NIFTY Chart update

 

 

• Daily chart shows a bearish engulfing pattern which needs confirmation with a negative candle and high volume.
• It's crucial for bears to close below the remaining portion of the GAP between the last candles low at 5977 to 5963. 
• Price has closed below 5 Day High EMA. Next support at Day low EMA(5964). Daily close below day low ema should favor bears to extend the fall.  

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