levels that led to a candlestick formation which looks like a  shooting star with its long tail. Although the closing was above 20 DMA. The suggested level of 6127 was not conquered on closing basis.
• If nifty closes below 20 DMA again we may see some more correction.