January 7, 2011

Nifty Week looking weak

  • Nifty weekly chart may confirm a Dark Cloud Cover pattern today. This will be negated only if nifty close the week higher.
  • This weeks candle has covered more than 50% of the previous candle. If it closes like this it will favour bears. Dark cloud cover is a bearish pattern.
  • BEARISH ENGULFING OF BANK NIFTY

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