Prosenjit

Nifty should be in a Small Correction - Bearish

Short
Prosenjit Updated   
NSE:NIFTY   Nifty 50 Index
Last couple of days NIFTY has rallied sharply, now today, after Gap Up price has created a Hanging Man candlestick pattern in the Daily Chart. This is a Bearish pattern.

Hence, I think, this should ideally take the price down to 19035 for now. And from there I expect Nifty to achieve another Higher High till 19535.
Trade closed: stop reached

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