as we can see NIFTY formed a strong marabozu candle showing the dominance of bears over bulls. This candle not only gives strength to bears but also weakens the mindset of bulls as making enteries in such falling market would be like catching a falling knife. Hence next WEEKLY candle is going to be very crucial as like previous time, it can take SUPPORT and start REVERSING else it can cause a mayhem in the market so plan your trades accordingly and keep watching everyone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.