vikramsthakkar

Bear engulf @ Rising Wedge

NSE:NIFTY   Nifty 50 Index
Nifty closed with Bear Engulf @ Channel Resistance

Going forward till 10450-10500 is not crossed expect dip upto 10240-10200

Immediate support @ 10320, if break below this then profit booking will continue upto 10240-10200 where buyers will again try to bounce back with 20DMA coming @ 10260.
In case 10320 holds bounce will be upto 10450-10500

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